Preliminary Economic Assessment
Constellation Project incorporating the Los Helados Deposit, Chile and the Josemaría Deposit, Argentina NI 43-101 Technical Report on Preliminary Economic Assessment Prepared for: NGEx Resources Inc. Prepared by: Mr Alfonso Ovalle, RM CMC, Amec Foster Wheeler Mr Cristian Quiñones, RM CMC, Amec Foster Wheeler Mr Cristian Quezada, RM CMC, Amec Foster Wheeler Mr David Frost, FAusIMM, Amec Foster Wheeler Mr Vikram Khera, P.Eng.,Amec Foster Wheeler Mr Gino Zandonai, RM CMC, DGCS SA Effective Date: 12 February 2016 Amended Signature Date: 31 March 2016 Project Number: 179770 CERTIFICATE OF QUALIFIED PERSON I, Alfonso Ovalle, RM CMC, am employed as a Principal Mining Engineer with Amec Foster Wheeler International Ingeniería y Construcción Limitada (“Amec Foster Wheeler”). This certificate applies to the technical report titled “Constellation Project, incorporating the Los Helados Deposit, Chile and the Josemaría Deposit, Argentina, NI 43-101 Technical Report on Preliminary Economic Assessment” that has an effective date of 12 February, 2016 (the “technical report”). I am a Registered Member of the Chilean Mining Commission (RM CMC #243). I graduated from the University of Chile as a Civil Mining Engineer in 1970. I enrolled in a Master of Science in Mineral Economics degree course at the Henry Krumb School of Mines, Columbia University, N.Y. from 1972 to 1973. I have practiced my profession for 47 years since graduation. I have been directly involved in base and precious metals and limestone operations, planning, consulting, and management of underground mines in Chile, Peru, South Africa, Canada and Australia. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (“NI 43–101”).
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