InnovExplo Inc. Consultants – Mines – Exploration 560, 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4 Telephone: 819-874-0447 Facsimile: 819-874-0379 Toll-free: 1-866-749-8140 TECHNICAL REPORT FOR THE QUEBEC WESDOME PROJECT (according to National Instrument 43-101 and Form 43-101F1) Project Location Latitude 48°08' North and Longitude 77°54' West Province of Quebec, Canada Prepared for Wesdome Gold Mines Limited 8 King St. East, Suite 1305 Toronto, Ontario M5C 1B5 Canada Prepared by: Bruno Turcotte, P.Geo. Denis Gourde, Eng. Pierre-Luc Richard, P.Geo. InnovExplo Inc. Effective Date: December 16, 2015 Signature Date: December 16, 2015 www.innovexplo.com TABLE OF CONTENTS SIGNATURE PAGE – INNOVEXPLO ........................................................................................................ 12 CERTIFICATE OF AUTHOR - BRUNO TURCOTTE ................................................................................. 13 CERTIFICATE OF AUTHOR – DENIS GOURDE ...................................................................................... 14 CERTIFICATE OF AUTHOR – PIERRE-LUC RICHARD .......................................................................... 15 1. SUMMARY .......................................................................................................................................... 16 1.1 Introduction .................................................................................................................................. 16 1.2 Property Description and Location .............................................................................................. 16 1.3 Environment ................................................................................................................................ 17 1.4 Geological Setting ....................................................................................................................... 17 1.5 Deposit Type ............................................................................................................................... 17 1.6 Mineralization .............................................................................................................................. 18 1.7 Main Exploration Guides Related to Gold Mineralization ........................................................... 19 1.8 Drilling ......................................................................................................................................... 20 1.9 Quality Control from surface drilling programs ............................................................................ 20 1.10 Mineral Resources Estimate ....................................................................................................... 21 1.11 Interpretation and Conclusions ................................................................................................... 25 1.12 Exploration Potential for New Mineral Resources ....................................................................... 25 1.12.1 Potential of mineralized zones related to historical resources ............................................ 25 1.12.2 Potential of the studied mineralized zones ......................................................................... 26 1.13 Potential of Mineralized Zones on Adjacent Properties .............................................................. 26 1.14 Risks and Opportunities .............................................................................................................. 26 1.15 Recommendations ...................................................................................................................... 29 1.15.1 3D-GIS geological model .................................................................................................... 29 1.15.2 Mineral resource upgrade ................................................................................................... 29 1.15.3 Drilling ................................................................................................................................. 29 1.15.4 Environment ........................................................................................................................ 29 1.15.5 Recommended work program ............................................................................................. 30 2. INTRODUCTION ................................................................................................................................. 32 2.1 The Issuer ................................................................................................................................... 32 2.2 Terms of Reference and Scope of Work ..................................................................................... 32 2.3 Qualified Persons ........................................................................................................................ 33 2.4 Principal Sources of Information ................................................................................................. 33 2.5 Effective Date .............................................................................................................................. 33 2.6 Units and Currencies ................................................................................................................... 33 3. TARGET DEFINITIONS ...................................................................................................................... 34 4. PROPERTY DESCRIPTION AND LOCATION .................................................................................. 35 4.1 Location ....................................................................................................................................... 35 4.2 Mining Rights in the Province of Québec .................................................................................... 35 4.3 Current Property Description ....................................................................................................... 35 4.4 Historical Property Description .................................................................................................... 35 4.4.1 Lamothe property ................................................................................................................ 40 4.4.2 Vassan property .................................................................................................................. 40 4.4.3 Yankee Clipper property ..................................................................................................... 40 4.4.4 Wesdome property .............................................................................................................. 40 4.4.5 Callahan property ................................................................................................................ 40 4.4.6 Siscoe and Siscoe-Extension properties ............................................................................ 41 4.4.7 Lac de Montigny property .................................................................................................... 41 TECHNICAL REPORT FOR THE QUEBEC WESDOME PROJECT 2 www.innovexplo.com 4.4.8 Maufort property .................................................................................................................. 41 4.4.9 Lac Dubuisson property ...................................................................................................... 41 4.4.10 Kiena property ..................................................................................................................... 42 4.4.11 Kiena West property ............................................................................................................ 42 4.4.12 Rosenbaum property ........................................................................................................... 42 4.4.13 Dubuisson property ............................................................................................................. 42 4.4.14 Audet Block property ........................................................................................................... 43 4.4.15 Elmac property .................................................................................................................... 43 4.4.16 Kiena South Block property ................................................................................................. 43 4.4.17 Roy Option property ............................................................................................................ 43 4.4.18 Shawkey property................................................................................................................ 44 4.4.19 School Mine property .......................................................................................................... 44 4.4.20 Joubi property ...................................................................................................................... 44 4.4.21 Other mining titles ............................................................................................................... 45 4.5 Environmental Studies ................................................................................................................ 48 4.5.1 Study area ........................................................................................................................... 48 4.5.2 Fauna .................................................................................................................................