RE:Sabina ( Back River/Goose/Nunavut) $110 mill deal.On February 8, 2022, Orion announced that Orion Fund III (Mt) LLC (the “Investor”), a limited liability company managed by Orion, entered into a subscription agreement (the “Subscription Agreement”) with the Issuer and Wheaton Precious Metals Corp. (“Wheaton”) on February 7, 2022, pursuant to which the Investor agreed to purchase an aggregate of 72,732,692 Common Shares, to be issued in three tranches, for aggregate - 2 - gross proceeds of C$94,552,499.60 or C$1.30 per Common Share (the “Orion Private Placement”). Pursuant to the Subscription Agreement, Wheaton agreed to concurrently purchase an aggregate of 19,395,384 Common Shares, to be issued in three tranches, for aggregate gross proceeds of approximately C$25 million (together with the Orion Private Placement, the “Private Placement”). The Issuer has notified Zhaojin International Mining Company Ltd. (“Zhaojin”) of its participation rights in respect of the Private Placement, which Zhaojin may exercise to acquire additional Common Shares in connection therewith.