September 2014 Mineral Resource Estimate Report of the Islands of Nonoc, Awasan, and Hanigad and Part of South Dinagat for Pacific Nickel Philippines Inc. (PNPI) MPSA No. 072-1997-XIII Provinces of Surigao del Norte and Dinagat Islands ROGEL A. SANTOS, PhD Geochemist/Economic Geologist Geologist – PRC No. 1022 Competent Person – CP No. 12- 10-12 INERAL RESOURCE ESTIMATE REPORT FOR PACIFIC NICKEL PHILIPPINES INCORPORATED (PNPI) September 2014 CERTIFICATE AND CONSENT OF THE COMPETENT PERSON I, Rogel A. Santos, B.S. Geo, M.S. and Ph.D. Geochemistry and Economic Geology; post- PhD in Environmental Geochemistry, hereby certify that: I am a Registered Professional Geologist under the Philippine Professional Regulatory Commission (PRC) with license number PRC-1022 and am an active member of the Geological Society of the Philippines since 1985; I am a Competent Person (CP) under the Philippine Mineral Reporting Code (PMRC) system with CP number - 12-10-12 and recently elected as Secretary of the Competent Person Accreditation Committee (CPAC); I am continuously practicing my profession for more than 25 years and my expertise is further supplemented by my graduate degrees, Master of Science, Doctor of Science, and post- Doctoral Fellowship, at the University of Tokyo after having my Bachelor of Science degree in Mapua Institute of Technology; For the purposes of this Technical Report I serve as a Competent Person as defined in the PMRC with business address at 106 Cotabato St., Bago Bantay, Quezon City, Phillipines and email address and mobile number –
[email protected]; +639399155580; I am responsible for the preparation of the entirety of this report though geostatistical runs of analytical data are on a contracted basis with my full supervision.