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2016

FIRST MINING FINANCE CORP.
Acquisition - Three Cornered Amalgamation

We acted as counsel to First Mining Finance Corp. (“First Mining”) in connection with its acquisition of Tamaka Gold Corporation, a privately held mineral exploration company which owns the Goldlund Project located in northwestern Ontario. The transaction was completed in June 2016 pursuant to a three-cornered amalgamation under the provisions of the Business Corporations Act (Ontario). Shareholders of Tamaka received an aggregate of approximately 92.5 million common shares of First Mining pursuant to the transaction. Based on the closing price of First Mining’s common shares on June 15, 2016, the last trading date prior to completion of the transaction, the common shares of First Mining issued pursuant to the transaction were valued at approximately $68 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.