TECHNICAL REPORT Report Date: March 21, 2018 Effective Date: February 20, 2018 UPDATED TECHNICAL REPORT FOR ESTIMATED GOLD – SILVER RESOURCES AT LAS CALANDRIAS SANTA CRUZ PROVINCE, ARGENTINA Submitted to: New Dimension Resources Ltd. Qualified Persons: Suite 960 - 789 West Pender Street, Steven Ristorcelli, C.P.G. Vancouver, BC, V6C 1H2 Canada Peter Ronning, P. Eng. Travis Manning, P.E MINE DEVELOPMENT ASSOCIATES MINE ENGINEERING SERVICES CONTENTS 1.0 EXECUTIVE SUMMARY ............................................................................................................. 1 1.1 Location and Ownership ...................................................................................................... 1 1.2 History and Exploration ...................................................................................................... 2 1.3 Geology and Mineralization ................................................................................................ 2 1.4 Metallurgical Testing and Mineral Processing .................................................................... 3 1.5 Resources ............................................................................................................................. 4 1.6 Conclusions and Recommendations .................................................................................... 6 2.0 INTRODUCTION AND TERMS OF REFERENCE ..................................................................... 7 2.1 Project Scope and Terms of Reference ............................................................................... 7 2.2 Frequently Used Terms, Acronyms and Abbreviations ...................................................... 8 3.0 RELIANCE ON OTHER EXPERTS ............................................................................................ 10 4.0 PROPERTY DESCRIPTION AND LOCATION ......................................................................... 11 4.1 Argentine Legal Framework .............................................................................................. 12 4.1.1 Federal State Organization .................................................................................... 12 4.1.2 Mining Properties .................................................................................................. 12 4.1.3 Obligations by the holder of exploration/exploitation permit ............................... 13 4.2 Methodology ...................................................................................................................... 14 4.3 LAS CALANDRIAS I (File Nº 420.323) ......................................................................... 15 4.4 Conclusions and Recommendations .................................................................................. 16 4.5 Location ............................................................................................................................. 16 4.6 Land Area .......................................................................................................................... 16 4.6.1 Discussion of Coordinate System Conversions ..................................................... 17 4.7 Environmental Liabilities and Permitting ......................................................................... 20 4.8 Provincial Restrictions on Mining and Processing in Santa Cruz Province ...................... 21 5.0 ACCESS, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY ........................................................................................................................ 22 5.1 Access ............................................................................................................................... 22 5.2 Climate .............................................................................................................................. 22 5.3 Local Resources and Infrastructure ................................................................................... 22 5.4 Physiography ..................................................................................................................... 23 775-856-5700 210 South Rock Blvd. Reno, Nevada 89502 FAX: 775-856-6053 Updated Technical Report for Estimated Gold – Silver Resources at Las Calandrias New Dimension Resources Ltd. Page ii 6.0 HISTORY ...................................................................................................................................... 25 6.1 Exploration History ........................................................................................................... 25 6.2 Historical Mineral Resource Estimates ............................................................................. 25 7.0 GEOLOGIC SETTING AND MINERALIZATION .................................................................... 26 7.1 Regional Geology .............................................................................................................. 26 7.2 Local Geology ................................................................................................................... 27 7.3 Project Geology ................................................................................................................. 29 7.3.1 Calandria Sur and Calandria Norte ........................................................................ 29 7.3.1.1 Calandria Sur ........................................................................................ 29 7.3.1.2 Calandria Norte ..................................................................................... 32 7.3.2 El Nido Complex ................................................................................................... 33 7.4 Mineralization .................................................................................................................... 36 7.4.1 Mineralization at Calandria Sur and Norte ............................................................ 36 7.4.1.1 Calandria Sur ........................................................................................ 36 7.4.1.2 Calandria Norte Vein ............................................................................ 38 7.4.2 El Nido Targets ...................................................................................................... 39 7.4.2.1 Nido Este .............................................................................................. 39 7.4.2.2 Nido Norte ............................................................................................ 39 7.4.2.3 Post-Model Drilling .............................................................................. 40 7.4.3 Exploration Potential ............................................................................................. 43 8.0 DEPOSIT TYPES IN THE DESEADO MASSIF ........................................................................ 44 9.0 EXPLORATION ........................................................................................................................... 45 9.1 Trenching ........................................................................................................................... 45 9.2 Soil and Rock-Chip Sampling ........................................................................................... 46 9.3 Geologic Mapping ............................................................................................................. 46 9.4 Geophysics ........................................................................................................................ 46 9.4.1 Induced Polarization .............................................................................................. 46 9.4.2 Ground Magnetics ................................................................................................. 48 9.4.3 Controlled Source Audio Magnetotelluric Survey ................................................ 49 9.5 2011 – 2012 Re-Sampling of Drill Core ........................................................................... 50 9.6 Other Exploration Activities .............................................................................................. 50 10.0 DRILLING .................................................................................................................................... 51 10.1 Summary ............................................................................................................................ 51 10.2 Drilling Procedures ............................................................................................................ 54 11.0 SAMPLE PREPARATION, ANALYSES, AND SECURITY ..................................................... 55 11.1 Core Sampling ................................................................................................................... 55 11.2 Density Measurement Procedures ..................................................................................... 56 11.3 Sample Preparation and Assaying ..................................................................................... 56 12.0 DATA VERIFICATION ............................................................................................................... 58 12.1 Geologic Data Check ......................................................................................................... 58 12.2 Database Audit and Checks ............................................................................................... 58 Mine Development Associates U:\Steve\LasCalandrias\Reports\04__2018\43-101\2018LasCalandrias_43-101_v21.docx