Question Period Note: Recent comments by Mexican President - Canadian Mining Companies.

On June 9th, Mexican President sent a respectful message to the Canadian Ambassador suggesting that he convince Canadian companies not to go to international courts.

• Canadian investors and companies make positive contributions to economic growth, job creation and sustainable local development in various sectors in Mexico, including mining and energy

• While the Government of Canada does not comment on legal disputes, we remain interested in working with the Mexican government to ensure legal stability and a level-playing field, which are key to maintaining and attracting Canadian investment across sectors.

On the morning of June 9th, 2020, during his daily press conference, the Mexican President Andres Manuel Lopez Obrador mentioned that there are some Canadian mining companies that want to go to international courts. He indicated that this was an opportunity to send a respectful message that the Canadian Ambassador convince them otherwise.

Canadian companies can decide to Submit a Claim ("Notice") under the provisions of Chapter 11 of North American Free Trade Agreement to the Government of Mexico to formally address conflicts with the Mexican tax authority, the Servicio de Administracion Tributaria (SAT).

The service of this Notice by a company on the Government of Mexico initiates a 90-day process for the Government of Mexico to enter into good faith negotiations with the company to resolve any dispute between the company and the SAT.

Mexico has a double taxation treaty with Canada.

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