Independent Technical Report for the Mandiana Gold Project, Guinea Report Prepared for Volcanic Metals Corp. Report Prepared by SRK Consulting (Canada) Inc. 3CR013.002 December 23, 2016 3CR013.002 – Volcanic Metals Corp. Independent Technical Report for the Mandiana Gold Project, Guinea Page i Independent Technical Report for the Mandiana Gold Project, Guinea Volcanic Metals Corp. 24549-53rd Avenue Langley, British Columbia, Canada V2Z 1H6 Tel: +1 604 856 9887 Fax: +1 604 319 0447 SRK Consulting (Canada) Inc. Suite 1300, 151 Yonge Street Toronto, Ontario, Canada M5C 2W7 E-mail:
[email protected] Website: www.srk.com Tel: +1 416 601 1445 Fax: +1 416 601 9046 SRK Project Number 3CR013.002 Effective date: November 08, 2016 Signature date: December 23, 2016 Authored by: [“Signed and Sealed”] [“Signed and Sealed”] Oy Leuangthong, PhD, PEng Martin Pittuck, PhD, PGeo Principal Consultant (Geostatistics) Corporate Consultant (Geology) SRK Consulting (Canada) Inc. SRK Consulting (UK) Limited Peer Reviewed by: [“Signed and Sealed”] Glen Cole, PGeo Principal Consultant (Resource Geology) SRK Consulting (Canada) Inc. Cover: Typical landscape in the project area near village of Moroudo, Guinea. Source: http://static.panoramio.com/photos/large/84066885.jpg, accessed Aug. 5, 2016 OL / mp – SRK Team Volcanic_Mandiana_FINAL_TR_3CR013002_SRKTeam_20161223.docx December 23, 2016 3CR013.002 – Volcanic Metals Corp. Independent Technical Report for the Mandiana Gold Project, Guinea Page ii IMPORTANT NOTICE This report was prepared as a Canadian Securities Administrators National Instrument 43-101 Standards of Disclosure for Mineral Projects Technical Report for Volcanic Metals Corp. (Volcanic) by SRK Consulting (Canada) Inc. (SRK). The quality of information, conclusions, and estimates contained herein are consistent with the quality of effort involved in SRK’s services.