First Mining Finance Corp. (TSXV:FF) made an unsolicited indicative offer to acquire Goldrush Resources Ltd. (TSXV:GOD) on September 4, 2015. First Mining Finance Corp. (TSXV:FF) signed a letter of intent to acquire Goldrush Resources Ltd. (TSXV:GOD) on OCotber 1, 2015. First Mining Finance Corp. (TSXV:FF) entered into a definitive agreement to acquire Goldrush Resources Ltd. (TSXV:GOD) for CAD 4.4 million in stock on November 24, 2015. Under the terms of transaction, First Mining will issue 0.07 share for each share of Goldrush and will issue 11.9 million shares. Following the completion of transaction, the current shareholders of Goldrush will hold approximately 3.9% of the issued and outstanding shares of First Mining and Goldrush will operates as wholly owned subsidiary of First Mining. Upon completion of the transaction Goldrush's shares will be de-listed from the TSXV. In addition, Goldrush may be required to pay a termination fee of CAD 0.25 million upon the occurrence of certain events. Each of the directors and senior officers of Goldrush, who hold in the aggregate of approximately 8.5% of the issued and outstanding Goldrush shares have entered into a voting agreement with First Mining and have agreed to vote in favor of the transaction at the special meeting of Goldrush shareholders to be held to consider the transaction. Upon completion of the transaction, all of the directors and officers of Goldrush will resign from their positions in Goldrush.

After taking into consideration, among other things, the recommendation of the special committee of the Goldrush board of directors which was established to review strategic alternatives for Goldrush, including the transaction, and the fairness opinion of Bruce McKnight Minerals Advisor Services, Board of Directors of Goldrush has unanimously approved the transaction and will provide a written recommendation that Goldrush shareholders vote in favour of the transaction. The transaction is subject to obtain approval from shareholder of Goldrush, Board of First Mining, listing of shares, lock up agreement, dissenters rights limited, exercise of options, exemption from registration, court and stock exchange approvals and the satisfaction of certain other closing conditions customary in transactions. The transactions will require the approval of at least two-thirds of the votes cast by the shareholders of Goldrush. As of December 29, 2015, the deal was approved by shareholders of Goldrush. Bruce McKnight Minerals Advisor Services act as financial advisor while Linda Desaulniers of Axium Law Corporation act as legal advisor for Goldrush and James D. Beeby of McCullough O'Connor Irwin LLP act as legal advisor for First Mining. Computershare Investor Services Inc acted as transfer agent and depositary to Goldrush.