Authorization

TMAC Receives the Project Certificate for the Madrid and Boston Project

TMAC Resources Inc. (TSX:TMR) ("TMACa?? or the "Companya??)
has received the Project Certificate from the Nunavut Impact Review
Board ("NIRBa??) for the Madrid and Boston Project. The Project
Certificate marks the end of the environmental assessment process
including terms and conditions for monitoring and reporting.


In addition to the Project Certificate, the Nunavut Water Board ("NWBa??)
concluded final hearings on October 25, 2018. The NWB is expected to
submit for approval, Type A Water Licences for the Madrid and Boston
mines to the responsible Ministers of Crown-Indigenous Relations and
Northern Affairs Canada ("CIRNACa??) by mid December. The
ministerial approval is expected to follow 45 days thereafter. As a
result, TMAC is pleased to move forward the anticipated timing for
receipt of the Type A Water Licences to the first quarter of 2019.


The permitting strategy for Madrid and Boston has addressed the
development scenario described in the 2015 Pre-Feasibility Study ("PFSa??).
It also provided additional flexibility including increases to
processing capacity belt wide, additional infrastructure at Madrid and
Boston, alternative wind power generation and tailings capacity of 18
million tonnes and 5.1 million tonnes at Doris and Boston respectively.
The permitting strategy also includes surface crown pillar recovery
similar to what is being executed at the Doris Mine.


Jason Neal, President and Chief Executive Officer of TMAC, stated, "This
is another timely and significant milestone in our permitting path. TMAC
looks forward to working with the Kitikmeot Inuit Association and
responsible government agencies as we enter into the development and
monitoring phase of the Madrid and Boston Project. This Project will
provide significant long-term economic prosperity and employment in the
Kitikmeot region.a??


FORWARD-LOOKING INFORMATION


This release contains "forward-looking informationa?? within the meaning
of applicable securities laws that is intended to be covered by the safe
harbours created by those laws. "Forward-looking informationa?? includes
statements that use forward-looking terminology such as "maya??, "willa??,
"expecta??, "anticipatea??, "believea??, "continuea??, "potentiala?? or the
negative thereof or other variations thereof or comparable terminology.
Such "forward-looking informationa?? includes, without limitation, the
timing for receipt of the water licences and the timing for bringing
Madrid and Boston into production.
See also:
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