Goldboro 2021 Feasibility Study: A Robust Open Pit Project

Goldboro 2021 Feasibility Study: A Robust Open Pit Project C$328 MILLION, IRR 25.5% AFTER-TAX NPV 5% (US$1,600/oz Gold Price) ~11 YEARS OPEN PIT LOM MINE LIFE 100,000 OUNCES AVERAGE ANNUAL LOM GOLD PRODUCTION C$271 MILLION INITIAL CAPITAL 1.2 NPV TO INITIAL CAPITAL AFTER-TAX IRR (US$1,600/oz Gold Price) 95.8% AVERAGE GOLD RECOVERY US$773 per OUNCE LOM OPERATION CASH COSTS PER OUNCE US$849 per OUNCE LOM AISC PER OUNCE TSX: SGNL | OTCQX: SGNLF SIGNAL -GOLD- 7

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