Toachi Mining Inc. agreed to acquire the remaining 40% stake in Compania Minera La Plata SA from Allen Brown Hidalgo, Maria Olivia Hidalgo Gutierres, Philips Brown Hidalgo, Holding Bp-Pharma S.A., Steve Brown Hidalgo and Susana Brown Hidalgo for $10 million on August 19, 2021. Pursuant to the agreement, Toachi will acquire the ownership interest for an initial cash payment of $7 million on the closing date and will pay three installments of $1 million upon each anniversary of the closing date for three years. A portion of the purchased shares will be subject to pledge agreements with each of the sellers, whereby such pledged shares will be released over three years upon payment of each installment. As a result of the acquisition, Compania Minera La Plata SA will become a wholly owned subsidiary of Compania Minera La Plata SA. Toachi Mining Inc. completed the acquisition of the remaining 40% stake in Compania Minera La Plata SA from Allen Brown Hidalgo, Maria Olivia Hidalgo Gutierres, Philips Brown Hidalgo, Holding Bp-Pharma S.A., Steve Brown Hidalgo and Susana Brown Hidalgo on August 20, 2021. As per the transaction, Toachi Mining Inc. acquired 343,600 common, registered shares of Compania Minera La Plata SA representing 40% stake. Don Collie of DLA Piper (Canada) LLP acted as legal advisors to Allen Brown Hidalgo, Maria Olivia Hidalgo Gutierres, Philips Brown Hidalgo, Holding Bp-Pharma S.A., Steve Brown Hidalgo and Susana Brown Hidalgo. Peter O’Callaghan and Kyle Misewich of Blake, Cassels & Graydon LLP acted as legal advisor to Atico Mining Corporation.