Full Description of Material Change On October 5, 2015, the Company announced that it had been ordered by the MOECC on September 30, 2015 to temporarily suspend mill operations at the Project to treat elevated ammonia levels, discharge sufficient water from the TMF, and to upgrade the TMF, under specific timelines. The initial order received on September 8, 2015 ordered the Company to commission new interim and permanent ammonia treatment systems for the effluent held in its TMF and discharge a portion of treated effluent. It also ordered the Company to undertake other operational and reporting obligations, including construction upgrades to the TMF. The initial order was amended by the MOECC on September 14, September 18, and September 30, 2015 to allow the Company time to upgrade its facilities in order to discharge treated effluent. The Company announced that it has been utilizing alternative technologies to address the ammonia levels in the TMF. The Company has made progress with respect to treating the effluent and believes it can resume mill operations in a timely manner. The Company discharged an initial volume of treated effluent on September 30, 2015. At the current time, underground development, construction and trial stoping continue uninterrupted. On September 8, 2015 the MOECC issued a Director’s Order to the Company (the “September 8, 2015 Order”), the key components of which were to require the Company to: 1) Commission and implement a new interim ammonia treatment system so that 140,000 m3 of treated effluent can be discharged from the TMF to the natural environment before November 30, 2015; 2) File an application for the approval of a new permanent ammonia treatment system and have the system installed, commissioned, and operational by April 1, 2016; 3) Construct the North-East Dam, an upgrade to the current TMF, for the Project by November 15, 2015; 4) Undertake other steps to control runoff and ensure that the TMF Maximum Operating Water Level is not exceeded; and 5) Submit a variety of routine monitoring analyses, reports and studies to the MOECC. The September 8, 2015 Order was amended on two occasions to adjust the date for the commencement of the Item (1) discharge. On September 30, 2015, a third amending order was issued by the Director, the key components of which were to amend the September 8, 2015 Order to: 1) Allow the Company to commence the discharge of the 140,000 m3 on September |