<SEC-DOCUMENT>0001062993-17-003713.txt : 20170814
<SEC-HEADER>0001062993-17-003713.hdr.sgml : 20170814
<ACCEPTANCE-DATETIME>20170811175947
ACCESSION NUMBER:		0001062993-17-003713
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20170630
FILED AS OF DATE:		20170814
DATE AS OF CHANGE:		20170811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMX Royalty Corp
		CENTRAL INDEX KEY:			0001285786
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35404
		FILM NUMBER:		171026323

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 501-543 GRANVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1X8
		BUSINESS PHONE:		604-688-6390

	MAIL ADDRESS:	
		STREET 1:		SUITE 501-543 GRANVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1X8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EMX ROYALTY Corp
		DATE OF NAME CHANGE:	20170719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EURASIAN MINERALS INC
		DATE OF NAME CHANGE:	20040401
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
   <TITLE>EMX Royalty Corp.: Form 6-K - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR><B>Washington, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>FORM 6-K </FONT></B></P>
<P align=center><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 <BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P align=center>For the month of <STRONG>August, 2017</STRONG></P>
<P align=center>Commission File Number: <U><B>001-35404 </B></U></P>
<P align=center><B><FONT size=5><U>EMX ROYALTY CORPORATION</U></FONT><BR></B>(Translation of registrant&#146;s name into English) </P>
<P align=center><B>Suite 704 </B><B>&#150;</B><B> 595 Howe Street <BR>
Vancouver,
British Columbia V6C 2T5 <BR>
<U>Canada </U></B><B><U><BR></U></B>(Address of principal
executive offices)</P>
<P align=center>Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F. </P>
<P align=center>[X] Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]
Form 40-F</P>
<P align=center>Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&nbsp;&nbsp;&nbsp;]
</P>
<P align=center>Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&nbsp;&nbsp;&nbsp;]
</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=center><B><U>SUBMITTED HEREWITH</U></B></P>
<P align=justify><B><U>Exhibits:</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%" bgColor=#eeeeee><a href="exhibit99-1.htm">99.1 </a></TD>
    <TD bgColor=#eeeeee>
  <P align=justify><a href="exhibit99-1.htm">Condensed Consolidated Interim
Financial Statements for the period ended June 30, 2017</a></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" bgColor=#eeeeee><a href="exhibit99-2.htm">99.2 </a></TD>
    <TD bgColor=#eeeeee>
  <P align=justify><a href="exhibit99-2.htm">Management&#146;s Discussion and Analysis for the period ended June 30, 2017</a></P></TD></TR>
  <TR>
    <TD vAlign=top>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD vAlign=top bgColor=#eeeeee><a href="exhibit99-3.htm">99.3 </a></TD>
    <TD bgColor=#eeeeee><a href="exhibit99-3.htm">Form 52-109F2 - Certification of Interim Filings - CEO </a></TD>
  </TR>
  <TR>
    <TD vAlign=top>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD vAlign=top bgColor=#eeeeee><a href="exhibit99-4.htm">99.4 </a></TD>
    <TD bgColor=#eeeeee><a href="exhibit99-4.htm">Form 52-109F2 - Certification of Interim Filings - CFO </a></TD>
  </TR>
</TABLE>
<BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_3></A>
<P align=center><B>SIGNATURES </B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="50%" align=left >&nbsp; </TD>
  <TD align=left colSpan=2><B>EURASIAN MINERALS INC.</B> </TD>
  </TR>
  <TR>
    <TD width="50%" align=left >&nbsp;</TD>
  <TD align=left colSpan=2>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" align=left >&nbsp; </TD>
  <TD align=left colSpan=2>(Registrant) </TD>
  </TR>
  <TR>
    <TD width="50%" align=left >&nbsp;</TD>
  <TD align=left colSpan=2>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" align=left >Date: August 11. 2017</TD>
    <TD align=left width="8%">By: </TD>
    <TD width="42%" align=left style="BORDER-BOTTOM: #000000 1px solid">/s/ Kim Casswell</TD>
  </TR>
  <TR>
    <TD width="50%" align=left >&nbsp;</TD>
    <TD align=left width="8%">&nbsp;</TD>
    <TD align=left width="42%">&nbsp; </TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" align=left >&nbsp; </TD>
    <TD align=left width="8%">Name: </TD>
    <TD align=left width="42%">Kim Casswell</TD>
  </TR>
  <TR vAlign=top>
    <TD width="50%" align=left >&nbsp; </TD>
    <TD align=left width="8%">Title: </TD>
    <TD align=left width="42%">Corporate Secretary</TD>
  </TR></TABLE><BR>
<HR align=center width="100%" color=black noShade SIZE=5>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>EMX Royalty Corporation - Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">

<P><A name=page_1></A>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align=center><IMG src="logo.jpg" border=0> <BR>
</P>
<P align=justify>&nbsp;</P>
<P align=center><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS INC.)
</B><BR><B>CONSOLIDATED FINANCIAL STATEMENTS </B><BR><B>(Expressed in Canadian
Dollars) </B></P>
<P align=center>&nbsp;</P>
<P align=center><B>June 30, 2017 </B></P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify>&nbsp;</P>
<P align=justify>&nbsp;</P>
<P align=center><B>NOTICE TO READER</B></P>
<P align=center>&nbsp;</P>
<P align=justify>The accompanying unaudited condensed consolidated interim
financial statements of EMX Royalty Corporation (Formerly Eurasian Minerals
Inc.) for the six months ended June 30, 2017 have been prepared by management
and approved by the Audit Committee and the Board of Directors of the Company.
These condensed consolidated interim financial statements have not been reviewed
by the Company&#146;s external auditors. </P>
<P align=justify>&nbsp;</P>
<P align=justify>&nbsp;</P>
<P align=justify>&nbsp;</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS INC.)
</B><BR>CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION<B>
</B><BR>(Expressed in Canadian Dollars) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left ><B>ASSETS</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>Current</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Cash and cash equivalents </TD>
    <TD align=left width="1%" >$</TD>
    <TD align=right width="17%">&nbsp;6,293,745 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >$</TD>
    <TD align=right width="17%">&nbsp;3,199,686 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Investments
      (Note 3) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>817,312 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>262,756 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Receivables (Note 4) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">3,299,986 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">3,430,006 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >&nbsp; &nbsp;Prepaid expenses </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>95,387 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>28,496 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Total current assets </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">10,506,430 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">6,920,944 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Non-current</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Restricted cash
      (Note 5) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>242,037 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>359,172 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Receivables (Note 4) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">792,228 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">1,412,727 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Property and
      equipment (Note 6) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>436,401 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>471,704 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Notes receivable (Note 7) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">913,648 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Investment in
      associated companies (Note 8) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>5,216,480 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>4,992,823 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Strategic investments (Note 3)
    </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">130,952 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">212,798 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Exploration and
      evaluation assets (Note 9) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>2,039,900 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>2,145,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Royalty interest (Note 10) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">24,118,965 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">25,831,152 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Reclamation
      bonds (Note 11) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>522,943 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>639,427 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Goodwill (Note 12) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">4,491,414 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">4,753,324 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >&nbsp; &nbsp;Other assets </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>104,484 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>104,484 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Total non-current assets </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">39,009,452 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">40,922,611 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      ><B>TOTAL ASSETS</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">49,515,882 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;47,843,555 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>LIABILITIES</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Current</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Accounts payable
      and accrued liabilities </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>548,637 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>577,265 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; &nbsp;Advances from joint venture partners (Note 13)
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">183,977 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">341,361 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Total current liabilities </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>732,614 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>918,626 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>Non-current</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; &nbsp;Deferred income tax liability </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">4,491,414 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">4,753,324 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>TOTAL LIABILITIES</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">5,224,028 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">5,671,950 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>SHAREHOLDERS' EQUITY</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Capital stock
      (Note 14) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>123,843,019 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>117,504,585 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; &nbsp;Commitment to issue shares (Note
      14) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp; &nbsp;Reserves </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>21,611,156 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>21,656,380 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; &nbsp;Deficit </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">(101,162,321</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">(96,989,360</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    ><B>TOTAL SHAREHOLDERS' EQUITY</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>44,291,854 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>42,171,605 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    ><B>TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;49,515,882 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;47,843,555 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Nature of operations and going concern
      </B>(Note 1) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
<TD align=left width="2%" >&nbsp;</TD></TR></TABLE>
<P align=justify><B>Approved on behalf of the Board of Directors on August 8,
2017</B> </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Signed:
      <I>&#147;</I><I>David M Cole</I><I>&#148;</I> </TD>
    <TD align=left width="16%">Director </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      width="32%">Signed: <I>&#147;</I><I>Larry Okada</I><I>&#148;</I> </TD>
    <TD align=left width="16%">Director </TD></TR></TABLE></DIV>
<P align=center>The accompanying notes are an integral part of these condensed
consolidated interim financial statements. </P>
<P align=center>Page 1 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=justify><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS INC.)
</B><BR>CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS <BR>(Expressed in
Canadian Dollars) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Three
      month</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Three
      month</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Six
      month period</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Six
      month period</B> </TD>
  <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="12%" align=right nowrap><B>period ended</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="12%" align=right nowrap><B>period ended</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="12%" align=right nowrap><B>ended</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="12%" align=right nowrap><B>ended</B> </TD>
  <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2016</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2016</B> </TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
  <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>ROYALTY INCOME</B> </TD>
    <TD vAlign=bottom align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>&nbsp;608,532</TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>373,266 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>1,053,875 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>764,004 </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Cost of sales</B> </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%">&nbsp; </TD>
  <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Gold tax </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(30,426</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(18,663</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(52,693</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(38,200</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
  </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Depletion (Note 10) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(489,813</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(361,352</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(872,947</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(765,640</TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Net royalty (loss) income </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>88,293 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(6,749</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>128,235 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(39,836</TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
  <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>EXPLORATION EXPENDITURES
      (Note 9)</B> </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>1,437,451 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>1,300,154 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>2,724,983 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>2,590,841 </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Less: recoveries </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(464,677</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(162,114</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(613,322</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(355,346</TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Net exploration expenditures </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>972,774 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>1,138,040 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>2,111,661 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>2,235,495 </TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
  <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>GENERAL AND ADMINISTRATIVE
      EXPENSES</B> </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Administrative and office </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">173,939 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">192,863 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">383,715 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">446,589 </TD>
  <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Depreciation (Note 6) </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>28,622 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>28,622 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>57,244 </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Investor relations and shareholder
      information </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">136,169 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">40,644 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">221,658 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">118,246 </TD>
  <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Professional fees </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>184,887 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>153,535 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>313,543 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>190,742 </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Salaries and consultants (Note 15) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">247,895 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">345,080 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">534,542 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">698,260 </TD>
  <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Share-based payments (Note
      14) </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>58,386 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>13,731 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>58,386 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>27,462 </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Transfer agent and filing fees </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">56,102 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">13,702 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">144,097 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">97,892 </TD>
  <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Travel </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>25,210 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>10,609 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>36,649 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>31,988 </TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Total general and administrative expenses </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">882,588 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">798,786 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">1,721,212 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">1,668,423 </TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
  <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Loss from operations</B> </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(1,767,069</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(1,943,575</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(3,704,638</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(3,943,754</TD>
  <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
  <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Change in fair value of fair value throught
      profit or loss investments </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(67,165</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">259,795 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">216,335 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">276,862 </TD>
  <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Gain (loss) on acquisition
      and sale of exploration and evaluation assets </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(645</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>165,834 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(33,850</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
  </TD></TR>
  <TR vAlign=top>
    <TD align=left >Equity loss in associated companies (Note 8)
    </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(328,747</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(300,200</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(519,364</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(497,800</TD>
  <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Foreign exchange gain (loss)
    </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(403,456</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>105,068 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(334,089</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>(248,959</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)
  </TD></TR>
  <TR vAlign=top>
    <TD align=left >Realized loss on sale of investments </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(192,811</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(230,949</TD>
  <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Interest and other gains on
      derivative instruments </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>117,308 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>24,486 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>120,193 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%" bgColor=#e6efff>50,648 </TD>
  <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Writedown of goodwill (Note 12) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(32,059</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >)</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(380,978</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(103,791</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%">(722,738</TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD></TR>
  <TR>
    <TD bgColor=#e6efff >&nbsp; </TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom width="12%" bgColor=#e6efff>&nbsp; </TD>
  <TD vAlign=bottom width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Loss before income taxes</B> </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(2,481,188</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(2,428,860</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(4,159,520</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="12%">(5,350,540</TD>
  <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Deferred income tax recovery </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(56,461</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>378,238 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(13,441</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>521,433 </TD>
  <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
  <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    ><B>Loss for the period</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>&nbsp;(2,537,649</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>)</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(2,050,622</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>)</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(4,172,961</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(4,829,107</TD>
  <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
  <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    ><B>Basic and diluted loss per share</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>&nbsp;(0.03</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>)</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(0.03</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(0.05</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>(0.07</TD>
  <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="12%">&nbsp; </TD>
  <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    ><B>Weighted average number of common shares outstanding</B>
    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>78,738,694 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>73,839,545 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>76,448,354 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="12%" bgColor=#e6efff>73,726,963 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=center>The accompanying notes are an integral part of these condensed
consolidated interim financial statements. </P>
<P align=center>Page 2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=justify><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS INC.)
</B><BR>CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS
<BR>(Expressed in Canadian Dollars) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Three
      month</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Three
      month</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Six
      month</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="12%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Six
      month</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="12%" align=right nowrap><B>period ended</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="12%" align=right nowrap><B>period ended</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="12%" align=right nowrap><B>period ended</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="12%" align=right nowrap><B>period ended</B> </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2016</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="12%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2016</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Loss for the period</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;(2,537,649</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;(2,050,622</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;(4,172,961</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;(4,829,107</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Other comprehensive income (loss)</B>
</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Change in fair value of available-for-sale investments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">(130,953</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">84,765 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">(81,846</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">137,622 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>Currency translation adjustment </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%"
    bgColor=#e6efff>(470,531</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%"
    bgColor=#e6efff>(19,120</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%"
    bgColor=#e6efff>(757,290</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%"
    bgColor=#e6efff>(1,698,173</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Comprehensive loss for the period </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;(3,139,133</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;(1,984,977</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;(5,012,097</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;(6,389,658</TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR></TABLE>
<P align=center>The accompanying notes are an integral part of these condensed
consolidated interim financial statements. </P>
<P align=center>Page 3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A>
<P align=justify><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS INC.)
</B><BR>CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS <BR>(Expressed
in Canadian Dollars) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD colspan="4" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Six
      month period ended</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=right width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="17%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="17%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2016</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Cash flows from operating activities</B>    </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Loss for the period </TD>
    <TD vAlign=bottom align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="17%"
    bgColor=#e6efff>&nbsp;(4,172,961</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)</TD>
    <TD vAlign=bottom align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD vAlign=bottom align=right width="17%"
    bgColor=#e6efff>&nbsp;(4,829,107</TD>
  <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)  </TD></TR>
  <TR vAlign=top>
    <TD align=left >Items not affecting operating activities: </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Interest income
      received </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(3,009</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(4,610</TD>
  <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)  </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Unrealized foreign exchange effect on
      cash and cash equivalents </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(20,334</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(423,560</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Items not affecting cash: </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Share based payments </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">58,386 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Commitment to issue
      shares </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>27,462 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Change in fair value of fair value
      through profit or loss investments (Note 3) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(216,335</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(276,862</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Realized loss on sale
      of investments </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>230,949 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Accretion interest on long term
      receivable </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(85,490</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Derivative loss on
      accounts receivable </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(12,460</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Interest on convertible loan </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(19,234</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(46,037</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Deferred income tax
      expense (recovery) </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>13,441 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(521,433</TD>
  <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)  </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Depreciation </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">35,303 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">73,844 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Depletion (Note 10) </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>872,947 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>765,640 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Gain on option payments received (Note
      9) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(24,720</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Writedown of goodwill    </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>103,791 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>722,738 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;(Gain) loss on acquisition and sale of
      exploration and evaluation assets </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(165,834</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">14,238 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Derecognition of
      property and equipment on sale of exploration and evaluation assets </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>19,612 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Equity loss in associated companies </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">519,364 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">497,800 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Unrealized foreign
      exchange loss </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>111,088 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>16,859 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Shares received from operating partners
      included in exploration recoveries </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(173,331</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(55,000</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Changes in non-cash working
      capital items: </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Receivables </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">813,906 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">203,757 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Prepaid expenses </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(66,891</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(73,565</TD>
  <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)  </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Accounts payable and accrued
      liabilities </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(28,628</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(168,625</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >&nbsp;Advances from joint venture partners </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>(157,384</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>(9,203</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>Total cash used in operating activities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%">(2,593,665</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%">(3,859,823</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>Cash flows from investing
      activities</B> </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Acquisition and sale of exploration and
      evaluation assets, net option payments received </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">105,100 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">129,820 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Interest received on
      cash and cash equivalents </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>3,009 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>4,610 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Convertible note receivable (Note 7)</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(1,005,277</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">(281,580</TD>
    <TD vAlign=bottom align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Proceeds from sale of
      fair value through profit and loss investments, net </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>93,405 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Proceeds from sale of
      available-for-sale financial instruments, net </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">17,375 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Purchase of equity in
      an associated entitiy </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(743,021</TD>
    <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Restricted cash </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">117,135 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">17,805 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Purchase and sale of
      property and equipment, net </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(16,999</TD>
  <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)  </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;Reclamation bonds (Note 11) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%">116,484 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%">204,333 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    ><B>Total cash used in investing activities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>(1,406,570</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>168,769 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Cash flows from financing activities</B>    </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="17%">&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Proceeds received from
      private placements, net of share issue costs (Note 14) </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>6,988,260 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>- </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;Proceeds from exercise of options (Note 14) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%">85,700 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%">14,850 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    ><B>Total cash used in financing activities</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>7,073,960 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>14,850 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="17%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="17%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >&nbsp;Effect of exchange rate changes on cash and cash
      equivalents </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>20,334 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>423,560 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="17%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="17%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>Change in cash and cash
      equivalents</B> </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>3,094,059 </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%" bgColor=#e6efff>(3,252,644</TD>
  <TD vAlign=bottom align=left width="2%"  bgColor=#e6efff>)  </TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Cash and cash equivalents, beginning</B>    </TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">3,199,686 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >&nbsp;</TD>
    <TD vAlign=bottom align=right width="17%">5,634,601 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    ><B>Cash and cash equivalents, ending</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>&nbsp;6,293,745 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="17%" bgColor=#e6efff>&nbsp;2,381,957 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>Supplemental disclosure with respect to cash flows (Note 18)
</P>
<P align=center>The accompanying notes are an integral part of these condensed
consolidated interim financial statements. </P>
<P align=center>Page 4 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_7></A>
<P align=justify><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS INC.)
</B><BR>CONDENSED CONSOLIDATED INTERIM STATEMENTS OF SHAREHOLDERS&#146; EQUITY
<BR>(Expressed in Canadian Dollars) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="7%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp; </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp; </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp; </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD colspan="4"
    align=center nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Reserves</B> </TD>
    <TD width="2%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp; </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD align=left></TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Accumulated</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><B>&nbsp;other</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left></TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="7%" align=right nowrap><STRONG>Number of </STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Commitment</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Share-</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>comprehensive</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap></TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="7%" align=right nowrap><B>common</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Capital </STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><B>&nbsp;to</B> <STRONG>issue</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><B>based</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><B>gain</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=left nowrap>&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>shares</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>stock</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>&nbsp;shares</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>payments</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>(loss)</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Deficit</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Total</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Balance as at December 31, 2016</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff><B>74,089,710</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;117,504,585</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;-</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;11,607,230</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;10,049,150</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;(96,989,360</B></TD>
    <TD align=left width="2%"  bgColor=#e6efff><B>)</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;42,171,605</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Shares issued for exercise of stock options </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">75,000 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">85,700 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">85,700 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Shares issued for private placement    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>5,000,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>6,200,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>800,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>7,000,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Finder's fees in units </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">246,604 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">305,789 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">39,457 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">345,246 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Shares issued for compensation </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>48,634 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>58,386 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>58,386 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Share issuance costs in units </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">(345,246</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">(345,246</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Share issuance costs in cash </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(11,740</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(11,740</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Reclass of reserves for exercise of options </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">45,545 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">(45,545</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Foreign currency translation
      adjustment </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(757,290</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(757,290</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Change in fair value of financial instruments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">(81,846</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">(81,846</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>&nbsp;Loss for the period </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>(4,172,961</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>(4,172,961</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left><B>Balance as at
      June 30, 2017</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>79,459,948</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    ><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>&nbsp;123,843,019</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    ><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>&nbsp;-</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    ><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>&nbsp;11,561,685</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    ><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>&nbsp;10,049,471</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    ><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>&nbsp;(101,162,321</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    ><B>)</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    ><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="7%"><B>&nbsp;44,291,854</B> </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD style="BORDER-TOP: #000000 2px solid" align=left></TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=right width="1%"
    >&nbsp;</TD>
    <TD width="7%" align=right nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=right nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=right nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD colspan="4"
    align=center nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><STRONG>Reserves&nbsp;</STRONG></TD>
    <TD width="2%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=right nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="7%" align=right nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=right width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD align=left></TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Accumulated</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD align=right width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left></TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="7%" align=right nowrap><STRONG>Number of&nbsp;</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Commitment</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Share-</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>other</STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD align=right width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="7%" align=right nowrap><B>common</B> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>Capital </STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><B>&nbsp;to</B> <STRONG>issue </STRONG></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><B>based </B></TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=left nowrap ></TD>
    <TD width="7%" align=right nowrap><STRONG>comprehensive</STRONG> </TD>
    <TD width="2%" align=left nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD width="2%" align=right nowrap ></TD>
    <TD width="1%" align=right nowrap ></TD>
    <TD width="7%" align=right nowrap></TD>
    <TD align=right width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>Shares</STRONG></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>stock</STRONG></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>shares</STRONG> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>payments</STRONG> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>gain</STRONG> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>Deficit</STRONG></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="7%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><STRONG>Total</STRONG> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Balance as at December 31, 2015</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff><B>73,534,710</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;117,000,052</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;139,138</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;10,362,229</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;10,125,295</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;(94,305,878</B></TD>
    <TD align=left width="2%"  bgColor=#e6efff><B>)</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff><B>$</B></TD>
    <TD align=right width="7%" bgColor=#e6efff><B>&nbsp;43,320,836</B> </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Shares issued for acquisition of a royalty interest    </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">250,000 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">145,000 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">145,000 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Shares issued as incentive stock
      grants </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>140,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>166,600 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(166,600</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Shares issued from exercise of options </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">22,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">14,850 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">14,850 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Commitment to issue shares </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>27,462 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>27,462 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Reclassification of fair value of options exercised    </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">7,990 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">(7,990</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Foreign currency translation
      adjustment </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(1,698,173</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="7%" bgColor=#e6efff>(1,698,173</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Change in fair value of financial instruments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">137,622 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="7%">137,622 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>&nbsp;Loss for the period </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>(4,829,107</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="7%"
    bgColor=#e6efff>(4,829,107</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="7%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff><B>Balance as at June 30, 2016</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>73,947,210</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>&nbsp;117,334,492</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>&nbsp;-</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>&nbsp;10,354,239</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>&nbsp;8,564,744</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>&nbsp;(99,134,985</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff><B>)</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff><B>$</B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="7%"
    bgColor=#e6efff><B>&nbsp;37,118,490</B> </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=center>The accompanying notes are an integral part of these condensed
consolidated interim financial statements. </P>
<P align=center>Page 5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_8></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD></TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD></TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD></TR></TABLE>
<P align=justify><B>1. NATURE OF OPERATIONS AND GOING CONCERN </B></P>
<P align=justify>EMX Royalty Corporation (the &#147;Company&#148; or &#147;EMX&#148;) and its
subsidiaries operates as a royalty and prospect generator engaged in the
exploring for, and generating royalties from, metals and minerals properties.
The Company&#146;s royalty and exploration portfolio mainly consists of properties in
North America, Turkey, Europe, Haiti, Australia, and New Zealand. The Company&#146;s common shares are listed on the TSX Venture Exchange
(&#147;TSX-V&#148;) and the NYSE MKT under the symbol of &#147;EMX&#148;. The Company&#146;s head office
is located at 501 - 543 Granville Street, Vancouver, British Columbia, Canada
V6C 1X8.</P>
<P align=justify>Subsequent to June 30, 2017, on July 19, 2017 the Company
officially changed its name to EMX Royalty Corporation, formerly Eurasian
Minerals Inc. </P>
<P align=justify>These condensed consolidated interim financial statements have
been prepared using International Financial Reporting Standards (&#147;IFRS&#148;)
applicable to a going concern, which assumes that the Company will be able to
realize its assets, discharge its liabilities and continue in operation for the
following twelve months.</P>
<P align=justify>Management estimates it has sufficient funding for operations
for the ensuing year, which results in the going concern assumption being an
appropriate underlying concept for the preparation of these consolidated
financial statements. </P>
<P align=justify>Some of the Company&#146;s activities for exploration and evaluation
assets are located in emerging nations and, consequently, may be subject to a
higher level of risk compared to other developed countries. Operations, the
status of mineral property rights and the recoverability of investments in
emerging nations can be affected by changing economic, legal, regulatory and
political situations. </P>
<P align=justify>At the date of these condensed consolidated interim financial
statements, the Company has not identified a known body of commercial grade
mineral on any of its exploration and evaluation assets. The ability of the
Company to realize the costs it has incurred to date on these exploration and
evaluation assets is dependent upon the Company identifying a commercial mineral
body, to finance its development costs and to resolve any environmental,
regulatory or other constraints which may hinder the successful development of
the exploration and evaluation assets.</P>
<P align=justify>These condensed consolidated interim financial statements of
the Company are presented in Canadian dollars unless otherwise noted, which is
the functional currency of the parent company and its subsidiaries except as to
Bullion Monarch Mining, Inc., the holder of a royalty income stream whose
functional currency is the United States (&#147;US&#148;) dollar. </P>
<P align=justify><B>2. STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </B></P>
<P align=justify><B>Statement of Compliance </B></P>
<P align=justify>These consolidated financial statements have been prepared in
accordance with IFRS as issued by the International Accounting Standards Board
(&#147;IASB&#148;) and interpretations of the International Financial Reporting
Interpretations Committee (&#147;IFRIC&#148;). </P>
<P align=justify>These consolidated financial statements have been prepared on a
historical cost basis, except for financial instruments classified as fair value
through profit or loss or available for sale, which are stated at their fair
value. In addition, these consolidated financial statements have been prepared
using the accrual basis of accounting except for cash flow information. </P>
<P align=justify><B>Summary of Significant Accounting Policies </B></P>
<P align=justify>The accounting policies applied by the Company in these
unaudited condensed consolidated interim financial statements are consistent
with those applied in its audited consolidated financial statements as at and
for the year ended December 31, 2016.</P>
<P align=center>Page 6 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_9></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>2. STATEMENT OF COMPLIANCE AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </B>(Continued) </P>
<P align=justify><B>Accounting pronouncements not yet effective</B> </P>
<P align=justify>The following standards and pronouncements have been issued by
the IASB and have not yet been adopted by the Company. The Company is currently
evaluating the impact the new and amended standards are expected to have on its
consolidated financial statements. </P>
<P align=justify>IFRS 9 requires financial assets to be classified into three
measurement categories on initial recognition: those measured at fair value
through profit and loss, those measured at fair value through other
comprehensive income and those measured at amortized cost. Measurement and
classification of financial assets is dependent on the entity&#146;s business model
for managing the financial assets and the contractual cash flow characteristics
of the financial asset. For financial liabilities, the standard retains most of
the IAS 39 requirements. </P>
<P align=justify>In May 2014, the IASB issued IFRS 15 Revenue from Contracts
with Customers ("IFRS 15"), which supersedes IAS 11 Construction Contracts, IAS
18 Revenue, IFRIC 13 Customer Loyalty Programmes, IFRIC 15 Agreements for the
Construction of Real Estate, IFRIC 18 Transfers of Assets from Customers, and
SIC 31 Revenue - Barter Transactions involving Advertising Services. IFRS 15
establishes a single five-step model framework for determining the nature,
amount, timing and uncertainty of revenue and cash flows arising from a contract
with a customer. The standard is effective for annual periods beginning on or
after January 1, 2018, with early adoption permitted.</P>
<P align=justify>IFRS 16 Leases was issued in January 2016 (effective January 1,
2019) and provides a single lessee accounting model, requiring lessees to
recognize assets and liabilities for all leases unless the lease term is 12
months or less or the underlying asset has a low value.</P>
<P align=justify><B>Critical Accounting Judgments and Significant Estimates and
Uncertainties </B></P>
<P align=justify>The critical judgments and estimates applied in the preparation
of the Company&#146;s unaudited condensed interim consolidated financial statements
for the six months ended June 30, 2017 are consistent with those applied in the
Company&#146;s December 31, 2016 audited consolidated financial statements. </P>
<P align=justify><B>3. INVESTMENTS </B></P>
<P align=justify>At June 30, 2017, the Company had the following investments:
</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Accumulated</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>June 30, 2017</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Cost</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>unrealized loss</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Fair value</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Fair value through profit or loss</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >&nbsp;Marketable securities </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;1,979,972 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;(1,162,660</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;817,312 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;Total Fair value through profit or loss
    </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">1,979,972 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">(1,162,660</TD>
    <TD align=left width="2%" >) </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">817,312 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>Available-for-sale</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;Marketable securities </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">910,473 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">(779,521</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">130,952 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Total investments </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;2,890,445 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;(1,942,181</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;948,264 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>Included in the investments at FVTPL is $79,220 as the value of
the equity conversion option on convertible notes (Note 7) </P>
<P align=center>Page 7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_10></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>3. INVESTMENTS </B>(Continued)</P>
<P align=justify>At December 31, 2016, the Company had the following
investments: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Accumulated</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>December 31, 2016</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Cost</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>unrealized loss</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Fair value</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff ><B>Fair value through profit
      or loss</B> </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;Marketable securities </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">&nbsp;1,641,751 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">&nbsp;(1,378,995</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">&nbsp;262,756 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >&nbsp;Total Fair value
      through profit or loss </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>1,641,751 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>(1,378,995</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>262,756 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>Available-for-sale</B> </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >&nbsp;Marketable securities </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>910,473 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>(697,675</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>212,798 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      >Total investments </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;2,552,224 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;(2,076,670</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;475,554 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify><B>4. RECEIVABLES </B></P>
<P align=justify>The Company&#146;s receivables are related to the sale of foreign
subsidiaries, royalty receivable, goods and services tax and harmonized sales
taxes receivable from government taxation authorities, and recovery of
exploration expenditures from joint venture partners, as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left ><B>Category</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Sale of Akarca </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;3,319,031 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;4,145,898 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Royalty income receivable </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">313,420 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">306,513 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Refundable taxes </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>144,551 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>142,857 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Recoverable exploration expenditures and
      advances </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">66,759 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">79,090 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Sale of foreign subsidiaries
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>86,035 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Other </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">162,417 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">168,375 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >As at June 30, 2017 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>4,092,214 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>4,842,733 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Less: Long term portion </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">(792,228</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">(1,412,727</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;3,299,986 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;3,430,006 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The carrying amounts of the Company&#146;s current and non &#150; current
receivables are denominated in the following currencies: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left ><B>Currency</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%"><B>June 30, 2017</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Canadian Dollars </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;125,604 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;48,448 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >US Dollars </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">3,915,922 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">4,744,825 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Turkish Lira </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>23,282 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>41,785 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Swedish Krona </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">24,769 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">6,824 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Other </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>2,637 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>851 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;4,092,214 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;4,842,733 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify><B>5. RESTRICTED CASH </B></P>
<P align=justify>At June 30, 2017, the Company classified $242,037 (December 31,
2016 - $359,172) as restricted cash. This amount is comprised of $186,938
(December 31, 2016 - $189,233) held as collateral for its corporate credit
cards, $Nil (December 31, 2016 - $65,706) held as a security deposit for the
Company&#146;s Haiti exploration program, and $55,099 (December 31, 2016 &#150; $104,233)
cash held by wholly-owned subsidiaries of the Company whose full amount is for
use and credit to the Company&#146;s exploration venture partners in USA. </P>
<P align=center>Page 8 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_11></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>6. PROPERTY AND EQUIPMENT </B></P>
<P align=justify>During the six months ended June 30, 2017 depreciation of
$6,681 (2016 - $11,116) has been included in exploration expenditures.</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Computer</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Field</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Office</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Vehicles</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Building</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Land</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="8%"><B>Total</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B>Cost</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff>As
      at December 31, 2016 and June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;110,243 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;80,933 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;2,381 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>578,508 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;414,526 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;1,186,591 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD>
    <TD vAlign=bottom width="1%" >&nbsp;</TD>
    <TD vAlign=bottom width="8%">&nbsp; </TD>
    <TD vAlign=bottom width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff><B>Accumulated depreciation</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;As at
      December 31, 2016 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;107,132 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;55,488 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;2,381 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">549,886 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;714,887 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>&nbsp;&nbsp; Additions </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>519 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>6,162 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>28,622 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>35,303 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;As at June
      30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;107,651 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;61,650 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;2,381 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">578,508 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="1%" >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
    width="8%">&nbsp;750,190 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
    width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff><B>Net book value</B> </TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD vAlign=bottom align=left width="8%" bgColor=#e6efff>&nbsp; </TD>
    <TD vAlign=bottom align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;As at December 31, 2016 </TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">&nbsp;3,111 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">&nbsp;25,445 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">&nbsp;- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">&nbsp;- </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">28,622 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">&nbsp;414,526 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD>
    <TD vAlign=bottom align=left width="1%" >$</TD>
    <TD vAlign=bottom align=right width="8%">&nbsp;471,704 </TD>
    <TD vAlign=bottom align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>&nbsp;As at June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;2,592 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;19,283 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;414,526 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="1%"  bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=right
    width="8%" bgColor=#e6efff>&nbsp;436,401 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" vAlign=bottom align=left
    width="2%"  bgColor=#e6efff>&nbsp;</TD></TR></TABLE></DIV>
<P align=justify>During the six months ended June 30, 2016, the Company sold
certain foreign operations for a net loss of $33,205. Included in this loss was
property and equipment with a net book value of $19,612.</P>
<P align=justify><B>7. NOTES RECEIVABLE </B></P>
<P align=justify>During the six months ended June 30, 2017, the Company entered
into a convertible loan agreements with IG Copper, LLC (&#147;IGC&#148;), an associated company of EMX (Note 8) allowing IGC to
borrow up to US$750,000 (&#147;IGC Loan&#148;). The loans carry an interest rate of 8% per
annum and the full amount of the principal and interest is due 12 months from
the date of the loan. The full US$750,000 has been drawn. At any time prior to
the maturity date, the Company has the right to convert all or any part of the
principal sum and accrued interest into membership Units at US$5.00 per Unit.
Each membership Unit consists of one Membership Interest and one warrant to
purchase one Membership Interest for US$7.00 during a period of 12 months from
the conversion date. </P>
<P align=justify>The notes receivable consists of two components: the note
receivable component and the equity conversion option. At initial recognition,
the fair value of the note receivable component was estimated at $926,057 using
the discounted cash flow model method at market rate. The note receivable
component is accreted over its expected term using the effective interest method
at an effective rate of approximately 18%. For the six months ended June 30,
2017, the Company recorded $19,234 of interest income, as well as a foreign
exchange loss of $31,643. The fair value of the equity conversion option was
estimated to be $79,220. </P>
<P align=justify><B>8. INVESTMENTS IN ASSOCIATED COMPANIES </B></P>
<P align=justify>The Company has a 40% (December 31, 2016 &#150; 39%) equity
investment in IGC. At June 30, 2017, including the conversion of previously held
convertible notes, the Company has invested an aggregate of US$9,517,010 towards
its investment (December 31, 2016 - US$8,967,010). At June 30, 2017, the
Company&#146;s investment including dilution gain less its share of accumulated
equity losses was $5,216,480 (December 31, 2016 - $4,992,823). The Company&#146;s
share of the net loss for the period ended June 30, 2017 was $519,364 (2016 -
$497,800).</P>
<P align=justify>The Company has a minority position on the Board of IGC, and
does not control operational decisions. The Company&#146;s judgment is that it has
significant influence, but not control and accordingly equity accounting is
appropriate. </P>
<P align=center>Page 9 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_12></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>8. INVESTMENTS IN ASSOCIATED COMPANIES </B>(Continued)</P>
<P align=justify>As at June 30, 2017, associated companies&#146; aggregate assets,
aggregate liabilities and net loss for the six months ended are as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>June 30, 2017</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%" ><B>IGC</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Aggregate assets </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff >&nbsp;6,295,420
    </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Aggregate liabilities </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%" >(2,736,636</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Loss for the period </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff >(1,307,234</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>The Company's ownership % </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%" >40% </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>The Company's share of loss for the period </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff >(519,364</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR></TABLE>
<P align=justify>As at December 31, 2016, associated companies&#146; aggregate
assets, aggregate liabilities and net loss for the year are as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%" ><B>IGC</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Aggregate assets </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff >&nbsp;6,884,378
    </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Aggregate liabilities </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%" >(1,471,260</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Loss for the year </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff >(3,216,120</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>The Company's ownership % </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%" >39% </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>The Company's share of loss for the year </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff >(1,295,568</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR></TABLE>
<P align=justify><B>9. EXPLORATION AND EVALUATION ASSETS </B></P>
<P align=justify><B>Acquisition Costs </B></P>
<P align=justify>At June 30, 2017 and December 31, 2016, the Company has
capitalized the following acquisition costs on its exploration and evaluation
assets: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Region</B> </TD>
    <TD width="41%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" ><B>Properties</B> </TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Asia Pacific </TD>
    <TD align=left width="41%"  bgColor=#e6efff>Various </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;81,124 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;81,124 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Sweden </TD>
    <TD align=left width="41%" >Various </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">16,671 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">16,671 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="41%"  bgColor=#e6efff>Viad royalties</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>421,084 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>421,084 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Turkey </TD>
    <TD align=left width="41%" >Alankoy </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">153,960 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">153,960 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; </TD>
    <TD align=left width="41%"  bgColor=#e6efff>Trab </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>78,587 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>78,587 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>United States </TD>
    <TD align=left width="41%" >Superior West, Arizona </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">895,379 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">1,000,479 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff>of
      America </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="41%"
     bgColor=#e6efff>Yerington, Nevada </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>393,095 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>393,095 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="41%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;2,039,900 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;2,145,000 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify>During the six months ended June 30, 2017, the Company received
a $133,383 (US$100,000) annual option payment related to an exploration and
option to purchase agreement for the Superior West project with Kennecott
Exploration Company (&#147;Kennecott&#148;). Pursuant to Company policy, $105,100 has been
applied against the Superior West capitalized costs, and $28,283 has been
included in exploration income as option payments. </P>
<P align=center>Page 10 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_13></A><B>
<BR>
</B>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<B>
<P align=justify>9. EXPLORATION AND EVALUATION ASSETS (Continued) </P>
<P align=justify>Sweden </P>
</B>
<P align=justify>On February 14, 2017, the Company completed an agreement to
sell certain certain wholly owned subsidiaries in Sweden previously announced in
November 2016 with Boreal Metals Corp. (&#147;BMC&#148;), a British Columbia corporation.
Pursuant to the agreement BMC acquired two wholly-owned subsidiaries of the
Company that control the Gumsberg and Adak exploration assets in Sweden and the
Tynset and Burfjord assets in Norway. In exchange for the transfer of its
wholly-owned subsidiary Iekelvare AB, which owns or will own that portion of the
Properties located in Sweden, and its entire interest in its wholly-owned
subsidiary EMX Exploration Scandinavia AB, which owns that portion of the
Properties located in Norway, BMC issued to the Company 1,713,390 shares of BMC
that represents a 19.9% equity ownership in BMC and agreed to reimburse SEK
550,000 ($81,996) to the Company for license fees related to the Adak license.
BMC will have the continuing obligation to issue additional shares of BMC to EMX
to maintain its 19.9% interest in BMC, at no additional cost to EMX, until BMC
has raised $5,000,000; thereafter EMX will have the right to participate
pro-rata in future financings at its own cost to maintain its 19.9% interest.
During the six months ended June 30, 2017, pursuant to a private placement
completed by BMC, BMC issued EMX a further 3,466,620 shares. EMX also received
an uncapped 3% NSR royalty on each of the Properties and has the right to
nominate one seat on the board of directors of BMC. </P>
<P align=justify>Within five years of the closing date, BMC has the right to buy
down up to 1% of the royalty owed to EMX on any given project by paying US
$2,500,000 in cash and shares of BMC. Such buy down is project specific.
Additionally, EMX will receive annual advance royalty (&#147;AAR&#148;) payments of US
$20,000 for each of the Properties commencing on the second anniversary of the
closing, with each AAR payment increasing by US $5,000 per year until reaching
US $60,000 per year, except that BMC may forgo AAR payments on two of the four
Properties in years two and three. EMX will receive a 0.5% NSR royalty on any
new mineral exploration projects generated by BMC in Sweden or Norway, excluding
projects acquired from a third party containing a mineral resource or reserve or
an existing mining operation. These royalties are not capped and not subject to
a buy down.</P>
<P align=justify>Pursuant to the sale agreement, the Company valued the BMC
shares received on signing at $0.05 per share or $85,670, paid a US$12,000
($15,862) finders fee, and recorded a net gain on the sale of $165,834. The BMC
shares received subsequent to signing were valued at $0.05 per share or $173,331
and included in exploration recoveries. The shares of BMC were valued at the
price at which BMC has financed operations to date.</P>
<P align=justify><B>United States </B></P>
<P align=justify>Through its wholly owned subsidiary Bronco Creek Exploration
(&#147;BCE&#148;), the Company entered into an Option Agreement with Anglo American
Exploration (USA), Inc. (&#147;Anglo&#148;) for the Copper Springs gold-copper property in
Arizona. Pursuant to the Agreement, Anglo may acquire a 100% interest in the
Property by (a) reimbursing BCE&#146;s 2016 holding and permitting costs and making
annual option payments, together totaling US $504,314, and (b) completing US
$4,000,000 in exploration expenditures before the fifth anniversary of the
Agreement. Upon exercise of the option, Anglo American will pay EMX an
additional US $110,000 and EMX will retain a 2% NSR royalty on the Project. The
royalty is not capped or purchasable, except over two parcels of Arizona State
Land where Anglo can buy a 0.5% NSR royalty from EMX for US $2,000,000.</P>
<P align=justify>Certain annual advance minimum royalty payments and certain
milestone payments are required after exercise of the option. </P>
<P align=justify><B>Turkey </B></P>
<P align=justify>Pursuant to a sale agreement entered into in the year ended
December 31, 2016 for the Akarca property in Turkey, the Company is scheduled to
receive payments of 500 ounces of gold (or cash equivalent) every six months
commencing on February 1, 2017, and continuing until receipt of a total of 7,000
ounces. During the 6 months ended June 30, 2017 the Company received the first
payment of 500 ounces as a cash payment of US $601,825 ($804,219) which has been
credited against accounts receivables. Receipt of the initial 500 ounce payment
leaves a total of 6,500 ounces of gold to be paid to EMX. </P>
<P align=center>Page 11 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_14></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>9. EXPLORATION AND EVALUATION ASSETS </B>(Continued)</P>
<P align=justify><B>Exploration Expenditures </B></P>
<P align=justify>During the six months ended June 30, 2017, the Company incurred
the following exploration expenditures by projects, which were expensed as
incurred: </P>
<P align=center><IMG
src="exhibit99-1x14x1.jpg"
border=0></P>
<P align=center>Page 12 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_15></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>9. EXPLORATION AND EVALUATION ASSETS </B>(Continued)</P>
<P align=justify><B>Exploration Expenditures </B>(continued) </P>
<P align=justify>During the six months ended June 30, 2016, the Company incurred
the following exploration expenditures by projects, which were expensed as
incurred: </P>
<P align=center><IMG
src="exhibit99-1x15x1.jpg"
border=0></P>
<P align=center>Page 13 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_16></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>10. ROYALTY INTEREST</B> </P>
<P align=justify>Changes in royalty interest for the six months ended June 30,
2017: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left
      bgColor=#e6efff>Balance, December 31, 2016 </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff >&nbsp;25,831,152 </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Adjusted for: </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="17%" >&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp;Depletion </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff >(872,947</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; &nbsp;
      &nbsp;Cumulative translation adjustments </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    >(839,240</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Balance, June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff >&nbsp;24,118,965 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify><B>Carlin Trend Royalty Claim Block </B></P>
<P align=justify>The Company holds an interest in the Carlin Trend Royalty Claim
Block in Nevada which includes the following Royalty Properties: </P>
<P align=justify>Leeville Mine: Located in Eureka County, Nevada, the Company is
receiving a continuing 1% gross smelter return royalty (&#147;GSRR&#148;).</P>
<P align=justify>East Ore Body Mine: Located in Eureka County, Nevada, the
property is currently being mined and the Company is receiving a continuing 1%
GSRR.</P>
<P align=justify>North Pipeline: Located in Lander County, Nevada. Should the
property become producing, the Company will receive a production royalty of
US$0.50 per yard of ore processed or 4% of net profit, whichever is greater.</P>
<P align=justify>During the six months ended June 30, 2017, $1,053,875 (2016 -
$764,004) in royalty income was included in operations offset by a 5% direct
gold tax and depletion.</P>
<P align=justify><B>Impairment of Non-Current Assets</B></P>
<P align=justify>The Company&#146;s policy for accounting for impairment of
non-current assets is to use the higher of the estimates of fair value less cost
of disposal of these assets or value in use. The Company uses valuation
techniques that require significant judgments and assumptions, including those
with respect to future production levels, future metal prices and discount
rates. </P>
<P align=justify>Non-current assets are tested for impairment when events or
changes in circumstances suggest that the carrying amount may not be
recoverable. For the six months ended June 30, 2017 and 2016, these assumptions
remained reasonable and no revisions were considered necessary.</P>
<P align=justify><B>11. RECLAMATION BONDS </B></P>
<P align=justify>Reclamation bonds are held as security towards future
exploration work and the related future potential cost of reclamation of the
Company&#146;s land and unproven mineral interests. Once reclamation of the
properties is complete, the bonds will be returned to the Company.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Australia - various
      properties </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;69,840 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;67,694 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Sweden - various properties </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">8,043 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">8,043 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Turkey - various properties
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>26,110 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>26,362 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >U.S.A - various properties </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">418,950 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">537,328 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;522,943 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;639,427 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=center>Page 14 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_17></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>12. GOODWILL </B></P>
<P align=justify>The Company&#146;s goodwill represents the excess of the purchase
price paid during fiscal 2012 for the acquisition of Bullion Monarch Mining Inc.
over the fair value of the net identifiable tangible and intangible assets and
liabilities acquired.<B> </B></P>
<P align=justify>Changes in goodwill for the six months ended June 30, 2017:
</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left
      bgColor=#e6efff>Balance, December 31, 2016 </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    bgColor=#e6efff>$</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;4,753,324 </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Adjusted for: </TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="17%">&nbsp; </TD>
    <TD align=left width="2%"></TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp;Impairment charge </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>(103,791</TD>
    <TD align=left width="2%" bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; &nbsp;
      &nbsp;Cumulative translation adjustment </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">(158,119</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%">)
</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Balance, June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;4,491,414 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The Company applies a one-step approach to determine if the
Carlin Trend Royalty Claim Block and the related assets within the same Cash
Generating Unit (&#147;CGU&#148;) are impaired (Note 10). The impairment loss is the
amount by which the CGU&#146;s carrying amount exceeds its recoverable amount.
Goodwill has been written down in conjunction with the decline of $103,791 (2016
- $722,738) of the related deferred income tax liability. </P>
<P align=justify><B>13. ADVANCES FROM JOINT VENTURE PARTNERS </B></P>
<P align=justify>Advances from joint venture partners relate to unspent funds
received pursuant to approved exploration programs by the Company and its joint
venture partners. The Company&#146;s advances from joint venture partners consist of
the following: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%"></TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%"><B>June 30, 2017</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%"></TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%"></TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%"></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>U.S.A. </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;183,977 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;341,361 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;183,977 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
    width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%">$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;341,361 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
    width="2%"></TD></TR></TABLE>
<P align=justify><B>14. CAPITAL STOCK </B></P>
<P align=justify><B>Authorized</B></P>
<P align=justify>As at June 30, 2017, the authorized share capital of the
Company was an unlimited number of common and preferred shares without par
value. </P>
<P align=justify><B>Common Shares</B></P>
<P align=justify>During the six months ended June 30, 2017, the Company: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>Completed a non-brokered private placement raising $7,000,000 by the
  issuance of 5,000,000 units at a price of $1.40 per Unit. Each Unit was
  comprised of one common share and one-half of one non-transferable common
  share purchase warrant. Each whole warrant entitles the holder to purchase an
  additional common share for $2.00 until April 12, 2019.<BR><BR>The Company
  paid finder&#146;s fees totaling $356,986. Included in this amount was 246,604
  Units (6% of the Units sold to investors introduced by finders) valued at
  $345,246 and $11,740 in cash. The Units paid as finders fees included the same
  terms as the private placement Units.<BR><BR>Pursuant to the Company&#146;s
  accounting policy, the gross proceeds of the private placement were allocated
  using a residual value method with respect to the measurement of shares and
  warrants issued as private placement units. </LI></UL>
<P align=center>Page 15 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_18></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>14. CAPITAL STOCK </B>(Continued)</P>
<UL style="TEXT-ALIGN: justify">This resulted in $6,200,000 recorded as share
  capital and $800,000 being allocated to reserves. For the finders fees paid in
  Units, $305,789 was allocated to share capital and $39,457 being allocated to
  reserves. <BR><BR>
  <LI>Issued 75,000 shares valued at $85,700 pursuant to the exercise of stock
  options. </LI></UL>
<P align=justify>During the six months ended June 30, 2016, the Company: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>140,000 shares valued at $166,600 pursuant to an incentive stock grant
  program to employees of the Company applied to commitment to issue shares.
</P>
  <LI>
  <P>22,500 shares valued at $14,850 pursuant to the exercise of stock option.
  </P>
  <LI>
  <P>250,000 shares valued at $145,000 pursuant to a purchase agreement for the
  Maggie Creek and Afgan royalties. </P></LI></UL>
<P align=justify><B>Stock Options </B></P>
<P align=justify>The Company adopted a stock option plan (the &#147;Plan&#148;) pursuant
to the policies of the TSX-V. The maximum number of shares that may be reserved
for issuance under the plan is limited to 10% of the issued common shares of the
Company at any time. The vesting terms are determined at the time of the grant,
subject to the terms of the plan.</P>
<P align=justify>During the six months ended June 30, 2017, the change in stock
options outstanding is as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="17%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD
      width="17%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Weighted Average</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="17%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Number</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="17%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Exercise Price</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Balance as at December 31,
      2016 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>4,811,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;1.24 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;Options exercised </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">(75,000</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%">1.14
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Balance as at June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>4,736,500 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>1.08 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="17%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Number of options exercisable as at June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>4,736,500 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;1.08 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The following table summarizes information about the stock
options which were outstanding and exercisable at June 30, 2017: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Date Granted</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Number of Options</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Exercisable</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Exercise Price $</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="15%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" ><B>Expiry Date</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>July 5, 2012 * </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>50,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>50,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>1.96 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff >July 5, 2017 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>August 22, 2012 </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">851,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">851,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1.94 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="15%" align=right nowrap >August 22, 2017 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>October 16, 2012 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>60,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>60,000 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>2.44 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff >October 16, 2017    </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>April 25, 2014 </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,290,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,290,500 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1.20 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="15%" align=right nowrap >April 25, 2019 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>June 26, 2014 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>17,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>17,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>0.88 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff >June 26, 2019</TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>December 22, 2014 </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">60,000 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">60,000 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">0.87 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="15%" align=right nowrap >December 22, 2019 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>June 8, 2015 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>1,167,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>1,167,500 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>0.66 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff >June 8, 2020 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>October 18, 2016
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">1,239,500 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">1,239,500 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%">0.66
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >October 18, 2021 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD bgColor=#e6efff>&nbsp; </TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="12%" bgColor=#e6efff>&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD width="15%" bgColor=#e6efff >&nbsp; </TD>
    <TD width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="12%">4,736,500 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="12%">4,736,500 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="12%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="15%"
    >&nbsp; </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify>* Expired unexercised subsequent to June 30, 2017</P>
<P align=justify>The weighted average remaining useful life of stock options is
2.42 (2016 &#150; 2.08) years. </P>
<P align=center>Page 16 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_19></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>14. CAPITAL STOCK </B>(Continued)</P>
<P align=justify><B>Share-based Payments </B></P>
<P align=justify>During the six months ended June 30, 2017, the Company recorded
aggregate share-based payments of $58,386 (2016 - $27,462) as they relate to the
fair value of stock options granted, fair value of incentive stock grants, and
the accrual for the fair value of stock granted. Share-based payments for the
six months ended June 30, 2017 and 2016, the share based payments were allocated
to general and administration expenses. </P>
<P align=justify><B>Warrants</B> </P>
<P align=justify>During the six months ended June 30, 2017, the change in
warrants outstanding is as follow: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="16%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="3%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    ></TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD
      width="16%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Weighted Average</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="3%"
    ></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="16%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Number</B> </TD>
    <TD width="3%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    ></TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="16%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Exercise Price</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="3%"
    ></TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Balance as at December 31,
      2016 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="16%" bgColor=#e6efff>- </TD>
    <TD align=left width="3%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="16%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="3%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;Issued </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="16%">2,623,306 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="3%"
    ></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="16%">2.00
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="3%"
    ></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Balance as at June 30, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="16%"
    bgColor=#e6efff>2,623,306 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="3%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="16%"
    bgColor=#e6efff>&nbsp;2.00 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="3%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The following table summarizes information about the warrants
which were outstanding and exercisable at June 30, 2017: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="15%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Number of Warrants</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="15%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Exercise Price</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="15%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>Expiry Date</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left  ></TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="15%" ></TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="15%" ></TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="15%" ></TD>
    <TD align=right width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Private placement, April 12,
      2017 </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>2,500,004 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>2.00 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>April 12, 2019 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Finders warrants, April 12, 2017 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">123,302 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%">2.00
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%">April
      12, 2019 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>2,623,306 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="15%"
    bgColor=#e6efff>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="15%"
    bgColor=#e6efff>&nbsp; </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify><B>15. RELATED PARTY TRANSACTIONS</B> </P>
<P align=justify>The aggregate value of transactions and outstanding balances
relating to key management personnel were as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Share-based</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>For the six months ended June 30, 2017</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Salary or Fees</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Payments</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Total</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Management </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;396,525 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;396,525 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Outside directors * </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">76,027 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">76,027 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Seabord Services Corp. </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    bgColor=#e6efff>178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;651,352 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;651,352 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-TOP: #000000 2px solid"><B>Share-based</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>For the six months ended June 30, 2016</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Salary or Fees</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Payments</B> </TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Total</B> </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Management </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff>&nbsp;401,575 </TD>
    <TD width="2%" align=left nowrap  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" align=left nowrap  bgColor=#e6efff>$</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff>&nbsp;- </TD>
    <TD width="2%" align=left nowrap  bgColor=#e6efff>&nbsp;</TD>
    <TD width="1%" align=left nowrap  bgColor=#e6efff>$</TD>
    <TD width="15%" align=right nowrap bgColor=#e6efff>&nbsp;401,575 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Outside directors * </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD width="15%" align=right nowrap>75,520 </TD>
    <TD width="2%" align=left nowrap >&nbsp;</TD>
    <TD width="1%" align=left nowrap >&nbsp;</TD>
    <TD width="15%" align=right nowrap>- </TD>
    <TD width="2%" align=left nowrap >&nbsp;</TD>
    <TD width="1%" align=left nowrap >&nbsp;</TD>
    <TD width="15%" align=right nowrap>75,520 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left bgColor=#e6efff
    >Seabord Services Corp. </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD width="15%" align=right nowrap
    bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">178,800 </TD>
    <TD width="2%" align=left nowrap
     bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD>
    <TD width="1%" align=left nowrap
     bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD>
    <TD width="15%" align=right nowrap
    bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">- </TD>
    <TD width="2%" align=left nowrap
     bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD>
    <TD width="1%" align=left nowrap
     bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD>
    <TD width="15%" align=right nowrap
    bgColor=#e6efff style="BORDER-BOTTOM: #000000 1px solid">178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;655,895 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="15%">&nbsp;655,895 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify>* Directors fees include US$5,000 per month paid to the
Company&#146;s non-Executive Chairman, who does not receive the fees paid to the
other independent director&#146;s. </P>
<P align=center>Page 17 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_20></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>15. RELATED PARTY TRANSACTIONS </B>(Continued) </P>
<P align=justify>Seabord Services Corp. (&#147;Seabord&#148;) is a management services
company controlled by the Chairman of the Board of Directors of the Company.
Seabord provides a Chief Financial Officer, a Corporate Secretary, accounting
and administration staff, and office space to the Company. The Chief Financial
Officer and Corporate Secretary are employees of Seabord and are not paid
directly by the Company.</P>
<P align=justify>Included in accounts payable and accrued liabilities at June
30, 2017 is $519 (December 31, 2016 - $5,913) owed to key management personnel
and $8,628 (December 31, 2016 - $17,559) to other related parties. </P>
<P align=justify><B>16. SEGMENTED INFORMATION</B> </P>
<P align=justify>The Company operates within the resource industry. At June 30,
2017 and December 31, 2016 the Company had equipment and exploration and
evaluation assets located geographically as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left ><B>EXPLORATION AND EVALUATION ASSETS</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Asia Pacific </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;81,124 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;81,124 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Sweden </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">437,755 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">437,755 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Turkey </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>232,547 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>232,547 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >U.S.A </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">1,288,474 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">1,393,574 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;2,039,900 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;2,145,000 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left ><B>PROPERTY AND EQUIPMENT</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Asia Pacific </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;6,866 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;8,376 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Sweden </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">2,592 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="17%">3,110 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Turkey </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>283 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>1,091 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >U.S.A </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">426,660 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">459,127 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;436,401 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;471,704 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The Company&#146;s royalty interest, goodwill, deferred income tax
liability and royalty income and depletion from a CGU located in the U.S.A,
except $200,000 in a royalty interest held in Serbia. </P>
<P align=justify><B>17. RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS</B>
</P>
<P align=justify>The Company considers items included in shareholders&#146; equity as
capital. The Company&#146;s objective when managing capital is to safeguard the
Company&#146;s ability to continue as a going concern, so that it can continue to
provide returns for shareholders and benefits for other stakeholders. </P>
<P align=justify>As at June 30, 2017, the Company had working capital of
$9,773,816 (December 31, 2016 - $6,002,318). The Company has continuing royalty
income that will vary depending on royalty ounces received, the price of gold,
and foreign exchange rates on US royalty payments. The Company manages the
capital structure and makes adjustments in light of changes in economic
conditions and the risk characteristics of the underlying assets. The Company
has sufficient working capital to undertake it&#146;s current business plan. However,
should the Company undertake anything over and above these plans, management
will need additional sources of working capital. In order to maintain or adjust
the capital structure, the Company may issue new shares through public and/or
private placements, sell assets, or return capital to shareholders. The Company
is not subject to externally imposed capital requirements.</P>
<P align=center>Page 18 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_21></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>17. RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS
</B>(Continued)</P>
<P align=justify><B>Fair Value </B></P>
<P align=justify>The Company characterizes inputs used in determining fair value
using a hierarchy that prioritizes inputs depending on the degree to which they
are observable. The six levels of the fair value hierarchy are as follows: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>Level 1: inputs represent quoted prices in active markets for identical
  assets or liabilities. Active markets are those in which transactions occur in
  sufficient frequency and volume to provide pricing information on an ongoing
  basis. </P>
  <LI>
  <P>Level 2: inputs other than quoted prices that are observable, either
  directly or indirectly. Level 2 valuations are based on inputs, including
  quoted forward prices for commodities, market interest rates, and volatility
  factors, which can be observed or corroborated in the market place. </P>
  <LI>
  <P>Level 3: inputs that are less observable, unavoidable or where the
  observable data does not support the majority of the instruments&#146; fair value.
  </P></LI></UL>
<P align=justify>As at June 30, 2017, there were no changes in the levels in
comparison to December 31, 2016. Financial instruments measured at fair value on
the statement of financial position are summarized in levels of the fair value
hierarchy as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Assets</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Level 1</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Level 2</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Level 3</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Total</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Cash and cash equivalents </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;6,293,745 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;6,293,745 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Restricted cash </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">242,037 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">242,037 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Fair value through profit or loss
      investments </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>817,312 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>817,312 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Strategic investments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">130,952 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">130,952 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Accounts receivable </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,299,986 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,299,986 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Non-current
      accounts receivable </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%">- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">792,228 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%">- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">792,228 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD align=left  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="12%">&nbsp;7,484,046 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="12%">&nbsp;4,092,214 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="12%">&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="12%">&nbsp;11,576,260 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify>The carrying value of receivables (excluding the receivable
related to the sale of certain Turkish subsidiaries in the year ended December
31, 2016), accounts payable and accrued liabilities, and advances from joint
venture partners approximate their fair value because of the short-term nature
of these instruments.</P>
<P align=justify>Accounts receivable, including both long and current portions
related to the sale of certain Turkish subsidiaries in the year ended December
31, 2016 were valued using a pricing model which require a variety of inputs,
such as expected gold prices and foreign exchange rates. These receivables are
valued using observable market commodity prices and thereby classified within
Level 2 of the fair value hierarchy.</P>
<P align=justify>The Company&#146;s financial instruments are exposed to certain
financial risks, including credit risk, interest rate risk, market risk,
liquidity risk and currency risk. </P>
<P align=justify><B>Credit Risk </B></P>
<P align=justify>The Company is exposed to credit risk by holding cash and cash
equivalents and receivables. This risk is minimized by holding a significant
portion of the funds in Canadian banks. The Company&#146;s exposure with respect to
its receivables is primarily related to royalty streams, recovery of exploration
evaluation costs, and the sale of AES (Note 9). </P>
<P align=justify><B>Interest Rate Risk </B></P>
<P align=justify>The Company is exposed to interest rate risk because of
fluctuating interest rates. Management believes the interest rate risk is low
given interest rates on promissory notes is fixed and the current low global
interest rate environment. Fluctuations in market rates is not expected to have
a significant impact on the Company&#146;s operations due to the short term to
maturity and no penalty cashable feature of its cash equivalents. </P>
<P align=center>Page 19 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_22></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>17. RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS</B>
(Continued) </P>
<P align=justify><B>Market Risk </B></P>
<P align=justify>The Company is exposed to market risk because of the
fluctuating values of its publicly traded marketable securities and other
company investments. The Company has no control over these fluctuations and does
not hedge its investments. Based on the June 30, 2017<B> </B>portfolio values, a
10% increase or decrease in effective market values would increase or decrease
net shareholders&#146; equity by approximately $95,000. </P>
<P align=justify><B>Liquidity Risk </B></P>
<P align=justify>Liquidity risk is the risk that the Company is unable to meet
its financial obligations as they come due. The Company manages this risk by
careful management of its working capital to ensure the Company&#146;s expenditures
will not exceed available resources. </P>
<P align=justify><B>Currency Risk </B></P>
<P align=justify>Foreign exchange risk arises when future commercial
transactions and recognized assets and liabilities are denominated in a currency
that is not the entity&#146;s functional currency. The Company operates in Canada,
Turkey, Sweden, Australia and the U.S.A. The Company funds cash calls to its subsidiary companies
outside of Canada in US dollars and a portion of its expenditures are also
incurred in local currencies.</P>
<P align=justify>The exposure of the Company&#146;s cash and cash equivalents,
receivables, convertible notes receivable, and accounts payable and accrued
liabilities to foreign exchange risk as at June 30, 2017 is as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Accounts</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%"></TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="17%"><B>US dollars</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%"></TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Cash and cash equivalents </TD>
    <TD align=left width="1%" bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;4,543,820 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Receivables </TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="17%">3,769,564 </TD>
    <TD align=left width="2%"></TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Convertible notes receivable </TD>
    <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%" bgColor=#e6efff>935,766 </TD>
    <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Accounts payable and accrued liabilities </TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="17%">(242,811</TD>
    <TD align=left width="2%">) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>Advances from joint venture partners </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%"
    bgColor=#e6efff>(219,514</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Net exposure </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">8,786,825 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    width="2%"></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Canadian dollar equivalent </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%"
    bgColor=#e6efff>&nbsp;11,406,881 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The balances noted above reflect the US dollar balances held
within the parent company and any wholly owned subsidiaries. Balances
denominated in another currency other than the functional currency held in
foreign operations are considered immaterial. </P>
<P align=justify>Based on the above net exposure as at June 30, 2017, and
assuming that all other variables remain constant, a 10% depreciation or
appreciation of the Canadian dollar against the US dollar would result in an
increase/decrease of approximately $1,140,000 in the Company&#146;s pre-tax profit or
loss. </P>
<P align=justify><B>Commodity Risk </B></P>
<P align=justify>The Company&#146;s royalty revenues are derived from a royalty
interest and are based on the extraction and sale of precious and base minerals
and metals. Factors beyond the control of the Company may affect the
marketability of metals discovered. Metal prices have historically fluctuated
widely. Consequently, the economic viability of the Company&#146;s royalty interests
cannot be accurately predicted and may be adversely affected by fluctuations in
mineral prices. </P>
<P align=center>Page 20 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_23></A>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B>EMX ROYALTY CORPORATION (FORMERLY EURASIAN MINERALS
      INC.)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL
      STATEMENTS </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(Expressed in Canadian Dollars) </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>For the Six Months
      Ended June 30, 2017 </TD>
  </TR>
</TABLE>
<P align=justify><B>18. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS
</B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp; </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="17%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-TOP: #000000 0px solid" align=left
    ></TD>
    <TD style="BORDER-TOP: #000000 0px solid" align=right width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 0px solid" align=right width="17%"
    ></TD>
    <TD style="BORDER-TOP: #000000 0px solid" align=right width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 0px solid" align=right width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 0px solid" align=right width="17%"
    ></TD>
    <TD style="BORDER-TOP: #000000 0px solid" align=right width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Cash </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;6,041,898 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="17%" bgColor=#e6efff>&nbsp;3,132,480 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Short-term deposits </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">251,847 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="17%">67,206 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR>
    <TD align=left  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="17%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      >Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;6,293,745 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right
      width="17%">&nbsp;3,199,686 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR></TABLE>
<P align=justify>The significant non-cash investing and financing transactions
during the six months ended June 30, 2017 included: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  ></TD>
    <TD vAlign=top width="5%">a. </TD>
    <TD>
      <P align=justify>Recorded a loss through accumulated other comprehensive
      income of $81,846 related to the fair value adjustments on AFS financial
      instruments;</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">b. </TD>
    <TD>
      <P align=justify>Adjusted non-current assets and liabilities for $757,290
      related to cumulative translation adjustments (&#147;CTA&#148;), of which $839,240
      relates to CTA loss on royalty interest, $158,119 relates to CTA loss on
      goodwill, $275,351 relates to a CTA gain on deferred tax liability and
      $35,282 relates to CTA loss in the net assets of a subsidiary with a
      functional currency different from the presentation currency;</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">c. </TD>
    <TD>
      <P align=justify>Recorded a $79,220 charge to convertible loan and related
      increase in investments through profit and loss for the conversion feature
      on convertible debt (Note 7);</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">d. </TD>
    <TD>
      <P align=justify>Reclass of reserves on exercise of options for $45,545;
      and</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">e. </TD>
    <TD>
      <P align=justify>Recorded through reserves $39,457 related to value of
      warrants issued as finders fees as part of a private placemenet (Note
      14).</P></TD></TR></TABLE>
<P align=justify>The significant non-cash investing and financing transactions
during the six months ended June 30, 2016 included: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  ></TD>
    <TD vAlign=top width="5%">a. </TD>
    <TD>
      <P align=justify>Recorded a gain through accumulated other comprehensive
      income of $137,622 related to the fair value adjustments on
      available-for-sale (&#147;AFS&#148;) financial instruments;</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">b. </TD>
    <TD>
      <P align=justify>Issuance of 250,000 valued at $145,000 pursuant to the
      acquisition of the Maggie Creek and Aghan royalties (Note 10);</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">c. </TD>
    <TD>
      <P align=justify>Issuance of 140,000 bonus shares valued at $166,600
      applied to commitment to issue shares;</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">d. </TD>
    <TD>
      <P align=justify>Reclassification of $7,990 of reserves to share capital
      from the exercise of options; and</P></TD></TR>
  <TR>
    <TD width="5%" ></TD>
    <TD vAlign=top width="5%">e. </TD>
    <TD>
      <P align=justify>Adjusted non-current assets and liabilities for
      $1,698,173 related to cumulative translation adjustments (&#147;CTA&#148;), of which
      $1,889,251 relates to a CTA loss on a royalty interest, $414,918 relates
      to a CTA loss on goodwill, $616,223 relates to a CTA gain on a deferred
      tax liability and $10,227 relates to a CTA loss in the net liabilities of
      a subsidiary with a functional currency different from the presentation
      currency.</P></TD></TR></TABLE>
<P align=justify><B>19. EVENT AFTER THE REPORTING DATE </B></P>
<P align=justify>Subsequent to June 30, 2017, EMX received a US $634,015
payment, the cash equivalent of 500 troy ounces of gold, from &#199;iftay Isnaat
Taahh&#252;t ve Ticaret A.S., as the pre-production payment for the Akarca royalty
project. Receipt of this payment leaves a total of 6,000 ounces of gold (or cash
equivalent) to be paid to EMX on a schedule of every six months. </P>
<P align=center>Page 21 </P>
<HR align=center width="100%" color=black noShade SIZE=5>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
   <TITLE>EMX Royalty Corporation - Exhibit 99.2 - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center><IMG
src="logo.jpg"
border=0> </P>
<P align=justify>&nbsp;</P>
<P align=center><B><FONT size=4>EMX ROYALTY CORPORATION (FORMERLY EURASIAN
MINERALS INC.) </FONT></B></P>
<P align=center><B><FONT size=3>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS</FONT></B><B> </B><BR>
  <B><FONT size=3>THREE AND SIX MONTHS ENDED
JUNE 30, 2017 </FONT></B></P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify><B>GENERAL </B></P>
<P align=justify>This Management&#146;s Discussion and Analysis (&#147;MD&amp;A&#148;) for EMX
Royalty Corporation, formerly Eurasian Minerals Inc. (the &#147;Company&#148;, &#147;EMX&#148;) has
been prepared based on information known to management as of August 8, 2017.</P>
<P align=justify>This MD&amp;A is intended to help the reader understand the
consolidated financial statements and should be read in conjunction with the
condensed consolidated financial statements of the Company for the six months
ended June 30, 2017 prepared in accordance with International Financial
Reporting Standards (&#147;IFRS&#148;) as issued by the International Accounting Standards
Board (&#147;IASB&#148;). All dollar amounts included therein and in the following
MD&amp;A are in Canadian dollars except where noted.</P>
<P align=justify><B>FORWARD-LOOKING INFORMATION </B></P>
<P align=justify>This MD&amp;A may contain &#147;forward-looking statements&#148; that
reflect the Company&#146;s current expectations and projections about its future
results. When used in this MD&amp;A, words such as &#147;estimate&#148;, &#147;intend&#148;,
&#147;expect&#148;, &#147;anticipate&#148; and similar expressions are intended to identify
forward-looking statements, which, by their very nature, are not guarantees of
the Company&#146;s future operational or financial performance, and are
subject to risks and uncertainties and other factors that could cause EMX&#146;s
actual results, performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these forward-looking statements. These
risks, uncertainties and factors may include, but are not limited to:
unavailability of financing, failure to identify commercially viable mineral
reserves, fluctuations in the market valuation for commodities, difficulties in
obtaining required approvals for the development of a mineral project, increased
regulatory compliance costs and other factors. </P>
<P align=justify>Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this MD&amp;A or
as of the date otherwise specifically indicated herein. Due to risks and
uncertainties, including the risks and uncertainties identified above and
elsewhere in this MD&amp;A, actual events may differ materially from current
expectations. More information about the Company including its recent financial
reports is available on SEDAR at <U><FONT color=#0000ff>www.sedar.com.
</FONT></U>The Company&#146;s Annual Report on Form 20-F, including the recent
financial reports, is available on SEC&#146;s EDGAR website at <U><FONT
color=#0000ff>www.sec.gov </FONT></U>and on the Company&#146;s website at <U><FONT
color=#0000ff>www.emxroyalty.com.</FONT></U></P>
<P align=justify><B>Cautionary Note to Investors Concerning Estimates of
Indicated and Inferred Resources </B></P>
<P align=justify>The MD&amp;A may use the terms &#147;Inferred&#148; and &#147;Indicated&#148;
resources. EMX advises investors that although these terms are recognized and
required by Canadian regulations under National Instrument 43-101 (&#147;NI 43-101&#148;),
the U.S. Securities and Exchange Commission (&#147;SEC&#148;) does not recognize these terms.
Investors are cautioned that &#147;inferred resources&#148; have a great amount of
uncertainty as to their existence, and great uncertainty as to their economic
and legal feasibility. Under Canadian rules, estimates of inferred mineral
resources may not be converted to a mineral reserve or form the basis of
feasibility or prefeasibility studies. Investors are cautioned not to assume
that part or all of an inferred resource exists, or is economically or legally
mineable. Investors are further cautioned not to assume that any part or all of
an indicated mineral resource will be converted into reserves. </P>
<P align=justify><B>COMPANY OVERVIEW </B></P>
<P align=justify>EMX Royalty Corporation is a Tier 1 company that trades on the
TSX Venture and the NYSE American exchanges. It is principally in the business
of developing cash flows from organically generated royalties and royalty
acquisitions derived from a portfolio of precious metals, base metals, and
polymetalliic mineral properties. This royalty cash flow helps to provide a
foundation for supporting the Company&#146;s growth over the long term. The Company&#146;s
portfolio mainly consists of properties in North America, Turkey, Europe, Haiti,
Australia, and New Zealand. There are three key foundations underpinning the
Company's business model: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >
      <P align=justify>&#149; </P></TD>
    <TD align=left width="95%" >
      <P align=justify><B>Royalty Generation. </B>EMX's fourteen year track
      record of generative exploration has developed into an avenue to
      organically generate mineral property royalty interests and cash flows.
      The strategy is to leverage in-country geologic expertise to acquire
      prospective properties on open ground through license application or claim
      staking, and to build value through low cost work programs and targeting.
      These properties are sold to partner companies for retained royalty
      interests, advance minimum royalty payments, project milestone payments,
      and other consideration that may include equity interests. Pre-production
      payments provide early-stage cash flows to EMX, while the operating
      companies build value through exploration and development. EMX
      participates in the project upside at no additional cost, with the
      potential for future royalty payments upon the commencement of production.
      </P></TD></TR></TABLE>
<P align=center>Page 2 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify><B>Royalty Acquisition. </B>EMX has been pursuing the
      prudent acquisition of royalty property interests since 2011. The purchase
      of royalty interests allows EMX to choose quality assets for acquisition
      that range from producing mines to advanced development properties. These
      purchases are designed to "jump start" the organic royalty portfolio
      growth process by providing EMX with immediate to near term royalty cash
      flow. The Company's in-country royalty generation initiatives often inform
      the timely identification of top tier acquisition candidates. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify><B>Strategic Investment. </B>An important complement to
      EMX's royalty generation and royalty acquisition initiatives comes from
      opportunistic strategic investment in mineral exploration opportunities
      with under-valued upside potential. Exit strategies can include royalty
      positions, equity sales, or a combination of both. As well, these
      investments can lead to EMX's identification of candidates for acquisition
      or merger. </P></TD></TR></TABLE>
<P align=justify>EMX is steadily increasing global revenue streams from
royalties, advance royalties and other cash payments to balance overall
company-wide expenditures. The goal is to sustain the Company's royalty
generation, royalty acquisition, and strategic investment activities while
providing multiple opportunities for exploration and production success with
minimal dilution to our shareholders. This approach serves to provide a
foundation for supporting the Company&#146;s growth and increasing shareholder value
over the long term. </P>
<P align=justify><B>HIGHLIGHTS FOR Q2 AND SUBSEQUENT: </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>The Company changed its name from Eurasian Minerals Inc.
      to EMX Royalty Corporation effective July 19, 2017. The name change
      highlights a strategic focus on royalty generation and realizing royalty
      income from a growing and diversified mineral property portfolio spanning
      five continents. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>EMX completed a non-brokered private placement raising
      $7,000,000 by the issuance of 5,000,000 units at a price of $1.40 per
      Unit. Each Unit was comprised of one common share and one-half of one
      non-transferable common share purchase warrant. Each whole warrant
      entitles the holder to purchase an additional common share for $2.00 until
      April 12, 2019. As part of the private placement, the Company paid
      finder&#146;s fees totaling $356,986. Included in this amount was 246,604 Units
      (6% of the Units sold to investors introduced by finders) valued at
      $345,246 and $11,740 in cash. The Units paid as finders fees included the
      same terms as the private placement Units. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>Thomas Mair was appointed as the General Manager of
      Corporate Development to further strengthen the EMX team focused on
      growing the Company's royalty property portfolio and revenues. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>For the six months ended June 30, 2017, the Company
      recorded a loss from operations of $3,704,638. Gross exploration
      expenditures totaled $2,724,983 of which $613,322 was recovered from
      partners. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>For the six months ended June 30, 2017 EMX earned
      approximately $1,054,000 (US$790,000) for gross revenue from the Leeville
      royalty property that covers portions of Newmont Mining Corporation's
      (&#147;Newmont&#148;) underground mining operations on the Northern Carlin Trend in
      Nevada. This includes US$377,000 earned in April, May, and June 2017 and
      US$76,000 from settlement of royalty provisional payments in prior
      periods. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>At EMX's Timok Project copper-gold royalty property,
      which covers the Cukaru Peki copper-gold deposit, Nevsun Resources Ltd.
      ("Nevsun") completed Upper Zone high grade in-fill drilling, and announced
      results from an ongoing $20 million drill program to define the "large
      footprint" of the Lower Zone porphyry mineralization. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>EMX is a strategic investor in IG Copper LLC (&#147;IGC&#148;), a
      privately held company that is in a joint venture with Freeport McMoRan
      Exploration Corporation ("Freeport") on the Malmyzh copper-gold porphyry
      project in Far East Russia (51% IGC, 49% Freeport). As a subsequent event,
      EMX announced results from the 2017 Freedom Northwest drill program that
      included an intercept of 417.3 meters (219.4-636.7 m) averaging 0.60%
      copper equivalent (0.50% copper and 0.21 g/t gold), including a higher
      grade sub-interval of 142.6 meters (255.4-398.0 m) averaging 0.74% copper
      equivalent (0.62% copper and 0.26 g/t gold) (true width) in AMM-216 (see
      EMX news release dated July 25, 2017). The 2017 drilling, combined with
      earlier Freedom Northwest drill results, suggests a broad, inferred
      outline of a pipe-like breccia body with approximate dimensions of 800 x
      800 meters in plan view, and a vertical dimension of ~650 to over 850
      meters. </P></TD></TR></TABLE>
<P align=center>Page 3 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>EMX's royalty generation initiatives in Scandinavia have
      resulted in the acquisition of, or pending application for, multiple new
      licenses, including gold, copper and polymetallic projects in Sweden's
      Skellefte&#229; and Bergslagen regions, as well as prospective gold and cobalt
      projects in Norway. </P></TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>The Company's royalty generation program in the western
      U.S. resulted in the staking of new porphyry copper projects in Arizona's
      Morenci (Midnight Juniper) and Ray (Ripsey West) mining districts, as well
      as Carlin-style properties situated in Nevada's gold trends. </P></TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>Subsequent to June 30, 2017, EMX received a US $634,015
      payment, the cash equivalent of 500 troy ounces of gold, from &#199;iftay
      sn_aat Taahh&#252;t ve Ticaret A.S., as the pre-production payment for the
      Akarca royalty project. Receipt of this payment leaves a total of 6,000
      ounces of gold (or cash equivalent) to be paid to EMX on a schedule of
      every six months. </P></TD></TR></TABLE>
<P align=justify><B>OUTLOOK </B></P>
<P align=justify>EMX has adapted to evolving opportunities in the minerals
sector, transitioning over the last five years from exploration and prospect
generation to a business model that emphasizes the generation of royalties and
acquisition of royalty interests. The Company's royalty generation initiatives
are concentrated on precious and base metals opportunities in geologically
prospective regions and mining supportive jurisdictions. EMX has built a
portfolio of precious metals, base metals, polymetallic, and other mineral
property interests that spans five continents and covers approximately 1.5
million acres. These assets provide revenue streams from pre-production and
royalty payments, while maintaining continual exposure to development and
exploration upside as projects are progressed by the operating companies. EMX
supplements mineral property revenue streams and value creation by making
strategic investments in exploration companies or projects that could provide
shareholders with potential upside via equity sales or retaining a royalty
interest. </P>
<P align=justify>As 2017 progresses, EMX continues to take concrete steps to
increase revenue and stream-line operations in order to deploy additional
capital towards identifying new opportunities. The Leeville royalty is
complemented by other steadily increasing sources of revenue, including advance
royalty payments and other cash payments from existing agreements as projects
are advanced by the operating companies.</P>
<P align=justify>Revitalized market conditions have led to renewed interest in
mineral exploration projects around the world. EMX's royalty generation programs
are focused on aggressively acquiring new prospective projects by capitalizing
on a variety of generative opportunities that were identified during the recent
market downturn. Emphasis is placed on areas where EMX has existing operations
in stable political jurisdictions and good deal flow, such as North America and
Scandinavia.</P>
<P align=justify>As proceeds from royalties, advance royalties and other
pre-production cash payments increase over time, EMX is steadily increasing
global revenue streams to balance expenditures. The goal is to sustain the
Company's royalty generation, royalty acquisition, and strategic investment
activities with royalty cash flows, while developing a pipeline of quality
mineral properties that provide multiple opportunities for exploration and
production success. </P>
<P align=justify><B>ROYALTY OVERVIEW </B></P>
<P align=justify>A key EMX asset is the Leeville royalty property that covers
portions of Newmont&#146;s Northern Carlin Trend underground gold mining operations.
The Leeville 1% gross smelter return ("GSR") royalty paid approximately $608,000
(US$453,000) during the three months ending June 30, 2017, which includes
US$76,000 for the settlement of prior period provisional payments. The royalty
totaled just over 300 troy ounces of gold that were principally sourced from the
Leeville (63%) and Turf operations (37%). In addition to the currently producing
operations, Newmont has delineated a trend of sediment-hosted gold
mineralization that extends southeast from the Leeville mining complex. EMX's
Leeville royalty property covers portions of this trend that includes the Rita K
and Full House exploration projects. These Newmont exploration successes
underscore the upside prospectivity of EMX's Leeville royalty property.</P>
<P align=justify>Further Carlin Trend exploration upside is provided by EMX&#146;s
Maggie Creek South 3% NSR and Maggie Creek 2% NSR royalty properties. The Maggie
Creek South and Maggie Creek royalty properties collectively cover approximately
12.4 square kilometers of prospective ground within about 1.6 kilometers of
Newmont&#146;s Gold Quarry open pit mining operation. </P>

<P align=center>Page 4 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=justify>In addition to EMX&#146;s Carlin Trend royalty properties, the
Company has key royalty property interests elsewhere in the western U.S., as
well as in Turkey, Scandinavia, Serbia, and Haiti, including: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left >&#149; </TD>
    <TD align=left width="90%" >
      <P align=justify>The Balya lead-zinc-silver royalty property in Turkey,
      which continued to undergo small scale underground development in Q2. Also
      in Turkey, the Akarca and Sisorta exploration projects have been converted
      to EMX royalty properties and are being advanced towards development and
      production. </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD>
    <TD width="90%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >&#149; </TD>
    <TD align=left width="90%" >
      <P align=justify>In Scandinavia, EMX has five royalty properties. Four of
      these properties (two in Sweden and two in Norway) were sold earlier in
      2017 to Boreal Metals Corp. ("BMC") for a 3% NSR royalty, an equity
      interest in BMC, and other consideration. In addition to the BMC royalty
      properties, EMX's Viscaria copper royalty property is being advanced by
      Avalon Minerals Ltd. (&#147;Avalon&#148;). </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD>
    <TD width="90%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >&#149; </TD>
    <TD align=left width="90%" >
      <P align=justify>EMX&#146;s portfolio in Serbia represents a combination of
      organically generated royalties and a key royalty purchase that covers the
      Timok Project's Cukaru Peki copper-gold deposit. Cukaru Peki's high grade
      Upper Zone is being advanced towards production by Nevsun, while the Lower
      Zone porphyry is being explored by Nevsun and joint venture partner
      Freeport-McMoRan. </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD>
    <TD width="90%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >&#149; </TD>
    <TD align=left width="90%" >
      <P align=justify>All of EMX's interests in Haiti have been converted into
      0.5% NSR royalties, with the sale of joint venture interests to Newmont in
      2015 and the 2016 sale of the Grand Bois property to a privately held
      Nevada corporation. </P></TD></TR></TABLE>
<P align=justify>In addition, all of EMX&#146;s other properties that are either
optioned or sold include EMX royalty options. Many of these properties provide
milestone and advance minimum royalty ("AMR") or advance annual royalty ("AAR")
payments that generate early revenue streams to EMX&#146;s benefit prior to
production. Additional details on EMX&#146;s property portfolio are included in the
following sections. </P>
<P align=justify><B><I>NORTH AMERICA</I></B></P>
<P align=justify>EMX&#146;s portfolio in North America totals 38 royalty and royalty
generation properties covering more than 39,000 hectares. The royalty generation
properties are advanced through wholly-owned subsidiary Bronco Creek Exploration
Inc. ("BCE"), and include porphyry copper-molybdenum, porphyry copper-gold,
Carlin-type gold, alkalic gold, and high-grade gold-silver vein projects. The
portfolio includes fourteen royalty properties, including the producing Leeville
royalty (see above section), and 24 available properties in Arizona, Nevada,
Utah, and Wyoming. </P>
<P align=justify>The Company&#146;s work focused on a) royalty generation initiatives
and new project acquisitions, b) business development for available projects,
and c) advancing operator funded projects. A summary of Q2 activities is given
below. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>EMX has an Exploration and Option to Purchase Agreement
      with Kennecott Exploration Company ("Kennecott") for the Copper King
      project in Arizona (See EMX news releases dated October 19, 2016).
      Pursuant to the agreement, Kennecott can earn a 100% interest in the
      project by a) reimbursing the 2016 holding costs and making option
      payments, together totaling US$504,314, and b) completing US$4,000,000 in
      exploration expenditures before the fifth anniversary of the Agreement.
      Upon exercise of the option EMX will retain a 2% NSR royalty which is not
      capped or purchasable. After exercise of the option, annual AMR and
      milestone payments will be payable to EMX. Kennecott advised EMX that it
      had completed a magnetotelluric geophysical survey during the reporting
      period. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>The Superior West copper-molybdenum project near
      Superior, Arizona is under an Exploration and Option to Purchase Agreement
      with Kennecott whereby Kennecott may earn a 100% interest in the project
      by completing US$5.5 million in exploration expenditures and making cash
      payments totaling US$1,149,187, after which EMX will retain a 2% NSR in
      addition to receiving AMR and certain project milestone payments (see EMX
      news release dated May 4, 2015). During Q2, cultural (archaeological) and
      biological surveys were completed to clear 15 additional sites which are
      being added to the project's Plan of Operations as options for a follow-up
      drill program. Subsequent to quarter end, EMX completed the option and
      acquisition of fourteen mining claims from a private group that contains a
      suspected fault-displaced portion of the Magma Vein. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>The Hardshell Skarn property in southern Arizona is
      covered by an Exploration and Option Agreement with Arizona Mining Inc.
      ("Arizona Mining") whereby Arizona Mining can earn a 100% interest in the
      project by making cash payments totaling US$85,000, and upon exercise of
      the option, EMX will retain a 2% NSR royalty and receive annual advance
      royalty payments (see EMX news release dated November 24, 2015). Arizona
      Mining continued exploration and drill programs at the Hermosa project's
      Taylor Deeps zone during the reporting period. To date, the "tails" of
      three angle holes crossed onto the EMX property along its northern border
      and intercepted zinc-lead-silver sulfide mineralization. </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>EMX acquired additional open ground through staking and
      application for state exploration permits. New projects include the Ripsey
      West and Midnight Juniper copper porphyry targets in Arizona, as well as
      new Carlin-style gold targets in Nevada. Ripsey West is near the Ray mine, and Midnight
      Juniper is located near the Morenci mine. Both properties are available
    for partnership. </P></TD></TR></TABLE><br>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>EMX continued evaluation of property and royalty
      acquisition opportunities in North America, with generative work focused
      on gold opportunities in the Great Basin and porphyry copper targets in
      Arizona and Utah. </P></TD></TR></TABLE>
<P align=justify>EMX is in ongoing discussions with potential partners for the
available North American properties, as well as for regional exploration
alliances leading to new royalty generation options for EMX. </P>
<P align=center>Page 5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A>
<P align=justify><B>Qualified Person</B> </P>
<P align=justify>Dean D. Turner, CPG, a Qualified Person as defined by NI 43-101
and consultant to the Company, has reviewed, verified and approved the above
technical disclosure on North America.</P>
<P align=justify><B><I>TURKEY </I></B></P>
<P align=justify>EMX holds six royalty properties and one available royalty
generation project in Turkey&#146;s Western Anatolia and Eastern Pontides mineral
belts. These properties include bulk tonnage gold, gold-silver vein,
polymetallic carbonate replacement, and porphyry gold-copper projects. Dama
Muhendislik Proje ve Maden San.Tic. A.S (&#147;Dama&#148;), an internationally
recognized Turkish engineering company based in Ankara, is managing EMX's
interests in Turkey. </P>
<P align=justify><B>Akarca Property </B></P>
<P align=justify>The Akarca royalty property covers a gold-silver district
discovered by EMX in 2006 in the Western Anatolia mineral belt. Exploration
programs at Akarca, principally funded by operators, have delineated six low
sulfidation gold-silver zones with mineralization occurring in vein systems and
silicified wall rocks. </P>
<P align=justify>EMX sold AES Madencilik A.S., the wholly-owned EMX subsidiary
that controls the Akarca project, to &#199;iftay sn_aat Taahh&#252;t ve Ticaret A.S.
("&#199;iftay"), a privately owned Turkish company in 2016 (see EMX news release
dated August 8, 2016). As part of the sale of Akarca to &#199;iftay, in addition to
receiving a US $2 million cash payment at closing, EMX is scheduled to receive
payments of 500 ounces of gold (or cash equivalent) every six months commencing
on February 1, 2017, and continuing until receipt of a total of 7,000 ounces.
The first payment to EMX of $804,219 (US$601,825), the cash equivalent of 500
troy ounces of gold, was received on February 1, 2017. The second 500 ounce
payment of US$634,015 was received August 4, 2017. Receipt of these payments
leaves a total of 6,000 ounces of gold to be paid to EMX.</P>
<P align=justify>Additional terms of the Akarca sale include a sliding scale
royalty for gold production (subject to certain deductions): 1.0% on the first
100,000 ounces of gold; 2.0% on the next 400,000 ounces of gold; 3.0% on all
gold production in excess of 500,000 ounces produced from the Property. For all
other mineral production other than gold, the royalty rate is 3.0% . As well,
certain bonuses will also be paid upon achievement of production milestones, and
&#199;iftay must conduct drilling programs of at least 3,000 meters on the property
during each 12-month period commencing on August 5, 2016.</P>
<P align=justify>&#199;iftay has advised EMX that it is proceeding with in-house
engineering studies and has plans for a 4,500 meter drill program this year.
</P>
<P align=justify><B>Sisorta Property </B></P>
<P align=justify>The Sisorta royalty property, located in the Eastern Pontides
mineral belt, is a near-surface, volcanic-hosted, high sulfidation epithermal
gold deposit. Exploration programs at Sisorta, principally funded by operators,
have outlined a 1000 by 600 meter zone of shallow oxide gold mineralization with
underlying copper and gold porphyry potential at depth. </P>
<P align=justify>EMX sold EBX Madencilik A.S., the wholly-owned EMX subsidiary
that controls the Sisorta property, to Bahar Madencilik Sinayi ve Ticaret Ltd
Sti ("Bahar"), a privately owned Turkish company in 2016 (see EMX news release
dated August 3, 2016). The terms of the sale provide for Bahar's payments to EMX
summarized as a) US$250,000 cash paid upon closing, b) annual cash payments of
US$125,000 (&#147;Advance Cash Payments&#148;) payable on each anniversary of the closing
date until commencement of commercial production, and c) 3.5% of production
returns after certain deductions (&#147;NSR Payment") for ore mined from the property
that is processed on-site (increased to 5% if the ore is processed off-site)
that is uncapped and cannot be bought out or reduced. The Advance Cash Payments
will be credited at a rate of 80% against the NSR Payment payable after
commercial production commences. </P>
<P align=justify>Bahar has advised EMX that environmental permitting is underway
as a step towards mine development. </P>
<P align=center>Page 6 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_7></A>
<P align=justify><B>Balya Royalty Property </B></P>
<P align=justify>The Balya royalty property is located in the historic Balya
lead-zinc-silver mining district in northwestern Turkey. EMX holds an uncapped
4% NSR royalty that it retained from the sale of the property to Dedeman
Madencilik San ve Tic. A.S. ("Dedeman"), a privately owned Turkish company, in
2006.</P>
<P align=justify>Dedeman's small scale development work has concentrated on an
area of shallow, high grade mineralization on the northeast margin of the
Hastanetepe deposit. Dedeman advised EMX that it is continuing with underground
production of lead-zinc-silver mineralization at a rate of ~ 2,000
tonnes/month.</P>
<P align=justify><B>Golcuk Property </B></P>
<P align=justify>EMX's Golcuk stratabound copper-silver royalty property,
located in the Eastern Pontides mineral belt, is covered by an agreement with
Pasinex Resources Ltd. ("Pasinex") granting it an option to acquire a 100%
interest in the property for shares and work commitments, with EMX retaining a
2.9% NSR royalty interest (see Pasinex news release dated July 25, 2012).
Pasinex initiated a reconnaissance drill program at "South Golcuk" in Q2.<B>
</B></P>
<P align=justify><B>Alankoy Property </B></P>
<P align=justify>EMX's Alankoy gold-copper property, located in the Biga
Peninsula of northwestern Turkey, is in an area noted for recent discoveries
characterized by epithermal alteration and the development of vuggy silica
lithocaps. Alankoy is currently available, and a number of companies have
expressed interest in the project.</P>
<P align=justify><B>Aktutan Property </B></P>
<P align=justify>EMX&#146;s Aktutan polymetallic vein property is located in the
G&#252;m&#252;_hane region of northeastern Turkey, in an area known for high grade
polymetallic vein deposits. Aktutan was sold to Dedeman in 2007, and Dedeman is
currently evaluating the next steps for the project, while awaiting approval for
an operations permit. EMX received a US $100,000 advance royalty payment from
Dedeman in Q2, 2017. </P>
<P align=justify><B>Qualified Person </B></P>
<P align=justify>Eric P. Jensen, CPG, a Qualified Person as defined by NI 43-101
and employee of the Company, has reviewed, verified and approved the above
technical disclosure on Turkey. </P>
<P align=justify><B><I>AUSTRALIA AND NEW ZEALAND</I></B></P>
<P align=justify>The Company's programs in Australia and New Zealand continued
to take advantage of royalty generation opportunities while operating at a
reduced expenditure rate. The Koonenberry gold project in New South Wales,
Australia is being advanced under earn-in and royalty agreements with EMX, and
the QLD Gold property is available for partnership. In New Zealand, the
Neavesville gold-silver project is being advanced under an agreement with E2
Metals Ltd., and the Ohakuri and Muirs Reef properties are available. </P>
<P align=justify><B>Koonenberry Property </B></P>
<P align=justify>The Koonenberry property hosts gold occurrences and gold
geochemical anomalies coincident with prominent structural features related to
the regional scale Koonenberry fault. The majority of the project is under an
Exploration and Option Agreement with North Queensland Mining Pty Ltd ("NQM"), a
privately held Australian company, whereby NQM can earn a 100% interest in the
subsidiary that holds the EMX licenses, with EMX retaining a 3% production
royalty upon earn-in. NQM is in the final administrative steps of exercising
their option to acquire 100% interest in the project, thereby converting the
property to an EMX royalty interest.</P>
<P align=center>Page 7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_8></A>
<P align=justify><B>Neavesville Property </B></P>
<P align=justify>The Neavesville epithermal gold-silver property occurs in the
  Hauraki Goldfield of New Zealand's North Island. The project is under a
  definitive agreement with an Australian company, E2 Metals Ltd. (&#147;E2M&#148;), which
  acquired the EMX subsidiary that controls the Neavesville property. The
  agreement with E2M provides for work commitments, staged payments, milestone
  payments based upon JORC reserves, and a 3% NSR production payment, all to the
  benefit of EMX.</P>
<P align=justify>In Q2, E2M commenced trading on the ASX Exchange following
completion of an initial public offering that raised AUD $6 million (see E2M
news release dated April 19, 2017). E2M has advised EMX that a Neavesville drill
program is anticipated to commence in Q3. </P>
<P align=justify><B>Qualified Person </B></P>
<P align=justify>Eric P. Jensen, CPG, a Qualified Person as defined by NI 43-101
and employee of the Company, has reviewed, verified and approved the above
technical disclosure on Australia and New Zealand.</P>
<P align=justify><B><I>EUROPE </I></B></P>
<P align=justify>EMX has been exploring in Europe since 2003, resulting in a
portfolio of copper and polymetallic royalty and royalty generation properties
in Scandinavia, as well as copper and gold royalty properties in Serbia. In
Scandinavia, the Company continued to add value through low cost generative
programs, while pursuing partnerships for properties in the portfolio. EMX also
has a portfolio of royalty interests in Serbia that includes the Timok Project's
Cukaru Peki copper-gold project.</P>
<P align=justify><B>Scandinavia </B></P>
<P align=justify>EMX closed a share purchase agreement in Q1 2017 with Boreal
Metals Corp. ("BMC&#148;), a private British Columbia corporation, for the Gumsberg
and Adak properties in Sweden, and the Tynset and Burfjord properties in Norway.
The commercial terms of the agreement are summarized as: a) BMC issued to EMX
common shares representing a 19.9% equity ownership in BMC, with a non-dilution
provision that persists until BMC has raised CAD $5,000,000 in capital, b) EMX
retains an uncapped 3% NSR royalty on each of the properties, 1% of which may be
purchased by BMC under certain conditions, c) EMX will receive annual advance
royalty (&#147;AAR&#148;) payments commencing on the second anniversary of the closing, d)
EMX will receive a 0.5% NSR royalty on any new projects generated by BMC in
Sweden or Norway, excluding projects acquired from a third party containing a
mineral resource or reserve or an existing mining operation, and d) EMX has the
right to nominate one seat on the Board of Directors of BMC. On June 1st, BMC
announced that EMX's Eric Jensen had been appointed to the BMC board.</P>
<P align=justify>EMX continues to aggressively acquire new properties in
Scandinavia, with a focus on orogenic lode/intrusion related gold,
Iron-Oxide-Copper-Gold (&#147;IOCG&#148;), Volcanogenic Massive Sulfide (&#147;VMS&#148;) and
nickel-copper-cobalt projects. EMX has applied for and/or acquired over 120,000
hectares of new license areas since Q3 2016, including: a) eleven
intrusion-related gold properties along the &#147;Gold Line&#148; in the Skellefte&#229; area,
Sweden&#146;s chief gold producing region, b) multiple acquisitions of polymetallic
base metals projects in the Bergslagen region of southern Sweden, including the
Riddarhyttan IOCG-VMS project, the locality where cobalt, cerium and lanthanum
were initially discovered, and c) acquisitions in Norway, including a highly
prospective orogenic/lode gold style project with outcropping gold
mineralization, and a large cobalt project along a trend of historic cobalt
mines. EMX's new projects in Sweden and Norway are available for
partnership.</P>
<P align=justify>EMX holds an effective 0.5% NSR royalty interest in Avalon&#146;s
Viscaria copper project located in the Kiruna mining district of northern
Sweden. Upon receipt of US$12 million in royalty revenues, the royalty rate
increases to a 1.0% NSR. In Q2, Avalon announced encouraging D-Zone drill
results that extend south of the current mineral resource (see Avalon news
release dated June 26, 2017).</P>
<P align=justify><B>Serbia </B></P>
<P align=justify>EMX's royalty portfolio in Serbia initially resulted from
prospect generation and organic royalty growth via the 2006 sale of its
properties, including Brestovac West, to Reservoir Capital Corp., for uncapped
NSR royalties of 2% for gold and silver and 1% for all other metals. Reservoir
Capital Corp. later transferred those interests to Reservoir Minerals Inc.
(&#147;Reservoir&#148;). </P>
<P align=justify>Subsequently, EMX acquired 0.5% NSR royalty interests (note:
the royalty percentage is subject to reduction on conditions specified in the
royalty agreement) covering the Brestovac and Jasikovo-Durlan Potok properties
(see EMX news release dated February 4, 2014), which along with Brestovac West,
are included in the Timok Project now controlled by Nevsun Resources Ltd.
("Nevsun") after its acquisition of Reservoir in June, 2016. EMX notes that a)
the original Brestovac and Brestovac West permits are now covered by the Brestovac Metonivca and
Brestovac Zapad permits, and b) portions of a reconfigured Jasikovo-Durlan Potok
permit (i.e., expanded in some areas and reduced in other areas) are not covered
by the EMX royalty.</P>
<P align=center>Page 8 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_9></A>
<P align=justify>Brestovac (Brestovac Metonivca) hosts the Cukaru Peki deposit,
which consists of Nevsun's high grade copper-gold Upper Zone, as well as the
Lower Zone porphyry that is in a joint venture with Freeport-McMoRan. During Q2,
as part of its ongoing prefeasibility study, Nevsun completed a 30,000 meter
infill drill program in the Upper Zone deposit, and announced results from an
ongoing $20 million drill program to define the "large footprint" of the Lower
Zone copper-gold mineralization (see Nevsun news release dated June 29, 2017).
As reported in the June 29, 2017 Nevsun news release, results from the Lower
Zone drill program included multiple holes with &gt;200 meter intercepts of over
1% copper with a significant gold credit. In addition, drill hole TC170131A
intercepted 0.80% copper and 0.22 g/t gold over 798.1 meters. Nevsun estimated
the reported intersections to be &#147;near true width&#148;. </P>
<P align=justify>EMX's Timok royalty properties add significant near-term upside
for the Company in one of Europe's richest copper-gold mineral belts.</P>
<P align=justify><B>Qualified Person </B></P>
<P align=justify>Eric P. Jensen, CPG, a Qualified Person as defined by NI 43-101
and employee of the Company, has reviewed, verified and approved the above
technical disclosure on Europe. </P>
<P align=justify><B><I>HAITI </I></B></P>
<P align=justify>EMX's organically generated 0.5% NSR royalty portfolio covers
exploration properties in northern Haiti controlled by Newmont Ventures Limited,
as well as a privately held Nevada corporation. As EMX understands, the Haitian
government continues to work on a new mining law, a process which has been
ongoing since 2013.</P>
<P align=justify><B>Qualified Person </B></P>
<P align=justify>Dean D. Turner, CPG, a Qualified Person as defined by NI 43-101
and consultant to the Company, has reviewed, verified and approved the above
technical disclosure on Haiti. </P>
<P align=justify><B>GEOTHERMAL ROYALTIES </B></P>
<P align=justify>EMX initiated a geothermal energy program in 2010, and acquired
assets in Slovakia and Peru. EMX subsequently sold its geothermal assets in 2013
to Starlight Geothermal Ltd. ("SGL") for cash payments, an equity position in
SGL, and gross royalties from future geothermal energy production. In Q2, SGL
advised that the geothermal concessions in Peru had been dropped due to a lack
of proactive government support to encourage development (i.e., favorable
feed-in tariffs, etc.). </P>
<P align=justify><B><I>STRATEGIC INVESTMENTS </I></B></P>
<P align=justify><B>IG Copper LLC</B></P>
<P align=justify>EMX is a strategic investor in IG Copper LLC (&#147;IGC&#148;), a
privately held company that is in a joint venture with Freeport-McMoRan on the
Malmyzh copper-gold porphyry project in Far East Russia. IGC has a 51% ownership
interest in the Malmyzh joint venture, with Freeport retaining a 49% interest.
IGC is operating and managing the project. The Salasinskaya and Shelekhovo
projects, located 150 kilometers northeast of Malmyzh, are 100% controlled by
IGC and not subject to the joint venture with Freeport. EMX is IGC's largest
shareholder, with approximately 40% of the issued and outstanding shares (37%
equity position on a fully-diluted basis) from investments totalling US$9.5
million.</P>
<P align=justify>Malmyzh is a grassroots, district-scale discovery with over 14
porphyry copper-gold prospects currently identified within a 16 by 5 kilometer
intrusive corridor. A statement of inferred resources for Malmyzh's Valley,
Central, Freedom (Southeast), and Flats deposits under NI 43-101 and CIM
definition standards was provided in 2015 by Phil Newall, PhD, BSc, CEng, FIMMM,
a Qualified Person and managing director of Wardell Armstrong International. The
open pit constrained inferred resources at a 0.30% copper equivalent cut-off are
1,661 million tonnes at average grades of 0.34% copper and 0.17 g/t gold, or
0.42% copper-equivalent, containing 5.65 million tonnes (12.45 billion pounds)
copper and 9.11 million ounces gold, or 7.06 million tonnes (15.56 billion
pounds) copper-equivalent*. See EMX's May 26, 2015 news release and SEDAR filed
technical report titled "NI 43-101 Technical Report on the Initial Mineral
Resource Estimate for the Malmyzh Copper-Gold Project, Khabarovsk Krai, Russian
Federation" with an effective date of May 1, 2015 and dated July 10, 2015 for
more information on the exploration results, copper equivalent calculation, QA/QC
procedures, and methodology used to estimate the Malmyzh inferred resources.</P>
<P align=center>Page 9 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_10></A>
<P align=justify>As a subsequent event, EMX announced results from IGC's 2017
diamond drilling program at the Freedom Northwest prospect totaling three holes
(AMM-214, -215, -216) for 2,437.6 meters (see EMX news release dated July 25,
2017). These holes were drilled to further test breccia pipe mineralization
initially recognized in late 2016 from hole AMM-213. Drill hole AMM-216 provided
particularly notable results, intersecting 417.3 meters (219.4 -636.7 m)
averaging 0.60% copper equivalent (0.50% copper and 0.21 g/t gold), including a
higher grade sub-interval of 142.6 meters (255.4 -398.0 m) averaging 0.74%
copper equivalent (0.62% copper and 0.26 g/t gold) (true width). The AMM-216
intercept was principally hosted in magmatic-hydrothermal breccias, and was
drilled vertical near the center of the breccia pipe. The 2017 drilling,
combined with earlier Freedom Northwest drill results, suggests a broad,
inferred outline of a pipe-like breccia body with approximate dimensions of 800
x 800 meters in plan view, and a vertical dimension of ~650 to over 850 meters.
The interpreted breccia pipe footprint generally coincides with a circular
magnetic anomaly defined from recent high resolution ground magnetic surveys.
Higher grade intervals appear to coincide with increased percentages of
quartz-chalcopyrite-magnetite vein clasts in the breccias. The source of these
well mineralized vein clasts has yet to be identified. IGC is planning further
follow-up at Freedom Northwest based upon the encouraging results from this
initial phase of deep targeted drilling at Malmyzh. </P>
<P align=justify><I>* Copper equivalent calculated as CuEq = Cu% + (Au g/t *
0.5), based on assumed prices of $3.25/lb Cu and $1400/oz Au, with recoveries of
90% for Cu and 70% for Au. </I></P>
<P align=justify><B>Revelo Resources Corp.</B></P>
<P align=justify>EMX has a strategic investment in Revelo Resources Corp.
(&#147;Revelo&#148;), a company focused on the acquisition and exploration of mineral
properties in the prolific metallogenic belts of northern Chile. Revelo has a
portfolio of 26 projects prospective for copper, gold and silver. Revelo also
retains a 2% royalty interest in the Victoria Project, an important
copper-gold-silver exploration project in northern Chile. During Q2, Revelo
optioned the Loro gold-silver project to Hochschild Mining PLC (see Revelo news
releases dated June 6, 2017). Revelo also announced the identification of a new
porphyry copper-gold target at its Montezuma project (See Revelo news release
dated June 20, 2017). </P>
<P align=justify><B>Qualified Person </B></P>
<P align=justify>Dean D. Turner, CPG, a Qualified Person as defined by NI 43-101
and consultant to the Company, has reviewed, verified and approved the above
technical disclosure on Strategic Investments.</P>
<P align=justify><B>RESULTS OF OPERATIONS </B></P>
<P align=justify><U>Three months ended June 30, 2017</U> </P>
<P align=justify>The net loss for the three months ended June 30, 2017 (&#147;Q2
2017&#148;) was $2,537,649 compared to $2,050,622 for the prior year&#146;s comparative
quarter (&#147;Q2 2016&#148;). The loss for Q2 2017 was made up of a net royalty income of
88,293 (Q2 2016 - loss $6,749) after depletion and related tax, net exploration
expenditures of $972,774 (Q2 2016 - $1,138,040), general and administrative
expenditures of $882,588 (2016 - $798,786) and other losses totaling $714,119
(Q2 2016 - $485,285) offset by a deferred income tax loss of $56,461 (Q2 2016 &#150;
recovery $378,238). Included in other losses an equity loss in associated
companies of $328,747 (Q2 2016 - $300,200), and a writedown of goodwill of
$32,059 (Q2 2016 - $380,978). Some items to note are: </P>
<P align=justify><B><I>Revenues </I></B></P>
<P align=justify>For the three months ended June 30, 2017, royalty income was
earned for approximately 300 (Q2 2016 &#150; 233) ounces of gold totaling $608,532
(Q2 2016 - $373,266) including the settlement of provisions from prior periods
offset by gold tax and depletion of $520,239 (Q2 2016 - $380,015) for net
royalty income of $88,293 (Q2 2016 &#150; loss $6,749). The increase in royalty
income was mainly due to an increase in ounces produced and a higher realized
gold price per ounce in the current period. In Q2 2017 the average realized gold
price (excluding settlements of provisions in prior periods) was US$1,249 per
ounce compared to US$1,217 for Q2 2016. </P>
<P align=center>Page 10 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_11></A>
<P align=justify><B><I>Exploration Expenditures </I></B></P>
<P align=justify>Exploration expenditures (gross) increased by $137,297 in Q2
  2017 compared to Q2 2016. Recoveries increased by $302,563 in Q2 2017 compared
  to Q2 2016 for a net decrease in exploration expenditures of $165,266 in Q2 2017
  compared to Q2 2016. Some of the differences between Q2 2017 and Q2 2016 are as
  follows: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>In Scandinavia, net expenditures increased by $168,453 compared to the
  prior comparative quarter. In Q2 2017, the Company aquired a number of
  exploration licenses, including the acquisition of/application for over
  120,000 hectares of new licenses and continued to actively market its project
  interests in Scandinavia. Included in recoveries for the three months ended
  June 30, 2017 is $173,331 related to the fair value of 3,466,610 common shares
  of Boreal Metals Corp. received as part of the prior sale of certain entities
  in Scandinavia. </P>
  <LI>
  <P>In the USA, gross expenditures increased from $502,733 to $781,436 and
  recoveries increased from $85,195 to $143,634. The Americas continue to
  represent a potentially high value, low cost exploration venue coupled with a
  large list of prospective partners to conduct EMX&#146;s business model. EMX
  continued evaluation of property and royalty acquisition opportunities in
  North America, with generative work focused on gold opportunities in the Great
  Basin and porphyry copper targets in Arizona and Utah. EMX acquired additional
  open ground through staking and application for state exploration permits in
  key Arizona mining districts during Q2. </P>
  <LI>
  <P>In Turkey, gross expenditures decreased by $380,507 to $85,692, while
  recoveries increased by $47,733 as a result of the sale of the the Sisorta and
  Akarca properties during the year endend December 2016. Pursuant to a sale
  agreement entered into in the year ended December 31, 2016 for the Akarca
  property in Turkey, the Company is scheduled to receive payments of 500 ounces
  of gold (or cash equivalent) every six months commencing on February 1, 2017,
  and continuing until receipt of a total of 7,000 ounces. During the six months
  ended June 30, 2017 the Company received the first payment of 500 ounces as a
  cash payment of US $601,825 ($804,219) which has been credited against
  accounts receivables. The Company also received a US $100,000 advance royalty
  payment from Dedeman in Q2, 2017 which is included in exploration recoveries
  and other income related to the Aktutan property as noted previous in the
  project review. </P></LI></UL>
<P align=justify><B><I>General and Administrative </I></B></P>
<P align=justify>General and administrative expenses (&#147;G&amp;A&#148;) of $882,588
were incurred compared to $798,786 in Q2 2016. Changes to note in the current
year compared to the previous years include: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>Investor relations increased from by $95,525 in Q2 2017 compared to Q2
  2016. The Company has undertaken initiatives including the name change that
  officially took place in July 2017. Additonal trade shows registration fees
  were included in Q2 2017 to reflect a more active market atmosphere. The
  Company attends select industry trade shows and supports lines of
  communication to current and potential investors. </P>
  <LI>
  <P>Professional fees increased from $153,535 to $184,887 due to an increase in
  legal due diligene expenses to support the business development opportunities
  undertaken by the Company. </P>
  <LI>
  <P>Administrative and office expenses decreased by $18,924 to $173,939 from Q2
  2016. The Company has a corporate office in Vancouver which manages the
  finance, regulatory and administrative functions. It also has a regional
  office in Littleton, Colorado which supports the exploration, technical,
  investor relations and deal flow aspects of the business. </P>
  <LI>
  <P>Salaries and consultants are one of the largest expense in G&amp;A. It
  should be noted that many of our personnel expenditures companywide are
  denominated in United States dollars (&#147;USD&#148;) and any increase in the value of
  the USD compared to the Canadian dollar, which is our reporting currency, will
  increase expenditures. Salaries and consultants decreased by $97,185 in Q2
  2017 compared to Q2 2016 as less staff were employed in 2017. </P></LI></UL>
<P align=center>Page 11 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_12></A>
<P align=justify><B><I>Other </I></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>The Company applies a one-step approach to determine if the Carlin Trend
  Royalty Claim Block and the related assets within the same cash generating
  unit (&#147;CGU&#148;) are impaired. The impairment loss is the amount by which the
  CGU&#146;s carrying amount exceeds its recoverable amount. The loss is first
  applied to reduce the asset component if such indicators for impairment exist,
  and any excess to goodwill within the CGU. As result, the Company has written
  down the goodwill by $32,059 (Q2 2016 - $380,978). </P>
  <LI>
  <P>The Company recorded a deferred income tax loss of $56,461 compared to a
  recovery of $378,238 in Q2 2016, and a net decrease in deferred tax
  liabilities of $ 261,910. A significant component of the deferred tax recovery
  and decrease in the related liability is the result of any impairment of the
  royalty interest partially offset by a cumulative translation loss as a result
  of the weakening $USD compared to $CAD at period end when comparing June 30,
  2017 to December 31, 2016. </P>
  <LI>
  <P>The Company&#146;s share of the net loss related to its 40% (Q2 2016 - 39%)
  equity investment in IGC for the three months ended June 30, 2017 was $328,743
  (Q2 2016 - $300,200). </P>
  <LI>
  <P>The Company recognized a loss of $403,456 (Q2 2016 &#150; gain $105,068) in
  foreign exchange for the three months ended June 30, 2016. This was a direct
  result of the $CAD strengthening compared to the $USD at period end in
  comparison to the rate as at December 31, 2016. As such, the Company
  recognized a translation loss on significant receivables and cash balances
  held in $USD. </P></LI></UL>
<P align=justify><U>Six months ended June 30, 2017</U> </P>
<P align=justify>The net loss for the six months ended June 30, 2017 (&#147;current
period) was $4,172,961 compared to $4,829,107 for the prior year&#146;s comparative
period (&#147;prior period&#148;). The loss for the current period was made up of net
exploration expenditures of $2,111,661 (2016 - $2,235,495), general and
administrative expenditures of $1,721,212 (2016 - $1,668,423) and other losses
totaling $454,882 (2016 - $1,406,786) offset by net royalty gain/(loss) of
$128,235 (2016 &#150; loss of $39,836) after depletion and related tax. The reasons
for the changes from the prior comparable quarter are consistent with the
comments noted for the three months ended June 30, 2017. Some items to note are:
</P>
<UL style="TEXT-ALIGN: justify">
  <LI>In the current period, royalty income was earned for 545 (2016 &#150; 479)
  ounces of gold totaling $1,053,875 (2016 - $764,004) offset by gold tax and
  depletion of $925,640 (2016 - $803,840). The increase in royalty income was
  mainly due to a increase in ounces produced offset by foreign exchange gains
  due to the strengthening US dollar. In the six month period the average
  realized gold price was US$1,238 per ounce compared to US$1,217 for 2016.
  <LI>General and administrative expenses were higher by $52,789, the majority
  of which related to investor relations expense (six month period $221,658
  compared to $118,246) as discussed above for the three month period.
  <LI>Pursuant to a sale of certain exploration and evaluation assets in Sweden,
  the Company recorded a net gain on the sale of $165,834.
  <LI>Salaries and consultants decreased by $163,718 in the current period
  compared to the prior period and administrative costs decreased by $62,874.
  </LI></UL>
<P align=justify><B>LIQUIDITY AND CAPITAL RESOURCES </B></P>
<P align=justify>The Company considers items included in shareholders&#146; equity as
capital. The Company&#146;s objective when managing capital is to safeguard the
Company&#146;s ability to continue as a going concern, so that it can continue to
provide returns for shareholders and benefits for other stakeholders. </P>
<P align=justify>For the six months ended June 30, 2017, the Company had working
capital of $9,773,816 (December 31, 2016 - $6,002,318). The Company has
continuing royalty income that will vary depending on royalty ounces received,
the price of gold, and foreign exchange rates on US royalty payments. The
Company manages the capital structure and makes adjustments in light of changes
in economic conditions and the risk characteristics of the underlying assets.
The Company has sufficient working capital to undertake it&#146;s current business
plan. However, should the Company undertake anything over and above these plans,
management will need additional sources of working capital. In order to maintain
or adjust the capital structure, the Company may issue new shares through public
and/or private placements, sell assets, or return capital to shareholders. The
Company is not subject to externally imposed capital requirements.</P>
<P align=center>Page 12 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_13></A>
<P align=justify>During the six months ended June 30, 2017, the Company
completed a non-brokered private placement financing, raising $7,000,000 by the
issuance of 5,000,000 units (the &#147;Units&#148;) at a price of $1.40 per Unit. Each
Unit was comprised of one common share and one-half of one non-transferable
common share purchase warrant. Each whole warrant entitles the holder to
purchase an additional common share for $2.00 until April 12, 2019.</P>
<P align=justify>Finders' fees were paid on a portion of the private placement.
The finders' fees consisted of 246,604 Units (6% of the Units sold to investors
introduced by finders).</P>
<P align=justify><B>Operating Activities </B></P>
<P align=justify>Cash used in operations was $2,593,665 for the six months ended
June 30, 2017<B> </B>(2016 - $3,859,823) and represents expenditures primarily
on mineral property exploration and general and administrative expense for both
periods, offset by royalty income received in the year.</P>
<P align=justify><B>Financing Activities</B></P>
<P align=justify>The Company received a net of $6,988,260 in 2017 (2016 - $Nil)
from the proceeds of the financing and $85,700 (2016 - $14,850) from the
exercise of stock options. </P>
<P align=justify><B>Investing Activities </B></P>
<P align=justify>Some of the significant investment activities during the six
months ended June 30, 2017 are: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left >-</TD>
    <TD align=left width="90%" >The Company advanced $1,005,277
      to an associated company pursuant to convertible loan agreements. </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >-</TD>
    <TD align=left width="90%" >The Company purchased equity in
      an associated entity of $743,021. </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >
      <P align=justify>- </P></TD>
    <TD align=left width="90%" >
      <P align=justify>The Company received an annual option payment of US
      $100,000 from Kenneccot Exploration related to its Superior West project.
      </P></TD></TR></TABLE>
<P align=justify><B>OFF-BALANCE SHEET ARRANGEMENTS</B> </P>
<P align=justify>As of the date of this MD&amp;A, the Company does not have any
off-balance sheet arrangements that have, or are reasonably likely to have, a
current or future effect on the results of operations or financial condition of
the Company, including, and without limitation, such considerations as liquidity
and capital resources. </P>
<P align=justify><B>QUARTERLY INFORMATION </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Fiscal quarter ended</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>March 31, 2017</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2016</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>September 30, 2016</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Royalty income </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;608,532 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;445,343 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;711,992 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;751,326 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Exploration expenditures </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,437,451 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,287,532 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">2,046,714 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,566,049 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Exploration recoveries </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(464,677</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(148,645</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(812,259</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(247,969</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Share-based payments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">58,386 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">440,477 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Net income/(loss) for the period </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(2,537,649</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(1,635,312</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(2,586,567</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>4,732,192 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Basic and diluted net income/(loss) per share </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>(0.03</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>(0.02</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>(0.04</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>0.06 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Fiscal quarter ended</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>June 30, 2016</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>March 31, 2016</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>December 31, 2015</B> </TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="12%"
    align=right nowrap style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"><B>September 30, 2015</B> </TD>
    <TD style="BORDER-TOP: #000000 2px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="12%">&nbsp; </TD>
    <TD width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Royalty income </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;373,266 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;390,738 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;464,532 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;369,453 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Exploration expenditures </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,300,154 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,290,687 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,255,057 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">1,565,437 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Exploration recoveries </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(162,114</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(193,232</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(519,135</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(332,254</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;Share-based payments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">13,731 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">13,731 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">29,952 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">(3,949</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>&nbsp;Net income/(loss) for the period </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(2,050,622</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(2,778,485</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>313,947 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>(2,049,392</TD>
    <TD align=left width="2%"  bgColor=#e6efff>) </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD>
    <TD align=right width="1%" >&nbsp;</TD>
    <TD align=right width="12%" >&nbsp;</TD>
    <TD align=right width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Basic and diluted net income/(loss) per share </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>(0.03</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>(0.04</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>0.00 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>(0.03</TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR></TABLE>
<P align=center>Page 13 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_14></A>
<P align=justify>Factors that cause fluctuations in the Company&#146;s quarterly
results are mainly due to option and other payments received from sale or option
of assets and impairment charges on the Company&#146;s assets. </P>
<P align=justify><B>RELATED PARTY TRANSACTIONS </B></P>
<P align=justify>The aggregate value of transactions and outstanding balances
relating to key management personnel and directors were as follows:</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-TOP: #000000 1px solid"><B>Share-based </B></TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>For the six months ended June 30, 2017 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Salary or Fees </B></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Payments </B></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Total </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >President, CEO and Director
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;265,982 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;265,982 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Chief Legal Officer </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">130,543 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">130,543 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Directors <SUP>(1) </SUP></TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>76,027 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>76,027 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Seabord Services Corp. <SUP>(2) </SUP></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >$</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%">- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp;Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;651,352 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;651,352 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 2px solid" align=left >&nbsp;
    </TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="15%" align=right nowrap style="BORDER-TOP: #000000 2px solid"
    ><B>Share-based </B></TD>
    <TD width="2%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-TOP: #000000 2px solid"
    >&nbsp;</TD>
    <TD width="15%" align=left nowrap style="BORDER-TOP: #000000 2px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 2px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      ><B>For the six months ended June 30, 2016 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Salary or Fees </B></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"
    ><B>Payments </B></TD>
    <TD width="2%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="1%" align=left nowrap style="BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD
      width="15%" align=right nowrap style="BORDER-BOTTOM: #000000 1px solid"><B>Total </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >President, CEO and Director
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;265,487 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff >&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff>&nbsp;265,487 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Chief Legal Officer </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">136,088 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%" >- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%">136,088 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Directors <SUP>(1) </SUP></TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>75,520 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff >- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff>75,520 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Seabord Services Corp. <SUP>(2) </SUP></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    >- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="15%">178,800 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp;Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;655,895 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff >&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff>&nbsp;655,895 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left ><B>Related Party Assets and Liabilities </B></TD>
    <TD width="35%"
    align=center nowrap style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" ><B>Service or Term </B></TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="15%"
    align=right nowrap style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" ><B>30-Jun-17 </B></TD>
    <TD width="2%"
    align=left nowrap style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="1%"
    align=left nowrap style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="14%"
    align=right nowrap style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"><B>31-Dec-16 </B></TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Amounts due from (to): </TD>
    <TD align=left width="35%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="15%" >&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=left width="14%">&nbsp; </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >President, CEO and Director
    </TD>
    <TD align=left width="35%"  bgColor=#e6efff>Expense
      Reimbursement </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="15%" bgColor=#e6efff >&nbsp;519 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="14%" bgColor=#e6efff>&nbsp;5,913 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Chief Financial Officer </TD>
    <TD align=left width="35%" >Expense Reimbursement </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="15%" >2,628 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="14%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff >Directors </TD>
    <TD align=left width="35%"  bgColor=#e6efff>Fees and Expense
    </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#e6efff >5,999 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="14%" bgColor=#e6efff>17,559 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >Seabord Capital Corp. </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="35%"
    >Expense Reimbursement </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"
    >- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%">- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left bgColor=#e6efff
    >&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="35%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%"
    bgColor=#e6efff >&nbsp;9,147 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="14%"
    bgColor=#e6efff>&nbsp;23,473 </TD>
<TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify><SUP>(1) </SUP>Directors fees include US$5,000 per month paid
to the Company&#146;s non-Executive Chairman, who does not receive the fees paid to
the other independent director&#146;s. <BR><SUP>(2)</SUP>Seabord Services
Corp. (&#147;Seabord&#148;) is a management services company controlled by the Chairman of
the Board. Seabord provides a Chief Financial Officer, a Corporate Secretary,
accounting staff, administration staff and office space to EMX. The Chief
Financial Officer and Corporate Secretary are employees of Seabord and are not
paid directly by the Company. </P>
<P align=justify><B>NEW ACCOUNTING PRONOUNCEMENTS </B></P>
<P align=justify><B>Accounting pronouncements not yet effective</B><B> </B></P>
<P align=justify>The following standards and pronouncements have been issued by
the IASB and have not yet been adopted by the Company. The Company is currently
evaluating the impact the new and amended standards are expected to have on its
consolidated financial statements. </P>
<P align=justify>IFRS 9 requires financial assets to be classified into three
measurement categories on initial recognition: those measured at fair value
through profit and loss, those measured at fair value through other
comprehensive income and those measured at amortized cost. Measurement and
classification of financial assets is dependent on the entity&#146;s business model
for managing the financial assets and the contractual cash flow characteristics
of the financial asset. For financial liabilities, the standard retains most of
the IAS 39 requirements. </P>
<P align=justify>In May 2014, the IASB issued IFRS 15 Revenue from Contracts
with Customers ("IFRS 15"), which supersedes IAS 11 Construction Contracts, IAS
18 Revenue, IFRIC 13 Customer Loyalty Programmes, IFRIC 15 Agreements for the
Construction of Real Estate, IFRIC 18 Transfers of Assets from Customers, and
SIC 31 Revenue - Barter Transactions involving Advertising Services. IFRS 15
establishes a single five-step model framework for determining the nature,
amount, timing and uncertainty of revenue and cash flows arising from a contract
with a customer. The standard is effective for annual periods beginning on or
after January 1, 2018, with early adoption permitted.</P>
<P align=justify>IFRS 16 Leases was issued in January 2016 (effective January 1,
2019) and provides a single lessee accounting model, requiring lessees to
recognize assets and liabilities for all leases unless the lease term is 12
months or less or the underlying asset has a low value.</P>
<P align=center>Page 14 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_15></A>
<P align=justify><B>RISK AND CAPITAL MANAGEMENT: FINANCIAL INSTRUMENTS</B> </P>
<P align=justify>The Company considers items included in shareholders&#146; equity as
capital. The Company&#146;s objective when managing capital is to safeguard the
Company&#146;s ability to continue as a going concern, so that it can continue to
provide returns for shareholders and benefits for other stakeholders. </P>
<P align=justify>The Company has continuing royalty revenues to fund a portion
of ongoing costs. In order to fund future projects and pay for administrative
costs, the Company will spend its existing working capital and raise additional
funds as needed. As at June 30, 2017, the Company had working capital of
$9,773,816 (December 31, 2016 - $6,002,318). Management believes it has
sufficient working capital for operations and to continue it&#146;s currently planned
programs. The Company is not subject to externally imposed capital requirements.
The Company manages the capital structure and makes adjustments in light of
changes in economic conditions and the risk characteristics of the underlying
assets </P>
<P align=justify>In order to maintain or adjust the capital structure, the
Company may issue new shares through public and/or private placements, sell
assets, or return capital to shareholders. The Company is not subject to
externally imposed capital requirements. </P>
<P align=justify>In order to maintain or adjust the capital structure, the
Company may issue new shares through public and/or private placements, sell
assets, or return capital to shareholders. The Company is not subject to
externally imposed capital requirements. </P>
<P align=justify><B>Fair Value </B></P>
<P align=justify>The Company characterizes inputs used in determining fair value
using a hierarchy that prioritizes inputs depending on the degree to which they
are observable. The three levels of the fair value hierarchy are as follows:
</P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>Level 1: inputs represent quoted prices in active markets for identical
  assets or liabilities. Active markets are those in which transactions occur in
  sufficient frequency and volume to provide pricing information on an ongoing
  basis. </P>
  <LI>
  <P>Level 2: inputs other than quoted prices that are observable, either
  directly or indirectly. Level 2 valuations are based on inputs, including
  quoted forward prices for commodities, market interest rates, and volatility
  factors, which can be observed or corroborated in the market place. </P>
  <LI>
  <P>Level 3: inputs that are less observable, unavoidable or where the
  observable data does not support the majority of the instruments&#146; fair value.
  </P></LI></UL>
<P align=justify>As at June 30, 2017, there were no changes in the levels in
comparison to December 31, 2016. Financial instruments measured at fair value on
the statement of financial position are summarized in levels of the fair value
hierarchy as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Assets</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Level 1</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Level 2</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Level 3</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>Total</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Cash and cash equivalents </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;6,293,745 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;6,293,745 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Restricted cash </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">242,037 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">242,037 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Fair value through profit or loss
      investments </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>817,312 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>817,312 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Strategic investments </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">130,952 </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">- </TD>
    <TD align=left width="2%" >&nbsp;</TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">130,952 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Accounts receivable </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,299,986 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>- </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>3,299,986 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Non-current
      accounts receivable </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%">- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">792,228 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%">- </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">792,228 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Total </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;7,484,046 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;4,092,214 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;- </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;11,576,260 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The carrying value of receivables, accounts payable and accrued
liabilities, and advances from joint venture partners approximate their fair
value because of the short-term nature of these instruments.</P>
<P align=justify>The Company&#146;s financial instruments are exposed to certain
financial risks, including credit risk, interest rate risk, market risk,
liquidity risk and currency risk. </P>
<P align=center>Page 15 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_16></A>
<P align=justify><B>Credit Risk </B></P>
<P align=justify>The Company is exposed to credit risk by holding cash and cash
equivalents and receivables. This risk is minimized by holding a significant
portion of the funds in Canadian banks. The Company&#146;s exposure with respect to
its receivables is primarily related to royalty streams, recovery of exploration
evaluation costs, and the sale of AES. </P>
<P align=justify><B>Interest Rate Risk </B></P>
<P align=justify>The Company is exposed to interest rate risk because of
fluctuating interest rates. Management believes the interest rate risk is low
given interest rates on promissory notes is fixed and the current low global
interest rate environment. Fluctuations in market rates is not expected to have
a significant impact on the Company&#146;s operations due to the short term to
maturity and no penalty cashable feature of its cash equivalents. </P>
<P align=justify><B>Market Risk </B></P>
<P align=justify>The Company is exposed to market risk because of the
fluctuating values of its publicly traded marketable securities and other
company investments. The Company has no control over these fluctuations and does
not hedge its investments. Based on the June 30, 2017<B> </B>portfolio values, a
10% increase or decrease in effective market values would increase or decrease
net shareholders&#146; equity by approximately $95,000. </P>
<P align=justify><B>Liquidity Risk </B></P>
<P align=justify>Liquidity risk is the risk that the Company is unable to meet
its financial obligations as they come due. The Company manages this risk by
careful management of its working capital to ensure the Company&#146;s expenditures
will not exceed available resources. </P>
<P align=justify><B>Commodity Risk </B></P>
<P align=justify>The Company&#146;s royalty revenues are derived from a royalty
interest and are based on the extraction and sale of precious and base minerals
and metals. Factors beyond the control of the Company may affect the
marketability of metals discovered. Metal prices have historically fluctuated
widely. Consequently, the economic viability of the Company&#146;s royalty interests
cannot be accurately predicted and may be adversely affected by fluctuations in
mineral prices. </P>
<P align=justify><B>Currency Risk </B></P>
<P align=justify>Foreign exchange risk arises when future commercial
transactions and recognized assets and liabilities are denominated in a currency
that is not the entity&#146;s functional currency. The Company operates in Canada,
Haiti, Turkey, Georgia, Sweden, Australia and the U.S.A. The Company funds cash
calls to its subsidiary companies outside of Canada in US dollars and a portion
of its expenditures are also incurred in local currencies.</P>
<P align=justify>The exposure of the Company&#146;s cash and cash equivalents,
receivables, and accounts payable and accrued liabilities to foreign exchange
risk as at June 30, 2017 is as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>Accounts</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="1%" >&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=right width="12%"><B>US dollars</B> </TD>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Cash and cash equivalents </TD>
    <TD align=left width="1%"  bgColor=#e6efff>$</TD>
    <TD align=right width="12%" bgColor=#e6efff>&nbsp;4,543,820 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Receivables </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">3,769,564 </TD>
    <TD align=left width="2%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#e6efff>Convertible notes receivable </TD>
    <TD align=left width="1%"  bgColor=#e6efff>&nbsp;</TD>
    <TD align=right width="12%" bgColor=#e6efff>935,766 </TD>
    <TD align=left width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Accounts payable and accrued liabilities </TD>
    <TD align=left width="1%" >&nbsp;</TD>
    <TD align=right width="12%">(242,811</TD>
    <TD align=left width="2%" >) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      bgColor=#e6efff>Advances from joint venture partners </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
     bgColor=#e6efff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="12%"
    bgColor=#e6efff>(219,514</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
     bgColor=#e6efff>) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>Net exposure </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
    >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right
      width="12%">8,786,825 </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left
      bgColor=#e6efff>Canadian dollar equivalent </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="1%"
     bgColor=#e6efff>$</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="12%"
    bgColor=#e6efff>&nbsp;11,406,881 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left width="2%"
     bgColor=#e6efff>&nbsp;</TD></TR></TABLE>
<P align=justify>The balances noted above reflect the US dollar balances held
within the parent company and any wholly owned subsidiaries. Balances
denominated in another currency other than the functional currency held in
foreign operations are considered immaterial. </P>
<P align=justify>Based on the above net exposure as at June 30, 2017 and
assuming that all other variables remain constant, a 10% depreciation or
appreciation of the Canadian dollar against the US dollar would result in an
increase/decrease of approximately $1,141,000 in the Company&#146;s pre-tax profit or
loss. </P>
<P align=center>Page 16 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_17></A>
<P align=justify><B>Critical Accounting Judgments and Significant Estimates and
Uncertainties </B></P>
<P align=justify>The preparation of the consolidated financial statements
requires management to make judgments and estimates and form assumptions that
affect the reported amounts of assets and liabilities at the date of the
financial statements, and the reported revenue and expenses during the periods
presented therein. On an ongoing basis, management evaluates its judgments and
estimates in relation to assets, liabilities, royalty revenues and expenses.
Management bases its judgments and estimates on historical experience and on
other various factors it believes to be reasonable under the circumstances.
Actual results may differ from these estimates under different assumptions and
conditions.</P>
<P align=justify>The Company has identified the following critical accounting
policies in which significant judgments, estimates and assumptions are made and
where actual results may differ from these estimates under different assumptions
and conditions and may materially affect financial results or the financial
position reported in future periods. Further details of the nature of these
assumptions and conditions may be found in the relevant notes to the
consolidated financial statements. </P>
<P align=justify><I>a)</I><I>&nbsp;&nbsp;&nbsp; </I><I>Royalty interest and
related depletion </I></P>
<P align=justify>In accordance with the Company&#146;s accounting policy, royalty
interests are evaluated on a periodic basis to determine whether there are any
indications of impairment. If any such indication exists, a formal estimate of
recoverable amount is performed and an impairment loss recognized to the extent
that carrying amount exceeds recoverable amount. The recoverable amount of a
royalty asset is measured at the higher of fair value less costs to sell and
value in use. The determination of fair value and value in use requires
management to make estimates and assumptions about expected production and sales
volumes, the proportion of areas subject to royalty rights, commodity prices
(considering current and historical prices, price trends and related factors),
and reserves. These estimates and assumptions are subject to risk and
uncertainty; hence there is a possibility that changes in circumstances will
alter these projections, which may impact the recoverable amount of the assets.
In such circumstances, some or all of the carrying value of the assets may be
further impaired or the impairment charge reduced with the impact recorded in
profit or loss. </P>
<P align=justify><I>b)</I><I>&nbsp;&nbsp;&nbsp; </I><I>Goodwill </I></P>
<P align=justify>Goodwill is evaluated for impairment annually or more often if
events or circumstances indicate there may be impairment. Impairment is
determined by assessing if the carrying value of a cash generating unit,
including the allocated goodwill, exceeds its recoverable amount. The assessment
of the recoverable amount used in the goodwill impairment analysis is subject to
similar judgments and estimates as described above for property and equipment
and royalty interests. </P>
<P align=justify><I>c)&nbsp;&nbsp; </I><I>&nbsp;</I><I>Exploration and
Evaluation Assets </I></P>
<P align=justify>Recorded costs of exploration and evaluation assets are not
intended to reflect present or future values of exploration and evaluation
assets. The recorded costs are subject to measurement uncertainty and it is
reasonably possible, based on existing knowledge, that a change in future
conditions could require a material change in the recognized amount. </P>
<P align=justify><I>d)</I><I>&nbsp;&nbsp;&nbsp; </I><I>Taxation </I></P>
<P align=justify>The Company&#146;s accounting policy for taxation requires
management&#146;s judgment as to the types of arrangements considered to be a tax on
income in contrast to an operating cost. Judgment is also required in assessing
whether deferred tax assets and certain deferred tax liabilities are recognized
on the statement of financial position.</P>
<P align=justify>Deferred tax assets, including those arising from unused tax
losses, capital losses and temporary differences, are recognized only where it
is considered probable that they will be recovered, which is dependent on the
generation of sufficient future taxable profits. Deferred tax liabilities
arising from temporary differences caused principally by the expected royalty
revenues generated by the royalty property are recognized unless expected
offsetting tax losses are sufficient to offset the taxable income and therefore,
taxable income is not expected to occur in the foreseeable future. Assumptions
about the generation of future taxable profits depend on management&#146;s estimates
of future cash flows. These depend on estimates of future production and sales
volumes, commodity prices, and reserves. Judgments are also required about the
application of income tax legislation in foreign jurisdictions. These judgments
and assumptions are subject to risk and uncertainty, hence there is a possibility that changes in circumstances will alter
expectations, which may impact the amount of deferred tax assets and deferred
tax liabilities recognized on the statement of financial position and the amount
of other tax losses and temporary differences not yet recognized. In such
circumstances, some or the entire carrying amount of recognized deferred tax
assets and liabilities may require adjustment, resulting in a corresponding
credit or charge to profit or loss.</P>
<P align=justify><I>e)</I><I>&nbsp;&nbsp;&nbsp; </I><I>Functional Currencies </I></P>
<P align=justify>The functional currency of each of the Company&#146;s subsidiaries
  is the currency of the primary economic environment in which the entity
  operates. Determination of the functional currency may involve certain judgments
  to determine the primary economic environment and the Company reconsiders the
  functional currency of its entities if there is a change in events and
  conditions, which determined the primary economic environment.</P>
<P align=center>Page 17 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_18></A>
<P align=justify><B>RISKS AND UNCERTAINTIES </B></P>
<P align=justify><B>Mineral Property Exploration Risks </B></P>
<P align=justify>The business of mineral exploration and extraction involves a
high degree of risk. Few properties that are explored ultimately become
producing mines. At present, none of the Company&#146;s properties has a known
commercial ore deposit. The main operating risks include ensuring ownership of
and access to mineral properties by confirmation that option agreements, claims
and leases are in good standing and obtaining permits for drilling and other
exploration activities.</P>
<P align=justify>EMX is currently earning an interest in some of its properties
through option agreements and acquisition of title to the properties is only
completed when the option conditions have been met. These conditions generally
include making property payments, incurring exploration expenditures on the
properties and can include the satisfactory completion of pre-feasibility
studies. If the Company does not satisfactorily complete these option conditions
in the time frame laid out in the option agreements, the Company&#146;s title to the
related property will not vest and the Company will have to write-off any
previously capitalized costs related to that property. </P>
<P align=justify>The market prices for precious and base metals can be volatile
and there is no assurance that a profitable market will exist for a production
decision to be made or for the ultimate sale of the metals even if commercial
quantities of precious and other metals are discovered. </P>
<P align=justify><B>Revenue and Royalty Risks </B></P>
<P align=justify>EMX cannot predict future revenues or operating results of the
area of mining activity. Management expects future revenues from the Carlin
Trend Royalty Claim Block, including the Leeville royalty property in Nevada, to
fluctuate depending on the level of future production and the price of gold.
Specifically, there is a risk that the operator of the property, Newmont Mining
Corporation (&#147;Newmont&#148;), will cease to operate in the Company&#146;s
area of interest, therefore there can be no assurance that ongoing royalty
payments will materialize or be received by EMX. </P>
<P align=justify><B>Financing and Share Price Fluctuation Risks </B></P>
<P align=justify>EMX has limited financial resources, and has no assurance that
additional funding will be available for further exploration and development of
its projects. Further exploration and development of one or more of the
Company&#146;s projects may be dependent upon the Company&#146;s ability to obtain
financing through equity or debt financing or other means. Failure to obtain
this financing could result in delay or indefinite postponement of further
exploration and development of its projects which could result in the loss of
one or more of its properties. </P>
<P align=justify>The securities markets can experience a high degree of price
and volume volatility, and the market price of securities of many companies,
particularly those considered to be development stage companies such as EMX, may
experience wide fluctuations in share prices which will not necessarily be
related to their operating performance, underlying asset values or prospects.
There can be no assurance that share price fluctuations will not occur in the
future, and if they do occur, the severity of the impact on the Company&#146;s
ability to raise additional funds through equity issues. </P>
<P align=center>Page 18 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_19></A>
<P align=justify><B>Foreign Countries and Political Risks </B></P>
<P align=justify>The Company operates in countries with varied political and
  economic environments. As such, it is subject to certain risks, including
  currency fluctuations and possible political or economic instability which may
  result in the impairment or loss of mineral concessions or other mineral rights,
  opposition from environmental or other non-governmental organizations, and
  mineral exploration and mining activities may be affected in varying degrees by
  political stability and government regulations relating to the mineral
  exploration and mining industry. Any changes in regulations or shifts in
  political attitudes are beyond the control of the Company and may adversely
  affect its business. Exploration and development may be affected in varying
  degrees by government regulations with respect to restrictions on future
  exploitation and production, price controls, export controls, foreign exchange
  controls, income taxes, expropriation of property, environmental legislation and
  mine and site safety. </P>
<P align=justify>Notwithstanding any progress in restructuring political
institutions or economic conditions, the present administration, or successor
governments, of some countries in which EMX operates may not be able to sustain
any progress. If any negative changes occur in the political or economic
environment of these countries, it may have an adverse effect on the Company&#146;s
operations in those countries. The Company does not carry political risk
insurance. </P>
<P align=justify><B>Competition </B></P>
<P align=justify>The Company competes with many companies that have
substantially greater financial and technical resources than it in the
acquisition and development of its projects as well as for the recruitment and
retention of qualified employees. </P>
<P align=justify><B>Return on Investment Risk</B></P>
<P align=justify>Investors cannot expect to receive a dividend on an investment
in the Common Shares in the foreseeable future, if at all.</P>
<P align=justify><B>No Assurance of Titles or Borders</B></P>
<P align=justify>The acquisition of the right to exploit mineral properties is a
very detailed and time consuming process. There can be no guarantee that the
Company has acquired title to any such surface or mineral rights or that such
rights will be obtained in the future. To the extent they are obtained, titles
to the Company&#146;s surface or mineral properties may be challenged or impugned and
title insurance is generally not available. The Company&#146;s surface or mineral
properties may be subject to prior unregistered agreements, transfers or claims
and title may be affected by, among other things, undetected defects. Such third
party claims could have a material adverse impact on the Company&#146;s operations.
</P>
<P align=justify><B>Unknown Defects or Impairments in Our Royalty or Streaming
Interests </B></P>
<P align=justify>Unknown defects in or disputes relating to the royalty and
stream interests we hold or acquire may prevent us from realizing the
anticipated benefits from our royalty and stream interests, and could have a
material adverse effect on our business, results of operations, cash flows and
financial condition. It is also possible that material changes could occur that
may adversely affect management&#146;s estimate of the carrying value of our royalty
and stream interests and could result in impairment charges. While we seek to
confirm the existence, validity, enforceability, terms and geographic extent of
the royalty and stream interests we acquire, there can be no assurance that
disputes over these and other matters will not arise. Confirming these matters,
as well as the title to mining property on which we hold or seek to acquire a
royalty or stream interest, is a complex matter, and is subject to the
application of the laws of each jurisdiction to the particular circumstances of
each parcel of mining property and to the documents reflecting the royalty or
stream interest. Similarly, royalty and stream interests in many jurisdictions
are contractual in nature, rather than interests in land, and therefore may be
subject to change of control, bankruptcy or the insolvency of operators. We
often do not have the protection of security interests over property that we
could liquidate to recover all or part of our investment in a royalty or stream
interest. Even if we retain our royalty and stream interests in a mining project
after any change of control, bankruptcy or insolvency of the operator, the
project may end up under the control of a new operator, who may or may not
operate the project in a similar manner to the current operator, which may
negatively impact us. </P>
<P align=justify><B>Operators&#146; Interpretation of Our Royalty and Stream
Interests; Unfulfilled Contractual Obligations</B> </P>
<P align=justify>Our royalty and stream interests generally are subject to
uncertainties and complexities arising from the application of contract and
property laws in the jurisdictions where the mining projects are located.
Operators and other parties to the agreements governing our royalty and stream
interests may interpret our interests in a manner adverse to us or otherwise may
not abide by their contractual obligations, and we could be forced to take legal
action to enforce our contractual rights. </P>
<P align=center>Page 19 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_20></A>
<P align=justify>We may or may not be successful in enforcing our contractual
rights, and our revenues relating to any challenged royalty or stream interests
may be delayed, curtailed or eliminated during the pendency of any such dispute
or in the event our position is not upheld, which could have a material adverse
effect on our business, results of operations, cash flows and financial
condition. Disputes could arise challenging, among other things: </P>
<UL style="TEXT-ALIGN: justify">
  <LI>the existence or geographic extent of the royalty or stream interest;
  <LI>methods for calculating the royalty or stream interest, including whether
  certain operator costs may properly be deducted from gross proceeds when
  calculating royalties determined on a net basis;
  <LI>third party claims to the same royalty interest or to the property on
  which we have a royalty or stream interest;
  <LI>various rights of the operator or third parties in or to the royalty or
  stream interest;
  <LI>production and other thresholds and caps applicable to payments of royalty
  or stream interests;
  <LI>the obligation of an operator to make payments on royalty and stream
  interests; and
  <LI>various defects or ambiguities in the agreement governing a royalty and
  stream interest. </LI></UL>
<P align=justify><B>Currency Risks </B></P>
<P align=justify>The Company&#146;s equity financings are sourced in Canadian dollars
but much of its expenditures are in local currencies or U.S. dollars. At this
time, there are no currency hedges in place. Therefore, a weakening of the
Canadian dollar against the U.S. dollar or local currencies could have an
adverse impact on the amount of exploration funds available and work conducted.
</P>
<P align=justify><B>Exploration Funding Risk </B></P>
<P align=justify>Part of EMX&#146;s strategy is to seek exploration partners through
options to fund exploration and project development. The main risk of this
strategy is that the funding parties may not be able to raise sufficient capital
in order to satisfy exploration and other expenditure terms in a particular
option agreement. As a result, exploration and development of one or more of the
Company&#146;s property interests may be delayed depending on whether EMX can find
another party or has enough capital resources to fund the exploration and
development on its own. </P>
<P align=justify><B>Insured and Uninsured Risks </B></P>
<P align=justify>In the course of exploration, development and production of
mineral properties, the Company is subject to a number of risks and hazards in
general, including adverse environmental conditions, operational accidents,
labour disputes, unusual or unexpected geological conditions, changes in the
regulatory environment and natural phenomena such as inclement weather
conditions, floods, and earthquakes. Such occurrences could result in the damage
to the Company&#146;s property or facilities and equipment, personal injury or death,
environmental damage to properties of the Company or others, delays, monetary
losses and possible legal liability. </P>
<P align=justify>Although the Company may maintain insurance to protect against
certain risks in such amounts as it considers reasonable, its insurance may not
cover all the potential risks associated with its operations. The Company may
also be unable to maintain insurance to cover these risks at economically
feasible premiums or for other reasons. Should such liabilities arise, they
could reduce or eliminate future profitability and result in increased costs,
have a material adverse effect on the Company&#146;s results and a decline in the
value of the securities of the Company. </P>
<P align=justify>Some work is carried out through independent consultants and
the Company requires all consultants to carry their own insurance to cover any
potential liabilities as a result of their work on a project. </P>
<P align=justify><B>Environmental Risks and Hazards </B></P>
<P align=justify>The activities of the Company are subject to environmental
regulations issued and enforced by government agencies. Environmental
legislation is evolving in a manner that will require stricter standards and
enforcement and involve increased fines and penalties for non-compliance, more
stringent environmental assessments of proposed projects, and a heightened
degree of responsibility for companies and their officers, directors and
employees. There can be no assurance that future changes in environmental
regulation, if any, will not adversely affect EMX&#146;s operations. Environmental
hazards may exist on properties in which the Company holds interests which are
unknown to the Company at present.</P>
<P align=center>Page 20 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_21></A>
<P align=justify><B>Fluctuating Metal Prices </B></P>
<P align=justify>Factors beyond the control of the Company have a direct effect
  on global metal prices, which have fluctuated widely, particularly in recent
  years, and there is no assurance that a profitable market will exist for a
  production decision to be made or for the ultimate sale of the metals even if
  commercial quantities of precious and other metals are discovered on any of
  EMX&#146;s properties. Consequently, the economic viability of any of the Company&#146;s
  exploration projects and its ability to finance the development of its projects
  cannot be accurately predicted and may be adversely affected by fluctuations in
  metal prices. </P>
<P align=justify><B>Extensive Governmental Regulation and Permitting
Requirements Risks </B></P>
<P align=justify>Exploration, development and mining of minerals are subject to
extensive laws and regulations at various governmental levels governing the
acquisition of the mining interests, prospecting, development, mining,
production, exports, taxes, labour standards, occupational health, waste
disposal, toxic substances, land use, environmental protection, mine safety and
other matters. In addition, the current and future operations of EMX, from
exploration through development activities and production, require permits,
licenses and approvals from some of these governmental authorities. EMX has
obtained all government licenses, permits and approvals necessary for the
operation of its business to date. However, additional licences, permits and
approvals may be required. The failure to obtain any licenses, permits or
approvals that may be required or the revocation of existing ones would have a
material and adverse effect on EMX, its business and results of operations. </P>
<P align=justify>Failure to comply with applicable laws, regulations and permits
may result in enforcement actions thereunder, including orders issued by
regulatory or judicial authorities requiring EMX&#146;s operations to cease or be
curtailed, and may include corrective measures requiring capital expenditures,
installation of additional equipment or remedial actions. EMX may be required to
compensate those suffering loss or damage by reason of its mineral exploration
activities and may have civil or criminal fines or penalties imposed for
violations of such laws, regulations and permits. Any such events could have a
material and adverse effect on EMX and its business and could result in EMX not
meeting its business objectives.</P>
<P align=justify><B>Key Personnel Risk </B></P>
<P align=justify>EMX&#146;s success is dependent upon the performance of key
personnel working in management and administrative capacities or as consultants.
The loss of the services of senior management or key personnel could have a
material and adverse effect on the Company, its business and results of
operations. </P>
<P align=justify><B>Conflicts of Interest </B></P>
<P align=justify>In accordance with the laws of British Columbia, the directors
and officers of a corporation are required to act honestly, in good faith and in
the best interests of the corporation. EMX&#146;s directors and officers may serve as
directors or officers of other companies or have significant shareholdings in
other resource companies and, to the extent that such other companies may
participate in ventures in which the Company may participate, such directors and
officers may have a conflict of interest in negotiating and concluding terms
respecting the extent of such participation. If such a conflict of interest
arises at a meeting of the Company&#146;s directors, a director with such a conflict
will abstain from voting for or against the approval of such participation or
such terms. </P>
<P align=justify><B>Passive Foreign Investment Company </B></P>
<P align=justify>U.S. investors in common shares should be aware that based on
current business plans and financial expectations, EMX currently expects that it
will be classified as a passive foreign investment company (&#147;PFIC&#148;) for the tax
year ending December 31, 2016 and expects to be a PFIC in future tax years. If
EMX is a PFIC for any tax year during a U.S. shareholder&#146;s holding period, then
such U.S. shareholder generally will be required to treat any gain realized upon
a disposition of common shares, or any so-called &#147;excess distribution&#148; received
on its common shares, as ordinary income, and to pay an interest charge on a
portion of such gain or distributions, unless the U.S. shareholder makes a
timely and effective &#147;qualified electing fund&#148; election (&#147;QEF Election&#148;) or a
&#147;mark-to-market&#148; election with respect to the common shares. A U.S. shareholder
who makes a QEF Election generally must report on a current basis its share of
EMX&#146;s net capital gain and ordinary earnings for any year in which EMX is a
PFIC, whether or not EMX distributes any amounts to its shareholders. For each
tax year that EMX qualifies as a PFIC, EMX intends to: (a) make available to
U.S. shareholders, upon their written request, a &#147;PFIC Annual Information
Statement&#148; as described in Treasury Regulation Section 1.1295 -1(g) (or any
successor Treasury Regulation) and (b) upon written request, use commercially
reasonable efforts to provide all additional information that such U.S.
shareholder is required to obtain in connection with maintaining such QEF
Election with regard to EMX. EMX may elect to provide such information on its
website <U><FONT color=#0000ff>www.emxroyalty.com. </FONT></U>This paragraph is
qualified in its entirety by the discussion below the heading &#147;Taxation &#150; Certain United States Federal Income Tax
Considerations.&#148; Each U.S. investor should consult its own tax advisor regarding
the PFIC rules and the U.S. federal income tax consequences of the acquisition,
ownership and disposition of common shares. </P>
<P align=center>Page 21 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_22></A>
<P align=justify><B>Corporate Governance and Public Disclosure Regulations
</B></P>
<P align=justify>The Company is subject to changing rules and regulations
promulgated by a number of United States and Canadian governmental and
self-regulated organizations, including the United States Securities and
Exchange Commission (&#147;SEC&#148;), the British Columbia and Alberta Securities
Commissions, the NYSE MKT and the TSX-V. These rules and regulations continue to
evolve in scope and complexity and many new requirements have been created,
making compliance more difficult and uncertain. The Company&#146;s efforts to comply
with the new rules and regulations have resulted in, and are likely to continue
to result in, increased general and administrative expenses and a diversion of
management time and attention from revenue-generating activities to compliance
activities. </P>
<P align=justify><B>Internal Controls over Financial Reporting </B></P>
<P align=justify>The Company requires an annual assessment by management of the
effectiveness of the Company&#146;s internal control over financial reporting. The
Company may in the future fail to achieve and maintain the adequacy of its
internal control over financial reporting, as such standards are modified,
supplemented or amended from time to time, and the Company may not be able to
ensure that it can conclude on an ongoing basis that it has effective internal
control over financial reporting. Future acquisitions of companies may provide
the Company with challenges in implementing the required processes, procedures
and controls in its acquired operations. Acquired companies may not have
disclosure controls and procedures or internal control over financial reporting
that are as thorough or effective as those required by securities laws currently
applicable to the Company. </P>
<P align=justify>No evaluation can provide complete assurance that the Company&#146;s
internal control over financial reporting will detect or uncover all failures of
persons within the Company to disclose material information otherwise required
to be reported. The effectiveness of the Company&#146;s controls and procedures could
also be limited by simple errors or faulty judgments. In addition, should the
Company expand in the future, the challenges involved in implementing
appropriate internal control over financial reporting will increase and will
require that the Company continue to improve its internal control over financial
reporting.</P>
<P align=justify><B>CONTROLS AND PROCEDURES </B></P>
<P align=justify><I>Disclosure Controls and Procedures </I></P>
<P align=justify>Management is responsible for establishing and maintaining
disclosure controls and procedures, which provide reasonable assurance that
material information relating to the Company and its subsidiaries is accumulated
and communicated to management to allow timely decisions regarding required
disclosure. Management has evaluated the effectiveness of its disclosure
controls and procedures as of June 30, 2017<B> </B>and believes its disclosure
controls and procedures are effective. </P>
<P align=justify><I>Internal Control over Financial Reporting </I></P>
<P align=justify>The Company&#146;s management, with the participation of its CEO and
CFO, are responsible for establishing a system of internal control over
financial reporting to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with IFRS as issued by the IASB. There have been no
changes in the Company&#146;s internal control over financial reporting that occurred
during six months ended June 30, 2017, that have materially affected, or are
reasonably likely to materially affect, the Company&#146;s internal control over
financial reporting. </P>
<P align=center>Page 22 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_23></A>
<P align=justify><B>OUTSTANDING SHARE DATA </B></P>
<P align=justify>At August 8, 2017, the Company had 79,480,187 common shares
issued and outstanding. There were also 4,686,500 stock options outstanding with
expiry dates ranging from July 19, 2016 to October 18, 2021 and 2,623,306
outstanding warrants with expiry date of April 12, 2019. </P>
<P align=center>Page 23 </P>
<HR align=center width="100%" color=black noShade SIZE=5>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>exhibit99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<HTML>
<HEAD>
   <TITLE>EMX Royalty Corporation: Exhibit 99.3 - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD align=center><B>Form 52-109F2</B> </TD></TR>
  <TR vAlign=top>
    <TD align=center><B><I>Certification of Interim Filings</I></B> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center><B><I>Full Certificate</I></B> </TD></TR></TABLE>
<P align=justify>I, David M. Cole, Chief Executive Officer<I> </I>of EMX Royalty
Corporation  (formerly Eurasian Minerals Inc.), certify the following: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Review: </I></B>I have reviewed the interim
      financial report and interim MD&amp;A (together, the &#147;interim filings&#148;) of
      EMX Royalty Corporation  (the &#147;issuer&#148;) for the interim period ended <B>June 30,
  2017.</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>No misrepresentations: </I></B>Based on my
      knowledge, having exercised reasonable diligence, the interim filings do
      not contain any untrue statement of a material fact or omit to state a
      material fact required to be stated or that is necessary to make a
      statement not misleading in light of the circumstances under which it was
      made, with respect to the period covered by the interim filings.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Fair presentation: </I></B>Based on my knowledge,
      having exercised reasonable diligence, the interim financial report
      together with the other financial information included in the interim
      filings fairly present in all material respects the financial condition,
      financial performance and cash flows of the issuer, as of the date of and
      for the periods presented in the interim filings.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Responsibility: </I></B>The issuer&#146;s other
      certifying officer(s) and I are responsible for establishing and
      maintaining disclosure controls and procedures (DC&amp;P) and internal
      control over financial reporting (ICFR), as those terms are defined in
      National Instrument 52-109 <I>Certification of Disclosure in Issuers&#146;
      Annual and Interim Filings, </I>for the issuer.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Design: </I></B>Subject to the limitations, if any,
      described in paragraphs 5.2 and 5.3, the issuer&#146;s other certifying
      officer(s) and I have, as at the end of the period covered by the interim
      filings</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD colSpan=2>
      <P align=justify>designed DC&amp;P, or caused it to be designed under our
      supervision, to provide reasonable assurance that</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>material information relating to the issuer is made known
      to us by others, particularly during the period in which the interim
      filings are being prepared; and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>information required to be disclosed by the issuer in its
      annual filings, interim filings or other reports filed or submitted by it
      under securities legislation is recorded, processed, summarized and
      reported within the time periods specified in securities legislation;
      and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD colSpan=2>
      <P align=justify>designed ICFR, or caused it to be designed under our
      supervision, to provide reasonable assurance regarding the reliability of
      financial reporting and the preparation of financial statements for
      external purposes in accordance with the issuer&#146;s GAAP.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD vAlign=top width="5%">5.1 </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Control framework: </I></B>The control framework
      the issuer&#146;s other certifying officer(s) and I used to design the issuer&#146;s
      ICFR is Internal Control Integrated Framework published by the Committee
      of Sponsoring Organizations of the Treadway Commission.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5.2 </TD>
    <TD colSpan=3>
      <P align=justify><B><I>ICFR &#150; material weakness relating to design:
      </I></B>N/A</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5.3 </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Limitation on scope of design:
</I></B>N/A</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">6. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Reporting changes in ICFR: </I></B>The issuer has
      disclosed in its interim MD&amp;A any change in the issuer&#146;s ICFR that
      occurred during the period beginning on <B>January 1, 2017 and ended on
      June 30, 2017 </B>that has materially affected, or is reasonably likely to
      materially affect, the issuer&#146;s ICFR.</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Date: August 11, 2017</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><I>&#147;David M. Cole&#148;</I> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>David M. Cole </TD></TR>
  <TR vAlign=top>
    <TD align=left>President and Chief Executive Officer </TD></TR></TABLE>
<br>
<HR align=center width="100%" color=black noShade SIZE=5>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>exhibit99-4.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<HTML>
<HEAD>
   <TITLE>EMX Royalty Corporation: Exhibit 99.4 - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD align=center><B>Form 52-109F2</B> </TD></TR>
  <TR vAlign=top>
    <TD align=center><B><I>Certification of Interim Filings</I></B> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center><B><I>Full Certificate</I></B> </TD></TR></TABLE>
<P align=justify>I, Christina Cepeliauskas, Chief Financial Officer<I> </I>of
EMX Royalty Corporation  (formerly Eurasian Minerals Inc.), certify the following: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Review: </I></B>I have reviewed the interim
      financial report and interim MD&amp;A (together, the &#147;interim filings&#148;) of
      EMX Royalty Corporation  (the &#147;issuer&#148;) for the interim period ended <B>June 30,
  2017.</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>No misrepresentations: </I></B>Based on my
      knowledge, having exercised reasonable diligence, the interim filings do
      not contain any untrue statement of a material fact or omit to state a
      material fact required to be stated or that is necessary to make a
      statement not misleading in light of the circumstances under which it was
      made, with respect to the period covered by the interim filings.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Fair presentation: </I></B>Based on my knowledge,
      having exercised reasonable diligence, the interim financial report
      together with the other financial information included in the interim
      filings fairly present in all material respects the financial condition,
      financial performance and cash flows of the issuer, as of the date of and
      for the periods presented in the interim filings.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Responsibility: </I></B>The issuer&#146;s other
      certifying officer(s) and I are responsible for establishing and
      maintaining disclosure controls and procedures (DC&amp;P) and internal
      control over financial reporting (ICFR), as those terms are defined in
      National Instrument 52-109 <I>Certification of Disclosure in Issuers&#146;
      Annual and Interim Filings, </I>for the issuer.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Design: </I></B>Subject to the limitations, if any,
      described in paragraphs 5.2 and 5.3, the issuer&#146;s other certifying
      officer(s) and I have, as at the end of the period covered by the interim
      filings</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD colSpan=2>
      <P align=justify>designed DC&amp;P, or caused it to be designed under our
      supervision, to provide reasonable assurance that</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>material information relating to the issuer is made known
      to us by others, particularly during the period in which the interim
      filings are being prepared; and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>information required to be disclosed by the issuer in its
      annual filings, interim filings or other reports filed or submitted by it
      under securities legislation is recorded, processed, summarized and
      reported within the time periods specified in securities legislation;
      and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD colSpan=2>
      <P align=justify>designed ICFR, or caused it to be designed under our
      supervision, to provide reasonable assurance regarding the reliability of
      financial reporting and the preparation of financial statements for
      external purposes in accordance with the issuer&#146;s GAAP.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD vAlign=top width="5%">5.1 </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Control framework: </I></B>The control framework
      the issuer&#146;s other certifying officer(s) and I used to design the issuer&#146;s
      ICFR is Internal Control Integrated Framework published by the Committee
      of Sponsoring Organizations of the Treadway Commission.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5.2 </TD>
    <TD colSpan=3>
      <P align=justify><B><I>ICFR &#150; material weakness relating to design:
      </I></B>N/A</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5.3 </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Limitation on scope of design:
</I></B>N/A</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">6. </TD>
    <TD colSpan=3>
      <P align=justify><B><I>Reporting changes in ICFR: </I></B>The issuer has
      disclosed in its interim MD&amp;A any change in the issuer&#146;s ICFR that
      occurred during the period beginning on <B>January 1, 2017 and ended on
      June 30, 2017 </B>that has materially affected, or is reasonably likely to
      materially affect, the issuer&#146;s ICFR.</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Date: August 11, 2017</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><I>&#147;Christina Cepeliauskas&#148;</I> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Christina Cepeliauskas </TD></TR>
  <TR vAlign=top>
    <TD align=left>Chief Financial Officer </TD></TR></TABLE>
<br>
<HR align=center width="100%" color=black noShade SIZE=5>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!# ! +# X,"A .#0X2$1 3&"@:&!86
M&#$C)1TH.C,]/#DS.#= 2%Q.0$1713<X4&U15U]B9VAG/DUQ>7!D>%QE9V/_
MVP!# 1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C
M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P  1" !1 :$# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M%5;JZ\AE10&8]JDDF,5OYD@ ;TH]I&[78.5Z$U%5K2Y^T*V0 1V%2SR&*%G
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M-.L[+_CVMXXSZ@<_G4\L4<R[945UR#AAGD50MY!J6DJ\C2)(H(?8Q0AAP?\
M&HXR]IH!N(I)'E:$.6D8O@XY//YT6 UJ@%I;B)XA!&(W.63:,$^XK.D063VD
MMM<2S--*J,'D+"13U..V.O%5]7EE6_FVF8*L:!72;:L1)(W,.XZ4)!<WP H
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M$V*H"^@'%-$$02-!&NV,Y08^[]*DHI 5Y[*UN7#SP)(P&,L.<5.JA5"J, #
M%+10!$MO"NS;$HV$E<#IGKBF7%E;7+!IX$=@,9(YQ5BB@!H50FP* N,8QQBF
MF")H1"8U,8P F...E244 ,:-&='9063.TD<C-1?8K7[1Y_D)YN<[\<YJQ10
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
#/__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>exhibit99-1x14x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 exhibit99-1x14x1.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!# ! +# X,"A .#0X2$1 3&"@:&!86
M&#$C)1TH.C,]/#DS.#= 2%Q.0$1713<X4&U15U]B9VAG/DUQ>7!D>%QE9V/_
MVP!# 1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C
M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P  1" %J ]8# 2(  A$! Q$!_\0
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MEU66UM)K:%(H(Y"98&D+%F<=G7'W/UH TJ*S_)UC_G^L?_ -_P#X[1Y.L?\
M/]8_^ ;_ /QV@#0HK/\ )UC_ )_K'_P#?_X[1Y.L?\_UC_X!O_\ ': -"BL_
MR=8_Y_K'_P  W_\ CM'DZQ_S_6/_ (!O_P#': -"BL_R=8_Y_K'_ , W_P#C
MM'DZQ_S_ %C_ . ;_P#QV@#0HK/\G6/^?ZQ_\ W_ /CM'DZQ_P _UC_X!O\
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M=H T**S_ "=8_P"?ZQ_\ W_^.T>3K'_/]8_^ ;__ !V@#0HK/\G6/^?ZQ_\
M -__ ([1Y.L?\_UC_P" ;_\ QV@#0HK/\G6/^?ZQ_P# -_\ X[1Y.L?\_P!8
M_P#@&_\ \=H T**S_)UC_G^L?_ -_P#X[1Y.L?\ /]8_^ ;_ /QV@#0HK/\
M)UC_ )_K'_P#?_X[1Y.L?\_UC_X!O_\ ': -"BL_R=8_Y_K'_P  W_\ CM'D
MZQ_S_6/_ (!O_P#': -"BL_R=8_Y_K'_ , W_P#CM'DZQ_S_ %C_ . ;_P#Q
MV@#0HK/\G6/^?ZQ_\ W_ /CM'DZQ_P _UC_X!O\ _': -"BL_P G6/\ G^L?
M_ -__CM'DZQ_S_6/_@&__P =H T**S_)UC_G^L?_  #?_P".T>3K'_/]8_\
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M<?C0!L45G^3K'_/]8_\ @&__ ,=H\G6/^?ZQ_P# -_\ X[0!H45G^3K'_/\
M6/\ X!O_ /':/)UC_G^L?_ -_P#X[0!H45G^3K'_ #_6/_@&_P#\=H\G6/\
MG^L?_ -__CM &A16?Y.L?\_UC_X!O_\ ':/)UC_G^L?_  #?_P".T :%%9_D
MZQ_S_6/_ (!O_P#':/)UC_G^L?\ P#?_ ..T :%%9_DZQ_S_ %C_ . ;_P#Q
MVCR=8_Y_K'_P#?\ ^.T :%%9_DZQ_P _UC_X!O\ _':/)UC_ )_K'_P#?_X[
M0!H45G^3K'_/]8_^ ;__ !VCR=8_Y_K'_P  W_\ CM &A16?Y.L?\_UC_P"
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M5G^3K'_/]8_^ ;__ !VCR=8_Y_K'_P  W_\ CM &A16?Y.L?\_UC_P" ;_\
MQVCR=8_Y_K'_ , W_P#CM &A16?Y.L?\_P!8_P#@&_\ \=H\G6/^?ZQ_\ W_
M /CM &A16?Y.L?\ /]8_^ ;_ /QVJ]])K%I LGVNQ?=+''C[(X^^ZIG_ %O;
M=G\* -BBL_R=8_Y_K'_P#?\ ^.T>3K'_ #_6/_@&_P#\=H T**S_ "=8_P"?
MZQ_\ W_^.T>3K'_/]8_^ ;__ !V@#0HK/\G6/^?ZQ_\  -__ ([1Y.L?\_UC
M_P" ;_\ QV@#0HK/\G6/^?ZQ_P# -_\ X[1Y.L?\_P!8_P#@&_\ \=H T**S
M_)UC_G^L?_ -_P#X[1I<]Y+/?1WDD#_9Y5C4Q1%,_(KDG+-_? _#WX -"BBB
M@ K/A_Y&&]_Z](/_ $.:M"L^'_D8;W_KT@_]#FH T**** "BBB@ HHHH ***
M* "BBB@ HHHH **** ,^'_D8;W_KT@_]#FK0K/A_Y&&]_P"O2#_T.:M"@ HJ
MO#>V\\\D,4@9X\[@ <#'!YZ'%3YH 6BDR/6H+6]M[O=Y#E@O4E2!U([CU!H
ML44F:9),D3Q(^[,K;5PI/."><=.G>@"2BDZTM &?X?\ ^1>TS_KTB_\ 0!6A
M6#H=_<IH6GJNDWD@6VC =7APWRCD9D!_,5>_M&Z_Z U]_P!]P?\ QR@#0HK/
M_M&Z_P"@-??]]P?_ !RC^T;K_H#7W_?<'_QR@#0HK/\ [1NO^@-??]]P?_'*
M/[1NO^@-??\ ?<'_ ,<H T**S_[1NO\ H#7W_?<'_P <H_M&Z_Z U]_WW!_\
M<H T**S_ .T;K_H#7W_?<'_QRC^T;K_H#7W_ 'W!_P#'* -"BL_^T;K_ * U
M]_WW!_\ '*/[1NO^@-??]]P?_'* -"BL_P#M&Z_Z U]_WW!_\<H_M&Z_Z U]
M_P!]P?\ QR@#0HK/_M&Z_P"@-??]]P?_ !RC^T;K_H#7W_?<'_QR@#0HK/\
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M?]]P?_'*/[1NO^@-??\ ?<'_ ,<H T**S_[1NO\ H#7W_?<'_P <H_M&Z_Z
MU]_WW!_\<H T**S_ .T;K_H#7W_?<'_QRC^T;K_H#7W_ 'W!_P#'* -"BL_^
MT;K_ * U]_WW!_\ '*/[1NO^@-??]]P?_'* #3?^/[5O^OM?_1$5:%9>BR-+
M<:H[PR0,;L9CD*EA^YBZ[21^M:E !114-U=06D8>>0(I.T<$DGT ')H FHJF
MNJ6+P^:ES&R['?@\X7[W'7BK*2+)&KJ<JPR#0 ^BDI: "L_6_P#CQC_Z^[;_
M -'I6A6?K?\ QXQ_]?=M_P"CTH T**** "BBJ8U2S-[]C$I\\'&W8W\\8H N
M45&\\4<D:/(JO*2$4GEB!D@?@*2:XB@,8D;'FN(UXSEL$X_0T 2T444 %9^F
M_P#']JW_ %]K_P"B(JT*S]-_X_M6_P"OM?\ T1%0!H4444 %9\/_ ",-[_UZ
M0?\ H<U:%9\/_(PWO_7I!_Z'-0!H4444 %%%% !1110 4444 %%%% !1110
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MUXUFD#-#+LD=CE\&0,H ))5L$=!@=/2NHHH PK#3IH=>F9M_V6)/,CW=/,<
M-@]\!<_\#-;M%% !6?J7_']I/_7VW_HB6M"L_4O^/[2?^OMO_1$M &A14-V"
M;28*"6,;8 Z]*Y*VCUBR9(XXKAQ#8L8Y&!.-[1DJ<Y^9</@8)P!UH [.BN6F
MN]=6WB^SF25I@ZAF@(V%6!&X%5ZKN&< =*N37$\GAN:YO+.2>25BR6QC8E06
M^0$ 9X&">/6@#=I"<=:YB)[RTBL+>P:=;8*-SO;OEWW_ #!E*$@>GW>O7BHI
MI=4O/M,<L-PT(GA:-7CY&)QGH@XP,]6XYS0!UM)7+QWNMR27"A;A$:6$(S1
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M7?B&Z\UYUV6D&/*G>+J\O7:1G\: -BBL_P#L:U_YZWW_ ('S_P#Q=']C6O\
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MCCCO5-+;4[V2X*+<M&)Y58R3 HP$X*A5)XP >>./7MT']C6O_/6^_P# ^?\
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M ,70!H45G_V-:_\ /6^_\#Y__BZ/[&M?^>M]_P"!\_\ \70!H45G_P!C6O\
MSUOO_ ^?_P"+H_L:U_YZWW_@?/\ _%T :%%9_P#8UK_SUOO_  /G_P#BZ/[&
MM?\ GK??^!\__P 70!H45G_V-:_\];[_ ,#Y_P#XNC^QK7_GK??^!\__ ,70
M!H45G_V-:_\ /6^_\#Y__BZ/[&M?^>M]_P"!\_\ \70!H45G_P!C6O\ SUOO
M_ ^?_P"+H_L:U_YZWW_@?/\ _%T :%%9_P#8UK_SUOO_  /G_P#BZ/[&M?\
MGK??^!\__P 70!G^+?\ F"?]A6#_ -FKH*Y/Q1ID$/\ 9&R2[._4X4.^[E;
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M^QK7_GK??^!\_P#\71_8UK_SUOO_  /G_P#BZ -"BL_^QK7_ )ZWW_@?/_\
M%T?V-:_\];[_ ,#Y_P#XN@#0HK/_ +&M?^>M]_X'S_\ Q=']C6O_ #UOO_ ^
M?_XN@#0K/TW_ (_M6_Z^U_\ 1$5']C6O_/6^_P# ^?\ ^+J'1;:.VO-6$;2D
M?:5'[R9Y/^6,9_B)]3S]!V% &M1110 5CSW'V35=2GQN*6<&U?[S;YL#\3@5
ML5G0_P#(PWG_ %Z6_P#Z'-0!FP:E<V\(M)YA'*DA#370ZJ5W#H1R3D#_ ':9
M'J][%!;)&8F"VUH6:12S,TK%,YSVP#[UT:,DBAT974]"#D4[ ]* ,!=8G*R2
ME5+PVURQZA6:-]N<9Z''U]ZF%_<^=;QS&-B;E%S&"H*M&S<C/8_A6S@>E% &
M%+J=TUC=.)X8Y(9T!=4W(J%P.NXYXY/0^PZTMSJUS%!-+YMNH$QBC_=Y!V@D
MDDN!S_G-;F!SP.>M& >U &#J6HW$<;R":-$:S\U8CD,6[X8$'CBK3ZC,-5-N
M&A"K*L?DD'S&!7.\'/0<CIV/-:F!Z48&<XYH R]&O[F\"-<>5B6!9EV*1MR2
M"#DG/3K50:@(HY9I+G%\)61H7D.V--^T,4ST"X;/?UK?HP/04 8K:K<+% QD
MMRAG,;2JN=X! !5=WJ<'!.#V-6]/GFDO]0BFG1Q%* D87#*I53GKTY/;J#]!
M?P..!QTHH 6BBB@#/A_Y&&]_Z](/_0YJKM.J>(55I5F9CL1$E^:(%<D,GH<9
MW>X%6(?^1AO?^O2#_P!#FJZ(T$IE"CS&4*6QR0,X'ZF@!]%%% !5:_=8[*5G
MD6, ?>:7RQ_WUV^M6:0\]: .:%_=&SL\-.469=TJ_,)/WNW:&[C'?OQ[U>U.
M\@-Q:I%?".9I !^]"J%#8;(S@]"N/7Z&M?'&*:D4<:*B( J]!CI0!SMQ>NLU
MXD-SN4[,%;C> ?,P=QX\O(.,#W(Y%:^C2M-IL;.Y=MS#<3GHQ'!_B'H>_6KN
M!SP.>M'2@#&L&*>#[)EG2 _8XL2.< ?*O4]O3/:KFC2QRZ='Y2E40E!\^\<'
M'#=QZ&H]!57\-Z<K %6M(@0>XV"M$ *  , < 4 +1110 444A( ))  ZDT +
M67KD\L*6RHRI')(5D=I3& -I(!8<KD@<C^M7K>[MKH,;:XBF"]?+<-C\J%N;
M>2%Y%FB>),[F# J,=<F@#'@OC+J5@4=D\U!YD/GEV7*$@,G8=#NZ_G6]40G@
M,WE"6,R[=VT,-V/7'I4M &/=3K%KD.^99"<(D22X="<Y)3^('N>V*V*;L7S/
M,VC?C;N[X]*=0 4444 %%%% &3KES%"L*?;!;W#M^Z)EV*,$99O4 =CZU$MT
MO]L7$?VP+#Y3EF6<.$((Y8'B/&2!Z_A6T5!Z@'ZT8'/ YZT 4=$G^TZ/:2&4
M2L8E#MNR=V.<^]3WQ(L9RLZP-L.)6Z(<=:G  & ,4=: ,_1)DELV6/[L<A7<
M)?,5CP<JW<<_GFM&F1QI%&L<:A40!54= !VI] !1110!A:E=2QZS$B3,JCRO
MEWX/+$'"_P >1P?3J*-&N9!/(L]R)$\N,-)YWF*TI)!VGMGCY>W''-;F!G..
M::T2,4+(#L;<O'0XQG]: ,074,EMJ:O>RR^1/E?*FP_W5PH*XX+9'UI/,O+:
M\TRVE>X*HP1WY(F8HQ.3W ('Z^E;CM'$C/(51!RS,< ?6H?M]GYD<?VN#?(
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M)+Y?F#!X#=CT/X5=M91-:0RA74.@;#_>&1W]Z?)&DJA9%# $, 1W!R#^8I]
M!1110!F:G<K;WVG[KH1!YBK1EP PV-R>_7'YBLE[J>66[3[>(0=Y#O/M  E
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M. * 01D'(- "T444 %%)2T %%%% !1110!GP_P#(PWO_ %Z0?^AS5H5GP_\
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M:K*)G9I$,1 VJ$P0>^3GG\JDHH *S]2_X_M)_P"OMO\ T1+6A6?J7_']I/\
MU]M_Z(EH T**** "BBB@ HHHH 9*)&C81.J.1PS+N _#(_G2H&"*'(+8Y(&
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MKCRI/EQ&5.1C^\1S_2IM1F@NI[3RXY=WF9%PL3G8%;D @=3C'IC)],[5(
M   .@% &$]K:VTNH7C6!,?$0B2(DRG.22 .020/^ FM'2%V:9 NYFP#RRLO?
MH W.!T&>V*NT4 9_A_\ Y%[3/^O2+_T 5H5G^'_^1>TS_KTB_P#0!6A0 444
M4 %%%% #6P$.02,=NM<LT,C0NB0D0FX#!OLL@CQL((,1^8\]^F2#VQ75T4 <
MW8QS_:;?S(+A;D21D/("=L7E $%NGWL\>O.*Z2BB@ HHHH **** "BBB@".<
MS!,P(COGH[%1CZ@&GTM% !1110 4444 %%%% !5&_/\ INGAL[#,WT)V-C/Z
M_CBKU-95;&Y0<'(R.AH YAXW/VD10-Y,DL?/V9U0<MG=&>6[9(ZY'3%/@CG/
MV<-#,+D-"8G9&(5 1O&?X<@'@X/(XKIJ2@#!TO=]LTS.,"UN0F.FSS8MO_CN
M*WZS9%5-?L510JK:3@ #  WPUI4 %%%% !1110 5'.9A$3;HCR=@[%1^8!_E
M4E% "#.!GK2T44 9^B?\>,G_ %]W/_H]ZT*S]$_X\9/^ONY_]'O6A0 4444
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M21\F?;ICCK6A)I]HZRCR$1I4*,Z* V",=?I4-OHUE#"T30I*K-N(>-<9QCH
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M\6-HLR3+;0B5!M1P@RH] >U+;V=M:ES;6\41?[Q10,_6@"MIO_']JW_7VO\
MZ(BK0K/TW_C^U;_K[7_T1%6A0 4444 %%%% &3_:3-KJVPD580&4J1R[  Y^
M@Z?G[4U-0E?498Y&DAB+M#$V$*9"[LG^+/!/88K3GMX[B-DD7JI7(X(!ZX/:
MHVT^S<L7M86+IL8F,<KC&#[8% &<UQ>_V?O2X8RM*5MLQKF<?P[AC@=3D8XY
MXJSK?_'C%_U]VW_H]*D.D:<4"&QMM@)('E# )QG^0_*H]: %A$ , 75MQ_VV
M2@#1HHHH **** *5[+-%=V(C<".68HZ[>3\C'K^%9JZE>3&0(LRR2,XC 5"H
M1) K$=]P!SSQZ#UV)[.VN71Y[>*5D^Z74$K]*1K&T9I&:VA)E^^2@^;G//XT
M 9\5].^G(3)MD:Y\@2,H!QOVYQTSV],]NU5X[V_$Z2S22"SCE,+/&B?.PE*
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M0 4444 ,EECAC:25U1%&2S' %*C*Z*Z,&5AD$'@BG44 %%%% !1110 4444
M%4H[B?\ M1[9O+>,1[\H"#'S@!N><\GMTJ[5%M+AW3/')/&TQRY$S8/(SQG
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MR[@F?F(]<5)10 5GZW_QXQ_]?=M_Z/2M"L_6_P#CQC_Z^[;_ -'I0!H4444
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M$LH88*D$D#'Y52NM&\\NPG*L9UF7 (QB,)C*D'U/!%36>G+:7"R(PVK;I $
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MMXB2AVM\S,<=\\\'@=Z .BR/7K2-(B8W,%W' R>IK DT*XD2V5G7;'N/EHX
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MSX?^1AO?^O2#_P!#FK0K$OII+:]U>>(XDCT^)E.,X(::@#;HK#&JW5K)Y5Q
MTB;)9A(Y"OY2!,DJ!C=ECQQT'2EN]1O'MY(HXXXK@/",K+N&V1L#G;P>,=..
MO- &W163:ZO+</.J64S)&KE'P?G*G&,D 9)Z8)_"G?VK)]GMI?(3$KE)&WMM
MB(.,'Y<@_4 9ZGI0!J45E_VE())8HXQ)*;HP1AWVK]P-R0.F,^IS4?\ ;3LR
M;+4%?+223,G*AG*'''.",]J -BBLJ756,]S;HH&V*1DD4D\I@$'( SD]B?>I
MI9+I]*AD@),S*A;;MW$<9VYXS]>* +]%8R:T6N+>"""6Y5E0R2A""-Q(S@#
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MN* )**** "BBB@ HHHH **** "BHYYE@3>RNPSC"(7/Y 4^@!:*** "BBB@
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MQ6Z;YY4C3.-SG S3Z %HHHH **** "BBB@ J&6UAE=7= 2K!_J1TSZXS4U%
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MXRDC*0O'&0<D<#\J633;6225V1_WO+J)&"L>.<9QG@<U'::M;7-M!.Y^SK<
M-$)F4%Q@'( )]1[U8BN[:95:*>)P[%5*N#D@9('O@&@!#96YE60Q_.KF0')^
M\5VD_E40TNS$31B(A61(SACG"?=P<\$>M3)>6LDHBCN(GD*[@BN"2/7%%E=)
M>V<5S&&5)5# -U% $4>EVL<Z3!9#(AW M*QRVW;DY/)QQDU(EG#':FWC#)&2
M3\KD$$DDX.<CDU8HH IKIEHHCPC$INP3(Q+;OO;CGYL\=?2FKI-HL+1!9,,5
M.XRL6!7IALY&/:KU% %--+LT7:(<C8\>&8G*N=S Y/<TXV$)MC;EIC&>N9G)
MQC&,YSC':K5% #54(H51A0, >E.HHH **** ,^'_ )&&]_Z](/\ T.:M"L^'
M_D8;W_KT@_\ 0YJT* "BBB@ IDL:S1-&Q8!A@E6*G\QR*?45Q/';0M+*<*N.
MG4DG  ]R>* (H+"WMU@6-7Q "(]SLVT'CN?3CVIHT^(A/->64HV[YI&VL<YY
M7.#R>/3CTICZI'$5$L$R' 9QA3Y0)V@M@]R.V:L374<$\$+JY:=BJD+P#@GD
M_@: (3I=L7F9O-8S$,V9G/(.01SP1@8QTJQ;P1VT0CB!"Y)Y))))R22>IS5:
M/5(YFD6*&9V7)4 #Y\-M..>.?7%6;:=+FW2:,$*PZ,,$4 5/#_\ R+VF?]>D
M7_H K0K/\/\ _(O:9_UZ1?\ H K0H **** "D(R"#GGT.*6B@"FNGQ(R%'E&
M&+,?,8LYQ@98G. #TIB:3;1P>2CW*QYS@7,@Q^O2KQ. 3@G'8=ZRFUV-6V-9
MW:RF01B,JNXL5+?WL=%)Z^E %N/3;2*59(XRNT@A0YVY V@[<XSC _"K=4XM
M066^>U2";*8WN0-JDJ&P><YP1VJY0 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%4WU!%U(6*PRO($5V90-J D@9R<_PGH*?;7BW$TL/ER1R1@$JX'(
M.<'@GT/O0!%_9-I^\SYV9'$A/G/D,.,@YX....W%3Q6<$+HT:8:-/+4Y)PN<
MG\R!S52/689-/EOOL]PL$:[@2@)<8SD8)_7%63>)]J%ND;NV S%<80'.,Y/M
MVS0!!-_R,-E_UZ3_ /H<-:%9\W_(PV7_ %Z3_P#H<-:% !1110 445%<3);6
M\L\F=D2%VQUP!DT -N;6.Z4++O*]U5RH8>AP>1]:ADTV&9765YF#,20LK(,$
M ;< CC '%-.J*MD;I[2Y2,9+ A<JH&2QYZ?K[5->7BV<'G-%*\8!9B@'RJ.I
M.3_]>@!ATRT,ID".K'.-DC*%)&W( /!QQD5-;6L5JA2(-\S;F+,69CZDGD]!
M5<ZFBWBV[6UP REEDV@JP R2,'/Z59MIUN8%F0,%;/##!X.* *FB?\>,G_7W
M<_\ H]ZT*S]$_P"/&3_K[N?_ $>]:% !1110 4444 4CID(D,BO,'+ EC*S'
M .=HR> 2!G%.;3;-C,?(5?.C\M]ORY7GCCZFG0WL,UY/:Q[B\ 4L<<<YZ'\*
M:E^)%E:*":14. 5"_.<X(&3Z]S@4 /ELX9I4DD#'9@JN\[,CH=N<<?X>E5]2
M_P"/[2?^OMO_ $1+3EU2%D@D$<WES,$W[1A6)VX/.<YXXS3=2_X_M)_Z^V_]
M$2T :%%%% !1110 4444 %%0W5Q]FA,GE22XZK& 2!Z\D54;6;1?G)?R<<S;
M?E!V[\'OG;STQ^- &C15:TNUNMX$<D3H1N20 $9&0>":LT %%%% !1110!5N
M["&\DCDE,H>+.TQRLF,]>A%1MI=N=Y0R1L^[D2-\NXY;:,X!/J/6KU5DO%:\
M:U,<B.%+*6 PX! )'/J1UQ0 [[+%B?@@S_ZP[CD\8Z]N/2E^RPY@.P?N/]6,
M\+QC^7%1-?JMR\!@F\P*708'[P @''/J1UQ4"ZS%)+#%';W#R2;LJ%7,>UMK
M;LGL3VS0!1\6_P#,$_["L'_LU=!7/^+?^8)_V%8/_9JZ"@ HHHH *2EHH H1
MZ/:1IL7S\!]ZYG<[6YY'/!Y.?7-.738 CQG>8655\O><  D^O)))R>]6)Y3#
M'O6*24_W4QD_F0*C^VP&P6]!/DL@<<<D'IQZT 2F",W G*_O I0'/0$Y/\A^
M5$$$=O&4B7:I8L><Y).2?S-5DU*-_LQ$4HCN54I(0,9(R ><YP/I4EK>Q7<D
MZ1;CY+[&)'!/MZT 0:;_ ,?VK?\ 7VO_ *(BK0K/TW_C^U;_ *^U_P#1$5:%
M !1110 57NK.*[4+,9,#/"2,F0>H.",BK%% %%]*@+2O$\T3RKM8I*V,8QP,
MXZ=/2IVLX'\[?'N\] DFXD[E (Q^I_.FM>(EZEL\<BE\['(&UB!D@<YZ>U(U
MZJ7)@:&8-M+*=HP^,9 YSW'7% $3:/:-M)\X,K%]XG<,21C).<G@8^E-UH8L
M(AZ75M_Z.2E;5HEMGG:"<+$Q64;1F+&,YYYZCIFC6_\ CQC_ .ONV_\ 1Z4
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M>_MFU_YY7W_@!/\ _$40_P#(PWO_ %Z0?^AS5H4 9_\ ;-K_ ,\K[_P G_\
MB*/[9M?^>5]_X 3_ /Q%:%% &?\ VS:_\\K[_P  )_\ XBJFI7EGJ%DUN\=Z
M,LKC=I\[#*L&&1MY&1TK;JH-3LRT@\X9CZ_*<'G'''S<\<9YXH P?+LS&D92
MX5 Q9MFESJ0-V[:O& /P/?UJQ-?O<&UD8W$;0RF0K_9EPV>" ,X'\+?G6O\
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MO^/[2?\ K[;_ -$2T ']LVO_ #ROO_ "?_XBC^V;7_GE??\ @!/_ /$5H44
M9_\ ;-K_ ,\K[_P G_\ B*/[9M?^>5]_X 3_ /Q%:%% &?\ VS:_\\K[_P
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MZO?VS:_\\K[_ , )_P#XBC3?^/[5O^OM?_1$5:% &?\ VS:_\\K[_P  )_\
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M ZG&.@R.>E1:V0;"(@Y!NK;_ -')0 O]LVO_ #ROO_ "?_XBC^V;7_GE??\
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M!T_PH CT_3I[::T>5D(AM6A;!)Y+*1CCI@5&^G7!NK]A&CI<@[2T[ #Y5'*
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MZ](/_0YJT*P8=%THZ[=QG3+,HMM P7R%P"6ER<8[X'Y"KW]A:/\ ] JQ_P#
M=/\ "@#0HK/_ +"T?_H%6/\ X#I_A1_86C_] JQ_\!T_PH T*PI='N'G,J;$
M\IMT,9E+ GS%<\X^4';[]?:KAT+1P,G2K ?]NZ?X4O\ 86C_ /0*L?\ P'3_
M  H I/H]W*1,9XTD,PD,>-RI^\#'!]< =N<=JOO%/>?9C*BQQK(9'0G).#\@
MZ?0GT(IO]A:/_P! JQ_\!T_PH_L+1_\ H%6/_@.G^% %"70[@R3-]H60-Y;<
MY0LRR%SDCIUZC^E:NG02V]H(YW+-N8C+E]H))"[CR<#C)J'^PM'_ .@58_\
M@.G^%)_86CYQ_95AGT^SI_A0 OA__D7M,_Z](O\ T 5H5@Z'HNE2Z%I\DFF6
M;N]M&S,T"DL2HR2<5>_L+1_^@58_^ Z?X4 :%%9_]A:/_P! JQ_\!T_PH_L+
M1_\ H%6/_@.G^% &A6-=Z3/-?S21RE$G(W-YS#:-NTC8.#G Y/J:L_V%H_\
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M(V;;ED) XZA<CCGC_P"O4G]A:/\ ] JQ_P# =/\ "C^PM'_Z!5C_ . Z?X4
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MBR_(A8>7$)FEV#&/O-S^%7ZS_P"PM'_Z!5C_ . Z?X4?V%H__0*L?_ =/\*
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M']W^+],U3<PMKHVQ31&-"'D6)_WN5X&X#& .>O7&.];# ,I5@"",$'O0  ,
M8 H Y<B5[&W1(G,"2SETFM9),DL2F5X)&#U]<=ZMZFQO+:,["TD:LC0^6S#S
M"J]".A!. 3ZGD8K>I  .@ H P9]ZR74>RZ>=[((Q4/@N!_"V"!^'?WJ.P26*
MXM J!?\ 2GR1&8U*>5SM4\J-P7\>>]='32BEPY4%@" <<@'K_(4 4=$_X\9/
M^ONY_P#1[UH5GZ)_QXR?]?=S_P"CWK0H **** ,N4I_:%_YWF$"WCP%!)VY?
MICGKU_"LQ8M\6E3>2\EQ##&GE2VLA^8$9.[@*1@\GTKI=J[MVT;L8SCG%.H
MP-+$>GW=Q\I:.1OFF-L\;[V?A3G[_P![J.F*;=?-_:,4,=P=\T;9>.0KP1NZ
MCYE]AU'MS70$ XR <<CVI: .;BBOO+L?]&E,,,N5 .W)+GDJ>0NWH.P/M4L.
M[?IH/W1J4X3_ '=D^*WZS=054O-(5%"J+ML # _U,M &E1110 4444 %%%%
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M\,:0SK!'F/))**^22P ZGTIIU6XVV]SNCVR61G%OMYD<#. <_P!#WK<P/2C
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MQ&,UJZ/-)/I%I+*29'B4L3WXZU;9%=2&'!&#]*(T6.-40!54  #L* '4444
M%%%% !1110!'/(\:;DA>8YQM0@'Z\D4^EHH **** "BBB@ HHHH **** (HY
M':61&@=%7&UR5P_TP<_GBI:** ,^;_D8;+_KTG_]#AK0K/F_Y&&R_P"O2?\
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M 4444 %%%% !39&*1LRH78#(5<9/MSQ3J* &1LSQJS(T;$9*L1D>W'%/HHH
MS]-_X_M6_P"OM?\ T1%6A6?IO_']JW_7VO\ Z(BK0H **** "BBB@ J,R.)Q
M&(7*%<F3(P#Z=<_I4E% !6?K?_'C'_U]VW_H]*T*S];_ ./&/_K[MO\ T>E
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M:C73+:-D:(,IC&(U+L40@8!"YQG%3VENMI:0V\?W8D"#WP* )J*** "BBB@
MHHHH CGGBMTWSRI&F<;G.!FGTM% !1110 4444 %%%% !1110!%'<0RRR11R
MHTD>-ZA@2N?7TJ6BB@#/F_Y&&R_Z])__ $.&M"L^;_D8;+_KTG_]#AK0H **
M** "JLL\OV^.WB"X,3R$MZ@@ ?J?RJU5:>S2>X68LPQ&\3!3C*MCN.1TH RY
M]8N8+<LPA.)702*A*N%&>%SD<Y!.2!C-7]1NI[>P^TP^5D+DJV6WGLJX[D\
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M%8/_ &:N@KG_ !;_ ,P3_L*P?^S5T% !1110 4444 %-DD2*-I)&"(HRS,<
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MQD_Z^[G_ -'O6A6#H^K6T=G(&CO"3<W!^6RF/69SV7WZ=NE7O[9M?^>5]_X
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M_P"(H T**S_[9M?^>5]_X 3_ /Q%']LVO_/*^_\  "?_ .(H T**S_[9M?\
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M-.HX,SD'KW!!J]_;NC_]!6Q_\"$_QH T**S_ .W='_Z"MC_X$)_C1_;NC_\
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M3G4)IF'GK\BLDV">>.H_$T =716?_;NC_P#05L?_  (3_&C^W='_ .@K8_\
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M\)'RW"??QM!Z] "?SJHUW9-Y1FU73U<&WB'DW2D;8WWECTQGIC]>: -_3?\
MC^U;_K[7_P!$15H5@Z?K6E)>:FSZG9J'N5929U&X>3&,CGGD$?A5[^W='_Z"
MMC_X$)_C0!H45G_V[H__ $%;'_P(3_&C^W='_P"@K8_^!"?XT :%%9_]NZ/_
M -!6Q_\  A/\:/[=T?\ Z"MC_P"!"?XT :%%9_\ ;NC_ /05L?\ P(3_ !J,
MZSI)G$G]MV@4+CRQ<1[3[^N?QH U*S];_P"/&/\ Z^[;_P!'I1_;NC_]!6Q_
M\"$_QJCK&M:5)9QK'J=FY%S;MA9U/ F0D]>P!- &]16?_;NC_P#05L?_  (3
M_&C^W='_ .@K8_\ @0G^- &A16?_ &[H_P#T%;'_ ,"$_P :0Z[HY!']K6(S
M_P!/"?XT 3B_MV$1#,?-SL"H22 <9X' ]SQ3A>V["8K)O\EMK[ 6P?3CJ?I7
M+1W%DT-HZ:O91R1VZ0-_IVS85/W@!PV>>OM5[^U[3S;T_;],VS8V;=0"DXXZ
M@9''/'_UZ -P7D#6OVE7+1>JJ2<YQC&,YSQCK3/[1M3Y/[WB;&QMIQDG !.,
M YXP:P[?5K2"R-F-0TY_E9MPOPF-S$A0XY) ZMCG\:9'J%LD=G ^I:5)!"V]
MP;U0=VXE>WS;1CTR1^8!O#4K0EAYARK*I!4C[QP#R.A/?I46F_\ ']JW_7VO
M_HB*L2;4[21;II]0TWS9WC16BO%;:@;@8P,  DDYY.?:M71;NVNKS5FMKB*8
M?:5;,;AN/)C&>/=2/P/I0!K4444 %9GFI!K>H2RMMC2S@9F/8!IJTZQKNW>[
MU#5K>,@/+80HI;IDM,* -.*Z@F<I'*K,$63 /\+9P?QP:>94$JQ%UWL"P7/)
M QD_J*P)= N/.O/*F3R)1$(XSV569BIR",9;C@] *MVVE-!<6$GE1/Y$3QL7
M;+)D@@J=HSC!'0<&@#0%W"UTULI<R+][$;%5XS@MC .".]39K)>PN/MU]((H
MY([D?*'N&"_<"X* 8ZCKUQ6>^BW?G>04BE/EG_2G)RK%LA^A^<#W[=>U '3=
M\49&.M8XTF;^U9[IG#;PVUMP& 5P%(VY('^]CIQ446B30V9A18,&.#?'DA9'
M0G?GC^+CG!SW% &O'=PR'".3@N"=I &PX;GIUJ5'5T#*0589!'>L6VT>9'C\
MP0K$(KE&C4DJ/,=64#@9  (I%TN\CCC2*.V0-#''(JN0$*.6R/EYSGV_&@#<
MR/6COBL"YT&66)\>46>XDD<9 WJ2=N25;D9].YQ5V'3Y(M3BN $*K"(W=VWL
M<#C'RY'OS@^E &G1110 4444 9\/_(PWO_7I!_Z'-5C[9%]L^R@L9,$D@<+T
M.">QP<XJO#_R,-[_ ->D'_H<U,-O<G6O-BC$,(PTD@E)\X8(VE,8R"!SZ8_
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M/^$)\._] _\ \C2?_%5T%% '/_\ "$^'?^@?_P"1I/\ XJC_ (0GP[_T#_\
MR-)_\57044 <_P#\(3X=_P"@?_Y&D_\ BJ/^$)\._P#0/_\ (TG_ ,57044
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M - __P C2?\ Q5=!10!S_P#PA/AW_H'_ /D:3_XJC_A"?#O_ $#_ /R-)_\
M%5T%% '/_P#"$^'?^@?_ .1I/_BJ/^$)\._] _\ \C2?_%5T%% '/_\ "$^'
M?^@?_P"1I/\ XJC_ (0GP[_T#_\ R-)_\57044 <_P#\(3X=_P"@?_Y&D_\
MBJ/^$)\._P#0/_\ (TG_ ,57044 <_\ \(3X=_Z!_P#Y&D_^*H_X0GP[_P!
M_P#\C2?_ !5=!10!S_\ PA/AW_H'_P#D:3_XJC_A"?#O_0/_ /(TG_Q5=!10
M!S__  A/AW_H'_\ D:3_ .*H_P"$)\._] __ ,C2?_%5T%% '/\ _"$^'?\
MH'_^1I/_ (JC_A"?#O\ T#__ "-)_P#%5T%% '/_ /"$^'?^@?\ ^1I/_BJ/
M^$)\._\ 0/\ _(TG_P 57044 <__ ,(3X=_Z!_\ Y&D_^*H_X0GP[_T#_P#R
M-)_\57044 <__P (3X=_Z!__ )&D_P#BJ/\ A"?#O_0/_P#(TG_Q5=!10!S_
M /PA/AW_ *!__D:3_P"*H_X0GP[_ - __P C2?\ Q5=!10!S_P#PA/AW_H'_
M /D:3_XJC_A"?#O_ $#_ /R-)_\ %5T%% '/_P#"$^'?^@?_ .1I/_BJ/^$)
M\._] _\ \C2?_%5T%% '/_\ "$^'?^@?_P"1I/\ XJC_ (0GP[_T#_\ R-)_
M\57044 <_P#\(3X=_P"@?_Y&D_\ BJ/^$)\._P#0/_\ (TG_ ,57044 <_\
M\(3X=_Z!_P#Y&D_^*H_X0GP[_P! _P#\C2?_ !5=!10!S_\ PA/AW_H'_P#D
M:3_XJC_A"?#O_0/_ /(TG_Q5=!10!S__  A/AW_H'_\ D:3_ .*H_P"$)\._
M] __ ,C2?_%5T%% '/\ _"$^'?\ H'_^1I/_ (JC_A"?#O\ T#__ "-)_P#%
M5T%% '/_ /"$^'?^@?\ ^1I/_BJ/^$)\._\ 0/\ _(TG_P 57044 <__ ,(3
MX=_Z!_\ Y&D_^*H_X0GP[_T#_P#R-)_\57044 <__P (3X=_Z!__ )&D_P#B
MJ/\ A"?#O_0/_P#(TG_Q5=!10!S_ /PA/AW_ *!__D:3_P"*H_X0GP[_ - _
M_P C2?\ Q5=!10!S_P#PA/AW_H'_ /D:3_XJC_A"?#O_ $#_ /R-)_\ %5T%
M% '/_P#"$^'?^@?_ .1I/_BJ/^$)\._] _\ \C2?_%5T%% '/_\ "$^'?^@?
M_P"1I/\ XJC_ (0GP[_T#_\ R-)_\57044 <_P#\(3X=_P"@?_Y&D_\ BJ/^
M$)\._P#0/_\ (TG_ ,57044 <_\ \(3X=_Z!_P#Y&D_^*H_X0GP[_P! _P#\
MC2?_ !5=!10!S_\ PA/AW_H'_P#D:3_XJC_A"?#O_0/_ /(TG_Q5=!10!S__
M  A/AW_H'_\ D:3_ .*H_P"$)\._] __ ,C2?_%5T%% '/\ _"$^'?\ H'_^
M1I/_ (JC_A"?#O\ T#__ "-)_P#%5T%% '/_ /"$^'?^@?\ ^1I/_BJ/^$)\
M._\ 0/\ _(TG_P 57044 <__ ,(3X=_Z!_\ Y&D_^*H_X0GP[_T#_P#R-)_\
M57044 <__P (3X=_Z!__ )&D_P#BJ/\ A"?#O_0/_P#(TG_Q5=!10!S_ /PA
M/AW_ *!__D:3_P"*H_X0GP[_ - __P C2?\ Q5=!10!S_P#PA/AW_H'_ /D:
M3_XJC_A"?#O_ $#_ /R-)_\ %5T%% '/_P#"$^'?^@?_ .1I/_BJ/^$)\._]
M _\ \C2?_%5T%% '/_\ "$^'?^@?_P"1I/\ XJC_ (0GP[_T#_\ R-)_\570
M44 <_P#\(3X=_P"@?_Y&D_\ BJ/^$)\._P#0/_\ (TG_ ,57044 <_\ \(3X
M=_Z!_P#Y&D_^*H_X0GP[_P! _P#\C2?_ !5=!10!S_\ PA/AW_H'_P#D:3_X
MJC_A"?#O_0/_ /(TG_Q5=!10!S__  A/AW_H'_\ D:3_ .*K0TK1-.T;S?[/
7M_)\W&_YV;.,XZD^IK0HH **** /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>exhibit99-1x15x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 exhibit99-1x15x1.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!# ! +# X,"A .#0X2$1 3&"@:&!86
M&#$C)1TH.C,]/#DS.#= 2%Q.0$1713<X4&U15U]B9VAG/DUQ>7!D>%QE9V/_
MVP!# 1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C
M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P  1" &9 ]4# 2(  A$! Q$!_\0
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MT?\ Y]K[_OA/_BJ/^%CZ/_S[7W_?"?\ Q5 '845Q_P#PL?1_^?:^_P"^$_\
MBJ/^%CZ/_P ^U]_WPG_Q5 '845Q__"Q]'_Y]K[_OA/\ XJC_ (6/H_\ S[7W
M_?"?_%4 =A17'_\ "Q]'_P"?:^_[X3_XJC_A8^C_ //M??\ ?"?_ !5 '845
MQ_\ PL?1_P#GVOO^^$_^*H_X6/H__/M??]\)_P#%4 =A17'_ /"Q]'_Y]K[_
M +X3_P"*H_X6/H__ #[7W_?"?_%4 =A17'_\+'T?_GVOO^^$_P#BJ/\ A8^C
M_P#/M??]\)_\50!V%%<?_P +'T?_ )]K[_OA/_BJ/^%CZ/\ \^U]_P!\)_\
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MT?\ Y]K[_OA/_BJ/^%CZ/_S[7W_?"?\ Q5 '845Q_P#PL?1_^?:^_P"^$_\
MBJ/^%CZ/_P ^U]_WPG_Q5 '845Q__"Q]'_Y]K[_OA/\ XJC_ (6/H_\ S[7W
M_?"?_%4 =A17'_\ "Q]'_P"?:^_[X3_XJC_A8^C_ //M??\ ?"?_ !5 '845
MQ_\ PL?1_P#GVOO^^$_^*H_X6/H__/M??]\)_P#%4 =A17'_ /"Q]'_Y]K[_
M +X3_P"*H_X6/H__ #[7W_?"?_%4 =A17'_\+'T?_GVOO^^$_P#BJ/\ A8^C
M_P#/M??]\)_\50!V%%<?_P +'T?_ )]K[_OA/_BJ/^%CZ/\ \^U]_P!\)_\
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M_P#9JZ"N?\6_\P3_ +"L'_LU '04444 %%%% !1110 4444 <_HW_(W^(_\
MMV_]%FN@KG]&_P"1O\1_]NW_ *+-=!0 4444 %%%% !1110 4444 %%%% $
MN[=E5A-&59S&"&X+9QM^N0:2&]M9VD6&XC<Q9WA6!VXX/\C6+;V-\CPV;6I$
M<=\]R;C>NPJ69@ ,[L\@=,>]1+8:F+>\M;:&:&VF 18YY$;RRS?.R%3G;M).
M"<YZ8H Z*WGBN85FMY%EB?E70Y!J6LO1;2XL6N[>6-!"9/,A:,87YA\P R2,
M')_&M2@ HHHH **** "BBB@ HHHH **** .?\)?\QO\ ["L__LM=!7/^$O\
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M$C]:N4 %%%% !1110 4444 %<_X[_P"10OO^V?\ Z,6N@KG_ !W_ ,BA??\
M;/\ ]&+0!T%%%% !1110 4444 %%%% '/_\ -0_^X5_[5KH*Y_\ YJ'_ -PK
M_P!JUT% !1110 4444 %%%% !7/^!/\ D4+'_MI_Z,:N@KG_  )_R*%C_P!M
M/_1C4 =!1110 5S_ (2_YC?_ &%9_P#V6N@KG_"7_,;_ .PK/_[+0!T%%%%
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MY;[HSU^E1SW<$%M-</(/+A0NY7G  R>E &-_PBO_ %'M<_\  S_ZU'_"*_\
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M'M<_\#/_ *U;OFQG=^\3Y3AN1Q]:/-C/_+1>F[KV]: ,+_A%?^H]KG_@9_\
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M5_ZCVN?^!G_UJR]#T>;4?[1\[7-97[->R6Z;+LC*KC!.1UYKM*Y_PE_S&_\
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M@"*U\06KVZM<DQ2E-VTH0&^;;\N>O) _&K$>LVDLT,*>:9)BP"B(Y&T@-GT
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ML?\ P(3_ !H_MW1_^@K8_P#@0G^- &A7/^+?^8)_V%8/_9JT/[=T?_H*V/\
MX$)_C6'XHU;39_[(\G4+23R]3A=]DRG:HSDG!X'O0!UE%9_]NZ/_ -!6Q_\
M A/\:/[=T?\ Z"MC_P"!"?XT :%%9_\ ;NC_ /05L?\ P(3_ !H_MW1_^@K8
M_P#@0G^- &A16?\ V[H__05L?_ A/\:/[=T?_H*V/_@0G^- &A16?_;NC_\
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M?+BE1&!)\]G8,"_'&,>_6MC^W='_ .@K8_\ @0G^-']NZ/\ ]!6Q_P# A/\
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M85B05)0YXQZ=!S4-WH.H7,MXQDMP)H+B)<':"78%20%[ <\GGGO6O_;NC_\
M05L?_ A/\:/[=T?_ *"MC_X$)_C0!0GT>]FU":8M J%953!P2&7 R OKUY-0
MR>'KA+M98%M3"GDG[.Q(1RJNK$X'^T#T.=M:O]NZ/_T%;'_P(3_&C^W='_Z"
MMC_X$)_C0 _1[-]/TR"UD*%HP1\GW>I/%7:S_P"W='_Z"MC_ .!"?XT?V[H_
M_05L?_ A/\: -"LFYLKV/4KBZLO(<7421.)7*[-N[YA@'/WNG'3K4W]NZ/\
M]!6Q_P# A/\ &C^W='_Z"MC_ .!"?XT 9:^&WA!BC%O)$UK# 7DR'S&QSQ@\
M$'U["HKKPY=M<3-%Y#6[R2;;<OL4(ZH/[C '*MQC^+K6S_;NC_\ 05L?_ A/
M\:/[=T?_ *"MC_X$)_C0 W3--%G=7L[K&7GD!5QRVP(HP3CU4FM*L_\ MW1_
M^@K8_P#@0G^-']NZ/_T%;'_P(3_&@#0KG_"7_,;_ .PK/_[+6A_;NC_]!6Q_
M\"$_QK#\+ZMIL']K^=J%I'YFIS.F^91N4XP1D\CWH ZRBL_^W='_ .@K8_\
M@0G^-']NZ/\ ]!6Q_P# A/\ &@!LNG2R:G=7(D"I-:+ ,9W*P+'/_CPK*'A^
M[V^9Y%BK1K"B0!CY;A"26)V\$@XZ'IUK7_MW1_\ H*V/_@0G^-']NZ/_ -!6
MQ_\  A/\: ,BZT'4+F2[8R6RB:WGB7:< ER"N0%[8Y.3SSWKIATJA_;NC_\
M05L?_ A/\:/[=T?_ *"MC_X$)_C0!H5S_CO_ )%"^_[9_P#HQ:T/[=T?_H*V
M/_@0G^-8?C35M-N?"U[#;ZA:32MLVI',K,?G4\ &@#K**S_[=T?_ *"MC_X$
M)_C1_;NC_P#05L?_  (3_&@#0HK/_MW1_P#H*V/_ ($)_C1_;NC_ /05L?\
MP(3_ !H T**S_P"W='_Z"MC_ .!"?XT?V[H__05L?_ A/\: -"BL_P#MW1_^
M@K8_^!"?XT?V[H__ $%;'_P(3_&@#/\ ^:A_]PK_ -JUT%<G_:VF_P#"=?:/
M[0M/(_LS9YGG+MW>;G&<XSCG%;G]NZ/_ -!6Q_\  A/\: -"BL_^W='_ .@K
M8_\ @0G^-']NZ/\ ]!6Q_P# A/\ &@#0HK/_ +=T?_H*V/\ X$)_C1_;NC_]
M!6Q_\"$_QH T**S_ .W='_Z"MC_X$)_C1_;NC_\ 05L?_ A/\: -"N?\"?\
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MJXET":=<^>JNN8QS\K$9 ]>,XH D_L+1_P#H%6/_ (#I_A1_86C_ /0*L?\
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M!5C_ . Z?X4:-*DEHRQHJK&Y4%)"Z-P.5)[<_F#6A0!G_P!A:/\ ] JQ_P#
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M8/?KSU-,OIF:]CDMKB.1I6B,06<A@N[YODZ$$9Y^OH* +W]A:/\ ] JQ_P#
M=/\ "C^PM'_Z!5C_ . Z?X5G1W16^O)-1\^&)H%=E9L!/F8 #!^@]SFM+1B&
ML 1,LN78C;)OV G(7.3G (% &%X7TG39_P"U_.T^TD\O4YD3?"IVJ,8 R.![
M5MC0]&)(&E6&1U_T=./TJAX2_P"8W_V%9_\ V6K&E2(M_+$KK<,RES/'*6[]
M''13SQ[ ],4 6/["T?\ Z!5C_P" Z?X4?V%H_P#T"K'_ ,!T_P *T** ,_\
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ML(G6,QCD!2Q;H2,@GJ.X/IBK= &?_86C_P#0*L?_  '3_"C^PM'_ .@58_\
M@.G^%6[KROLTAG.(E7<QSC '-8! ACB%Y+)!'-#+*JF0KM<E=J@YZA>WKDT
M:G]A:/\ ] JQ_P# =/\ "C^PM'_Z!5C_ . Z?X55NY]]I;-//"&BPMQ&\_E?
M.4SC([C(./?-,@N?+GTK[7<D7+PX>-I<$G;Q\OJ30!=_L+1_^@58_P#@.G^%
M8>DZ3ILGBG7H7T^T:*+[/Y:-"I5,H2<#'&:T-(FN'UR]%PLREK>*3RW/RH2T
M@P.?0#GO@U'HW_(W^(_^W;_T6: +_P#8>C @?V589/0?9T_PI?["T?\ Z!5C
M_P" Z?X57NY$BUB-BZS,S(@B$I$D>>X7N.Y]AWQ6Q0!G_P!A:/\ ] JQ_P#
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MXUKT 9_]A:/_ - JQ_\  =/\*/["T?\ Z!5C_P" Z?X5H4AX&30!0_L+1_\
MH%6/_@.G^%']A:/_ - JQ_\  =/\*J:9<11WMT3.A@(C"%)S(@)8@98_QDD<
M?2D@FD;5)VN_/@5X22&8*L:AL#!SQQW]30!<_L+1_P#H%6/_ (#I_A6'XTTG
M3;;PM>S6^GVD,J[-KQPJK#YU'! J?[3"=,MIQ=PR"))%\IYR#(<C !!R3CZ_
M>I_CD[O!MZQ!7(C.#U'[Q: -+^PM'_Z!5C_X#I_A2#0]&8 C2K @]"+=/\*G
MU+!L9 ;@6XX_>$X Y'!/;/3\:CTAT>R BC"(C%1M<NAQW4GJ* &_V%H__0*L
M?_ =/\*/["T?_H%6/_@.G^%:%% &?_86C_\ 0*L?_ =/\*/["T?_ *!5C_X#
MI_A3M7FMH;0&Y<#<VV,&39N;!P,Y'N?PSVJ S0II44$EY#-+'%'N=YR@?J Q
M8=B5;ZXH E_L+1_^@58_^ Z?X4?V%H__ $"K'_P'3_"L-KIQ%:AIV!2%20\A
M!;YR,Q\_.3@]>Q7UK1TVX9M2=9"KRM)*&42,6C ;Y<KT (QC\^<T 9W]DZ;_
M ,)U]G_L^T\C^S-_E^2NW=YN,XQC..,UMG0]&&,Z58#/ _T=.?TJA_S4/_N%
M?^U:LZJ\<5[#(\B2%0-MOYA5\Y/S(!U/;% $_P#86C_] JQ_\!T_PH_L+1_^
M@58_^ Z?X5H5'.4$+F23RTQ\S[MNT>N>U %/^PM'_P"@58_^ Z?X4?V%H_\
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M?^8)_P!A6#_V:N@KG_%O_,$_["L'_LU &\R*^-R@X.1GL:=110 4A&>M+10
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M2EHH 3 '04C(KJ0PR",&G5F'5=NH&W*QA?.$."_SDE=V[;Z<XH T5544*J@
M#  '04N!Z53DO6341;-Y:*<8+D@L3G@<8SQ55M8=/M8\N&3[.$+-')E5RQ!R
M<?P@9.* -:L#P)_R*%C_ -M/_1C5K:?=&\M%F*J,LP!4Y# $@$>QK)\"?\BA
M8_\ ;3_T8U '04444 %<QX<M(KQ=728;HUUB=BA (;@<$>G?\!73USWA-E4:
MV6( _M6?DG_=H T&T>W*^6CO'#YOFB)57:#QTXR.1G@]S4QL$:]:Y:1RS(4
M&!@''<#)Z=R:M @@$'(/<4WS$R!O7+$@#/4CJ* ,Y-&CM[.[BA=I&GB$8W[5
M P"!]T#'7K4D>EHIM"TKL;8# PO+<Y.<9YSSS5X2(P!5U(;I@]:=0 444P2Q
MDN Z_NSA^?NG //X$4 /HIJNCYV,K8ZX.:=0 444T.I<H&&X $KGD ]#^A_*
M@!U%("#G!!P<'%+0 4444 %<_P"+?^8)_P!A6#_V:N@KG_%O_,$_["L'_LU
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MT^BB@ KG_"7_ #&_^PK/_P"RUT%<_P"$O^8W_P!A6?\ ]EH Z"BBB@ HHHH
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MW32^6.@.YN<<;F/3W-,UIUN[1A;Q&64;E4?9V8N5/W0_1,D=3]:VZ0 *,*
M.PH R&\F35F9K9D$2.#BW8^:2,GG&",#UY/TYDT6-D:[)7Y7D#!O),0/R@8"
M'D8QU[UJ44 <_HW_ "-_B/\ [=O_ $6:Z"N?T;_D;_$?_;M_Z+-=!0 4444
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MVY]SS45SI9MU2*W.^>2)4Y@+*KABQ<,.%)+$GZ"NDHH **** "BBB@ HHHH
M;)OV'RPI?MNZ4)NV#?C=CG'3-.HH *Y_1O\ D;_$?_;M_P"BS705S^C?\C?X
MC_[=O_19H Z"BBB@ K+U;8+RPD,4CNDV2R1,VU=K ]!QR16I10!A+Y]IJ\E]
M>0D)Y$FZ1"6 4,NU0,=<#IW)-/1)5U>0M$7,DW.Z$D"/9U#]N>,>YXYS6R0&
M&" 1[TM &!)9(4-\T9A8S[EC\@L"BAE4,JC./F+>Q(I]U%)!X,O8Y@ PM)N
M,;058@8[8&!BMRL_Q!_R+VI_]>DO_H!H /#_ /R+VF?]>D7_ * *T*S_  __
M ,B]IG_7I%_Z *T* "BBB@ HHHH CB\W:?."!L\;"<8J2BB@ HHHH **** "
MBBB@".7S=G[D(6S_ !D@8_"I*** "N?\)?\ ,;_["L__ ++705S_ (2_YC?_
M &%9_P#V6@#H**** "BBB@ J,>;YQR$\K'!!.[-244 %<_X[_P"10OO^V?\
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M* .@HHHH *SM:U V%HQB:,3E69 YXPHR3_3ZD5HU%/!%<1-',@=64J0?0]:
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ML_P__P B]IG_ %Z1?^@"M"@ HHHH **** "BHXHS&I!D=\G.7.34E !1110
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M@8X]\5/H4T<MM,L<XFV3R 'S-YQN..?I0!2T;_D;_$?_ &[?^BS705S^C?\
M(W^(_P#MV_\ 19KH* "BBB@ HK'U&54U6V\MU+B10R+,?,((/ 3IMYR3]:AT
MV[E76;TWAEB#00OLD/RQDO( !S_NCW(H WJ*YH32R+.AFC6=Q(78S,IC"N/E
M;LH(X!_'FFRRN=-NLRPQ@RO]E+73?=V+DJ?XCNS@?K0!T]%,A;?"C$,,J#AA
MS^-/H **** "BL/[25U:43,I/FE OF,&1-F=P XQUY]3UXQ5-KG:DJK-&$:X
MCVL)V:#&TY#/U'3\ROK0!U%%8]O=.VCQ1P&22=E )4@LJY(+C)Y'!P>_%9RW
M;I:VYD)V1P,R)+*RM*P8\#'4XP!UZ]* .IKG]9_Y&_PY_P!O/_HL58BD4Z^!
M%(K*4<.J3%SNR.74\+C! ^M5]9_Y&_PY_P!O/_HL4 =!1110 454U1Y8]-N7
MA)$@C.".H]ZS/,C>PF6,)(ZRB.!XY697=@.<Y[=^>QH WJ*PY EMJ5C!#/N,
M95''GLTK#81RIXQT)-2W=W;_ -J:;(MVH$A;Y?-PI4JV#CODXYH UZ*YN6Z:
M&.YBMY8IFP&>>.9CL4R $-UVG:201Z'TK6TF59;=P@4HDA4.CEE?@<@GZX_
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MBJ;:I;+$KG?EF9=FWY@1UR/;_/6F7&KV\,;-&'F(@^T#8I(*8.#GMG% %^C
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M7F"0MU&><CM4>F:@U^;K="8O)E"*">2"BL"1V.&Z4 9VC?\ (W^(_P#MV_\
M19KH*Y_1O^1O\1_]NW_HLUT% !1110 F.<TUXTD #J" 0PSZCI3Z* $P/2C
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M?+#$,H+[=S9'W1G)-6]/O!>12'Y-T<AC8QMN4D8/!^A% &5X2_YC?_85G_\
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M +=O_19K5L[J2>>ZCDB$9A<*,-G(*@_UK*T;_D;_ !'_ -NW_HLT =!1110
MG7K1BHKN62"UDEB0.Z*2%+8'YU0N=6:![91$N9T5E#,1N)(!5>.HSGF@#2DB
M212KJ&4]0>].P,YQS5*+4#+JC6JQCRA&S"3/5E(!&/09_,&D>_,>J+:-Y)#
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MD#W[^E5QK!:^%MMB#/*\**7^?<JELD8X! /YCUH U>G2L#PE_P QO_L*S_\
MLM:ME<S3R7"RH@$3! R$D$XR>OID?K65X2_YC?\ V%9__9: .@HHHH *2EJG
M+=R1:A';F$&-XW<.&Y)7'&/QH LM$C[=R@[3N'UIV!Z5G:9JGVY]C"(%HEE
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M@3P,*%P/;C]:MT4 <_HW_(W^(_\ MV_]%FN@KG]&_P"1O\1_]NW_ *+-=!0
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M_M"J6L_\C?X<_P"WG_T6*WZP-9_Y&_PY_P!O/_HL4 =!1110 4444 86H3W
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MHC\W>203E\$G Y ]\?2JNC?\C?XC_P"W;_T6:WP .@K T;_D;_$?_;M_Z+-
M'04444 %9NJQ)--;P+N$TS8W*Y&U%Y8\'\/JPK2I* ,6.YBAUJ20SH(%BD,F
MV<N%P027!^[CD#\:DFN8X=>(28R2&V<^0)1RP*D #. 2,UJ21I(A1U#*>H/>
MG8&<XYH YV"9@E\MV^U_.0C[1,8DW% 2,CH.N!]*GNF9O!-R79F;[!("S=6.
MP\UMXS5#Q!_R+VI_]>DO_H!H /#_ /R+VF?]>D7_ * *T*S_  __ ,B]IG_7
MI%_Z *T* "BBB@ HHHH CB=W4F2,QG.,$@_CQ4E%% !1110 4444 %9.J2VY
MOK>$70AN=R.29MN$#=,9P=V"O3^5:U)@'J!0!BZ[=0FT,D,R&1-V LY5R5."
M$4?>;(QCUXJK>7EPC7S0X>[Q*L:"1M\8$9*G;TQP/Q;K711QI&@1% 4=!3J
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M[XYJ:UMTM;=8D)8#)+-U8DY)/N2: ,71O^1O\1_]NW_HLUT%<_HW_(W^(_\
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M80_KG:,?7BM'2HU%W<2P0M#;-'&JHT9C^<;LG!QV*C\* *>C?\C?XC_[=O\
MT6:Z"N?T;_D;_$?_ &[?^BS704 %%%% !1110 45&/-\XY">5C@Y.[-24 %%
M%% !1110 4PR(N=SJ,'')HE,@B<Q*K2!3M#' )[9-8=K!/;1:CYMIYDA=63<
M-^]RH&>G3)Y/;GTH W0RE=P((]0:1I8UQN=1D9&36>T=M;::^GLK2".$%@(R
MV[)/. .Y!-5EMQ>:3I]JULQ+HD<IDB(**H^8'(XSC'XT ;(D0MM#J6],\UA:
MS_R-_AS_ +>?_18K02W635VF$(1+=<*VS&]VZGWP,#\36?K/_(W^'/\ MY_]
M%B@#H**** "D) !)( '<TM9?B"&XN+"2*&+S(S&Y<!L$D#Y0!CGGG\!0!H^9
M&&V[UW>F>:<2 0"1D]*R_L_GW=F)+<)Y*":1BO5L85<XYQR?P%,N989M1TRZ
MCBE;.3O$+'"LK <XXY(H U/.BY_>)QU^84Y65QE6##U!S68EO%]JN[N2T'EQ
M)Y<:B+E@/F8@8YR0!_P&K.EVQMK)0Z!99"9) !P&/./PX'X4 9?A+_F-_P#8
M5G_]EKH*Y_PE_P QO_L*S_\ LM=!0 4444 )D9QD9ZXI%96&58$>H-9;F%=:
MF/D2'? 5<^0Q#'KC.,'BF:8RVQN/,1BMQ,-A6 QACLY 0\@ +U[T :X="I8,
MI ZD'I1N7 .X8/0YZUS9AE+7!2$BV:2(LRVK("!N^7RSR<?*<]\^U%]#?W%I
M;-]ES'%<1M&J#83B8?,5QQ\H_#)S0!TU%)2T %%%% "$@ DG '<TFY< [A@]
M#GK45[M^RR;UW#'0QF3GL=HY-8$\.S2(%>WE=UODD0K WW?.5F;:!\O&>#VH
M Z5F"C+$ #N:3>N0-PR1D#/6LK4I!=-%L\PQ0S$2XA+X.S(^7N.1V.#]*I-:
MW+RP.BJMP[02,#;L/+"XW -T4$ \<]3ZT ='D$D9&1U%8&C?\C?XC_[=O_19
MJ728+J+6[R2YA*F6WB+2 Y4MNDX!QV! ]@!ZU%HW_(W^(_\ MV_]%F@#H***
M* "D) ZD#MS2UA^((+N9H&C@\V**:!E"MSN\U<DC'0 ?J: -H.A8J&4L.H!Y
MHW+NV[ANQG&>:QXI%L;N=U5V@42R3.UNRLIW9PK8^;.3P,]!4<D.Z\8&"7SO
MM)D,HB/^KV8^]CGCC'7VH VQ)&5+!U('4YZ51U\@^'=2(.0;27_T UENLGV<
M0QPN8(Y8]L_V4@CY6SNCQEAT&<?Q>U6;I63P7>*T9C*V<PP1@_=;G';/7';-
M %SP_P#\B]IG_7I%_P"@"M"L_P /_P#(O:9_UZ1?^@"M"@ HHHH **** "BH
MXO-VGS@@;/&PG&*DH **** "BBB@ II90P4L 3T&>M.K'U>/S;J 1Q%Y%DC8
M@0-E@'S_ *SHH')P?ZT :Y(49) 'O2;EW;=PW=<9YK&U?SK^W#6\)E@0GC)4
MEU?'3'(&#^>>U0RK<K/='[,\TKM)O41$$IL.W;)Z_=7\3Q0!OJRN,JP8>QK!
M\)?\QO\ ["L__LM6=!C:,3AE8@[,2&$Q;N,8VD=L=>^:K>$O^8W_ -A6?_V6
M@#H**** "BBD/2@!%96SM8''!P:7(SC(SUQ6+I[):WEQ,8RL,@BC4K;M$ =Q
M 7:>OWN6]/I5>XMK[SKN1X/WDT/SLI+#&[[H'^[V_P : .@\Q, [UP3@'-87
MCO\ Y%"^_P"V?_HQ:K7<,DR8\AEB42*CBT;YU*IP4 ^4DYPQ' 7WJ;QMG_A"
M[O*E3MBRI.<?.O% '1T444 %%%% #694&68*/4G%!90NXL-O7.>*IZK'&\,3
M2%QY<FY=L)EYVD<J >.:J3/]IL8$F7RYX/+E>,0,Z<Y 4J/H3CMQ0!KEU&,L
M/FZ<]: REBH89'49Z5RHL[I()XIX6>26WVVA6(XC<R2$?[F 8^I_A]JT-/A<
M7D.876>.28SR,A&Y6)P-W0Y^4\>E $?_ #4/_N%?^U:Z"N?_ .:A_P#<*_\
M:M=!0 445'/L\A_-4LF#N !)(^@Y- "F1%4$NH!Z$GK2[EW;=PW8SC/-8"*A
MTJVVQRI)#O"1M:,P)[ C' Z>E32*S:K:2F$*\9W2A867:3&029.C =,?3TH
MV=RA@I8;CT&>:-Z<_,OR]>>E8URRW=[93V\3'+))@VS*Q!'4N>!@'IUXQ4%B
MLL=L8[B'<1'F9WLV.)=P[=7&<G(ST!S0!T(((!!!![BL#P)_R*%C_P!M/_1C
M5H:)&T.G*C(5Q(Y&5*[@6)SM/W0<].U9_@3_ )%"Q_[:?^C&H Z"BBB@ KB]
M%T7^T;C69O[3U*UVZG.NRUGV*>0<D8Z\_H*[2N1TN>>TTGQ)=6[JKP:A=2 ,
MN0<*#B@"]_PBO_4>US_P,_\ K4?\(K_U'M<_\#/_ *U7I]2%DLHF!F,$0GF9
M0%VH<\X[_=/Y4?VDZS7BO"HC@=55BX4'(!YR?>@"C_PBO_4>US_P,_\ K4?\
M(K_U'M<_\#/_ *U:$5_]IDLGBXCFWA@?5>/Y@T7-S.NI1V\;%4,>XD1[N<XY
M]!0!G_\ "*_]1[7/_ S_ .M1_P (K_U'M<_\#/\ ZU73K,?[Q5@D9XI5A=00
M,.QP!U],'Z$4DNM11!5:)O.)<&,L.-A //?J,?7M0!3_ .$5_P"H]KG_ (&?
M_6H_X17_ *CVN?\ @9_]:KTNKHDY1;>5E6*.5VX&U7) X/.>#23ZA+]L@BAC
M(C-SY3R$C!^0DC'7TY]C0!2_X17_ *CVN?\ @9_]:C_A%?\ J/:Y_P"!G_UJ
MO)J$I-F%C\Q9]^YC@$8]LT@UJ$V"W8BDV-:BY"\9VGM]: *7_"*_]1[7/_ S
M_P"M1_PBO_4>US_P,_\ K5>_M=1=K;O ZON57 ()4MTZ=>HSZ9JQ;7JW,\T0
M7:8FP03\W7&<=0#C@]Z ,G_A%?\ J/:Y_P"!G_UJ/^$5_P"H]KG_ (&?_6KH
M** .?_X17_J/:Y_X&?\ UJQ_$6@?9?[+_P")OJLWFZA%%^^N=VS.?F7CAAV-
M=Q7/^+?^8)_V%8/_ &:@ _X17_J/:Y_X&?\ UJ/^$5_ZCVN?^!G_ -:N@HH
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MZ4 0_P#"*_\ 4>US_P #/_K4?\(K_P!1[7/_  ,_^M6]&V^-6!!W '(.13J
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M7)^]UZ^WO571O^1O\1_]NW_HLT '_"*_]1[7/_ S_P"M1_PBO_4>US_P,_\
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M03BLOP)_R*%C_P!M/_1C4 =!1110 5PVG3ZB?[=M+;1/[0M9M0N%D?[4L77
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MOT[BG27<,=U%;,3YLN=HVG' )Z].QH YF-M6CW;/"CC<C1C_ (F:G:K=0O\
M=' Z8Z"K::IX@1%1/"P"J, "_CX'Y5J+JMJRLRE\!=P.P_.,XROKSC\Q4RW:
M&2)"DB&4-MW+CD=OZ_@: ./\.ZCK,/\ :GV;0?M&_4)7D_TQ$\MSC*<CG'K6
MQ_:_B+_H5_\ R?C_ ,*/"7_,;_["L_\ [+704 <__:_B+_H5_P#R?C_PJ*XO
MM<N4*3>%%<'UOX_\*Z6B@#F3>ZV9TG_X1-1(@(5A?QCKC/;VI@NM>2."./PP
MRQ0G(4:BGS<$<GOU)^M=310!RSW&L.)@?"0Q, ) -0C&X#MTI9[O7+AU:7PN
MYVX^4:FH4X.>5'!_&NHHH Y_^U_$7_0K_P#D_'_A1_:_B+_H5_\ R?C_ ,*Z
M"B@#G_[7\1?]"O\ ^3\?^%']K^(O^A7_ /)^/_"N@HH Y:6?6)BQ?PDN6782
M-0C'&<]AP<]Z3SM7-L\#>$]R/G<6U%"QSU^8\UU5% '*&?76\S?X;F.]]_RZ
MHJ8X P,=L <?C3DN-91HBGA0JL0"QH-238N.F%Z?I74T4 <Q!>:[;N[IX7<N
M_5GU-7./3)S@>U9VFZCK*>(]:DBT'S)Y/(\V'[8@\K"';\V,-D<\=*[BN?T;
M_D;_ !'_ -NW_HLT ']K^(O^A7_\GX_\*/[7\1?]"O\ ^3\?^%=!10!S<VH^
M()XRC>&7 /=-213^8YJ"2769!"#X6D40G*!-45<'UXZGD\^]=710!R,K:W)+
M/*OAJ9)9T\MW&JK]WG@#H.IQCIFI!/K(N?M'_"*MOW;\?VFNW=C&=O3./:NJ
MHH YF.]UN*$0KX378"3@W\9Y)R3R/<U4O[S6(/#MS9CPU]GM4M7CW?;D;RTV
MD9QU.!^==C6?X@_Y%[4_^O27_P! - &'H^J:['HUBD/ASSHEMXPDGVY%WC:,
M'!'&?2KG]K^(O^A7_P#)^/\ PK0\/_\ (O:9_P!>D7_H K0H Y_^U_$7_0K_
M /D_'_A1_:_B+_H5_P#R?C_PKH** .:N+_7;F+RY?"Q*Y!&-10$$'(((Y%0)
M-KD;?)X:E"[&7 U1<DL022>I/ Y[5UE% '*^=K7D^5_PB\H7<6;&JC+'W/4_
MC4JWVNI-YJ^%</L$8_XF$> H[ 8XKI:* .?_ +7\1?\ 0K_^3\?^%']K^(O^
MA7_\GX_\*Z"B@#G_ .U_$7_0K_\ D_'_ (4?VOXB_P"A7_\ )^/_  KH** .
M8N;S7+M4$WA8_(VY&74D5E.",@CD<$C\:A!U8%<>$V & 0-44!L$GYA_%R3U
M]:Z0WL8,H"2OY3A&V(6YP#V]B*B&JVC;"KLRNJMN"'"ACA<^F: ,!Y-<EA2.
M;PU,^QS)D:JJ_,6W9X]#T]*4/JXF\T>%7W;BP_XFBX5B""P'0'!/(YY-=)/=
MI!,D161G<%@$4G@8R?U%1G4[59'1G90FX%RIVY4989]1S^1]* ,6WOM=ME81
M^%V^8Y9GU)&8GW)YK-\.ZCK,/]J?9M!^T;]0E>3_ $Q$\MSC*<CG'K76)J,#
ME0!(,N$.Y<8)&03GL>GXUE^$O^8W_P!A6?\ ]EH /[7\1?\ 0K_^3\?^%']K
M^(O^A7_\GX_\*Z"B@#G_ .U_$7_0K_\ D_'_ (5 UYKK7(G;PN[.O0'4U*@]
M,A>F??%=%<3);6\D\I(2-2S8]!43WT4<R12"1"YP"R';G&<9Z= : , W6O>4
M(X_#+1KYOFMMU%,L=V[K]?TXJ-VU=Y)G?PM(QF&'SJHP<'(QZ8/3'2NDM;Z"
M[.(BWW0XW(5W*>A&>U,_M*W"/(WF*B-LW%#AFW;<#U.>* .=)U8KC_A%9,EB
MQ<:HH=B0 <MU/  _ >E4_%5]J\GAFY@N= %G;80&47:/L =<?*!D]A76/JUH
MB@L9,X<E/+.Y0N-Q(]!D?F*Q_&MPDWA/4U7.8S$#GOET((]N: )O[7\1?]"O
M_P"3\?\ A1_:_B+_ *%?_P GX_\ "N@HH Y_^U_$7_0K_P#D_'_A58W&MF[-
MU_PC$OFD;?\ D*KC'ICI74T4 <K!-K,$;HGA5F5R682:FK\GJ><XZTU9=<4%
M5\-2K'L1%5-45=H7..GU.3WX]*ZRB@#E&EU9K=(&\(J8T96 .H)G(;<#GJ>1
MGWJ>/4->B>1T\+8:5MSG^T$.3@#T]!7244 </_:.L_\ "9>=_8/^E?V?L^S_
M &Q/N>9G?NQCKQBMC^U_$7_0K_\ D_'_ (4?\U#_ .X5_P"U:Z"@#FKF^UZZ
MA,4OA=BA()VZDBG@YZBH1<:\#_R+DY79L .JKD9.2<]<]*ZNH'NHTG>(YRD?
MF,0,X&<#\\'\J .:\S6?*\K_ (1>7:6+-_Q-1ER>NX_Q=.]*TVM>>9D\*E9#
MR,:BFT-C ;;TSCO6^VI6ZVBW6)3$RELB-CM ZD\<4[^T+?[0(0S$E@FX*=H8
MC(&>F<?SH YM#JZF,GPM(Y0)][5%(8KC:6'0D8')]*D,^LF664>%"DDJ+&S)
MJ**=H)(''3J:Z&>]CMY%21)1N94#!"1DG Y_&HXM3MID+1>8XVAUQ&QWJ3@%
M>.10!BV=YKEE;1V]OX6811C:H;4D; ],FI_ G_(H6/\ VT_]&-6M!?P7#1B/
M<1)OP2N,%3A@?0@_R-9/@3_D4+'_ +:?^C&H Z"BBB@ KE-#M&O(-7B4X UN
M1V^8J<!E)P1SFNKKG_"7_,;_ .PK/_[+0!))HTXA@C4I(D/FIL9\;U8@AB2I
MRV!@^N2<U8;3Y1<Y58GC:%(]TC$M$5SR..>OMR*U** ,:/296MY(W6&!O(6)
M#$<C<IRKG@=#T'-0_P!BW#2K+*4D:51YRB7:%;<6)4[3GJ!V^Z*WZ* ,IM+<
MR32 1;Y+M)MW?8NWCI_LFB#39(M3:=P'3S&D5_,P>1C!7;SZ=>PK5HH H:5:
MS6D3I*$5,CRT5MVT8Z;L G\>?>K]%% !1110 4444 %%%% !7/\ BW_F"?\
M85@_]FKH*Y_Q;_S!/^PK!_[-0!T%%%% !1110 5'+&94VB1T]T.#4E% "4M%
M% '/Z-_R-_B/_MV_]%FN@KG]&_Y&_P 1_P#;M_Z+-=!0 55U2%[C3+F&/EWC
M8*/4XX%6J* ,R:VFN;J"XBC2$91VEWL'VCDJ5QCGIR>]2I%/ \]QL62>:55
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M/Z-_R-_B/_MV_P#19H Z"BBB@ HHHH *C:,M*K^8XV_P@\'ZU)10 5G^(/\
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M1B=G")GDY(XP.@QVZ\\-DTR62>1_(A2(@GREG;$C[PP<G'RD$$\ \FMFB@#
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M:5C5;LQO)Q@K@XS@XZX'UQ6[1@8Z4 8JZI.9F >-FS*'@Q\T07.UCWYP.O\
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M5[# 3'UJ"262?6O",LPQ*\,S./<Q+FNHEC26-XW&5=2K8..#[U@ZN OB[PX
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MJ%1551V48% #JY_6?^1O\.?]O/\ Z+%=!7/ZS_R-_AS_ +>?_18H Z"BBB@
MK-:^G_LZ2\5(0JF1OG<@;5) ['DX_6M*LW^S&>V2![AT6*5G38%.1DE00P(X
MS^@- !+JA2^LK98<^>VV0DX\LE&<#W/RG]/6I;VYN+>6(1I$XED5%4L0QSU/
MX $_A3)=)MI)H+A@3/#)YN_@>8VTKEL#W[>@J:*T(>WEFE:66&,KD\ DXRV/
M7B@"K<:I-:R2QRPQE@(]FQR>7?8H;CCG^M+#J3M=I!*J*WG- P4Y^?8'7'MM
MS2G2%9)D>ZG<2N)#D)D.""K9VYR,#&<CBG+IH2Y@DWF3RY&F=WQN9RNT'@ ?
M=)'X"@#/\)?\QO\ ["L__LM=!7/^$O\ F-_]A6?_ -EKH* "BBB@ HHHH :&
M4D@,"1U /2G4Q8T5F944,WWB!R:?0 4444 %%%% &=>:D]L\^(PR1"(9S_$[
M8R?0 8)J!-8DF+Q6\44DT8D+D2?(0N.AQU.X?3FKK6LANKATEV),BC*@;E89
MYY!'((_*H3I$>%*SS))AE>1=N7#8SGC'8= ,8H ?<Z@(].2YA3S&E0-&F<;L
MC/Z#G\*@.JR9+B!3$C1+(=WS OCH,=!N'ZU.=,BEC=+@"1<D1#'^J7:!@?EG
M\:8-'@5E"R2K$"A:($;7*?=)XSV'0]J *RZV[P74OEQJ+9=\@R24 8[E/O@'
MI4&C?\C?XB_[=O\ T6:M/HB"T>!)I) T7V<"4C"QDC<.!DG'KFJNC?\ (W^(
MO^W;_P!%F@#H:*** &R.(XV=NB@DUCR:V\"(9XXT(@2=]SXSN)RJ>I&/U'K6
MQ(@DC9&Z,"#5%=/>2VMXKF=B(D"NBA=LF.YR,C/H#0 EOJ+S7$0:)5AF>1(V
MW?-E">H]\$T76J"WNS'Y6Z)(W:20'H57=M ^G\Q0=+V!_(N)4;Y_*!P1$7/)
M'')Y.,YI\VD6<TOF-$,G=NQQNW#!S0!5EUB:W!6XAC1ML;[PY**KDCGC/!&.
MG<>]5]4OVGT2\2153S]-FE0 YZ#!_#YEJ[_8R;ED-U<-.A79*=N5"@@#&,$?
M,W4=_I5/5].6WTB_<'<D6GSHA)^8E@68GCV% %_P_P#\B]IG_7I%_P"@"M"L
M_P /_P#(O:9_UZ1?^@"M"@ JO<3M'<6T2*"97(8GLH4DG^0_&K%5[B!Y)[:5
M& ,3DL#W4@@C^1_"@"BFK,8F)6(RET18@Q!!9MH+9'3Z5-_:+)874\D2^9;,
MRLH;Y<CD'..!@@^U$FEK,2TUS-)+QLD.T&/!W#&!CJ!USTI\5E)$QV7,@5E;
M<<*69V(^8\8X P.W- %?^UG-M.\<<4K02A'*2?*00#D''OC'J*FGOVAU*"UQ
M$WG'  <[P-I.XC'3(Q2/I2O:O +F93(VZ20!-S=,?PX'0=!VJ5K$R2QO+<S2
M+&0P0[0"P&,\#/OUQ0 ZPN3=6BR-MWAF1]O3<K%3C\0:LU6T^V-K:+&V-Y9G
M?;TW,Q8X_$FK- !1110 4444 -9E099@H]S3J8\:2+MD17'7##-/H *Y_P )
M?\QO_L*S_P#LM=!7/^$O^8W_ -A6?_V6@#H**** *]].;6RFF50S(I*J>Y[#
M\ZKM?M'>F"4Q* !R207.,G;V_#-6;Z W5G-"K;6=2%8C.#V/YU'+9&XD1YYI
M&0$-Y(V[ P'KC/ZT 16%_)<R1K+$J":$3Q[6R=I['CJ,C\ZBM]6:>X\E8XB[
MJY1!)\PVMC#<<=?T-21:8;<((;F7*;$4OM)6-3G:..^,9/.*E%C^^>8W$IE*
ME48A/W8.,XX]AUSTH J3:N\>DP7WEPYD3=Y;28+-V5>.2:SO&D[/X:U>!PH,
M1A*X_NEUZ_B#6NNE;;%;,7EQY(4H1A/F4\8/R_RYYK&\96IA\,:M*<8?R50#
MLJNN,_B30!U5%%% !1110 4A( R3@"EI" 000"#U!H %8,,J00>XI::B+&H5
M%"J.@ P*=0!S_P#S4/\ [A7_ +5KH*Y__FH?_<*_]JUT% !50W,C7LT$:*PB
MB5SDX)9B<#/;[I_.K=5#:O\ ;9IDDV+-$J$C&Y64G!&1C^(_D* *IU<B"U++
M$DTX9B&8[5"G!/ R>HJ2+5%FO3 K0[5(7=O/S,5W?+QCH?QYH320D,:+>7 :
M/<%D^3=M;JOW<8XSTS2KI4<3 PR2*B[6$1(V;E4*">,] ._:@!+C4GAN) L*
MM##)''(=V&RY'('H-P_6FP:I)<W=W## &$,:/&Q?'F;BP].!E#SW%.&DJ2K2
MW,TG^K,H^4"5TQACQGL.A XI8](MX)Y9K8M \D2Q?)C"A23P"#Z_I0 EEJ+7
M,6G3,BHM[#OVYR5;:&QGN,9_*J'@3_D4+'_MI_Z,:K]KIGV46,2RM)#9H50O
MC=G 4= !P,U0\"?\BA8_]M/_ $8U '04444 %<YX6D2&/7))75$759\LQP!]
MVNCKD]#BEDCU5XD,AAUN60Q@@%P,<#/&><_A0!TT5U!,NZ*9&&[;P>_I]:=#
M-'<(7B<,H9D)'JI((_,&L>XLYKF62Z>UD ,L1$(=0Y"Y!/!QGGUZ"BPT^YMV
M#JK1R/-<EB7R,,[%#C/T/^30!N5%/<0VR!IY%C4G:"QZGTK&@LKP6%Q&?M"R
MLB+RX&2#RP(8G/N<=JO7UG(Z6<=ME!%,&+9!*C:PSSUZB@"]'(DL:R1LKHPR
MK*<@BG5BG3)HC=" R$"%5A)DQEB6WGCH3GK4-S'-'Y1\F=(9;M=L'F#<0$;(
MX;&"1TS_ #H Z"FNZHA9V"J.22< 5@266HM;6ZR><R@2@HC NF6RG.X#Y5XS
MDU/?Z;/="^R'<M;HL.9, M\V> <9Z4 ;5,61'=T5@60X8#L<9_E64J3?VM%"
M@D2W9%G=6;)0J-NT\GK\I_X":6XL[B2:ZVJP26YA;*OM)0!0W0Y[&@#7HK%-
MK<HD:R0RS0)-+^Z20 [2?D.21P!VSQD>E$%M?"^C9DD4K-(TDI<%9(B&V(!G
M.1E>W\)]>0#:HKG[/2KF.QA,@F^TBUCWYG)_>CJ>O7WJS;VUTNKO++YVWS&(
M<$;"I'"GYL\<=NHH UZY_P 6_P#,$_["L'_LU=!7/^+?^8)_V%8/_9J .@HH
MHH **** "BBHY5D9,12"-O4KF@"2BDI: .?T;_D;_$?_ &[?^BS705S^C?\
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MG![MM/XT 1>$O^8W_P!A6?\ ]EKH*Y_PE_S&_P#L*S_^RUT% !1110 4444
M%%1HL@=R\@93]U=N-OX]ZDH **** "BBB@ HHHH **;(&9"$8*QZ$C.*$#!
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M#CI0 M%,C#K&!(X=N[ 8S^%/H Y__FH?_<*_]JUT%<__ ,U#_P"X5_[5KH*
M"BBB@"L;ZV5 [3*%+,H)[D'!J07,!N!;B5/.*[_+W?-M]<>G(K(CBE.EVXCC
MN&N(@Z;XF5=KYP<[CZCWJ5TN$UFUN)+=BD5M(DTR[0I9C&<XSG'RGM0!HM=6
MZ3K TR"5N A/)IJWUHWF%;B,B(9<[A\H_P BJ,ZW-Y-9R)!<1@%)"KE-B\<Y
MP=VX9QZ9Q5!-,O39VD;0R(UG D389<S$.A)4Y]$.,XZT ;T=U!*Z(D@8N"RX
M[@8!_F*QO G_ "*%C_VT_P#1C59A%Q]KLUE\P,'E?#D%A'C !(XZD56\"?\
M(H6/_;3_ -&-0!T%%%% !7%Z+HO]HW&LS?VGJ5KMU.==EK/L4\@Y(QUY_05V
ME<CI<\]II/B2ZMW57@U"ZD 9<@X4'% %[_A%?^H]KG_@9_\ 6H_X17_J/:Y_
MX&?_ %JO3ZD+)91,#,8(A/,R@+M0YYQW^Z?RH_M)UFO%>%1' ZJK%PH.0#SD
M^] %'_A%?^H]KG_@9_\ 6H_X17_J/:Y_X&?_ %JT(K_[3)9/%Q'-O# ^J\?S
M!J'5=0N+6Y6.$C[@8*8RP8E@,$]%'N: *O\ PBO_ %'M<_\  S_ZU'_"*_\
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M ,(K_P!1[7/_  ,_^M1_PBO_ %'M<_\  S_ZU=!10!S_ /PBO_4>US_P,_\
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M-+)J,\*$!8H5(!'!9BW7Z;?UK/FU>:'1O-9X?M;>;C/"X0G)QGV'XD4 1_\
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MNVYT=XF;&,E&*D_I5N@#G_\ A%?^H]KG_@9_]:C_ (17_J/:Y_X&?_6KH**
M.?\ ^$5_ZCVN?^!G_P!:C_A%?^H]KG_@9_\ 6J^;F=DNY%<A8YMB!83(< #/
M [Y)_"J7]K78AAF=54&.)L+$S!V)PPR/NXH ;_PBO_4>US_P,_\ K4?\(K_U
M'M<_\#/_ *U:&I7,UM)&X)2V",TL@CW[<8QGGIC=^54YM6N(;K8P4!WD1%:,
MJH"H65R_3!V_K[&@"/\ X17_ *CVN?\ @9_]:L?P[H'VK^U/^)OJL/E:A+%^
MYN=N_&/F;CECW-;D.J3F$2RL5"SQ(4:/8Q#X7D<\9;@^U1^$O^8W_P!A6?\
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M8!"3M<D+]>0:$U.V:X6#+JY(7!7HQ&=I]\4 9,.HZ]!"D,/A4)'&H55%_'@
M=!TI_P#:_B+_ *%?_P GX_\ "MFVNH[D.8PVU3C<1@'Z?E4] '/_ -K^(O\
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M4L$80LTSE?H "2?T_6@#G_M>N"*2-?"[J)'+L5U-0Q).>HYJ))M<0@)X9E5
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MC&">N>OTJPOB?PTLUM,-4<20(R B!AN5B"00$QU4=,=*V_["T?\ Z!5C_P"
MZ?X4?V%H_P#T"K'_ ,!T_P * ,4^*O#WVUKI-8EC+A5=! Q5@,XZIGN>]49=
M<\/"6U:VUB1-D_FRL8G))\MU+#Y,;B6&>W%=1_86C_\ 0*L?_ =/\*/["T?_
M *!5C_X#I_A0!SS:]X7\N)4U1U:-2N_[.S%LG)SN0C.>>!4MQXE\,7!<OJ;C
M?)%(<0OUC8,/X?;FMS^PM'_Z!5C_ . Z?X4?V%H__0*L?_ =/\* .?7Q!X86
M<2#5Y0BN\BQ>2VT,X.X_<S_$3U[T_P#X2/PN/LV-3<?9X3 /W+_,A R#\O\
MLCIBMW^PM'_Z!5C_ . Z?X4?V%H__0*L?_ =/\* .<CUWPPOF;]9GE+I$F6A
M;@1L67&$'KS4R^)?#*7S72:FREVW,GV=B"<8SDID< =#6[_86C_] JQ_\!T_
MPH_L+1_^@58_^ Z?X4 8MKXI\-6UQ/.-4=WGQNS X'&<<!!SSUZ]/2K7_";>
M'?\ H(?^09/_ (FM#^PM'_Z!5C_X#I_A1_86C_\ 0*L?_ =/\* ,_P#X3;P[
M_P!!#_R#)_\ $T?\)MX=_P"@A_Y!D_\ B:T/["T?_H%6/_@.G^%']A:/_P!
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M+'^&6VD96'H1@5L?V%H__0*L?_ =/\*/["T?_H%6/_@.G^% &/8^+?#MG:)
M-3W!<\^1( ,G. -O &< >E6/^$V\._\ 00_\@R?_ !-:']A:/_T"K'_P'3_"
MC^PM'_Z!5C_X#I_A0!SJ^)="6\ENEU>))6C9!Y=G(H))!#/Q\Q&..G4^M%SX
MB\.RV45I'J40CC3;NDM)'8'^\IP,-WSZUT7]A:/_ - JQ_\  =/\*/["T?\
MZ!5C_P" Z?X4 <_/XKT6YB:.34;<A9/W?FVDCD+MQD].2<G/H<5%_;GA?=;+
M]OA\J )C_1)/,)0Y'S8]?:NE_L+1_P#H%6/_ (#I_A1_86C_ /0*L?\ P'3_
M  H P[3Q9HD%W<S2ZM&ZSL&VK:RJ1@ #GGL*IZ;XIT:#Q'K5W+>;8+GR/*;R
MG.[:A#<8R.?6NH_L+1_^@58_^ Z?X4?V%H__ $"K'_P'3_"@# NO%.A7-[$[
M:G$(HF#JPM9/,!!Z!L=#WXZ<5?\ ^$V\._\ 00_\@R?_ !-:']A:/_T"K'_P
M'3_"C^PM'_Z!5C_X#I_A0!BZAXL\/W<"QKJBKAPQ#VTC*X'9A@9'^%5$\1Z-
M$MNBZU&R0DL$>SE(W$DC&,< ' '.,5TO]A:/_P! JQ_\!T_PH_L+1_\ H%6/
M_@.G^% './XJTI+Z[O(=7A+S0K$B&TE^7:6*DGO]\Y^E+-K_ (8EG\S^U9 &
M+EU\J4AMPQZ<5T7]A:/_ - JQ_\  =/\*/["T?\ Z!5C_P" Z?X4 <N-<\/Y
M21M5@,\938?L,FSY0PY&.20YYR.U2W?B?01X<N[&'4/-ED@E50('4,S \#C@
M9-='_86C_P#0*L?_  '3_"C^PM'_ .@58_\ @.G^% &%I/B_0[;1+*WDU#RY
MHK9$8>2YVL% /0<\TFG>*M!MGFFEU*,238W)%;2*@QGG&#R<\GV'I6]_86C_
M /0*L?\ P'3_  H_L+1_^@58_P#@.G^% &?_ ,)MX=_Z"'_D&3_XFJMUXQT%
M[FUECOPPC<AP89/NE2,_=]<5M?V%H_\ T"K'_P !T_PH_L+1_P#H%6/_ (#I
M_A0!RJ:QX=6%8_[5B A4+#BSD  #!ANX^;[H';OZU-_PDNA-!+:OJD?DS*[.
M5M9!\Y(Q@8X P>O7-=)_86C_ /0*L?\ P'3_  H_L+1_^@58_P#@.G^% '-+
MXBT1)OM,6L0I<;CDBRDV8*@?=ZY^4'.:?;^)-#MIK?9K"-#!&(T5[64L!CDY
MZ9/KC^N>B_L+1_\ H%6/_@.G^%']A:/_ - JQ_\  =/\* ,32_%WA^VL@CW^
MUW=Y67R9#@NQ8C[OO1J/B[0KJ$11ZA 58X=9K21QCUQ@<BMO^PM'_P"@58_^
M Z?X4?V%H_\ T"K'_P !T_PH R[?QCX=@MXH?[39_+0+N:&0DX&,GY>M2?\
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M1028XWV\A!]B,"HM/\6>'K.W\LZDN68L0EO(JKGLHQP*VO["T?\ Z!5C_P"
MZ?X4?V%H_P#T"K'_ ,!T_P * ,__ (3;P[_T$/\ R#)_\35,^+=&_M(W(U>+
MR_+V!/LDN<=>OU]JW/["T?\ Z!5C_P" Z?X4?V%H_P#T"K'_ ,!T_P * .;B
M\0Z 8F2YU@,?->5&BMY4VELY]<]:?!XJT>&V6U3583%%&B(9;65]Q&=Q(XXZ
M8],&NA_L+1_^@58_^ Z?X4?V%H__ $"K'_P'3_"@#EGU?PTUK'&-8D6171BR
MPRA2%DWX"XX&<@>G'7%:,/B[P\EU/<-J>YI-JK^XD&U0.G3U)/XUL?V%H_\
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
C "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH _]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
