Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario, Canada Report Prepared for: Report Prepared by: SRK Consulting (Canada) Inc. 2CF019.000 Effective Date: June 6, 2017 Report Date: October 16, 2017 2CF019.000 – First Mining Finance Corp. Preliminary Economic Assessment Update for the Springpole Gold Project, Canada Page i Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario, Canada Prepared for: Prepared by: First Mining Finance Corp. SRK Consulting (Canada) Inc. Suite 1805–925 West Georgia Street 2200–1066 West Hastings Street Vancouver, BC V6C 3L2 Vancouver, BC V6E 3X2 Canada Canada Tel: +1 884 306 8827 Tel: +1 604 681 4196 Web: www.firstminingfinance.com Web: www.srk.com Email:
[email protected] SRK Project Number: 2CF019.000 Effective date: June 6, 2017 Signature date: October 16, 2017 Authored by: Dr. Gilles Arseneau, Ph.D., P.Geo. Bruce Andrew Murphy, P.Eng. Associate Consultant (Geology) Principal Consultant (Geotechnical) Dr. Adrian Dance, Ph.D., P.Eng. Michael Royle, M.App.Sci., P.Geo. Principal Consultant (Metallurgy) Principal Consultant (Hydrogeology) Victor Munoz, P.Eng., M.Eng. Dr. Ewoud Maritz Rykaart, Ph.D., P.Eng. Senior Consultant (Water Resources Principal Consultant (Geotechnical Engineering) Engineering) Grant Carlson, P.Eng. Mark Liskowich, P.Geo. Senior Consultant (Mining) Principal Consultant (Environmental) Neil Winkelmann, FAusIMM Principal Consultant (Mining) Peer Reviewed by: Neil Winkelmann, FAusIMM Principal Consultant (Mining) Acknowledgement: SRK would like to acknowledge the support and collaboration provided by First Mining Finance Corp. personnel. Their collaboration was greatly appreciated and instrumental to the success of this report. GC/NW 2CF019 000_Springpole_PEA_Update_20171026.docx October 2017 2CF019.000 – First Mining Finance Corp.