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Arctos Anthracite Project

Permitting and Community Relations

The Company has filed the Project Description for the Arctos Anthracite Project and is in the Environmental Assessment (“EA”) and permitting process. Fortune Minerals is committed to the responsible development of our mineral deposits, ensuring the health and safety of our workers, respecting the environment, and building long-term relationships with the communities in which we operate. Fortune has been collecting baseline environmental and social data for the Arctos Anthracite Project (formerly Mount Klappan Anthracite Metallurgical Coal Project) since 2004 to augment a significant database collected previously by Gulf Canada Resources Limited. This information is being used to support the EA and permitting for the project that has re-started after securing POSCAN as first stage joint venture partner, and the decision to use railway transport of coal to the port of Prince Rupert. DPRA Canada Inc., Indigeunity Consulting Group Inc., and Fleishman- Hillard are retained for their respective expertise in aboriginal engagement and government communication, respectively. Fortune has also hired community relations coordinators for the portion of the project in the Gitxsan and Tahltan territories.

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