Stock Information

The Volta Grande Project's current mineral resources are divided into two areas: the North Block and the South Block. The North Block comprises four zones: Ouro Verde, Junction, Grota Seca, and Greia. The South Block is situated approximately 10 kilometers to the south-east. An updated mineral resource and reserve estimate for selected zones in the North Block were prepared by SRK Consulting in conjunction with the Feasibility Study during the first quarter of 2015, with the details listed below. The most recent mineral resource estimate for the South Block was prepared by SRK Consulting in March 2014. The associated technical report is accessible on Belo Sun’s profile at www.sedar.com.

Volta Grande Mineral Resources, March 2015

(North Block Area, including Ouro Verde, Junction, Grota Seca and Greia zones)

Classification Tonnes Gold Grade (g/t) Contained Gold (oz)
Measured 44,080,000 1.07 1,512,000
Indicated 112,518,000 0.95 3,444,000
Measured & Indicated 156,593,000 0.98 4,956,000
Inferred 39,767,000 0.90 1,151,000
*Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates. Open pit mineral resources are reported at a cut-off grade of 0.4 g/t Au (based on a gold price of $1,400/oz). Please note that the Volta Grande mineral reserves reported in the Feasibility Study dated March 2015 are included in the mineral resources. The Qualified Person responsible for the preparation of the mineral resource is Dr. Jean-Francois Couture, P.Geo., and Dr. Oy Leuangthong, P.Eng. of SRK Consulting (Canada) Inc.