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2016

FIRST MINING FINANCE CORP.
Acquisition by Plan of Arrangement

We acted as counsel to First Mining Finance Corp. (“First Mining”) in connection with its acquisition of Goldrush Resources Ltd., a reporting issuer listed on the TSX Venture Exchange. The acquisition closed in January 2016 and was completed pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which each outstanding share of Goldrush was exchanged for 0.0714 common shares of First Mining. Based on the closing price of First Mining’s common shares on January 6, 2016, the last trading date prior to the transaction, the common shares of First Mining issued pursuant to the transaction were valued at approximately $4.5 million.

First Mining is a mineral property holding company whose principal business activity is to acquire and hold high-quality mineral assets with a focus in the Americas. First Mining currently holds a portfolio of mineral assets in Mexico, Canada and the United States with a focus on gold. First Mining’s ultimate goal is to increase its portfolio of mineral assets through acquisitions.