1 April 2015
TMAC Resources Inc. (“TMAC” or the “Company”), the Kitikmeot Inuit Association (“KIA”), and Nunavut Tunngavik Inc. (“NTI”) are pleased to announce that they have entered into 20 year benefit and land tenure agreements (collectively the Hope Bay Belt Agreements), that cover the Inuit Owned Land surface and sub-surface titles for the Hope Bay Belt. This landmark event which celebrates the securing of such a comprehensive agreement package provides TMAC with the certainty of long term land tenure required to de-risk, and ultimately develop and mine, the Hope Bay Belt in a geopolitically stable, modern mining jurisdiction. In addition, it provides Inuit beneficiaries with financial and socio-economic benefit certainty from mining development and production on Inuit Owned Land in the Kitikmeot Region, Nunavut, including a Net Smelter Return Royalty (“NSR”) and share ownership in TMAC.