Chiapas Exploration Properties:

Blackfire has the following properties with high-grade deposits of barite, antimony and gold. These properties will be drilled after production begins at the Payback mine.

Concession #1
35 ha – 100% ownership by Blackfire Exploration Mexico S de RL de CV.
Barite and antimony with gold.

Concession #2
284 ha - 100% ownership by Blackfire Exploration Mexico S de RL de CV.
Barite on surface, relatively unexplored, high priority for exploration.

Concession #3
414 ha - 100% ownership by Blackfire Exploration Mexico S de RL de CV.
Antimony and gold.
High exploration priority.
Located where a number of faults meet and is a geological hot spot.

Concession #4
58 ha - 100% ownership by Blackfire Exploration Mexico S de RL de CV.
Antimony and gold property.

Concession #5
4767.7 ha - 100% ownership by Blackfire Exploration Mexico S de RL de CV.
Barite outcrop on surface and indications of more antimony and gold.