Bear Creek Mining Corani Project NI 43-101 Technical Report 17 December 2019

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Bear Creek Mining Corani Project NI 43-101 Technical Report 17 December 2019 102760-05-RPT-01 Revision Number 1 Bear Creek Mining Corani Project NI 43-101 Technical Report 17 December 2019 17 December 2019 102760-05-RPT-01 Page 1 Rev: 1 Date: 17 December 2019 CERTIFICATE oF QUALIFIED PERSON I, Gregory Searle Lane do hereby certify that: 1. I am currently employed as Chief Technical Officer by: Ausenco Services Pty Ltd, 144 Montague Road, South Brisbane, Queenland, Australia. 2. I am a graduate of University of Tasmania and received a Master of Science degree in Chemistry in 1987 and a Bachelor of Applied Science (App. Chem.) in 1981. 3. I am a FAusIMM in Australia # 203005. 4. I have practiced Process Engineering and Study Management for thirty years. I have worked for engineering companies for 25 years and for Ausenco Pty Ltd for 15 years. 5. I have read the definition of “qualified person” set out in National instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. 6. I have not visited the Corani property. 7. I am responsible for the preparation of the following sections of the technical report titled Bear Creek Mining Corani Project NI43-101 Technical Report, dated December 17, 2019 (the “Technical Report”), relating to the relating to the Corani Silver-Lead-Zinc project in Peru. SECTION SECTION NAME 1 Summary 2 Introduction 3 Reliance on Other Experts 13.9 Interpretation 17 Recovery Methods 18 (except 18.2.6 and 18.3) Project Infrastructure 19 Concentrate Market Studies and Contracts 21 Capital and Operating Costs 22 Economic Analysis 23 Adjacent Properties 24 Other Relevant Data and Information 25 Interpretation and Conclusions 26 Recommendations 27 References 102760-05-RPT-01 Page 2 Rev: 1 Date: 17 December 2019 8. I have not had prior involvement with the property that is the subject of the Technical Report. 9. I am Independent (as defined in NI 43-101) of Bear Creek Mining Corporation. 10. I have read NI 43-101 and Form 43-101F1 and confirm the sections of the Technical Report for which I am responsible (as listed in Item 7 above) have been prepared in compliance with that instrument and form. 11. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information required to be disclosed to make the report not misleading. 12. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Dated this Seventeenth day of December, 2019 ___________________________________ Signature of Qualified Person Greg Lane ___________________________________ Print name of Qualified Person 102760-05-RPT-01 Page 3 Rev: 1 Date: 17 December 2019 CERTIFICATE oF QUALIFIED PERSON I, Michael Meyer, do hereby certify that: 1. I am currently employed as Principal Scientist by: Meyer EPS, Inc. and INSIDEO S.A.C. 2. I am a graduate of Davidson College and received a Bachelor of Science degree in Chemistry in 1989 and a Master of Science degree in Biochemistry and Biophysics from the University of North Carolina-Chapel Hill in 1992, and a Doctor of Philosophy degree in Wildlife Biology from Colorado State University in 1997. 3. I am a Registered Qualified Professional Member of the Mining and Metallurgy Society of America (N° 01377QP) in Environmental Permitting and Compliance. 4. I have practiced my profession of environmental management, compliance and permitting continuously for the past 24 years on mining projects in North America, Central and South America, Australia/Indonesia, Europe, and Africa. I have worked for a variety of environmental consulting firms, including the past 11 years for Meyer EPS, Inc. 5. I have read the definition of “qualified person” set out in National instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. 6. I have not visited the Corani property. 7. I am responsible for the preparation of the following sections of the technical report titled Bear Creek Mining Corani Project NI43-101 Technical Report, dated 17 December, 2019 (the “Technical Report”), relating to the Corani Silver-Lead-Zinc project in Peru. SECTION SECTION NAME 20 (except 20.1.1, 20.1.3, 20.3.7, 20.3.8 & Environmental Studies, Permitting and Social or Community Impact 20.3.10) 8. I have not had prior involvement with the property that is the subject of the Technical Report. 9. I am Independent (as defined in NI 43-101) of Bear Creek Mining Corporation. 10. I have read NI 43-101 and Form 43-101F1 and confirm the sections of the Technical Report for which I am responsible (as listed in Item 7 above) have been prepared in compliance with that instrument and form. 11. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information required to be disclosed to make the report not misleading. 12. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. 102760-05-RPT-01 Page 4 Rev: 1 Date: 17 December 2019 Dated this Seventeenth day of December, 2019 ___ ___________________________ Signature of Qualified Person __Michael Meyer___________ Print name of Qualified Person 102760-05-RPT-01 Page 5 Rev: 1 Date: 17 December 2019 CERTIFICATE oF QUALIFIED PERSON I, Kevin Gunesch, do hereby certify that: 1. I am currently employed as Principal Mining Engineering by: Global Resource Engineering Ltd. (GRE) 600 Grant Street, STE# 975 Denver, Colorado USA 2. I am a graduate of Colorado School of Mines and received a Bachelor of Science degree in Mining Engineering in 2000. 3. I am a US registered professional engineer in Alabama #27448 4. I have practiced mining engineering for 20 years. I have worked for several mining companies for 5 years, been self employed as a mining consultant for 5 years, and been employed by GRE for 10 years. 5. I have read the definition of “qualified person” set out in National instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. 6. I visited the Corani property on numerous occasions for several weeks at a time with my most recent 13 day trip completed in November and December of 2011. 7. I am responsible for the preparation of the following sections of the technical report titled Bear Creek Mining Corani Project NI43-101 Technical Report, dated 17 December, 2019 (the “Technical Report”), relating to the relating to the Corani Silver-Lead-Zinc project in Peru. SECTION SECTION NAME 4 Property Description and Location 5 Accessibility, Climate, Local Resources, Infrastructure and Physiography 6 History 8. I have had prior involvement with the property that is the subject of the Technical Report including participating in site geotechnical investigations, surface water management, mine planning, and cost estimation and have contributed to the previous 3 technical reports published in 2011, 2015, and 2017. 9. I am Independent (as defined in NI 43-101) of Bear Creek Mining Corporation. 10. I have read NI 43-101 and Form 43-101F1 and confirm the sections of the Technical Report for which I am responsible (as listed in Item 7 above) have been prepared in compliance with that instrument and form. 11. As of the effective date of the Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information required to be disclosed to make the report not misleading. 102760-05-RPT-01 Page 6 Rev: 1 Date: 17 December 2019 12. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Dated this Seventeenth day of December, 2019 _Kevin Gunesch (Signed)____ Signature of Qualified Person _Kevin Gunesch____________ Print name of Qualified Person 102760-05-RPT-01 Page 7 Rev: 1 Date: 17 December 2019 CERTIFICATE oF QUALIFIED PERSON I, Terre Lane, do hereby certify that: 1. I am currently employed as Principal Mining Engineer by: Global Resource Engineering LTD 600 Grant St Denver CO 80203 2. I am a graduate of Michigan Technological University and received a Bachelor of Science degree in Mining Engineering in 1982. 3. I am a Qualified Professional with MMSA #01407QP and a Registered Member of SME #4053005. 4. I have practiced my profession since 1982 in capacities from mining engineer to senior management positions for engineering, mine development, exploration, and mining companies. My relevant experience for the purpose of this report is as the resource estimator (including geometallurgy) and mine planner, with 25 or more years of experience in each area.
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