INV Metals provided an update on the Loma Larga gold-silver-copper project ("Loma Larga"), located in Ecuador. On September 1, 2020, the Council of the City of Cuenca approved a referendum application for submission and consideration to the Ecuadorian Constitutional Court (the "Constitutional Court") related to mining activities in Cuenca water sources at the request of a special interest group called the Cabildo Popular Por El Agua De Cuenca. The Company continues to be of the opinion that the request, and any other potential referendum requests, are politically motivated. The company have been advised by legal counsel that the request is unconstitutional and, like the four previously denied requests as detailed below, does not meet all the criteria and standards for approval by the Constitutional Court. The company expects that this new request will also be rejected by the Constitutional Court. The Loma Larga deposit is located in the Canton of Cuenca.