Prime Mining Corp.
2023  ESG Report
Published on  May 23, 2024
Prime Mining is an ideal mix of successful mining executives, strong capital markets personnel, and experienced local operators, focused on unlocking the full potential of the high-grade Los Reyes Gold-Silver project in Sinaloa, Mexico.

The Company has a well-planned capital structure with significant institutional and insider ownership.

Prime Mining's Los Reyes project is located 43 kilometers southeast of the mining-friendly city of Cosalá, Sinaloa. The Company is actively exploring a 6273 hectare land package, and has staked a 7500 hectare land package ("El Rey") to the east of Los Reyes. The project is located in the historically productive Guadalupe De Los Reyes mining district, which has an extensive mining history stretching back to the 1700s.
Disclaimer and Forward Looking Statements
Company Profile
Organizational Profile
Name Prime Mining Corp.
Describe nature of activities, brands, products and services Prime Mining Corp. works to advance the Los
Reyes Gold and Silver Project (“Los Reyes”), the
Company is focused on three areas:

i) health and safety of our team and the
communities in which we work;

ii) corporate responsibility and governance;

iii) use of resources to create maximum value at
Los Reyes.  
Link to Corporate Website https://primeminingcorp.ca/
Industry Classification NAICS:
212220 Gold and silver ore mining

ISIC:
B0729 Mining of other non-ferrous metal ores
Market Capitalization $100 Million up to $1 Billion USD
Type of Operations Exclusively non-producing operations
Company Headquarters Vancouver, Canada
ESG Accountability
Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance Environment, Health, Safety and Social
Responsibility Committee of the Board of
Directors
ESG Reporting Period
Unless otherwise noted, all data contained in this report covers the following period
From 2023-01-01
To 2023-12-31
External Assurance
Describe your company's policy and practice for seeking external assurance, including whether and how the highest governance body and senior executives are involved Management and governance body evaluate on
an annual basis if external assurance is needed.
To date, given the company's small footprint
and impacts, it has concluded that external
assurance is not warranted.
Has the report been externally assured No
Financial Reporting Period
Does the financial reporting period align with the sustainability reporting period (eg. calendar vs fiscal) Yes
Geographic Scope of Report
Unless otherwise noted, the data in this report covers sustainability matters related to the following locations of operations Mexico
This report covers our operation in Sinaloa,
Mexico.
Identify notable exclusions of the geographical and/or business scope of the report, and reference of any existing or planned reports that do or will address these (e.g., assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) This report does not exclude any assets held by
Prime Mining.
Reporting Practice
Provide the full contact details (name, title, address, email and/or phone number) for an individial responsible to adress questions regarding the report or its contents info@primeminingcorp.ca
Currency
Unless otherwise noted, all financial figures referenced in this report are in the following currency CAD
Membership of Associations
List of the industry associations, other membership associations, and national or international advocacy organizations in which the organisation participates in a significant role, as well as any economic, environmental, and social charters, principles, or other programmes that the organisation subscribes to or supports, such as the United Nations Global Compact (UNGC), etc. Not applicable.
Scale of the Organization
Describe how the organization defines its "Operation" The Company is a junior gold mining
exploration company with a subsidiary and
operations in Sinaloa Mexico.  It undertakes a
range of activities to help determine the
economic prospectivity of its mining
concessions. Those activities follow the federal
and state guidelines for exploration within our
mineral claims, and include exploration drilling,
mapping and sampling the surface rocks, as well
as taking soil samples. Defining drill targets
where we then drill to test the mineralization;
sampling the core or chips returned from
drilling and sending to independent
laboratories to assay contained elements. One
half of all core or chips are warehoused after
sampling. Modelling of results will facilitate
decisions on exploration target prioritization
and project development timelines
Report the total number of operations 1
Report the quantity of products or services provided during the reporting period and provide description (e.g. number of units produced, amount of primary commodity produced, number of services provides, etc.) Not Applicable
No product or service is provided at this stage
of the Company's operation.
Fragile and Conflict-Affected Situations
Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations" None
Mineral Resource Types in Scope
Which of the following mineral resource types are covered by this report
   •  Inferred
   •  Indicated
   •  Measured
Mineral Reserve Types in Scope
Which of the following mineral reserve types are covered by this report None
Strategy
Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy (URL)
Company's mission, vision and values.

Company's sustainability site.
Provide a statement from the highest governance body or most senior executive of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainable development to the organization and its strategy for contributing to sustainable development. (CEO's message for this report) Refer to attachment. Message from the CEO on
Sustainability.
Message from the CEO on Sustainability
Material Topics
Governance of Material Topics
Describe the process followed to determine the organization's material topics, including:
How did the organization identify the material topics Other external sources, please list
The Company hired a third-party
environmental consultant to assess baseline
environmental, biodiversity, socio-economic,
education , health, water access and other
community-related factors to better
understand the area in which the exploration
activity is occurring.  We use that data to help
support the community and mitigate any
negative impacts of our operations.
How did the organization prioritize the impacts based on their significance Refer to details.
The Company implemented the following
methods to determine materiality and assess
impacts:
1.     The Company conducted a materiality
assessment across management, the Board, and
key stakeholders to identify material priorities
and operational impacts in 2022.
2.     The Company completes a formal risk
assessment on a quarterly basis to identify
priorities and additionally has an annual
strategy session to conclude on most significant
topics.
3.     Risk reporting is provided to the HSS,
Board and senior management group to
evaluate performance in managing material
topics.
Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details
   •  Business partners
   •  Employees and other workers
   •  Shareholders and other capital providers
   •  Other, please specify
"Other" includes the Board of Directors and
senior managment.
List the organization's material topics
   •  Water
   •  Overall environmental
   •  Occupational Health and Safety
   •  Local Communities
   •  Anti-corruption
   •  Permitting
   •  Compliance
List the organization's non-material topics
   •  Biodiversity
   •  Employment
   •  Training and Education
   •  Energy
Provide reasons for considering such topics not material, provide details Other, please specify
Prime is an early stage exploration company
with limited economic and operational
activities in the community.
Report changes to the list of material topics compared to the previous reporting period Compliance was moved to material topic as
there are changes in the political and regulatory
environment in Mexico in the current year.

Energy was moved to non-material topics as
the Company is still in the exploration stage.
For the top 5 material topics, the reporting organization shall report the following information:
Topic #1 Water
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Water is a precious resource in the rural areas
in which the company operates and its
availability fluctuates with changes in the
climate. Access to a clean and safe water supply
is a human right.

At Exploration stage the Company evaluates
the past and current conditions of water
availability to create a long-term strategy. As
the Development stage nears, water
management will become a high priority.
Where the impacts occur Impact would occur at the project site.
The organization’s involvement with the impacts. e.g., whether the organization has caused or contributed to the impacts, or is directly linked to the impacts through its business relationships Currently, the Company does not use a
significant amount of water in operations,
therefore, has not had a significant impact on
the water supply in the project area.

The Company will monitor water use and needs
of the community and the operations in the
future to ensure no adverse impacts.
Report whether the organization is involved with the negative impacts through its activities or as a result of its business relationships, and describe the activities or business relationships Not applicable
Describe/provide a link to the corporate policies or commitments regarding the topic The Company is working on an internal water
policy which should be prepared in the coming
year.
Explain how the organization manages the topic and actions to prevent or mitigate potential negative impacts The Company has completed base line studies
to understand the current water profile.
Limited water is used in operations; therefore,
no negative impacts have been noted to date.
Describe actions to address actual negative impacts, including actions to provide for or cooperate in their remediation Not applicable.
Describe actions to manage actual and potential positive impacts The Company has worked with the local
community to understand their water needs
and build water ponds where needed.
Management involves constant community
communications and evaluation of equipment
availability to support water pond
development, as well as water trucks to
communities when needed.
Actions of the Company to manage water
impacts:
1.     Community feedback – The Company
actively requests a list from the Ejido Board of
all water related needs on an annual basis.
Management reviews to determine the
feasibility of the work required.
2.     Ejido meetings – The management group
actively participates in the Ejido meetings to
understand current needs and enhance
communications.
3.     Office availability – The management
group is available to discuss any issues on a
regular, or as needed basis, with the Ejido.
Report the processes used to track the effectiveness of the actions; Stakeholder feedback
Report the goals, targets, and indicators used to evaluate progress; The Company continually seeks community
feedback regarding impacts of work and if more
support is needed.
Report the effectiveness of the actions, including progress toward the goals and targets; any related adjustments The Company has been effective in enhancing
water availability to the local community
through increasing water storage.
Lessons learned and how these have been incorporated into the organization’s operational policies and procedures Water will continually be a topic of priority for
all stakeholders and will need continuous
monitoring as the project advances.
Describe how engagement with stakeholders has informed the actions taken and how it has informed whether the actions have been effective The Company meets regularly with the local
community to get feedback on what additional
support is needed and address any concerns.
Topic #2 Compliance
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Regulatory compliance is critical to ensure that
the Company's operations are successful, and
the Company maintains a good relationship
with the government agencies involved with
the project.

Further, labor rights and ensuring fair
treatment of all labour involved with the
Project and Company are of the highest priority
to ensure a positive impact on the community.
Where the impacts occur Impacts will occur at the project site and local
community which supports the business.
The organization’s involvement with the impacts. e.g., whether the organization has caused or contributed to the impacts, or is directly linked to the impacts through its business relationships The organization is directly involved with the
impacts. Substantial work with government
agencies will be required to advance the project
and the Company must understand all laws and
regulation to adhere properly to these
standards.
Report whether the organization is involved with the negative impacts through its activities or as a result of its business relationships, and describe the activities or business relationships Not applicable
Describe/provide a link to the corporate policies or commitments regarding the topic Refer to Corporate Governance site of the
Company, where you can find:
-Whistleblower Policy;
-Code of Conduct and Ethics;
-Anti-Bribery and Anti-Corruption Policy;  and
-Confidentiality and Securities Trading Policy.
Corporate Governance
Explain how the organization manages the topic and actions to prevent or mitigate potential negative impacts The Company receives regular updates from
legal counsel and advisers on changes to local
regulations that may affect the Company and
project advancement. Management and the
Board evaluates changes to the regulatory
environment and develops plans to manage
these changes appropriately.
Describe actions to address actual negative impacts, including actions to provide for or cooperate in their remediation Actions to address actual negative impacts
would include an evaluation by management
with support from legal counsel and then
implementation of new policies and controls to
mitigate any negative impacts.
Describe actions to manage actual and potential positive impacts A similar process as addressing negative
impacts (above) would be implemented for
positive impacts.
Report the processes used to track the effectiveness of the actions;
   •  Internal auditing
   •  Stakeholder feedback
Report the goals, targets, and indicators used to evaluate progress; The goal is to be aware of all regulatory and
compliance related issues that impact the
business and properly implement controls to
mitigate any negative impacts.
Report the effectiveness of the actions, including progress toward the goals and targets; any related adjustments The Company has continued to be compliant
with all regulations. Any proposed or actual
changes to the regulatory environment have
been communicated to the management group
in a timely manner and have been evaluated
and addressed.
Lessons learned and how these have been incorporated into the organization’s operational policies and procedures The Company and management group have
weekly meetings to discuss challenges,
strategies and lessons learned and makes
changes to policies and procedures as
appropriate.
Describe how engagement with stakeholders has informed the actions taken and how it has informed whether the actions have been effective The Company has open communications with
stakeholders in Canada and Mexico. If the
regulatory environment changes, management
is notified by counsel and communicates any
new rules to affected groups.  Formal
governance training is also provided annually in
Mexico and Canada with a focus on compliance.
Topic #3 Local Communities
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights Local communities are of great importance in
project advancement. The well-being of the
local communities  can be enhanced if
expectations and opportunities are managed
properly. Having community involvement and
input through every stage of development is
critical for success.  
Where the impacts occur Impacts will occur at the project site and local
surrounding areas.
The organization’s involvement with the impacts. e.g., whether the organization has caused or contributed to the impacts, or is directly linked to the impacts through its business relationships The Company closely monitors and minimizes
impacts on the community. There may also be
indirect impacts as well through contractor
involvement which the Company needs to
understand and monitor.
Report whether the organization is involved with the negative impacts through its activities or as a result of its business relationships, and describe the activities or business relationships Not applicable
Describe/provide a link to the corporate policies or commitments regarding the topic Refer to Corporate Governance site of the
Company, where you can find:
-Human Rights and Diversity Policy; and
-Code of Conduct.
Corporate Governance
Explain how the organization manages the topic and actions to prevent or mitigate potential negative impacts The management group has regular meetings
with the local community to understand their
needs and address any issues that may result
from company operations.  To date, based on
the nature of the work, negative impacts are de
minimus.
Describe actions to address actual negative impacts, including actions to provide for or cooperate in their remediation Refer to details.
There have been no significant negative
impacts as the Company has maintained a
relatively small operation to date. As the
project nears development and increases
activities in the local area more feedback will be
required. A whistleblower system is being
implemented using Integrity Counts. This
system will help manage any complaints
relating to financial or fraud
matters.  Management will evaluate any
complaints or concerns and ensure that issues
are resolved in timely manner. In the coming
years, the Company intends to use additional
features of the Integrity Counts platform and
introduce a formal grievance mechanism.  The
grievance mechanism will be rolled out to the
community with appropriate training and
guidance on how to access and use the platform
to provide feedback about any project concerns
or potential impacts.
Describe actions to manage actual and potential positive impacts A similar process as addressing negative
impacts (above) would be implemented for
positive impacts.
Report the processes used to track the effectiveness of the actions; Stakeholder feedback
The management team regularly meets with
community members to address and resolve
concerns. The Company actively solicits
feedback on areas needing support and
assesses the resolution of previous issues.
Report the goals, targets, and indicators used to evaluate progress; As it roles out Whistleblower into a Grievance
Mechanism in coming years, management will
address any items provided through the
grievance system in a timely manner.
Additionally, management will meet regularly
with the community members to get a better
understanding of their views towards the
projects and any concerns that they may have
regarding the operations.
Report the effectiveness of the actions, including progress toward the goals and targets; any related adjustments Currently, the Company have managed the
community relations well and addressed any
concerns. Additionally, support has been
provided where requested, such as, adding
water storage, helping with road works and
supporting the education system.
Lessons learned and how these have been incorporated into the organization’s operational policies and procedures It is well understood in the resource extraction
industry the importance of having local
community support. The Company, since
acquisition of the project, has tried to develop a
strong relationship with community members
to ensure that open communication at each
stage of the development process.
Describe how engagement with stakeholders has informed the actions taken and how it has informed whether the actions have been effective Local communities have suggested that they
are satisfied with the Company's support and
efforts made to date.
Topic #4 Occupational Health and Safety
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights It is imperative that the Company operate in a
safe manner and that the well-being of the
labour force is a priority. Individuals working at
the project have the right to work in a safe
environment.
Where the impacts occur Impacts would occur at the project site.
The organization’s involvement with the impacts. e.g., whether the organization has caused or contributed to the impacts, or is directly linked to the impacts through its business relationships The impacts would be directly associated with
the project operations.
Report whether the organization is involved with the negative impacts through its activities or as a result of its business relationships, and describe the activities or business relationships Not applicable
Describe/provide a link to the corporate policies or commitments regarding the topic Refer to Corporate Governance site of the
Company, where you can find:
-Health, Safety, Environment and Social
Responsibility Committee Charter.  
See also:
-Human Rights and Diversity Policy.
Corporate Governance
Explain how the organization manages the topic and actions to prevent or mitigate potential negative impacts The Company has daily safety meetings to
ensure proper safety measures are in place and
being followed. Additionally, management
reviews operational safety incidents and makes
adjustments to ensure best practices are
followed.  Management keeps safety statistics,
ties safety performance to compensation
and  reports safety issues  to the Board on a
monthly and sometimes more frequent basis.
Describe actions to address actual negative impacts, including actions to provide for or cooperate in their remediation The Company has daily safety meetings to
ensure proper safety measures are in place and
being followed.  
Any incidents are reviewed at those meetings.
Additionally, management reviews operational
safety incidents and makes adjustments to
ensure best practices are
followed.  Management keeps safety statistics,
ties safety performance to compensation
and  reports safety issues  to the Board on a
monthly and sometimes more more frequent
basis.
Describe actions to manage actual and potential positive impacts Positive safety impacts are discussed at the
daily safety meeting to reinforce careful safety
practices.
Report the processes used to track the effectiveness of the actions; Stakeholder feedback
Report the goals, targets, and indicators used to evaluate progress; The Company has goals to ensure that there
are no safety instances at site that result in loss
time incidents.  Safety is a Key Performance
Indicator on which management compensation
is based.
Report the effectiveness of the actions, including progress toward the goals and targets; any related adjustments The Company has a proven safety record as
demonstrated by the very low number of
safety-related incidents.  
Lessons learned and how these have been incorporated into the organization’s operational policies and procedures Continued safety talks and training reinforce
employees' understanding of  safe practices
and the importance of safety to the company.  
Describe how engagement with stakeholders has informed the actions taken and how it has informed whether the actions have been effective Employee feedback is critical to ensure that
staff stay safe at site. Open communications are
emphasised and supported at the daily training
sessions and all attempts are made to ensure
that issues are resolved timely.
Topic #5 Anti-corruption
An explanation of why the topic is material; describe the actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights It is imperative that the Company operates in a
lawful and ethical manner and adhere to all
laws and regulations.  Unlawful or unethical
conduct risks employee and community well-
being and could impact the reputation of the
company and its right or social license to
operate in the area.
Where the impacts occur In Canada and Mexico.
The organization’s involvement with the impacts. e.g., whether the organization has caused or contributed to the impacts, or is directly linked to the impacts through its business relationships There are no known impacts.  If there were
impacts, they could be a result of direct
involvement of the company or its contractors.
Report whether the organization is involved with the negative impacts through its activities or as a result of its business relationships, and describe the activities or business relationships Not applicable
Describe/provide a link to the corporate policies or commitments regarding the topic Refer to Corporate Governance site of the
Company, where you can find:
-Anti-Bribery and Anti-Corruption Policy.
Corporate Governance
Explain how the organization manages the topic and actions to prevent or mitigate potential negative impacts The Company has an Anti-Corruption Policy
and  Code of Conduct and provides annual
trainings to reinforce a strong ethical code
amongst the management and employees.
Following the training, employees sign the code
of conduct to acknowledge their understanding
of the policy.

Additionally, the Company makes efforts to
know and evaluate all suppliers to ensure they
maintain good business practices in the
communities where the Company operates.

A third-party grievance mechanism is planned
for the future that will allow Environmental,
Community or Governance issues to be
anonymously communicated to the Company
through a formal software system.
Describe actions to address actual negative impacts, including actions to provide for or cooperate in their remediation No known negative impacts.  A new
Whistleblower program is being rolled out in
2024 and it should address negative impacts
which would be brought to the attention
of  Senior Management for redress.
Describe actions to manage actual and potential positive impacts Not applicable.
Report the processes used to track the effectiveness of the actions; Measurement systems
Report the goals, targets, and indicators used to evaluate progress; The Company continues to reinforce a strong
ethical culture and tone at the top.

Annual training is documented and code of
conduct review is monitored by the
management group.   Whistleblower program is
another monitoring tool.
Report the effectiveness of the actions, including progress toward the goals and targets; any related adjustments The Company has met all goals related to this
material topic.
Lessons learned and how these have been incorporated into the organization’s operational policies and procedures Developing a strong ethical culture requires an
ongoing committment. The Senior
Management has made efforts to ensure a
strong ethical tone from the top exists by
continually educating employees and
maintaining open communications.
Describe how engagement with stakeholders has informed the actions taken and how it has informed whether the actions have been effective It is understood that stakeholders would not
approve of any actions that did not adhere to
the laws or regulations where the Company
operates. Additionally, the company has a
strong reputation among the community for
operating ethically and legally.
Environment
Climate Change - Stewardship
Oversight
Is there board-level oversight of climate-related issues within your organization Yes
Responsibility
Provide the highest management-level position(s) or committee(s) with responsibility for climate-related policies, strategies and issues Other, please specify
Health, Safety, Environment and Social
Responsibility Committee.
Nature of primary responsibility Assessing climate-related risks and
opportunities
Reporting
Frequency of reporting to the board on climate-related issues Quarterly
Incentives
Do you provide incentives for the management of climate-related issues, including the attainment of targets Other, please specify
No, not currently but plan to introduce them
when the Company begins the feasibility study.
Strategy
Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning No
Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities No - other, please specify
No, not currently but we plan to introduce
them when the Company begins the feasibility
study.
Risk Assessments
Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business Yes
The Company employs an ERM system to
identify, assess, and mitigate climate-related
risks, reviewing it quarterly. Annually,
management evaluates all risks and the ERM's
effectiveness.  Climate risk will become more
material as the Company moves into feasibility
work.
Risk 1 - Provide details of the most material (financial or strategic) cimate-related risks to your operations:
Where in the value chain does the risk driver occur Direct operations
Risk type and classification Acute Physical - water availability
Time horizon of risk Long term
Likelihood of impact Unlikely
Magnitude of impact Medium
The financial implications of the risk before action is taken ($ Millions) 0
Explain your financial estimates of impact Access to water is a risk to communities and the
company in the event that severe weather
conditions result in prolonged drought.  Since
development is many years away, financial
implications are not estimable.
Primary potential financial impact Increased direct costs
The methods used to manage the risk Not Applicable
The costs of actions taken to manage the risk ($ Millions) 0
This risk is long-term and not estimable until
company gets closer to production.
If the reporting organization does not have a system in place to calculate the financial implications or costs, or to make revenue projections, please report its plans and timeline to develop the necessary systems to do so The company will not be revenue producing for
many years but will make plans to calculate
financial impact of climate change when it gets
closer to mineral production.
Risk 2 - Provide details of the most material (financial or strategic) cimate-related risks to your operations:
Where in the value chain does the risk driver occur Direct operations
Risk type and classification Chronic Physical - Changes in precipitation
patterns and extreme variability in weather
patterns
Time horizon of risk Long term
Likelihood of impact About as likely as not
Magnitude of impact Medium
The financial implications of the risk before action is taken ($ Millions) 0
Explain your financial estimates of impact Company will understand financial estimates of
impacts as it gets closer to production in
several years.
Primary potential financial impact Increased direct costs
The methods used to manage the risk Not Applicable
The costs of actions taken to manage the risk ($ Millions) 0
If the reporting organization does not have a system in place to calculate the financial implications or costs, or to make revenue projections, please report its plans and timeline to develop the necessary systems to do so The company will not be revenue producing for
many years but will make plans to calculate
financial impact of climate change when it gets
closer to mineral production.
Risk 3 - Provide details of the most material (financial or strategic) cimate-related risks to your operations:
Where in the value chain does the risk driver occur Not Applicable
Risk type and classification Not applicable
Time horizon of risk Not Applicable
Likelihood of impact Not Applicable
Magnitude of impact Not Applicable
The financial implications of the risk before action is taken ($ Millions) 0
Explain your financial estimates of impact N/A
Primary potential financial impact Not applicable
The methods used to manage the risk Not Applicable
The costs of actions taken to manage the risk ($ Millions) 0
If the reporting organization does not have a system in place to calculate the financial implications or costs, or to make revenue projections, please report its plans and timeline to develop the necessary systems to do so N/A
Opportunity Assessments
Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business No
Greenhouse Gas Emissions
Scope 1
For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)
Carbon dioxide (CO₂) (tonne CO₂-e) 1,258.077
Methane (CH₄) (tonne CO₂-e) 0.000
Nitrous oxide (N₂O) (tonne CO₂-e) 0.000
Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonne CO₂-e) 0.000
Nitrogen trifluoride (NF₃) (tonne CO₂-e) 0.000
Perfluoro methane (CF₄) (tonne CO₂-e) 0.000
Perfluoro ethane (C₂F₆) (tonne CO₂-e) 0.000
Perfluoro butane (C₄F₁₀) (tonne CO₂-e) 0.000
Perfluoro hexane (C₆F₁₄) (tonne CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 1,258.077
Emissions described in Scope 1 include use of
light vehicles, drilling rigs, water pumps and
heavy machinery by the Company and
contractors.
Besides internal control of fuel consumptions,
an expert consultant is hired to keep track of
these emissions following Mexican standards
based on IPCC guidelines.  A minimal increase
in carbon footprint was observed compared
with 2022.
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 0.0000%
No regulation or program applies to the
Company at this stage due to small volume of
Scope 1 GHG emissions.
Discuss any change in its emissions from the previous reporting period, including whether the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, and/or changes in calculation methodology Small changes are observed in emissions from
last year due to a small increase in drilling
related activities performed by the Company
and contractors.
In the case that current reporting of GHG emissions to the CDP or other entity (e.g., a national regulatory disclosure program) differs in terms of the scope and consolidation approach used, describe the differences and provide those reported emissions. Not reporting at this stage due to small carbon
footprint.
The entity may discuss the calculation methodology for its emissions disclosure, such as if data are from continuous emissions monitoring systems (CEMS), engineering calculations, or mass balance calculations Calculations are performed by ONYEN
platform using fuel consumption.
The entity may, where relevant, provide a breakdown of its emissions per resource produced or business unit Not applicable at this stage.
Discuss long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions Prime is an exploration company, as such,
emissions are restricted to light vehicles and
portable drill rigs. As a result, emissions are
kept to a minimum and the Company's carbon
footprint is small.

Prior to the transition to a development stage
company, Prime will evaluate a long-term
strategy to minimize or neutralize emissions
when the Los Reyes Project enters
development and is operational.
Please discuss reduction emissions target(s) (if any) for Scope 1 in your company, and analyse the performance against the target(s) as follows Not applicable at this stage, Company´s carbon
footprint is quite small since operation only
includes drilling rigs and light vehicles.
If relevant, what is the scope of the emission reduction target (e.g., the percentage of total emissions the target is applicable to) Not applicable.
Scope 1 GHG emissions in the base year (tonne CO₂-e) 1,045.448
Compared to fiscal 2022, first year report.
The percentage change against the base year, with the base year representing the first year against which emissions are evaluated toward the achievement of the target 0.0000%
No reduction in GHG emissions is reported
since carbon footprint is small, and changes are
not significant at this stage.
Discuss whether its strategies, plans, and/or reduction targets are related to, or associated with, emissions limiting and/or emissions reporting-based programs or regulations (e.g., the EU Emissions Trading Scheme, Quebec Cap-and-Trade System, California Cap-and-Trade Program), including regional, national, international, or sectoral programs No reduction plans in the near future due to
small amount of emissions during the
exploration stage.
Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source Calculations are performed based on the
ONYEN platform.
What consolidation approach is used for emissions Operational control
Standards, methodologies, assumptions, and/or calculation tools used Calculations are performed based on the
ONYEN platform.
Scope 2
If company specific calculations are not available, disclose the gross location-based energy indirect (Scope 2) global greenhouse gas (GHG) emissions to the atmosphere (tonne CO₂-e):
Does the company purchase externally supplied energy (grid electricity) Yes
Report the total energy purchased from external suppliers for the reporting year in gigajoules (GJ) 151.920
In what jurisdiction is the source of energy (utility) located Mexico
Conversion factor (see Guidance): 0.431
Total amount of Scope 2 GHG emissions from purchased energy (CO₂-e) (tonne) 18.188
Energy supply is used at Company's office,
camps and storage facilities.
Does the company purchase externally supplied heat No
Does the company purchase externally supplied steam No
Does the company purchase externally supplied cooling No
The total amount of gross global Scope 2 GHG emissions (CO₂-e) (tonne) 18.188
Total amount of Scope 2 GHG emissions (CO₂-e) that are covered under emissions-limiting regulations (tonne) for the jurisdiction in which the company is working. 0.000
No regulations apply to the Company's
emissions at this stage.
Percentage of its gross global Scope 2 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, i.e., cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 0.0000%
Discuss long-term and short-term strategy or plan to manage Scope 2 emissions, emissions reduction targets, and an analysis of performance against those targets No reduction in Scope 2 is planned in near
future.
Please discuss reduction emissions target(s) for Scope 2 (if any) in your company, and analyse the performance against the target(s) as follows Not applicable.
Scope 2 GHG emissions in the base year (CO₂-e) 17.700
Comparison was fiscal 2022, first year report.
The percentage change against the base year, with the base year representing the first year against which emissions are evaluated toward the achievement of the target 0.0000%
No target has been defined yet since
Exploration activities generate a low volume of
Scope 2 emissions, this percentage only
represents a change in comparison with last
reporting period.
Total base year GHG emissions 17.700
Present year GHG emissions 18.188
Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source Calculation by ONYEN platform.
Standards, methodologies, assumptions, and/or calculation tools used Calculation by ONYEN platform.
Scope 3
Is the Organization disclosing gross "other indirect" global Scope 3 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)? These emissions are not included in Scope 2 and occur outside of the organization including both upstream and downstream emissions, e.g., transporting fuel to market, or transporting fuel to the plant or site to create your product, or transporting your product to market No
Air Emissions
Report emissions of air pollutants that are released into the atmosphere
Emissions of carbon monoxide, reported as CO (tonne) 1.541
Emissions of oxides of nitrogen (NOx), reported as NOx (tonne) 0.543
Emissions of oxides of sulphur (SOx), reported as SOx (tonne) 0.001
Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne) 0.006
Emissions of lead and lead compounds, reported as Pb (tonne) 0.000
Emissions of mercury and mercury compounds, reported as Hg (tonne) 0.000
Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne) 0.051
Air pollutants emissions are calculated in
accordance with fuel (diesel and gasoline)
consumption by Company and contractors in
light vehicles. Methodology and calculations
are performed by CIMA, S.C. an environmental
consulting group.
Energy
Energy Consumption
Total energy consumption within the organization 151.930
Report the energy owned and controlled by the organization consumed in gigajoules for the following 151.930
Electricity purchased/generated for consumption (gigajoules, GJ) 151.930
Heating purchased/generated for consumption (gigajoules, GJ) 0.000
Cooling purchased/generated for consumption (gigajoules, GJ) 0.000
Steam purchased/generated for consumption (gigajoules, GJ) 0.000
Report energy owned and controlled by the organization sold in gigajoules and report the totals for each 0.000
Electricity sold (gigajoules, GJ) 0.000
Heating sold (gigajoules, GJ) 0.000
Cooling sold (gigajoules, GJ) 0.000
Steam sold (gigajoules, GJ) 0.000
Non-renewable fuel consumed (gigajoules, GJ) 0.000
Renewable fuel consumed (gigajoules, GJ) 0.000
Report the standards, methodologies, assumptions, conversion factors and/or calculation tools used Energy consumption is collected from
electricity bills at Company facilities.
Energy Consumption Outside the Organization
Report the energy consumption outside of the organization (gigajoules, GJ) 0.000
Non-renewable energy consumption outside of the organization (gigajoules, GJ) 0.000
Renewable energy consumption outside of the organization (gigajoules, GJ) 0.000
Report the standards, methodologies, assumptions, and/or calculation tools used Not applicable.
Energy Management
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 151.930
Percentage energy consumed that was supplied by grid electricity 100.0000%
Percentage of energy consumed that is renewable energy (does not include purchased grid-mix) 0.0000%
Water Management - Stewardship
Quality and Quantity Dependency
Rate the importance (current and future) of freshwater quality and quantity to the success of your business
Direct use importance rating Important
Indirect use importance rating Important
Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business
Direct use importance rating Important
Indirect use importance rating Important
Risk Assessments
Does your organization undertake a water-related risk assessment Yes, water-related risks are assessed
Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations Yes, only within our direct operations
Provide details of identified risk in your direct operations with material financial or strategic impacts: Risk 1
Type of risk Physical
Primary risk driver Physical – Drought
Primary potential impact Increased cost of capital
Risk timeframe 4-6 years
Magnitude of potential impact Medium-low
Likelihood of potential impact Unlikely
Potential impact financial figure and explanation N/A
Primary response Implement nature-based solutions
Cost of response and description of response Unknown.
Opportunity Assessments
Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business No
Responsibility
Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues Other, please specify
Health, Safety, Environment and Social
Responsibility Committee.
Policy
Does your organization have a documented water policy No, but we plan to develop one within the next
2 years
Select the options that best describe the scope and content of your organizations' water policy None
Reporting
Frequency of reporting to the board on water-related issues Quarterly
Incentives
Do you provide incentives to C-suite employees or board members for the management of water-related issues No, not currently but we plan to introduce
them in the next two years
Strategy
Are water-related issues integrated into any aspects of your long-term strategic business plan No, water-related issues not yet reviewed, but
there are plans to do so in the next two years
Water
Water Management
Disclose the amount of water that was withdrawn from freshwater sources (in thousands of cubic meters) 25.802
Water is used in drilling related activities
performed by third party contractors hired by
the Company, it is withdrawn from streams and
old mining works with previous authorization.
During diamond drilling the same water volume
together with biodegradable additives is
reinjected to the ground, avoiding damage to
the water balance of the area.

Amari offices, camps and storage facilities
account for 3.5% (0.9 thousands of cubic
meters) of total water consumption.

Significant decrease is observed in the volume
withdrawn for drilling in comparisson to 2022,
since several drill holes intercepted
considerable water volume, thus avoiding the
extraction of water from streams in the area.
Disclose the amount of freshwater water that was consumed in its operations (in thousands of cubic meters) 0.000
Use of water is restricted to drilling, the volume
withdrawn is injected back to the reservoir
during this activity.
Analyse and list all operations for water risks and identify activities that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct Operation activities include diamond drilling.
Water used is reinjected back into the earth at
the natural source.

Exploration activities performed by the
Company use water withdraw from natural
sources, but during the execution of these the
total volume, water is returned to the source
through diamond drilling.
Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn 100.0000%
Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) 25.802
Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed Does Not Apply
Water availability is controlled by natural
seasons with heavy rains followed by
exceptionally dry weeks on opposite ends of
the calendar. In general, water is readily
available with proper managment including
wells and ponds.

No real consumption at this stage, since all the
volume withdrawn is reinjected during drilling
activities.
Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) 0.000
Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations No
Total number of incidents of non-compliance associated with water quality permits, standards, and regulations, including violations of a technology-based standard and exceedances of quality-based standards (note: only those that resulted in a formal enforcement action(s)) 0
Zero non-compliance or incidents have been
recorded since start of activities by the
Company.
Violations - continuous discharges, limitations, standards, and prohibitions that are generally expressed as maximum daily, weekly average, and monthly average (regardless of their measurement methodology or frequency) 0
Violations - non-continuous discharges and limitations that are generally expressed in terms of frequency, total mass, maximum rate of discharge, and mass or concentration of specified pollutants (regardless of their measurement methodology or frequency) 0
Violations - other, please specify 0
Waste Management
Tailings Storage Facilities Management
Does your company manage Tailings Storage Facilities No
Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs) Not applicable to the Company at this time.
Innovation
Spending on Research, Development, and Technologies for waste management compliance and improvement ($Millions) 0
Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement Not applicable at this stage of the Company's
operations.
Biodiversity
Management Plan
Describe the environmental and biodiversity management plan(s) implemented at active sites There are no formal environmental and
biodiversity management plans implemented
or required as Prime limits its operational
activities in Mexico to drilling.

The Company will continue to monitor future
activities and will develop formal plans as
required to ensure all standards are
appropriately met.
1.1 Lifecycle stages to which the plan(s) apply Not applicable
1.2 The topics addressed by the plan(s) Not applicable
1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups) The Company obtains all appropriate
governmental permits for exploration
activities. The Company has been compliant
with all government requirements.
Impacts
Does access to the site involve traversing a protected area No
Do any of the entities concessions share a watershed with a protected area No
Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve Does not apply
Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Grade of proved reserves located in areas either with protected conservation status or in areas of endangered species habitat
Metals
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Grade of probable reserves located in areas either with protected conservation status or in areas of endangered species habitat
Metals
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Social
Scale of the Organization
Report the total number of direct employees (exclude workers who are not employees) 61
Report the total number of male direct employees (exclude workers who are not employees) 53
Report the total number of female direct employees (exclude workers who are not employees) 8
Report the total number of non-binary direct employees (exclude workers who are not employees) 0
Report the total number of gender not disclosed direct employees (exclude workers who are not employees) 0
Report the total number of workers who are not employees whose work is controlled by the organization 18
Report the total number of workers who are not employees - Female 3
Report the total number of workers who are not employees - Male 15
Report the total number of workers who are not employees - Non-Binary Not Applicable
Not applicable.
Report the total number of workers who are not employees - Gender not disclosed Not Applicable
Not applicable.
Female workforce as percentage of total employed workforce 13.9241%
Male workforce as percentage of total employed workforce 70.8861%
Workers who are not employees (contractors) as percentage of total employed workforce 22.7848%
Direct Employees Information
Report the total number of direct employees by employment type (permanent and temporary), by gender 61
Total number of permanent employees 52
Total number of permanent employees - Female 8
Total number of permanent employees - Male 44
Total number of temporary employees 9
Total number of temporary employees - Female 0
Total number of temporary employees - Male 9
Report the total number of non-guaranteed hours for direct employees by gender 0
Total number of non-guaranteed hours for female employees 0
Total number of non-guaranteed hours for male employees 0
Report the total number of direct employees by employment type (full-time and part-time), by gender 61
Report the total number of full-time employees 61
Report the total number of part-time employees 0
Total number of full-time employees - Female 8
Total number of part-time employees - Female 0
Total number of full-time employees - Male 53
Total number of part-time employees - Male 0
Describe the methodologies and assumptions used to compile the data Information provided by managment.
Are the numbers reported in head count, full-time equivalent (FTE), or using another methodology Head count, with information from managment.
Are the numbers reported at the end of the reporting period, as an average across the reporting period, or using another methodology Numbers reported reflect year-end head count
according to on-site employees.
Provide contextual information necessary to understand the direct employment information provided  The information provided was recovered from
management database as of year-end.
Describe significant fluctuations, if any, in the number of direct employees during the reporting period and between reporting periods  Most of the turnover during the past year was
due to employees relocating.
Workers Who are Not Employees
Report the total number of workers who are not employees and whose work is controlled by the organization 18
Describe the most common types of worker and their contractual relationship with the organization Most of the workers who are not employees
are geologists hired on-site as contractors.  
The type of work they perform Exploration related activities, such as mapping,
oriented drilling, logistics, core logging and
modeling.
Report the total number of workers who are not employees by employment type (full-time and part-time) and by gender
Total number of full-time workers who are not employees - Female 3
Total number of part-time workers who are not employees - Female 0
Total number of full-time workers who are not employees - Male 15
Total number of part-time workers who are not employees -Male 0
Describe the methodologies and assumptions used to compile the information about workers who are not employees. Head count with information from managment.
Turnover
Report the total number and rate of turnover for all Direct Employees 
Total number of turnover (the number that left during the period) 5
Rate of turnover - direct employees 9.0909%
Turnover & Gender Breakdown
Female direct employees 
Total number of turnover (the number of females that left during the period) 2
Rate of turnover, females 25.0000%
Male direct employees
Total number of turnover (the number of males that left during the period) 3
Rate of turnover, males 6.3830%
Non-binary direct employees
Gender not disclosed employees
Total number of turnover (the number of "gender not disclosed" direct employees" that left during the period) 0
Rate of turnover, "gender not disclosed" Does Not Apply
Turnover & Age Breakdown
Direct Employees aged 30 years old and under 
Total number of turnover (the number that left during the period) 4
As percent of total direct employees 22.9508%
Rate of turnover 30.7692%
Direct Employees aged between 30 and 50 years old 
Total number of turnover (the number that left during the period) 1
As percent of total direct employees 44.2623%
Rate of turnover 3.7037%
Direct Employees over 50 years old
Total number of turnover (the number that left during the period) 0
As percent of total direct employees 18.0328%
Rate of turnover 0.0000%
Identify types of employees captured in the turnover rate calculations Other, please specify
Only direct, permanent and full time employees
are considered in turnover rates.
Average age of direct employees 39
Diversity and Equal Opportunity
Diversity of Governance Bodies
Report the percentage of the diversity categories for the highest governance body and the total workforce per employee type
Board of Directors
Total Board of Directors 8
Percent Male 75.0000%
Percent Female 25.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 0.0000%
Percent over 50 years of age 100.0000%
Percent minority or vulnerable group individuals in the "Board of Directors" category 0.0000%
Diversity of Direct Employees
Senior Management
Total Senior Managers 5
Percent Male 80.0000%
Percent Female 20.0000%
Percent of gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 60.0000%
Percent over 50 years of age 40.0000%
Percent of minority or vulnerable group individuals in the "Senior Management Employee" category 20.0000%
Salaried (excluding Senior Management)
Total Salaried (excluding Senior Management) 2
Percent Male 50.0000%
Percent Female 50.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 50.0000%
Percent over 50 years of age 50.0000%
Technical Employees (skilled hourly)
Total Technical Employees 0
Percent Male Does Not Apply
Percent Female Does Not Apply
Percent Gender not disclosed Does Not Apply
Percent under 30 years of age Does Not Apply
Percent between 30 and 50 years of age Does Not Apply
Percent over 50 years of age Does Not Apply
Labour Relations
Collective Bargaining Agreements
Percentage of total direct employees covered by collective bargaining agreements 0.0000%
For direct employees not covered by collective bargaining agreements, report whether the organization determines their working conditions and terms of employment based on collective bargaining agreements that cover its other employees or based on collective bargaining agreements from other organizations Not applicable.
Notice Periods
Minimum number of weeks’ notice typically provided to direct employees in the active workforce and their representatives prior to the implementation of significant operational changes that could substantially affect them
There is no minimum number of weeks' notice
required for employees. The Company adheres
to all local laws and regulations.
If your organization is subject to collective bargaining agreements, is the notice period and provisions for consultation and negotiation specified in those agreements No
Occupational Health and Safety
Work-related Injuries
Injuries - For the total workforce
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 0
Rate of recordable work-related injuries 0.000
Main types of work-related injury, e.g., confined space, trips, falls, etc Main type of injury would be those associated
with incidents at an exploration stage resource
company. Potential risks include falls, vehicle
accidents, and drill-rig specific injuries.
Number of hours worked 102,284
Lost Time Injuries (LTIs) 0
Lost Time Injuries Rate (LTIR) 0.000
Injuries - workers who are not employees, but whose work and/or workplace is controlled by the organization
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 0
Rate of recordable work-related injuries 0.000
Main types of work-related injury, e.g., confined space, trips, falls, etc Main type of injury would be those associated
with incidents at a exploration stage resource
company. Potential risks include falls, vehicle
accidents and drill rig specific injuries.
Number of hours worked 40,900
Lost Time Injuries (LTIs) 0
Lost Time Injuries Rate (LTIR) 0.000
Combined (Employees and non-employees, but controlled by the organization):
Total Hours Worked 143,184
Total number of all work-related injuries 0
Rate of work-related injuries 0.000
Total Lost Time Injuries (LTIs) 0
Lost Time Injuries Rate (LTIR) 0.000
Report the work-related hazards that pose a risk of high-consequence injury, including
How have these hazards been determined The Company's EVP of Exploration and on-site
General Manager are responsible for the health
and safety of employees and contractors.
Safety training is provided to individuals at site.
Risks are assessed consistent with common
practice of an exploration stage companies.
Which of these hazards have caused or contributed to high-consequence injuries during the reporting period There have been no incidents at site.
Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls Safety training is provided to mitigate risks.
Appropriate protocols are in place with all
equipment. Risks have been mitigated to an
appropriate level that is consistent with
rigorous industry standards.
Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls Workers activities (employees and contractors)
are closely supervised in order to identify and
prevent any risk or accident. Training on safety
matters is provided on daily basis.
Have rates been calculated based on 200,000 or 1,000,000 hours worked 200,000
Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors There have been no employee exclusions in this
disclosure.
Disclose any contextual information necessary to understand how the data have been compiled, i.e., any standards, methodologies, and assumptions used The data had been recovered from
Environment, Health and Safety reports,
completed weekly on site by staff, as well as
information provided by the company´s EVP of
Exploration and on-site General Manager.
Safety Training
Describe any occupational health and safety training provided to workers, including generic training, as well as training on specific work-related hazards, hazardous activities, or hazardous situations Safety training is provided on daily basis to on-
site workers, includes orientation in general
and specific hazards. Training is provided by on-
site supervisors and managment.
Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training
Average hours of health, safety, and emergency response training for (a) full-time/direct employees 9.21
Safety training is provided to employees on
daily basis as 5-minute talks, main topics focus
on exploration and drilling related risks.
Average hours of health, safety, and emergency response training for (b) contract employees/workers who are not employees 7.22
Security, Human Rights and Rights of Indigenous People
Describe the nature of any social risks, for all operating countries, that could have a material impact on the operations The ability to operate could be adversely
impacted by accidents or events detrimental
(or perceived to be detrimental) to the health,
safety and well-being of employees and
community members.  Mining has many
detractors.
Details:  Prime could be blamed for environmental changes or perceived social harms to the
community.  Increased dust, local water consumption, employment, and operational activities may impact local
perceptions.  Changes to the area may impact local ability to access resources or be seen as threatening to the
local community's existing way of life.

Community protest

The Company’s relationships with the communities in which it operates, and other stakeholders are critical to
ensuring the future success of the construction and development of its projects. In contrast to the many benefits
that mining provides to communities including good paying long-term jobs, taxes paid to local and federal
governments, infrastructure and other investments in local communities, improved roads, and access to remote
areas, improved power and water access, and financial support of rural and low income communities nearby, there
is an increasing level of public concern relating to the perceived effect of mining activities on the environment and
on communities impacted by such activities. Publicity adverse to the Company, its operations, or extractive
industries generally, could have an adverse effect on the Company and may impact relationships with the
communities in which the Company operates and other stakeholders.

External opposition

Certain non-governmental organizations (“NGOs”), some of which oppose globalization and resource
development, are often vocal critics of the mining industry and its practices, including the use of cyanide and other
hazardous substances in processing activities. Adverse publicity generated by such NGOs could have an adverse
effect on the Company’s reputation or financial condition and may impact its relationship with the communities in
which it operates.
Percentage of proved reserves that are located in or near areas of active conflict Does Not Apply
The total amount of proved reserves 0.000
Grade of proved reserves located in or near areas of active conflict
Metals
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of probable reserves that are located in or near areas of active conflict Does Not Apply
The total amount of probable reserves 0.000
Grade of probable reserves locate in or near areas of active conflict
Metals
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
The total amount of proved reserves 0.000
Grade of proved reserves locate in or near areas that are considered to be indigenous peoples’ land
Metals
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
The total amount of probable reserves 0.000
Grade of probable reserves located in or near areas that are considered to be indigenous peoples’ land Not applicable.
Metals
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Which indigenous rights of communities in which the entity operates or intends to operate are respected, provide a description of the entity's due diligence practices and procedures in the details. The Company does not operate in any
indigenous areas.
Not applicable.
Which human rights procedures the entity's due diligence practices include, provide description in the details Other, please specify
The Company has not conducted a human
rights due diligence based on its limited
operations.  As it gets into development stage
mining, a human rights due diligence program is
anticipated.  The Company aligns its policies
with the United Nations Guiding Principles on
Business and Human Rights and
ICMM/Sustainable Development Goals.
Discuss the practices and procedures while operating in areas of conflict, describing the approach according to the Five-Step Framework outlined in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas The Company does not operate in areas of
conflict.
Community Relations
Artisanal and Small-Scale Mining
Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) 0
Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site Does Not Apply
Report the associated risks and the actions taken to manage and mitigate these risks The Company does not have any sites where
artisanal and small-scale mining (ASM) takes
place.  Nor is any ASM adjacent to the
concession area. Therefore the associated risks
and the actions to manage and mitigate these
risks are not applicable.
Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business In 2023, the Company completed an Enterprise
Risk Management assessment that included
identification and mitigation of ESG and
community-related risks in the Area of
Influence.
Programs
Report on community relations programs, objectives and achievements in the past 3 years See notes.
In 2021, the Company conducted a third-party
Environmental and Social Baseline Study in the
mining concession area to better understand
existing basic environmental and community
conditions in the regions where we are
exploring (“Area of Influence”).

In 2022 water storage works and other
community support was provided.  

During 2023, an Education Program was
implemented assessing enrollment and basic
needs in schools inside the Area of Influence.
School supplies were provided to over 250 K-
12 students.  Construction of water ponds to
benefit locals was performed as part of the
Water Program, where over 180 heavy
machinery hours were invested. Activities such
as roads improvement and donation of heavy
machinery hours to Ejido tenants to assist them
in raising cattle and crops continued as prior
years.

We aspire to continually improve our strong
relationship with the Ejido and support
programs to enhance the socioeconomic
condition of its members.
Risks and Opportunities
Disclose the total number of site shutdowns or project delays due to non-technical factors 0
Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors 0
Discuss specific delays including associated costs, root cause and corrective actions for resolved delay, and status of ongoing delays Not applicable.
Governance
Policy commitments
Provide a description of the organization’s policy commitments for responsible business conduct At Prime, we hold ourselves to a high standard
of integrity and professional conduct. This
means not only ensuring compliance with the
laws and regulations, but also upholding our
values, Code of Conduct and voluntary
commitments under the United Nations
Guiding Principles on Business and Human
Rights and the International Council for Mining
and Metals Principles.
Please refer to Prime's Corporate Governance
site, where you can find:  
- Audit Committee Charter
- Code of Conduct and Ethics
- Health, Safety, Environment and Social
Responsibility Committee Charter
- Nominating and Corporate Governance
Committee Charter
- Compensation and Human Resources Charter
- Anti-Bribery and Anti-Corruption Policy
Disclosure Policy
- Confidentiality and Securities Trading Policy
- Human Rights and Diversity Policy
- Whistleblower Policy

Corporate Governance
What are (if any) the authoritative intergovernmental instruments that the commitments reference The United Nations Guiding Principles on
Business and Human Rights and the
International Council for Mining and Metals
Principles.
Do the commitments stipulate conducting due diligence Yes
Do the commitments stipulate applying the Precautionary Principle or Approach (see instructions). Yes
Do the commitments stipulate respecting human rights Yes
Describe the specific policy commitment to respect human rights All Prime Mining Corp. board members,
officers, employees, contractors or any third
party conducting work or acting on Prime
Mining Corp.’s behalf will behave in a manner
that respects human rights and avoids
infringing upon them. The Corporation will take
appropriate measures to ensure that this policy
is respected. For employees, non-compliance
with this policy may be grounds for disciplinary
action up to and including termination of
employment. For contractors, non-compliance
may be grounds for contract termination. The
Board of Directors is responsible
for overseeing this policy.
What are (if any) the internationally recognized human rights that the commitment covers Human Rights espoused in the UN Declaration
on Human Rights on which the UNGPs are
based.
What are the categories of stakeholders, including at-risk or vulnerable groups, that the organization gives particular attention to in the commitment Community members living in the area of
influence include the state-registered
Ejido.  There are no at-risk groups per se but
some community members have season-
constrained access to clean water and limited
medical care and educational
opportunity.  There are no self-identified
indigenous peoples in the concession Area of
Influence.
Provide links to the policy commitments, if publicly available, or, if the policy commitments are not publicly available, explain the reason for this In the following Corporate Governance link you
can find:
-Code of Conduct and Ethics.
-Anti-Bribery and Anti-Corruption Policy.
-Disclosure Policy.
-Confidentiality and Securities Trading Policy.
-Human Rights and Diversity Policy.
-Whistleblower Policy.
Corporate Governance
Report the level at which each policy commitment was approved within the organization, including whether this is the most senior level Each policy commitment was approved by the
Board of Directors and CEO who sits on the
Board of Directors.  This is the company's most
senior level.
To what extent the policy commitments apply to the organization’s activities and to its business relationships Prime Mining Corp. is committed to taking
actions to maintain a culture of respect for
human rights and good governance.  We work
with employees and contractors to make them
aware of our policies  and understand their
responsibilities.
Describe how the policy commitments are communicated to employees, business partners, and other relevant parties These measures include awareness-raising and
training on the policy and specific aspects
within it, such as how to report concerns
related to human rights  or governance via
company Whistleblower or other avenues.
Communication channels include our website,
on-site trainings, annual policy review and a
written commitment sign-off.
Embedding policy commitments
Describe how the organization embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships Measures to embed policy commitments
include awareness-raising and training on the
policies and specific aspects within it, such as
how to report concerns related to safety,
human rights  or governance via company
Whistleblower or grievance mechanisms, the
latter of which the company is in process of
developing. Communication channels include
our website, on-site trainings, company-wide
emails, messages from managerial leadership
and annual policy review and commitment sign-
off.
How are responsibilities allocated in order to implement the commitments across different levels within the organization Prime mining is a small company however in
2022, in addition to the overall responsibilities
of our Country Manager, it established a
position responsible for in-country ESG. This
role reports to executive management who
reports to the Board.
How are the commitments integrated into organizational strategies, operational policies, and operational procedures Policies are integrated into strategy including
how the company approaches governance and
risk.
How does the organization implement its commitments with and through its business relationships Prime requires key contractors to understand
and comply with its Code of Business Ethics and
Human Rights Policy.
What implementation training does the organization provide The Company provided anti-corruption
training, human rights and good governance
trainings in Mexico (for employees and key
contractors) and Insider Trading and other
governance trainings in the corporate
headquarters in Canada.  Live training is
required annually.  The Board received ESG
training in 2022.
Governance structure and composition
Describe its governance structure, including committees of the highest governance body; e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc. Prime has an 8-person Board of Directors.

The Board has 5 independent members and 3
non-independent members.

The Health, Safety, Environment and Social
Responsibility Committee is comprised of all
independent members and reports to the
Board on a quarterly basis.
List the committees of the highest governance body that are responsible for decision making on and overseeing the management of the organization’s impacts on the economy, environment, and people; e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc The Company has the governance committees
that report to the Board quarterly:

1. Health, Safety, Environment and Social
Responsibility Committee

2. Audit Committee

3. Nominating and Corporate Governance
Committee

4. Compensation and Human Resources
Committee.

Please refer to the link to access to Prime
Mining's Board Committee Charters.
Board Committee Charters
Delegation of responsibility for managing impacts
Describe whether the highest governance body has appointed any senior executives with responsibility for the management of organization’s impacts on the economy, environment, and people e.g., is it part of the Governance structure of the company, the CFO or internal audit reporting to the Board Yes.  The CEO reports to the Board on the
company's impacts.
Daniel Kunz, Prime Mining's CEO was
responsible for economic, environmental, and
social topics. Effective February 1, 2024, Scott
Hicks is now responsible.
Describe whether the highest governance body has delegated responsibility for the management of impacts to other employees The CEO reports to the Board of Directors, and
the Health, Safety, Environment and Social
ResponsibilityCommittee on a quarterly basis
or more frequently, as needed.
Governance structure and composition
Describe the composition of the highest governance body and its committees by:
Number of executive members (non-independent) 1
Number of non-executive members (non-independent) 2
Number of independent members 5
Less than 3 years of tenure of members on the governance body 3
3-6 years of tenure of members on the governance body 5
6-9 years of tenure of members on the governance body 0
More than 10 years of tenure of members on the governance body 0
Number of other significant positions and commitments held by each member, and the nature of the commitments Refer to attached Annual Information Form
(AIF).
Annual Information Form
Number of Male governance body members 6
Number of Female governance body members 2
Number of Non-Binary governance body members 0
Number of Gender not disclosed governance body members 0
Number of members from under-represented social groups 0
Description of competencies relating to economic, environmental, and social topics The Health, Safety, Environmental and Social
Responsibility Committee is comprised of

Edie Hofmeister (Chair)
Kerry Sparkes
Andrew Bowering

Please refer to AIF for individuals background
and competencies.
Description of stakeholder representation The Board of Directors has a fiduciary duty to
ensure they are acting in the best interests of
the corporation.  In that role, the Directors
consider the interests of all affected
stakeholders.
Highest Governance Body
Describe the nomination and selection processes for the highest governance body and its committees The Nominating and Corporate Governance
Committee evaluates qualifications of Board
and Committee members and provides
recommendations to the Board of Directors for
approval.
Do you have a diversity policy and if so, provide details, link to the policy or attach the file Refer to Human Rights and Diversity Policy in
the link below.
Corporate Governance
Report the criteria used for nominating and selecting highest governance body members
Discuss whether and how views of the stakeholders (including shareholders) are involved The Nominating and Corporate Governance
Committee takes stakeholders views into
consideration when making recommendations
regarding new membership in  the Committees
and on the Board of Directors.
Discuss whether and how diversity is considered Diversity is a consideration when determining
new members.
Discuss whether and how independence is considered Independence is considered. The Board of
Directors is to have a majority of independent
members. Committees are evaluated to ensure
they have an appropriate number of
independent members.
Discuss whether and how competencies relevant to the impacts of the organization are considered The Company completes an annual skills
evaluation of the Board members to ensure
that competencies are appropriate.
Chair of the highest governance body
Is the chair of the highest governance body also a senior executive in the organization (non-independent) No
Conflicts of Interest
Describe the processes for the highest governance body to ensure that conflicts of interest are prevented and mitigated The Company has a Code of Conduct and Ethics
that all directors and management must adhere
to.  It includes an obligation to disclose conflicts
of interest.

The Board annually evaluates its
legal  independence and is surveyed about any
potential conflicts of interest and related party
transactions.
Report whether conflicts of interest are disclosed to stakeholders, including, as a minimum, Yes
Are there conflicts of interest related to: cross-board membership Yes
Are there conflicts of interest related to: cross-shareholding with suppliers and other stakeholders No
The Company is not aware of any cross-
shareholding relationships.  
Are there conflicts of interest related to: existence of controlling shareholder Yes
Are there conflicts of interest related to: related parties, their relationships, transactions, and outstanding balances Yes
Collective knowledge of highest governance body
Report measures taken to advance the collective knowledge, skills, and experience of the highest governance body on sustainable development., e.g., board training Members of the  Health, Safety, Environment
and Social Responsibility Committee follow
ESG and legal trends globally and report to the
Committee and Board on relevant
developments.  Sources of information include
legal updates from the International Bar
Association Human Rights Committee, the
Harvard Law School Governance Forum and
MSCI's "ESG Now" Guidelines.  An ESG training
session was conducted for the Board in
2022.  Many board members bring decades of
collective experience and knowledge regarding
sustainable development in a mining context.
Evaluation of Highest Governance Body
Describe actions taken in response to the evaluations, including changes to the composition of the highest governance body and organizational practices The Board conducts a self-assessment
annually.  No actions were taken in response to
these evaluations.
Transparency
Describe the role of the highest governance body and of senior executives in developing, approving, and updating the organization’s purpose, value or mission statements, strategies, policies, and goals related to sustainable development Senior management, the Health, Safety,
Environment and Social Responsibility
Committee and the Governance and
Nominating Committee are responsible for
developing, approving and updating the
organization's policies, strategies, goals and
value statements. relating to sustainable
development.

Policies are reviewed and adjusted, as
appropriate, by the Board of Directors
annually.
Describe the role of the highest governance body in overseeing the organization’s due diligence and other processes to identify and manage the organization’s impacts on the economy, environment, and people Senior management has responsibility for
conducting economic, environmental and social
due diligence to determine company
impacts.   These are reported to the Board.
Describe whether and how the highest governance body engages with stakeholders to support these processes Prime does not have the kind of operation that
warrants this level of engagement with
stakeholders.  Management is responsible for
stakeholder engagement and reports material
communications to the Board.
Describe how the highest governance body considers the outcomes of these processes Please see above.
Ethics
Ethics and Integrity
Describe how individuals can seek advice on implementing the organization’s policies and practices for responsible business conduct Senior management has ongoing
communications with employees regarding the
code of conduct and supports in the
implementation of new policies. Additionally,
legal counsel can assist when needed to
implement new policies. The Company has
annual training sessions with all staff to ensure
that they are aware of the policies and
practices.  
Describe the mechanisms for individuals to raise concerns about the organization’s business conduct The Company has a whistleblower email and is
in the process of introducing a hotline.

The Company is in the process of implementing
a third part whistleblower and grievance
system which will help monitor any stakeholder
concerns.
Compliance with laws and regulations
Report the total number of significant instances of non-compliance with laws and regulations that occurred during the reporting period, and a breakdown of this total by: 0
Number of instances for which fines were incurred 0
Number of instances for which non-monetary sanctions were incurred 0
Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period 0
Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period ($Million) 0
Total number of fines paid for instances of non-compliance with laws and regulations that occurred in the current reporting period 0
Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period ($) 0
Total number of fines paid for instances of non-compliance with laws and regulations that occurred in previous reporting periods 0
Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods ($Million) 0
Describe the significant instances of non-compliance Not applicable. Prime is in compliance with
environmental laws and/or regulations in
Canada and Mexico.
Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain Refer to the Anti-Bribery and Anti-Corruption
Policy in the link below.
Corporate Governance
Anti-Corruption
Communication and Training
Total number of governance body members that the organization's anti-corruption policies and procedures have been communicated to 8
Total percentage of governance body members that have been communicated to on anti-corruption 100.0000%
Anti-corruption policies and procedures communication to the total direct employees by type:
Total number of the direct employees that have been communicated to on anti-corruption 61
Total percentage of the direct employees that have been communicated to on anti-corruption 100.0000%
All employees have been communicated with,
in regards to the Company's Policies and Codes,
proper agreement signature is collected
annually.
Total number of senior management employees that have been communicated to on anti-corruption 5
Percentage of senior management employees that have been communicated to on anti-corruption 100.0000%
Total number of governance body members that have received training on anti-corruption 8
All members of the Board have experience in
Mexico and have received anti-corruption
training.
Total number and percentage of direct employees that has received training on anti-corruption, broken down by employee category and region
Total number of direct employees that received training on anti-corruption 48
Total number of direct employees 61
Total percentage of direct employees that received training on anti-corruption 78.6885%
Training is mandatory for all
employees.  Absences from training can be
attributed to illness and a few former
employees who did not attend because they
were in their final days of work for the
Company.  
Total number of senior management employees who received training on anti-corruption 5
Total number of senior management employees 5
Percentage of senior management employees who received training on anti-corruption 100.0000%
Total number of middle management employees 0
Total number of technical employees 0
Total number of production employees 0
Total number of administrative employees 0
Communication of critical concerns
Describe whether and how critical concerns are communicated to the highest governance body Senior management reports to the Board on a
monthly basis. Significant issues are noted in
monthly reports. Any significant concerns that
require more timely communications to the
Board is addressed by the CEO as needed.
Report the number of critical concerns that were communicated to the highest governance body during the reporting period 0
Report the nature of critical concerns that were communicated to the highest governance body during the reporting period Not applicable.
Remuneration
Report which of the following remuneration policies apply to the highest governance body and senior executives:
Fixed pay Yes
Variable pay No
Performance-based pay Yes
Equity-based pay Yes
Bonuses Yes
Deferred and vested shares Yes
Sign-on bonuses Yes
Recruitment incentive payments No
Termination payments Yes
Clawbacks No
Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives, and all other employees No
Describe how the remuneration policies for members of the highest governance body and senior executives relate to their objectives and performance in relation to the management of the organization’s impacts on the economy, environment, and people The Compensation and Human Resources
Committee and Board, in partnership with the
CEO, annually identify objectives and impacts
in relation to this category.
Describe the process for designing its remuneration policies and for determining remuneration The Company has a third party compensation
advisor provide benchmarking and
recommendations on the compensation
policies.   The Compensation meets at least bi-
annually to discuss compensation matters.
Are independent members of the highest governance body or an independent remuneration committee overseeing the remuneration process Yes
How the views of stakeholders (including shareholders) regarding remuneration are sought and taken into consideration The Compensation Committee of the Board
evaluates compensation practices against Peer
Companies and consults with shareholders and
governance rating agencies, when appropriate,
in the evaluation of Director and Senior
Management compensation.
Describe whether remuneration consultants are involved in determining remuneration and, if so, whether they are independent of the organization, its highest governance body and senior executives Independent Consultants
Report the results of votes of stakeholders (including shareholders) on remuneration policies and proposals, if applicable Not applicable.
Stakeholder Engagement
Report the purpose of the stakeholder engagement Not applicable.
Tax
Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including
The approach to engagement with tax authorities The Company is compliant with tax laws in all
jurisdictions in which the Company
operates.  Tax risks and responsibilities are
reported in financial and other annual reports.
The approach to public policy advocacy on tax The Company does not advocate for tax policy
changes.
The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders The Company regularly engages with a
multitude of stakeholders (shareholders) and
an Independent Auditor regarding its financial
position, including taxes.  It also has a
Whistleblower policy which enables
stakeholders to express concerns regarding the
Company's approach to taxes.
This document was prepared using
, Planet Earth's complete ESG reporting solution.