UNDER THE TERMS OF NI 43-101, BRUCE SMITH, M.SC., MAIG IS VOLCANIC'S Qualified Person

Mr. Smith holds B.Sc. and M.Sc. degrees in geology from Otago University, New Zealand, and an M.Eng. degree in water and environmental resources from the IHE, Delft, Netherlands. He has been involved in mineral exploration since 1992, working mostly in precious metal deposits, but also copper, base metals, iron, lithium, uranium and mineral sands. Mr. Smith has worked throughout the world on a large variety of projects incuding in Africa, Europe, Asia, the Pacific, and North and South America, and speaks Spanish fluently. He is a member of the Australian Institute of Geoscientists (No6848) and is a “Qualified Person” in accordance with National Instrument 43-101. Mr. Smith has reviewed and takes responsibility for the technical information contained on this website.