SSR Mining and Taiga Gold Announce Friendly Acquisition of Taiga Gold - Seite 2

Benefits to Taiga Gold Shareholders

• All-cash consideration of C$0.265 per Taiga Gold share represents an attractive premium of 36% to Taiga Gold's closing price on the CSE on December 1^st, and a 39% premium to Taiga Gold's 20-day VWAP, solidifying value for Taiga Gold shareholders
• All-cash offer that is not subject to any financing conditions
• Strong shareholder support with voting support agreements from Eagle Plains Resources Ltd. and the management and directors of Taiga Gold, for the common shares, options and warrants held by such parties which collectively represent approximately 19.05% of Taiga Gold's issued and outstanding common shares
• The Transaction provides certainty of value, removing potential future equity dilution as well as exploration, development and execution risk

Tim Termuende, P.Geo., President and CEO of Taiga Gold said "This transaction with SSR Mining fulfils the goal we set out to accomplish upon Taiga Gold's formation in 2018. The diligence and skill of our technical team has allowed Taiga Gold to maximize the value of our portfolio of exploration properties in Saskatchewan, and we are pleased to see those efforts recognized by SSR Mining in today's announcement. Management and the Board of Directors view this transaction as beneficial for all shareholders and a positive culmination of Taiga Gold's efforts to-date."

Overview of Properties

Foto: Accesswire

Figure 1. Regional map showcasing the 6 properties included in the Transaction in relation to SSR Mining's Seabee gold project.

Fisher (33,171 hectares)

• Operated under joint venture by SSR Mining (80%) and Taiga Gold (20%). The Transaction would eliminate a 2.5% NSR royalty on a large portion of the Fisher property
• Contiguous to SSR Mining's Seabee property, with the potential to provide additional ore sources to extend the life of the currently operating Seabee mill
• Recent (September 2021) exploration results announced by SSR Mining at Fisher included 22.99 g/t Au over 1.46 meters at the Mac North target and 10.03 g/t Au over 2.5 meters at the Yin target
• Additional surface sampling results announced (November 2021) by Taiga Gold including 55.62 g/t Au and 33.88 g/t Au at the George East target

Leland (11,761 hectares)