TMAC Resources Inc. has received approval of two Type A Water Licences for the Madrid and Boston Projects. On January 14, 2019 the Minister of Intergovernmental and Northern Affairs and Internal Trade approved the two licences as recommended by the Nunavut Water Board on December 7, 2018. This approval concludes the final step in the environmental permitting process and enables mine construction and operations and sets the closure bonding requirements. In combination, the licences allow for the development and operation of three new gold mines at Madrid North, Madrid South and Boston, including a 55 kilometre all-weather road connecting all four mines on the Hope Bay property. The amended licence provides for the expansion of the existing Doris camp, expansion of the tailings impoundment area from 2.5 million tonnes to 18 million tonnes for Madrid tailings and the construction and operation of mines at Madrid North and Madrid South. The new licence for Boston provides development alternatives beyond its established plans, permitting the construction and operation of a fully independent mine site including a new 5.1 million tonne tailings facility and ore processing plant, allowing TMAC flexibility to evaluate options for what the company expects will be a growing ore resource as the company begins investing in exploration at Boston. Accomplishing this final step in permitting allows for the development scenario described in the 2015 Pre-feasibility Study while significantly increasing water use thresholds for daily production and processing rates. The permitting strategy has also secured permissions to operate alternative wind power generation, expansion of TMAC’s port and includes surface mining of crown pillars at Madrid and Boston, similar to what is being executed at the Doris mine.