Attached is a summary of the NR. A few comments:

- The results from this NR are no surprise. They just confirm the hints that de Jong and Salamis have given in various presentation.

- The results could be looked at from the following perspective. This is a high-grade deposit that contains about 2 MozAu (Triangle plus a couple of satellite deposits such as Parallel and Plug #4) for a 3 gpt cut-off. A 5 gpt cut off would reduced the ozs somewhat, but the grade would be almost 10 gpt which is quite economical for a UG operation. ICG management would probably go for a 3pgt cut-off, since 7 gpt ore is high.

- If the PEA (early Q1 2017) basecase is for a 100,000 oz/yr production (1200tpd x 330days x 8gpt/31g/oz = 102,000 oz/yr), they would have a profitable mine (@ $620/oz profit or $62M/yr, assuming AISC of Cdn1000/oz) for at least 15 yrs.

- They would scale up this results to 2400 tpd or 5000 tpd, once they have enough ore available (wait for an updated RE in Q1 2017 following the PEA. This will be a whopper).

GH 

Press Release Highlights:

• Triangle deposit (3.0 g/t Au cut-off): indicated resources increased 17.5% from 627,810 gold ("Au") ounces to 737,590 Au ounces grading 7.01 g/t Au and inferred resources increased 15.2% from 871,530 Au ounces to 1,004,170 Au ounces at an average grade of 6.94 g/t Au.

• Triangle deposit (5.0 g/t Au cut-off): indicated resources increased 15.2% from 503,420 Au ounces to 580,150 Au ounces grading 8.96 g/t Au and inferred resources increased 14.5% from 676,960 Au ounces to 774,880 Au ounces at an average grade of 9.03 g/t Au.

• 23,800 meters ("m") of new drilling incorporated into resource estimate announced today. Next resource estimate (Q1 2017) will incorporate an additional 105,000 m (290 drill holes) of diamond drilling at the Triangle deposit ("Triangle") with an estimated assay database cut-off date of December 31, 2016.

• Triangle indicated and inferred resources are now 247% and 505% larger, respectively, than the resource estimate used for the Company's most recent PEA (January 2015, 5 g/t Au cut-off). An updated PEA using the resource estimate announced today is underway with an expected completion date in early Q1 2017.

• Not included in the Lamaque Property global resource estimate summary (Tables 1 and 2) are the lower grade vein clusters at the No. 4 Plug deposit ("P4 Clusters") which account for indicated resources of 185,720 Au ounces grading 3.93 g/t Au and inferred resources of 188,900 Au ounces grading 3.12 g/t Au. When included in the total for the Lamaque Property resource estimate, global indicated resources increased by 13% while global inferred resources increased by 44%.

• Six drill rigs currently active on the Lamaque Property, 22,550 m in drill assays currently pending, Lamaque Deep hole has reached target depth of 2,200 m and first wedge is planned to start shortly, exploration decline has advanced 370 m towards Triangle and the Company has $43 million in the treasury not including marketable securities.