RE:LEXi - MD&A/IFS - 10/30/18The Company paid IBC $126,550 (US$100,000) in cash upon the execution of the IBC Agreement. On August 28, 2017, the Company issued to IBC 5,000,000 of its Common Shares at a deemed price of $0.155 per Common Share, as quoted on the TSXV at the time of the transaction, and on February 22, 2018 and March 15, 2018 the Company paid an additional $318,800 (US$250,000) and $324,700 (US$250,000) respectively, which together constituted the Companys payment in full for testing and engineering services. The Company anticipates additional future costs for site licensing or engineering services for other minerals, should any resources or positive economic assessments in respect of such minerals be established.