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Silver One Resources Inc.

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Summary

Project:

Penasco-Quemado

Deposit:Penasco-Quemado
Location:Mexico
Commodities:Silver
Date:1/9/2017
Report Code:NI43-101
Report Type:Supporting Acquisition
Project Stage:Pursuing Resources Definition
Report details:9-1-2017: Silver One Resources Inc. announces a Supporting Acquisition report for its Penasco-Quemado deposit at the Penasco-Quemado project. Summary of property in support of acquisition. At the request of Mr. Chris Osterman, CEO and Director of First Mi
Resources:x
CP/QP:[Overall Report]: William J. Lewis (Micon International Ltd.)
ABSTRACT:At the request of Mr. Chris Osterman, CEO and Director of First Mining Finance Corp. (First Mining), Micon International Limited (Micon) has been retained to provide an independent summary and review of the Peñasco Quemado property located in the state of Sonora, Mexico, on behalf of Silver One Resources Inc. (Silver One). Micon has also been retained to compile this Technical Report to disclose the results of its review of the previous work conducted on the property, such that the report complies with the Canadian National Instrument (NI) 43-101 Standards of Disclosure for Mineral Projects, Form NI 43-101F1 requirements. The term Peñasco Quemado project refers to the immediate area surrounding the existing silver deposit where exploration has been conducted since 2005, while the term Peñasco Quemado property refers to the entire land package. Micon does not have, nor has it previously had, any material interest in First Mining and Silver One or related entities such as Minera Terra Plata, S.A. de C.V. (Terra Plata). The relationship with First Mining and Silver One is solely a professional association between the client and the independent consultant. This report is prepared in return for fees based upon agreed commercial rates and the payment of these fees is in no way contingent on the results of this report. This is the third Technical Report on the Peñasco Quemado property prepared by Micon. The first report was dated December, 2005 and the second dated March, 2007.

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