Leagold Mining Corporation announced that it has filed the report entitled Independent Technical Report for the Los Filos Mine Complex, Mexico which presents the results of the Expansion Feasibility Study. The Expansion Feasibility Study was prepared by independent consultants and incorporates the potential for: development of the Bermejal underground mine, enlarging the Los Filos open pit, re-phasing of the Bermejal open pit into two distinct sections (Bermejal and Guadalupe), and constructing a carbon-in-leach (CIL) processing facility to complement the existing heap leach facilities. Highlights of the Expansion Feasibility Study include: Gold production of 3.2 million ounces (Moz) over a 10-year mine life (2019 to 2028) at an average AISC1 of $740/oz. Post expansion (2021 onwards): Average annual production of 350,000 oz at AISC1 of $694/oz. Average annual production exceeding 420,000 oz from 2021 to 2024. Proven and Probable mineral reserves of 104.2 Mt at 1.31 g/t containing 4.5 Moz2. Capital cost of $180 million to develop Bermejal underground and construct a new 4,000 tonne per day (tpd) CIL plant with related infrastructure. Current operations to fund capitalized stripping during the initial expansion phase (2019 to 2020) at the Guadalupe and Los Filos open pits. At $1,250/oz gold price: NPV0% of $884 million. NPV5% of $679 million. IRR of 86%. Bermejal underground has an approved environmental impact assessment (EIA) and the restart of development is fully permitted. The EIA for the CIL plant and tailings deposits has also been approved, subject to confirmation of final locations of both facilities, and the EIA for the Guadalupe phase of the Bermejal open pit has been submitted for approval. With many of the required approvals in place or well advanced, the Los Filos Expansion can start shortly after Leagold makes its final investment decision. Summary results of the Expansion Feasibility Study were previously announced on January 16, 2019 (January Summary Results) and, during the completion of the Expansion Feasibility Study report, several more opportunities to enhance the plan were identified. The open pit designs have been further optimized leading to a 10% increase in open pit ore grades to 0.89 g/t from 0.81 g/t, with a 9% reduction of total open pit material mined. While total gold production is minimally reduced, the optimized open pit designs reduce mining costs and improve cash flow generation. Processing costs were also reduced with lower volumes of low-grade material being processed and from unit cost reductions due to a refined costing approach that recognizes the current heap leach costs at Los Filos will normalize to lower levels over time. At $1,250/oz gold price, the expanded Los Filos Mine Complex's life of mine is expected to generate net cash flow of $884 million, which has increased 18% or by $132 million as compared to the $752 million reported in the January Summary Results. The mineral reserve estimates are based on a gold price of $1,200/oz gold and were evaluated by SRK using cashflow modeling at that price and found to be economic.