SSR Mining and Taiga Gold Announce Friendly Acquisition of Taiga Gold

Transaction Significantly Expands SSR Mining's Presence in Saskatchewan While Consolidating Ownership and Unencumbering the Fisher Properties

DENVER, CO / ACCESSWIRE / December 2, 2021 / SSR Mining Inc. (NASDAQ:SSRM)(TSX:SSRM)(ASX:SSR) ("SSR Mining" or the "Company") and Taiga Gold Corp. (CSE:TGC) ("Taiga Gold") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement (the "Transaction") at a price of C$0.265 per Taiga Gold share (the "Offer Price"). The Transaction implies an equity value of approximately C$27 million (US$21 million) on a fully diluted in-the-money basis and has been unanimously approved by the Board of Directors of each of SSR Mining and Taiga Gold.

The Offer Price represents a premium of approximately 36% to the closing price of the Taiga Gold common shares on the Canadian Securities Exchange ("CSE") on December 1^st, 2021, the day prior to the announcement of the Transaction, and a premium of 39% to the 20-day VWAP of the Taiga Gold common shares traded on the CSE prior to announcement of the Transaction.

Strategic Rationale for SSR Mining

• As the only gold producer in the highly prospective province of Saskatchewan, the Transaction materially expands SSR Mining's presence in a core jurisdiction by adding five new properties (34,569 hectares), which provide new exploration targets stretching south from the Seabee mine to SSR Mining's 100%-owned Amisk property. The Company will leverage its existing teams and infrastructure to advance the development of the newly acquired assets
• Consolidates a 100% interest in the Fisher property contiguous to the Seabee mine, currently operated under joint venture comprised of SSR Mining (80%) and Taiga Gold (20%)
• Unencumbers the Fisher property through the elimination of a 2.5% net smelter return ("NSR") royalty covering the majority of the Fisher property
• The Fisher property provides future potential ore sources to extend the operating life of the Seabee property, particularly given the excess capacity at the Seabee mill and the recently completed tailings facility expansion which provides capacity through 2031 at current production levels

Rod Antal, President and CEO said, "With this transaction, we will successfully redeploy a portion of the proceeds from the recent non-core royalty portfolio sale into new growth opportunities in a core jurisdiction. The acquisition of Taiga Gold reiterates our commitment to the Seabee gold mine and ongoing investment for future resource discoveries as we aim to extend Seabee's mine life into the next decade. Additionally, the acquisition of new greenfields exploration properties across the province of Saskatchewan should allow SSR Mining to build upon our regional expertise in a region we consider exceptionally prospective geologically and underexplored."