Friday 30th September 2016

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United Mining Group

United Mining Group UMG:CA is a vertically integrated mining company with a profitable mining services division and an option to acquire an 80% interest in the Crescent Silver Mine in Silver Valley, Idaho, the second largest silver district in the world.

As part of its mining services division, UMG provides contract mining, mine remediation and fabrication machining services to silver miners in the district.

The Company is currently earning, through development and operations, an 80% interest in the Crescent Silver Mine adjacent to the Sunshine Silver Mine in the Silver Valley. The Crescent Silver Mine has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK Consulting 43-101 report, March 1, 2010) and currently has an indicated resource of 6.1 million ounces silver (324,000 tons grading 18.7 opt silver) and additional inferred resources of 4.1 million ounces silver (211,000 tons grading 19.5 opt silver).

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