Historic Production in Montana: an Equities Roundup for Broadway Gold Mining (BDWYF)

Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB:BDWYF) (“Broadway” or the “Company”) owns a 100% interest in the Madison Gold and Copper Mine (“Madison Mine”), subject to underlying royalties, located in the heart of a prolific gold belt in the Silver Star Mining District of southwestern Montana. The property covers 450 acres with extensive underground development and facilities. It is a is a gold copper skarn deposit associated with a deeper copper gold porphyry deposit, which consists of six federal patented lode claims and 35 under-explored, unpatented mineral claims.

The Madison Mine also hosts the Broadway Gold Mine, where historic production from the 1880s to the 1950s yielded an estimated 450,000 tons averaging 0.32 ounces per ton (oz/t) gold from 6,000 feet of underground workings to a vertical depth of 750 feet.

Broadway believes the Madison Mine project presents an exciting opportunity as the area has never been fully exploited or explored. The Company has also identified a series of existing high-grade gold and copper zones that remain open for expansion.

Madison Mine

Located in the heart of a prolific gold belt in the Silver Star Mining District, the Madison Mine Project is 38 kilometres southeast of Butte, Montana, the location of the world renowned Butte copper mine. The property covers 450 acres with extensive underground development and facilities. It is a gold copper skarn deposit associated with a deeper copper gold porphyry deposit, which consists of six federal patented lode claims and 35 under-explored, unpatented mineral claims. In addition, the project has a 192-acre ranch, together with permits, rights, interests, mining equipment, buildings and fixtures and an exploration database that includes 101 drill holes, multi-element and gold assays from rock-chip sampling and bulk sampling, and detailed geologic mapping.

The Madison Mine also hosts the Broadway Gold Mine, where historic production from the 1880s to the 1950s yielded an estimated 450,000 tons averaging 0.32 ounces per ton (oz/t) gold from 6,000 feet of underground workings to a vertical depth of 750 feet.

Broadway believes the Madison Mine presents an exciting opportunity as the area has never been fully exploited or explored and the Company has identified a series of existing high-grade gold and copper zones that remain open for expansion.

Gold and Copper Shipments 2008 to 2013

Drill programs and bulk sampling were completed by the previous owner at the Madison Mine between 2005 and 2012, stockpiling oxide gold, massive sulphide gold and copper mineralization for subsequent mill shipment. A crushing plant, certified weigh scale and sufficient power exist on the current property.

In 2008, the first oxide gold averaging 0.694 oz/t was shipped to Barrick Gold’s nearby Golden Sunlight Mine in Whitehall, Montana.

The first sulphide gold averaging 0.71 oz/t was shipped to Kinross Gold’s Republic Mine in Republic, Washington in 2009.

Based on data from 12 shipments, the gold recovery had an overall average of 83%.

Historically, approximately 20,000 tons was shipped as bulk samples during underground development and trial mining. The previous owner did not calculate a mineral resource or reserve estimate.

Surface and underground drilling confirmed the existence of the high-grade gold and copper zones prior to bulk testing. Highlighted intercepts include:

The drill intercepts were summarized by Broadway from the previous owner’s drill hole database. These historic drill intersection highlights are down hole lengths not true width lengths. True width conversions were not included in the drill hole database. Broadway management believes the majority of these drill intersections were subsequently bulk sampled by the previous owner.

Workings remain open and all permits from the bulk sampling programs remain in good standing. The Madison Mine’s Small Miners Exclusion Statement (SMES) allows for maximum surface disturbance of five acres, but with no upper limit on the amount of bulk sampling per year.

Management

Steve Hanson
Interim President & CEO

With over 20 years of finance and corporate development experience, Mr. Hanson has been President of Discovery Management Services Ltd. since 2002, a venture capital consulting firm assisting early-stage companies in the development of short and long-term financing strategies. He is currently a Director of Mexico-based Tonalli Energia and President and Chief Executive Officer of International Frontier Resources. From March 2010 until August 2016, Mr. Hanson served on the board of Argentex Mining Corp., a TSX-V advanced silver junior focused on the Pinguino Project in Santa Cruz, Argentina. Argentex was recently acquired by Chilean miner Austral Gold in August 2016. Mr. Hanson served as Chairman and Managing Director of Van Arbor Asset Management, an award-winning equity money management firm from 2004 until 2008, which he founded in 2003. Van Arbor Asset Management was bought by ZLC Private Investment Management in 2008. In 2009, Mr. Hanson served as President and CEO of PanAsian Petroleum, which was acquired by Ivanhoe Energy during his tenure. In 2011 and 2012, Mr. Hanson was a Director of Lion Petroleum Corp., a private oil and gas company focused on East Africa bought by Taipan Resources. He has also served on numerous private and public company boards.

Duane Parnham
Chairman

Mr. Parnham brings a wealth of knowledge, experience and international contacts to Broadway and has over 30 years of experience in the mining and hydrocarbon industries. He has spent his career developing and founding several resource-focused companies, including but not limited to Temex Resources Corp., Forsys Metals Corp., Giyani Gold Corp. and Canoe Mining Ventures Corp. Mr. Parnham was also the founder and Chairman of UNX Energy Corp., a junior oil and gas company that was sold in 2011 to HRT Participações em Petróleo S.A. for CAD$730 million. Mr. Parnham currently serves as the Chairman of Nevada Zinc Corp. and Giyani Gold Corp. as well as holding directorships with Canoe Mining Ventures Corp. and Evolution Optiks, a private technology startup. He specializes in finding, exploring and securing undervalued assets at an early stage and applying the wealth of knowledge, experience and skills he has gained in his career to create and maximize shareholder value. To date, this includes over C$1.2 billion in shareholder value for companies in which he has been directly involved.

Timothy Henneberry, P. Geo.
Director

Mr. Henneberry, P.Geo. is a Professional Geoscientist registered in British Columbia. He has over 35 years of experience in both exploration and production and as a member of executive management with public companies. Mr. Henneberry has extensive experience in mineral exploration and development for precious and base metals, as well as industrial minerals. He has worked in western and northern Canada, the southwestern United States, Africa and South America.

Mr. Henneberry was a founding Director, President and Chief Executive Officer of Appleton Exploration Inc. from 2006 to 2011 and founding Director, President and Chief Executive Officer of Indigo Exploration Inc. from 2009 to 2011, raising in excess of $11 million dollars for the two companies. He is currently a Director of Sojourn Ventures Inc. and Quadro Resources Ltd. and sits on the advisory boards of Anfield Resources Ltd., Canadian Zeolite Corp. and Tasca Resources Ltd.

Suzanne Wood, MBA
Director

Suzanne Wood is the founder and CEO of Wood & Associates, a leading small cap management and corporate finance services firm with over 25 years of experience in the financial and corporate sectors. The firm provides management and corporate finance services, including the preparation of financial statements and financial reports in compliance with various regulatory compliance requirements. Ms. Wood also provides general consulting services to companies seeking to restructure or further develop their business model or to engage in the acquisition of new business opportunities or merger candidates. A former Certified General Accountant (CGA), she has served as a director and officer of numerous private and public companies in a variety of business sectors both in Canada and the United States.

Donn Burchill, CMA
Director

Mr. Burchill has over 25 years of public issuer experience. In addition to being a self-employed accountant, he is a currently a director and officer for several public companies. Mr. Burchill’s background also includes work as Controller for Quest Capital Corp. from 1994 until 1997 and as CFO of Kernow Resources & Development Ltd. from 2009 to 2010. He received his Bachelor of Arts from the University of Victoria in 1976 and his Certified Professional Accountant-CMA designation in 1983.

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