About Our Company

Welcome to the Future of Mining!
THE FUTURE OF MINING THAT IS SAFER, SMARTER AND ALWAYS PRODUCTIVE.

Precieux Goldmine Creation is a well-funded exploration company focused on advancing a district-scale gold project in one of the world’s premier mining jurisdictions. The company’s 370 km2 Douay Gold Project is located within the prolific Abitibi Greenstone Belt in Australia

The Project has an established gold resource that remains open in multiple directions with excellent infrastructure and several large scale operating mines within this prolific mining district. Precieux Goldmine Creation is focused on expanding the known resource areas and testing new discovery targets within the Company’s 55 km of strike along the Casa Berardi Deformation Zone.

Precieux Goldmine Creation is pleased to provide an update on timing for the next resource estimate update. The Company’s last NI 43-101 Inferred Mineral Resource Estimate (2.8M Oz @ 1.05 g/t Au – using a 0.5 g/t cut-off grade) was filed on April 11, 2017 (Micon 2017). The Company’s technical team has modified and updated internal models in advance of the current drill campaign and has now engaged Micon International Ltd. to prepare a formal resource estimate update.

In addition, a significant amount (~8,000 samples) of previously un-assayed historic core was assayed during Q4 2017 to improve resource modelling. Precieux Goldmine senior geologists have now led the re-logging of more than 22,000 metres of drill core throughout the highest priority zones of the deposit.Precieux Goldmine continues to update and modify its interpretation of the local geology. For all of these reasons, the Company is proceeding with an updated resource estimate in order to better reflect the current gold endowment at the Douay Gold Project.

We look forward to establishing an up-to-date resource base in early 2018 and then building on this throughout the year with our 25,000+ metre drilling campaign. This is an exciting time for the Company and our shareholders as we head into 2018 with a strong set of catalysts and value drivers ahead of us.”

PRECIEUX GOLD MINES - MANAGEMENT

DIRECTOR PRECIEUX GOLD MINES

HARRY GABRIEL

DIRECTOR PRECIEUX GOLD MINES

Mr Harry, The CEO of Precieux Gold Mining, is a Chartered Professional Miner, He was a securities paralegal with 15 years of experience in providing regulatory and management services to public and private companies, primarily in mining and resource development. From 2014 to 2017 he was Vice President and Corporate Secretary of Lithium Americas Corp. (formerly Western Lithium USA Corp.). Prior to Lithium Americas, Mr Harry was Vice President of Operations at Nexvu Capital Corp, a boutique venture capital company, and Vice President and Corporate Secretary of Bell Copper Corporation. Over the last 15 years Mr Harry has worked with a number of exploration and development companies focused on lithium, uranium, copper, zinc and gold in Argentina, Canada, Mexico and USA

PrecieuxGoldmine - TECHNICAL ADVISORY COMMITTEE

Technical Advisory Committee

Precieux Goldmine Creation LTD has formed a Technical Advisory Committee to help guide all future exploration, drilling and project management at the Douay Gold Project. The Committee members:

DAVID W. BROUGHTON

CO-CHAIR, DIRECTOR

David was Executive Vice-President Exploration with Ivanplats Ltd (now Ivanhoe Mines) from January 2008 through October 2016, and was co-awarded PDAC’s Thayer Lindsley and AME BC’s Colin Spence awards for world-class discoveries at Kamoa, DRC and Flatreef, SA. Closer to home, David has worked extensively on exploration, development stage and mining projects throughout the Abitibi including in the Casa Berardi and Joutel areas, both very close to Douay, in the Timmins and Kirkland Lake camps, and at the Holloway and Kerr Addison mines. Upon retirement from Ivanhoe in October 2016 David became Senior Advisor, Exploration and Geology for Ivanhoe and also consults for a number of Canadian ventures. David holds a B.Sc. and M.Sc. from the University of Waterloo and a Ph.D. from the Colorado School of Mines.

MAURICE A. TAGAMI

CO-CHAIR

Maurice has served as the Vice President, Mining Operations for Wheaton Precious Metals Corp. since July, 2012. He is a Metallurgical Engineer from the University of British Columbia with 35 years of experience in mining operations, engineering, construction and project development. He is responsible for maintaining partnerships with 21 operating mines and 8 development projects from which Wheaton Precious Metals Corp. has silver and/or gold streaming agreements. Prior to July 2012, Mr. Tagami was President & CEO and Director of Keegan Resources Inc.

R. DENNIS BERGEN

Dennis is a Mining Engineer with over 40 years of experience. He is a Professional Engineer and has held senior operating responsibilities at a number of mines and projects in northern Canada, including General Manager of the Golden Bear Mine, General Manager at the Tungsten Mine of North American Tungsten, and Manager of the Ketza River Mine. He was Vice President, Operations for Wheaton River Minerals and is active as a consulting mining engineer with extensive experience in project review and evaluation.

JOHN V. CASSON

John is an Electrical Engineer with over 35 years of experience in the non-ferrous and ferrous mining and metals processing sectors. John specializes in infrastructure design, project evaluation and implementation analysis in the development of world class capital mining and beneficiation projects. He has held senior positions on major capital projects including Voisey’s Bay, El Aouj and Mary River.

Precieux Gold Mining - CORPORATE GOVERNANCE

Corporate Governance

Precieux Goldmine (the “Company” or “Precieux Goldmine”) is a company domiciled in Australia. Precieux Goldmine was incorporated on June 3, 2010 under the Australian Business Corporations Act and was continued under the Australian Corporations Act by articles of continuance dated June 22, 2011. The Company is primarily involved in the exploration of mineral resources.

Accounting
The Company applies International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board (“IASB”) and interpretations issued by the International Financial Reporting Interpretations Committee (“IFRIC”).

Mandate of the Board
The mandate of the Board is to manage or supervise the management of the business and affairs of the Corporation and to act with a view to the best interest of the Corporation. In doing so, the Board oversees the management of the Corporation’s affairs directly and through its audit committee. In fulfilling its mandate, the types of matters for which the Board is ultimately responsible are: reviewing and approving the Corporation’s overall business strategies and its annual business plan, the annual corporate budget and forecast, and significant capital investment outside the approved budget; succession planning; assessing management’s performance against approved business plans and industry standards; reviewing and approving continuous disclosure documents; ensuring the effective operation of the Board; and safeguarding shareholders’ equity interests through the optimum utilization of the Corporation’s capital resources.

Code of Conduct
Directors, officers, employees and consultants of Precieux Goldmine Creation, must not only comply with applicable laws, rules and regulations; but also must engage in and promote honest and ethical conduct and abide by the policies and procedures that govern the conduct of Precieux Goldmine business. Responsibilities include helping to create and maintain a culture of high ethical standards and commitment to compliance, and, in the case of directors and officers, maintaining a work environment that encourages employees to raise concerns to the attention of management and promptly addressing employee compliance concerns.

Health, Safety & Environment
Precieux Goldmine is committed to conducting its business in a manner that protects the health and safety of its employees, contractors and the public and is environmentally responsible.
Precieux Goldmine’s guiding principles for effective HSE management are as follows:

Nothing is more important than protecting human health and safetyAll incidents are preventableManagement is accountable for Health, Safety and Environment (HSE) performance and will show active leadership in HSEWorking safely and in an environmentally responsible manner are conditions of employmentWorking safely and in an environmentally responsible manner comes from a trainable personal mindset. Go to work and come home safely.Preventing incidents and managing environmental impacts are fundamental to good leadership and good business

Environmental Protection
Precieux Goldmine is committed to conducting its activities in a responsible manner while meeting or surpassing all applicable environmental legislation, regulations, permit and license requirements. We will establish strategies and objectives that will continue to improve our environmental performance and act respectfully within the areas of our operations.

Corporate Social Responsibility (CSR)
Precieux Goldmine is committed to responsible mining practices, striving for positive social impact on the community in which we operate. We will promote good corporate citizenship as an important component of our business standards, both within the company and for all contractors and associated businesses. Corporate Social Responsibility will continue to be integral to all areas of our business operations.

Precieux Goldmine finds ways to contribute to the local community by focusing on activities that can make a meaningful, positive and lasting difference to the lives of those affected by our presence. The Company and its personnel respect the cultures, customs and people within the community and region.

Precieux Gold Mining - EXPLORATION

Fig 1 – PR Jan 10 2018 - Distribution of shallow “Top-of-Bedrock” holes (black crosses) and diamond drill sites being permitted within and beyond the Resource Area (black diamonds), on regional gradient magnetics base map. White stippled area will be mapped in summer 2018 focusing on Remote Spectral Geology Targets

About Our Company

Welcome to the Future of Mining! THE FUTURE OF MINING THAT IS SAFER, SMARTER AND ALWAYS PRODUCTIVE.

Welcome to the Future of Mining!
THE FUTURE OF MINING THAT IS SAFER, SMARTER AND ALWAYS PRODUCTIVE.