NI 43-101 Technical Report Indé Project Indé, Durango, Mexico Prepared for: ECI EXPLORATION & MINING Prepared by: Effective Date: May, 31, 2016 Report Date: August 19, 2016 Zachary Black, SME-RM 4156858; Kevin Gunesch, PE; Terre Lane MMSA; Rick Moritz MMSA Indé Project Indé Global Resource Engineering | 600 Grant St. #975 | Denver, Colorado 80203 USA Kevin J. Gunesch Principal Mining Engineer Global Resource Engineering, Ltd 600 Grant St. #975 Denver, Colorado 80203 Telephone: 303-547-6587 Email: [email protected] CERTIFICATE of AUTHOR I, Kevin J. Gunesch do hereby certify that: 1. I am currently employed as Principal Mining Engineer by Global Resource Engineering, Ltd at: 600 Grant St. #975 Denver, Colorado 80203 2. I am a graduate of the Colorado School of Mines with a Bachelor of Science degree in Mining Engineering (2000). 3. I am a registered Professional Engineer in the State of Alabama (27448). 4. I have worked as a Mine Engineer for a total of 16 years since my graduation from university, as an employee as of several mining companies and as a consulting engineer. 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 am responsible for the preparation of the technical report titled “NI 43-101 Technical Report NI 43-101 Technical Report Indé Project” with an effective date of May 31, 2016 (the “Technical Report”) with specific responsibility for overall organization, preparation and review of this technical report. I conducted a personal 5-day visit of the subject property in April 2016. 7. I have personally completed an independent review and analysis of the data and written information contained in this Technical Report. 8. As of the date of this certificate, to the best of my knowledge, information, and belief, this Technical Report contains all the scientific and technical information that is required to be disclosed to make this Technical Report not misleading. 9. I have not had prior involvement with the properties that are the subject of the Technical Report. 10. I am independent of the issuer applying all of the tests in Section 1.5 of National Instrument 43- 101. 11. I have read National Instrument 43-101 and Form 43-101, and the Technical Report has been prepared in compliance with that instrument and form. 12. I consent to the filing of the Technical Report with any stock exchanges or other regulatory authority and any publication by them, including electronic publication in the public company files on the websites accessible by the public, of the Technical Report. Dated this 19th day of August 2016 Kevin J. Gunesch (Signature) Signature of Qualified Person “Kevin J. Gunesch” . Print name of Qualified Person Zachary J. Black Geological Engineer Hard Rock Consulting, LLC 7114 W. Jefferson Ave, Suite 308 Lakewood, Colorado 80235 Telephone: 303-974-7946 Email: [email protected] CERTIFICATE of AUTHOR I, Kevin J. Gunesch do hereby certify that: 1. I am currently employed as Director of Resource Geology at Hard Rock Consulting, LLC: 7114 W. Jefferson Ave, Suite 308 Lakewood, Colorado 80235 2. I am a graduate of the University of Nevada with a Bachelor of Science degree in Geological Engineering, and have practiced my profession continuously since 2005. 3. I am a registered member of the Society of Mining Metallurgy and Exploration (No. 4156858RM). 4. I have worked as a Geological Engineer/Resource Estimation Geologist for a total of 11 years since my graduation from university, as an employee as of a major mining company, a major engineering company, and as a consulting engineer. 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 am responsible for the preparation of the technical report titled “NI 43-101 Technical Report NI 43-101 Technical Report Indé Project” with an effective date of May 31, 2016 (the “Technical Report”) with specific responsibility for Sections 7, 8, and 14. 7. I have personally completed an independent review and analysis of the data and written information contained in this Technical Report. 8. As of the date of this certificate, to the best of my knowledge, information, and belief, this Technical Report contains all the scientific and technical information that is required to be disclosed to make this Technical Report not misleading. 9. I have not had prior involvement with the properties that are the subject of the Technical Report. 10. I am independent of the issuer applying all of the tests in Section 1.5 of National Instrument 43- 101. 11. I have read National Instrument 43-101 and Form 43-101, and the Technical Report has been prepared in compliance with that instrument and form. 12. I consent to the filing of the Technical Report with any stock exchanges or other regulatory authority and any publication by them, including electronic publication in the public company files on the websites accessible by the public, of the Technical Report. Dated this 19th day of August 2016 Zachary J. Black (Signature) Signature of Qualified Person “Zachary J. Black” . Print name of Qualified Person Terre A. Lane Principal Mining Engineer Global Resource Engineering, Ltd 600 Grant St. #975 Denver, Colorado 80203 Telephone: 720-373-5911 Email: [email protected] CERTIFICATE of AUTHOR I, Terre A. Lane do hereby certify that: 1. I am currently employed as Principal Mining Engineer by Global Resource Engineering, Ltd at: 600 Grant St. #975 Denver, Colorado 80203 2. I am a graduate of the Michigan Technology University with a Bachelor of Science degree in Mining Engineering in 1982. 3. I am a Qualified Professional with MMSA, member number 01407QP in Ore Reserves and Mining. 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. I have been involved in the estimation of resources and mine design for several hundred projects at locations in North America, Central America, South America, Africa, Australian/New Zealand, India, China, Russia and Europe. My relevant experience for the purpose of this technical report is as the resource estimator and mine engineer with over 30 years of experience. 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 am responsible for the preparation of the technical report titled “NI 43-101 Technical Report NI 43-101 Technical Report Indé Project” with an effective date of May 31, 2016 (the “Technical Report”) with specific responsibility for Sections 14 and 16. I have not visited the property. 7. I have personally completed an independent review and analysis of the data and written information contained in this Technical Report. 8. As of the date of this certificate, to the best of my knowledge, information, and belief, this Technical Report contains all the scientific and technical information that is required to be disclosed to make this Technical Report not misleading. 9. I have not had prior involvement with the properties that are the subject of the Technical Report. 10. I am independent of the issuer applying all of the tests in Section 1.5 of National Instrument 43- 101. 11. I have read National Instrument 43-101 and Form 43-101, and the Technical Report has been prepared in compliance with that instrument and form. 12. I consent to the filing of the Technical Report with any stock exchanges or other regulatory authority and any publication by them, including electronic publication in the public company files on the websites accessible by the public, of the Technical Report. Dated this 19th day of August 2016 Terre A. Lane (Signature) Signature of Qualified Person “Terre A. Lane” . Print name of Qualified Person Richard D. Moritz Principal Mining Engineer Global Resource Engineering, Ltd 600 Grant St. #975 Denver, Colorado 80203 Telephone: 303-704-2589 Email: [email protected] CERTIFICATE of AUTHOR I, Richard D. Moritz do hereby certify that: 1. I am currently employed as Principal Mining and Process Engineer by Global Resource Engineering, Ltd at: 600 Grant St. #975 Denver, Colorado 80203 2. I am a graduate of the University of Nevada, Reno with a Bachelor of Science degree in Mining Engineering in 1979 and a MBA in 1987. 3. I am a Qualified Professional with MMSA, member number 01256QP in Metallurgy/Processing, and Mining. 4. I have practiced a Mine and Process Engineer for over 20 years since my graduation from university I have worked for several mine and process engineering companies, a royalty company, and several mining companies over the course of my career. I have been involved with review, design, engineering, construction, startup, and operations for numerous mines. 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.