Republic of the Department of Environment and Natural Resources MINES AND GEOSCIENCES BUREAU Employment Region: Region VIII TECHIRON RESOURCES, INC. TRI believes that the employees are its most important Province: Eastern resource. As of September 30, 2017, the Company has a total Municipality: (Chromiteking-Techiron Homonhon of 374 employees. Barangays: 60 Employee Demographics Population of Guiuan (as of 2015): Mining Project) The 326 or 87% of the total employees are from the host Population: 52,991 barangays of Cagusu-an, Casuguran, Pagbabangnan and the Density: 300/km2 (780/sq mi) Quick facts neighboring barangays of Bitaugan, Canawayon, Culasi, Land Area: 175.49 Square Kilometers Habag, and Inapulangan, all located in the Island of Income Classification: First Class Municipality Homonhon. This clearly exemplifies the commitment of the company to give employment priority and opportunity to the Major Economic Activities: The Philippine government residents of the island. Structure of the Local Economy A. The Primary Sector promotes the rational The 16 or 4% are from the mainland or Municipality of Guiuan.

Agricultural Crops exploration, development, While 32 or 9% are from the islands of , and Agricultural Croplands . Most of this group belong to the managerial and B. The Secondary Sector utilization and conservation of supervisory level highly skilled and technical positions.

Manufacturing mineral resources guided by its From December 2016 to April of 2017, there was ramp-up for Construction an additional of 349 casual/project based employees hired. Mining and Quarrying commitment to responsible This is to answer to the manpower requirement of the Electricity, gas and Water company’s additional activities. The manpower then rose to minerals development. 627. C. The Tertiary Sector Equal Opportunity Employer Financial Institutions 125°42'0"E 125°42'30"E 125°43'0"E 125°43'30"E 125°44'0"E 125°44'30"E 125°45'0"E 125°45'30"E 125°46'0"E 125°46'30"E 125°47'0"E 125°47'30"E 125°48'0"E 125°48'30"E 125°49'0"E Passenger Port TRI gives opportunities to women to work. The current &P Wholesale and Retail Trade Cagusuan CHROMITEKING N " N " (PARCEL 2) 0 0 3 '

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0 CHROMITEKING (TRI Parcel 2) ' Philippine Transverse Mercator Zone 5 0 0 Corner Longitude Latitude 4 ° 4 Luzon Datum ° Chromiteking (TechIron Res. Inc.) 0 0 April 2016 1 1 Cambayas_MPSA Filepath: D:\GIS Data\Homonhon\Mine_Claims\ Source: Wikipedia Cambayas_Contractors_LuzonDatum_Apr_23_2016.mxd Prepared by:JRParreno Requested by: SMSantos &P Homonhon Ports Date: April 23, 2016 The Philippine government ensures Area 2,011.60 Area 1,484.67 Hectares Area 20.00 Hectares Mining Project General Information 125°42'0"E 125°42'30"E 125°43'0"E 125°43'30"E 125°44'0"E 125°44'30"E 125°45'0"E 125°45'30"E 125°46'0"E 125°46'30"E 125°47'0"E 125°47'30"E 125°48'0"E 125°48'30"E 125°49'0"E the adequate protection of the Mineral Production Sharing environment, before, during mining Agreement (MPSA) Contractor: Economic Contribution operations and beyond the life of the Chromiteking, Inc. (Partial Deed of Mining Investments mine. Assignment by Cambayas Mining USD23 million or PhP1.1 billion (estimated, Social Development and Management Corporation duly approved on May 18, as of December 2016) Program 2016) For Calendar Year (CY) 2016, The company had a total budget Gross Output of PhP3.8 million. Mining Tenement: MPSA No. 39,500 metric tons of chromite concentrate The three (3) host barangays of Cagusu-an, Pagbabangnan, 292-2009-VIII-Amended B (sold and in stock) worth USD5.1 million in Casuguran and neighboring barangays of Canawayon, and

Date Approved (MPSA): October 23, the market (estimated, 2016) Culasi benefited from the implementation of the Program/ Projects/Activities (P/P/A). In actual implementation, the total 2009 Exports amount expended amounts to PhP4.6 million

Date of Expiration (MPSA): October 28,100 metric tons worth USD3.6 million Applying the “best practices” as part of corporate governance TRI extended its assistance to communities, groups/ 22, 2034 (estimated, 2016) organizations and individuals in need outside of its SDMP thru China is the company’s major market. its Corporate Social Responsibility (CSR). For CY2016, the Term of MPSA: 25 years and CSR amounts to PhP275,608. renewable for another term not Taxes & Fees Paid (2016) For CY2017, the approved Annual SDMP amounts to PhP5.020 exceeding 25 years PhP14 million million, of which the PhP3.816 million was based on the 1.5% of CY2016 operating cost and an additional fund amounting to Contract Area: 1,500 hectares Amount of national and local taxes, fees and PhP1.205 million was allocated for the implementation of the royalties generated and contributed to the other projects identified by the Host and neighboring Registered Operator: Techiron barangays. Philippine economy Resources, Inc. (TRI) Environmental Protection and Date Approved (Operating Employment (2016) Enhancement Program Agreement): December 22, 2015 Total labor cost spent on mining and milling For CY2016 Annual EPEP (AEPEP), TRI’s implemented activities totaled Php39.9 million. environmental program amounted to PhP16.2 million. Location: Homonhon Island, For CY2017, the appoved AEPEP amounts to PhP 8.6 million. Municipality of Guiuan, Province of Rehabilitation Program TRI aims to have minimal area for rehabilitation. Progressive Mineral Commodity: Chromite and Rehabilitation is currently being implemented in its operation. Social Equity and Development other associated mineral deposits. TRI is currently maintaining a 3,000sq.m. nursery that has a capacity to propagate up to 30,000 seedlings. Currently, the Mineral Resource: 56 million tons The Philippine government recognizes nursery produced 15,377 seedlings of assorted endemic (Indicated + Measured) @ the rights and participation of the species and maintains a composting facility that produced up to 12, 340 kilos of organic fertilizer. 4.22%Cr2O3%, 0.59%Ni and communities and Indigenous Peoples In the mine and processing plant area, TRI constructed 45.51%Fe of Chromite Ore (based on and ensures the fair and equitable embankments and installed coco coir in the slopes of its active PMRC Report signed by Mr. Jaime C. mining area. sharing of benefits among the Zafra on May 10, 2016 ) company, the government and host Mining Forest Program Office Address: Unit 2204 President communities. For CY2016, the TRI Mining Forest Program implemented is around 1.13 hectares and provided donations of around 9,429 Tower, #81 Timog Avenue, Diliman, seedlings to schools, tree planting activities and Quezon City, 1103 neighboring mining company.

Company Structure: 60% Filipino, For the National Greening Program of the government, the area committed is around 16.22 Hectares. 2.5% Macanese, 37.5% Swiss For the first half of CY2017, the TRI Mining Forest program implementation amounts to PhP485,750.00. “Mining shall be pro-people and pro-environment in sustaining wealth creation and improved quality of life” © Mines and Geosciences Bureau June 2017