INCEPTION MINING INC. has completed the first full operating quarter of the Clavo Rico mine. The Company assumed management control of Cerros Del Sur, the mine operator of the Clavo Rico operation in Honduras, in August 2015. Both the mine and operating entity are wholly owned by Clavo Rico Ltd, the entity that was acquired by the Company via the previously-announced merger.

In anticipation of the recently-announced acquisition, as part of its due diligence, the Company embarked on a minimal confirmatory drill program to validate the extent of the historically-proven reserve and to investigate the option to open pit lands placed under contract. The results of the drilling accomplished by the in-house staff were extremely encouraging. Pending additional drilling and mapping, this new ore body, when viewed in conjunction with the current open pit operation, the tailings processing, and the offsite sourcing of certain high grade ore, gives confidence of an extended mine life prior to reengaging an underground operation.

The operating entity is engaged in processing a historical tailings (>3gpt) body along with several open pit (3-6 + gpt) ore bodies, utilizing a new 650,000 ton membrane lined leach system and ADR recovery plant.