COMMITMENTS

The following table discloses, as of March 31, 2018, the Company’s contractual obligations including anticipated mineral property payments. Under the terms of the Company’s mineral property purchase agreements, mineral leases and the terms of the unpatented mineral claims held by it, the Company is required to make certain scheduled acquisition payments, incur certain levels of expenditures, make lease or advance royalty payments, make payments to government authorities and incur assessment work expenditures as summarized in the table below in order to maintain and preserve the Company’s interests in the related mineral properties. If the Company is unable or unwilling to make any such payments or incur any such expenditure, it is likely that the Company would lose or forfeit its rights to acquire or hold the related mineral properties. The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:


	Payments Due by Year
	2018		2019		2020		2021		2022		2023 and beyond		Total
Mineral Property Leases⁽¹⁾	$	384,668	$	429,688	$	434,783	$	439,955	$	445,204	$	450,532	$	2,584,830
Mining Claim Government Fees		114,825		114,825		114,825		114,825		114,825		114,825		688,950
Total	$	499,493	$	544,513	$	549,608	$	554,780	$	560,029	$	565,357	$	3,273,780

Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.