TSX.V: RSMX

43-101 Report Dios Padre

Dios Padre in Situ 43-101 Inferred Resource November 24, 2020

      Average Grade     Metal Content  
Cutoff (AgEq) Tonnes AgEq Ag Au AgEq Ag Au
g/t Mt g/t g/t g/t million t.oz million t.oz million t.oz
100 1.363 225.79 211.35 0.17 9.893 9.260 0.007
110 1.322 229.49 215.05 0.17 9.755 9.141 0.007
120 1.249 236.18 221.70 0.17 9.483 8.902 0.007
130 1.186 242.03 227.52 0.17 9.232 8.679 0.006
140 1.094 250.99 236.47 0.17 8.832 8.321 0.006
150 0.976 263.80 249.21 0.17 8.281 7.823 0.005
160 0.887 274.72 260.07 0.17 7.839 7.421 0.005

Inferred Mineral Resource Estimate Dios Padre Property for selected cut‐off grades. Note: the formula for silver equivalent used is: AgEq (g/t) =( (Ag(g/t)*Ag price*Ag recovery)+ ([Au (g/t)*Au price*Au recovery))/(Ag price*Ag recovery) based on a silver price of US$17.00/oz and a gold price of US$1479/oz, current as at July 2019, and assumed metallurgical recoveries of 92% Ag and 91% Au.

Classification Inferred
Cutoff Grade g/t AgEq 120
Tonnes 1,249,000
Est. Silver Grade g/t Ag 221.70
Est. Gold Grade g/t Au 0.17
Contained Silver Troy ozs 8,902,000
Contained Gold Troy ozs 6,757

Inferred Mineral Resource Estimate, Dios Padre Property.

An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.  An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.  The Mineral Resource has reasonable prospects of economic extraction at a cut‐off (B/E) grade of 120g/t silver equivalent.

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