Federal Permit Received To Construct And Operate Hasbrouck Mine

VANCOUVER - West Vault Mining Inc. has received from the Bureau of Land Management (BLM) of a Decision Record (DR) and Finding of No Significant Impact (FONSI) based on the analysis in the Environmental Assessment (EA) for the Hasbrouck Mine located approximately five miles south-west of Tonopah in Esmeralda County, Nevada. The DR signifies completion of requirements under the National Environmental Policy Act ("NEPA") and EA process, and is the final major permitting step to allow construction. The Hasbrouck Mine is planned as phase two of the Hasbrouck Gold Project, with phase one being the fully permitted Three Hills Mine, located one mile west of the town of Tonopah.

"We are very pleased to have completed federal permitting at the Hasbrouck Mine. The completion of construction level permits for both phases of the 100% owned Hasbrouck Gold Project is a significant value addition to the property. This is a big step forward for West Vault Mining. We appreciate the professionalism and hard work of the BLM staff, the staff at all involved state agencies and our environmental consultants," said Peter Palmedo, Chairman of West Vault..

The completion of BLM federal permitting for the phase-two Hasbrouck Mine reduces overall project execution risk considerably. The Hasbrouck Gold Project is one of only a few shovel-ready gold projects in the US South-west. The Hasbrouck Gold Project hosts an estimated 762,000 ounces of Proven and Probable gold Reserves and 10,569,000 ounces of Proven and Probable silver Reserves. In an independent Pre-feasibility Study completed for the Hasbrouck Gold Project in 2016, a gold price of US$1,800 resulted in an estimated after-tax IRR of 92% and a US$295 Million NPV.