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July 04, 2015 5:05 PM ET

Metals and Mining

Company Overview of Hecla Quebec Inc.

Company Overview

Hecla Quebec Inc. engages in mining business. It primarily explores for gold and silver deposits in the Abitibi region of north-western Quebec, Canada. The company owns a 100% interest in the mineral titles and mining leases that comprise the Casa Berardi mine, which include 296 contiguous designated claims covering a total area of approximately 36,660 acres, and two mining leases, BM 768 and BM 833 comprising 981 acres and 208 acres. It was formerly known as Aurizon Mines Ltd. and changed its name to Hecla Quebec Inc. in August 2013. The company is based in Vancouver, Canada. Hecla Quebec Inc. is a subsidiary of Hecla Mining Company.

Cathedral Place

Suite 1120

925 West Georgia Street

Vancouver, BC V6C 3L2

Canada

514 Employees

Phone:

604-687-6600

Fax:

604-687-3932

Key Executives for Hecla Quebec Inc.

Chief Executive Officer, President and Director
Age: 52
Chief Financial Officer, Executive Vice President and Executive Director
Age: 61
Vice President of Operations
General Manager of Technical Services
Corporate Secretary
Compensation as of Fiscal Year 2015.

Hecla Quebec Inc. Key Developments

Casa Berardi Reports Preliminary Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Casa Berardi reported preliminary production results for the fourth quarter and full year ended December 31, 2014. The company fourth quarter gold production of 39,382 ounces was 22% higher than the fourth quarter 2013 production of 32,386 ounces, and represented high quarterly production since Hecla purchased the mine on June 1, 2013. Annual gold production was 128,241 ounces. The mill operated at an average of 2,267 tpd in 2014.

Typhoon Exploration Inc. to Initiate an Exploration Campaign in Collaboration with Hecla Quebec Inc

Typhoon Exploration Inc. announced that it will initiate an exploration campaign in collaboration with Hecla Quebec Inc., on the Fayolle property (50%-owned by Hecla and 50%-owned by Typhoon). The Fayolle project needs to increase its resource base by the discovery of a new orebody. Typhoon and Hecla will devote great efforts towards the achievement of this goal.

Typhoon Exploration Inc. Confirms Joint Venture Arrangement with Hecla Quebec Inc. for the Development of Fayolle Project

Typhoon Exploration Inc. confirm its 50/50 joint venture arrangement with Hecla Quebec Inc. for the development of the Fayolle Project, located at approximately 130 kilometres southeast of Hecla's Casa Berardi Mine, in Quebec. Under the option agreement signed in May 2010, Hecla has also acquired 50% of Typhoon's interest in the Aiguebelle-Goldfields Property (6 mining claims, 51%-owned by Typhoon and 49%-owned by Agnico-Eagle Limited). Hecla has notified Typhoon that it will not exercise the second option entitling it to acquire an additional 15% interest in the project. Hecla has provided input on exploration programs and has become, since July 28, 2014, the project's operator with a 50% interest, by investing an amount of $10,016,454 in exploration expenditures and by subscribing to a total amount of $2,000,000 in common shares of Typhoon. The Fayolle Property comprises 39 mining claims and covers 1,373 hectares straddling the Porcupine-Destor Fault, one of the most productive gold bearing structures of the Abitibi Belt. The mineralized zones on the Fayolle Deposit are distributed along a major shear corridor of approximately 3.0 kilometres long by 1 kilometre wide.

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