| • | the term "metric tonne" means 1000 kilograms or 2204.62 pounds |
|---------|----------------------------------------------------------------|

| • | the term "pound" (lb) means pound avoirdupois, equal to 453.593 grams |
|---------|-----------------------------------------------------------------------|

| • | the term "ounce" (oz) means ounce troy, equal to 31. 1035 grams |
|---------|-----------------------------------------------------------------|

| • | the term "g/t" means grams per dry metric tonne |
|---------|-------------------------------------------------|

| • | the term "wet metric ton" or "(wmt)" means metric tonne, wet basis |
|---------|--------------------------------------------------------------------|

| • | the term "dry metric ton" or "(dmt)" means metric tonne, dry basis |
|---------|--------------------------------------------------------------------|

| • | the term "unit" means 1% of a dry metric ton |
|---------|----------------------------------------------|

| • | the term "ppm" means part per million or 1 gram per dry metric ton |
|---------|--------------------------------------------------------------------|

----

----

| • | the term "Concentrate" shall have the meaning set out in clause 3 below |
|---------|-------------------------------------------------------------------------|

| • | the term "Target Quantity" shall have the meaning set out in clause 2 below |
|---------|-----------------------------------------------------------------------------|

| • | the term "Metal Payments" shall mean the metal payments set out in Schedule 2 to this Contract |
|---------|------------------------------------------------------------------------------------------------|

| • | the term "Deductions" shall mean the deductions set out in Schedule 2 to this Contract |
|---------|----------------------------------------------------------------------------------------|

| • | the term "Quotational Period" shall mean the quotational period set out in Part B of Schedule 1 to this Contract |
|---------|------------------------------------------------------------------------------------------------------------------|

| • | the term "Working Day and/or Business Day" shall mean Monday to Friday; Saturday, Sunday and legal holidays excluded |
|---------|----------------------------------------------------------------------------------------------------------------------|

| • | the term "Provisional Payment" shall have the meaning set out in clause 8 below |
|---------|---------------------------------------------------------------------------------|

| • | the term "Option Window" shall have the meaning set out in clause 7 below |
|---------|---------------------------------------------------------------------------|

| • | the term "Estimated Price" shall have the meaning set out in clause 7 below |
|---------|-----------------------------------------------------------------------------|

| • | amounts of money stated in USD, US$ and¢ (U.S. Dollars and cents) are references to the lawful currency of the United States of America |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------|

| • | "month of shipment" in respect of any shipment shall mean the calendar month of the Bill of Lading date for that shipment has taken place |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|

| • | "IMO Bulk Cargo Code" means the International Maritime Organization's Code of Safe Practice for Bulk Cargoes as amended from time to time. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------|

| • | LBMA : London Bullion Market Association |
|---------|------------------------------------------|

| • | LME: London Metal Exchange |
|---------|----------------------------|

| • | Any abbreviations used in relation to the alternative methods of delivery shall be as defined in INCOTERMS®2010 (as amended, updated or replaced from time to time). |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Where the words include(s), including or In particular are used in this Contract, they are deemed to have the words without limitation following them. Where the context permits, the words other and otherwise are illustrative and shall not limit the sense of the words preceding them. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | The Schedule(s} to this Contract form(s} part of this Contract and shall have effect as if set out in full in the body of this Contract Any reference to this Contract includes the Schedule(s). |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Clause, Schedule and paragraph headings shall not affect the interpretation of this Contract. References to clauses and schedules are to the clauses and schedules of this Contract. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Au | g/dmt  | 30-70  |
|----|--------|--------|
| Ag | Kg/dmt | 30-100 |

----

----

| AI   | %   | 3.7       |
|------|-----|-----------|
| As   | %   | 0.7-1.2   |
| Ba   | %   | < 0.1  |
| Bi   | ppm | < 50   |
| Ca   | %   | 0.13      |
| Cd   | ppm | 50        |
| Cl   | ppm | < 100  |
| Co   | ppm | 50        |
| Cr   | ppm | 10        |
| Cu   | %   | 1-3       |
| F    | ppm | < 50   |
| Fe   | %   | 15-30     |
| Hg   | ppm | 10-50     |
| La   | ppm | 30        |
| Mg   | %   | 0.03      |
| Mn   | ppm | 125       |
| Mo   | ppm | 10-30     |
| Na   | %   | < 0.05 |
| Ni   | ppm | 20        |
| P    | ppm | 100       |
| Pb   | %   | 1.5-2.0   |
| S    | %   | 20-25     |
| Sb   | %   | 0.1-0.2   |
| Sc   | ppm | < 5    |
| Se   | ppm | 50        |
| Si02 | %   | 37        |
| Sn   | ppm | 20        |
| Sr   | %   | < 10   |
| Te   | ppm | < 30   |
| Ti   | %   | 0.10      |
| Tl   | ppm | < 10   |
| V    | ppm | < 10   |
| Zn   | %   | 3         |

----

----

----

----

|  ‒ | the Provisional Invoice (as defined below); |
|---------------|---------------------------------------------|

|  ‒ | full set (3 out of 3) of original shipped on-board Bills of Lading issued as per Buyer's instructions; |
|---------------|--------------------------------------------------------------------------------------------------------|

|  ‒ | Provisional Weight & Moisture certificate to be issued by an independent, internationally recognized surveyor; |
|---------------|--------------------------------------------------------------------------------------------------------------------|

|  ‒ | Provisional assay certificate to be issued by an independent, internationally recognized laboratory; |
|---------------|------------------------------------------------------------------------------------------------------|

|  ‒ | Packing List issued by Seller; |
|---------------|--------------------------------|

|  ‒ | Certificate of Origin from the local chamber of commerce; |
|---------------|-----------------------------------------------------------|

|  ‒ | Declaration from Seller confirming that shipment contains no solid wood material; |
|---------------|-----------------------------------------------------------------------------------|

|  ‒ | MSDS Sheet; |
|---------------|-------------|

|  ‒ | A Fumigation Certificate of Zika to be provided by Seller; |
|---------------|------------------------------------------------------------|

|  ‒ | A Fumigation Certificate, issued by a 3n1 party, to confirm that the pallets used have been fumigated |
|---------------|-------------------------------------------------------------------------------------------------------|

----

----

| ‒ | the Final Invoice. |
|---------|--------------------|

----

----

----

----

----

----

----

----

----

----

|  | a) | if delivered personally, at the time of delivery; or |
|--|----|------------------------------------------------------|

|  | b) | if delivered by special courier, at the time of signature of the courier's receipt; or |
|--|----|----------------------------------------------------------------------------------------|

|  | c) | in the case of fax or email it shall be deemed to have been received at the time of transmission or on the consecutive business day if the time of transmission is outside of normal business |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| Signed by:                                         | TIMOTHY HUNT              |   |         |
|----------------------------------------------------|---------------------------|--------|--------------|
|                                               |                      |   |         |
| For and on behalf of Seller:                       | HUNT MINING CORP.         |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
| Name in Print:                                     | TIM R. HUNT               |   |         |
|                                               |                      |   |         |
| Title:                                             | President/CEO             |   |         |
|                                               |                      |   |         |
| Date:                                              | 11/21/2016                |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
| Signed by:                                         | TIMOTHY HUNT              |   |         |
|                                               |                      |   |         |
| For and on behalf·Joint Seller and Guarantor: |                      |   |
|                                               | HUNTWOOD INDUSTRIES, INC. |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
| Name in Print:                                     | TIM R. HUNT               |   |         |
|                                               |                      |   |         |
| Title:                                             | President/CEO             |   |         |
|                                               |                      |   |         |
| Date:                                              | 11/21/2016                |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
| Signed by:                                         | JAY HEMENWAY              |   | BRENT OMLAND |
|                                               |                      |   |         |
| For and on behalf of Buyer                         | OCEAN PARTNERS USA, INC.  |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
|                                               |                      |   |         |
| Name in Print:                                     | Jay Hemenway              |   | Brent Omland |
|                                               |                      |   |         |
| Title:                                             | Trader                    |   | Director     |
|                                               |                      |   |         |
| Date:                                              | Nov 18/16                 |   | Nov 18, 2016 |

----

----

----

----

|  | Silver: | The Buyer shall pay for the lower of (i) 96% of the silver content in the Concentrate in that shipment as determined in accordance with this Contract or (ii) the total number of units of such content less a deduction of two hundred (200) grams, determined in accordance with this Contract, at a price equal to the daily US$ LBMA spot quotation price for silver, as provided by CME-TR (CME-Thomson Reuters) and averaged over the Quotational Period in accordance with Part B of Schedule 1 of this Contract. |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | Gold: | The Buyer shall pay for the lower of (i) 95% of the gold content in the Concentrate in that shipment as determined in accordance with this Contract or (ii) the total number of units of such content less a deduction of one (1) gram, at a price equal to the mean of the daily US$ London Bullion morning and afternoon quotations for gold as published in the London "Metal Bulletin" ( or such other information source published by the LME from time to time which may replace it), averaged over the Quotational Period in accordance with Part B of Schedule 1 to this Contract. |
|--|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|  | As: | Seller will allow Buyer a penalty of US$3.00 per each 0.1% the As content exceeds over 0.1%: Fractions pro rata. |
|--|-----|------------------------------------------------------------------------------------------------------------------|