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Acquisition - Share Purchase

We acted as counsel to First Mining Finance Corp. (“First Mining”) in connection with its acquisition of the Cameron Gold Project from Chalice Gold Mines Limited. Under the terms of the acquisition, First Mining acquired all of the shares of Cameron Gold Operations Ltd., a wholly-owned subsidiary of Chalice, which owns the Cameron Gold project in exchange for 32,260,836 common shares of First Mining and the grant of a 1.0% net smelter royalty on the Cameron Gold Project. The Cameron Gold Project is an advanced-stage resource project located in northwestern Ontario, approximately 80 km south-east of the town of Kenora. Based on the closing price of First Mining’s common shares on June 8, 2016, the last trading date prior to completion the transaction, the common shares of First Mining issued pursuant to the transaction were valued at approximately $26 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.