Lowell Copper, Gold Mountain Mining and Anthem United Provide Update on Proposed Business Combination to Create "JDL Gold Corp." - Seite 2

Mr. Hornor has spent more than 16 years in senior executive positions with development and operating mines. From August 2009 until May 31, 2016, Mr. Hornor served as an Executive Vice President at Ivanhoe Mines Ltd. and served as its Executive Vice President of Business Development and Legal since May 2010. Before directly entering the mining business, Mr. Hornor worked as a Senior Associate with the international law firm, Paul, Hastings, Janofsky & Walker, LLP in Tokyo, Japan, representing Japanese clients in various out-bound cross border transactions and top-tier U.S. investment banks.

Updated Technical Report for the Elk Gold Project

In order to support disclosure of the Elk Gold Project for the Joint Circular, Gold Mountain has filed a new technical report dated August 26th, 2016 and entitled "Technical Report on Resources of the Elk Gold Project, Merritt, British Columbia" (the "2016 Technical Report"). The 2016 Technical Report is available on SEDAR and updates the resource estimate from the previously filed technical report on the Elk Gold Project (the "May 2011 PEA"). For a discussion of the sampling, analysis, data verification, quality assurance, quality control and other technical disclosure please refer to the 2016 Technical Report.

The 2016 Technical Report includes updated pit constrained and underground resources ("2016 resources") from those included in the May 2011 PEA, however, it does not include an updated preliminary economic analysis from that included in the May 2011 PEA.

The 2016 pit constrained resource is reported at a cut-off grade of 1.0 grams per tonne gold ("gpt") and includes a measured and indicated ("M&I") resource of 206,800 ounces of gold contained in 1,031,000 tonnes grading 6.24 gpt and an inferred resource of 120,800 ounces of gold contained in 823,000 tonnes grading 4.56 gpt.

The 2016 potential underground resource is reported at a cut-off grade of 5.0 gpt and includes indicated resources of 5,100 ounces of gold contained in 11,600 tonnes grading 13.73 gpt, with no measured resource, and a potential underground inferred resource of 8,800 ounces of gold contained in 273,900 tonnes grading 10.09 gpt.

Resources as of August 22, 2016 have been estimated in accordance with definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum. The 2016 Technical Report was prepared by Robert Wilson, P.Geo, of RGW Geosciences, Gary Giroux P.Eng., M.A.Sc., of Giroux Consultants Ltd., and Antonio Loschiavo, P.Eng., of AKF Mining Services Inc. who are all independent Qualified Persons as defined in NI 43-101. The 2016 resource assumes a metal price of US$1232 per gold ounce and takes into account metallurgical recoveries. There is no certainty that all or any part of the mineral resource will be converted into mineral reserve.