Escobal Mine

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This is the property boundary for the Escobal mine which is owned by Tahoe Resouces Inc. through their wholly owned subsidiary, Minera San Rafael, S.A. (MSR). Tahoe acquired the Escobal deposit from Goldcorp through a transaction completed in June, 2010. Tahoe also established a profit sharing program that provides a 0.5% net smelter return (NSR) to an association of the former land owners of the Escobal mine property.

The deposit is deposit is an intermediate-sulfidation silver-goldlead- zinc vein deposit which mined using underground longhole stoping methods. Ore is processed by differential flotation which produces metal-rich lead and zinc concentrates which are sold to smelters.

Production commenced in the fourth quarter of 2013 and reached commercial production in January 2014. By the end of June 2014 the Escobal mine produced 12 million oz of silver, 7,600 oz of gold, 6,600 tonnes of lead and 7,300 tonnes of zinc in lead and zinc concentrates from mill feed averaging 581 grams per tonne (g/t) silver, 0.47 g/t gold, 1.0% lead and 1.4% zinc.

The Escobal mine life is forecast at 20 years,with annual production of 19.1 million oz silver and 22.4 million oz silver-equivalent over the first 10 years. Resources estimates are:

>Measured and Indicated mineral resources of 434 million silver ounces at an average grade of 346 g/t.
>Inferred mineral resources of 9.3 million silver ounces at an average grade of 224 g/t.
>Proven and Probable mineral reserves of 31.4 million tonnes at an average silver grade of 347 g/t, containing 350.5 million silver ounces in the life of mine plan.
>Average annual production of 19.1 million silver ounces and 22.4 million silver equivalent ounces over the first 10 years of the mine life.