Official #DISRUPTMINING RULES (the Rules)

~ Updated September 5, 2018

Introduction

The #DisruptMining challenge (the Challenge) combines a cross-sector innovation expo and a “shark-tank” style live event at the Prospectors and Developers Association of Canada (PDAC) Conference to accelerate the pace of mining innovation. It’s a catalyst to springboard the mining industry into the digital generation by challenging creative thinkers from every discipline to share ideas and technology more efficiently and productively, and bridge the gap between mining and technology. The Challenge is presented by the Goldcorp Disrupt Mining Society (the Society).

Selection and Awards

Subject to the terms outlined in these Rules, Semi-Finalists and Finalists (as defined herein), as selected by and at the sole discretion of representatives of Goldcorp Inc. (Goldcorp) and the University of British Columbia (UBC), will be eligible to attend and present at the #DisruptMining Expo (the Expo) on Sunday, March 3, 2019 at REBEL Entertainment Complex in Toronto, Canada. Finalists will also be eligible to attend and present at a live “shark-tank” style gala event (the Live Finale) in the evening following the Expo where Goldcorp has made available the opportunity to negotiate up to CAD$1 million in the form of an investment or contract in relation to the technology or business idea with the opportunity to test the idea or technology at a minimum of one of Goldcorp’s active mine or exploration sites (investment not guaranteed, and/or investment may be allocated among two or more of four Finalists; exact level of investment, if any, is at Goldcorp’s sole discretion and subject to completion of appropriate due diligence).

The odds of being selected depend upon the number and calibre of eligible entries received during the Submission Period (as defined herein).

Semi-Finalists and Finalists must accept their selections as awarded, which cannot be transferred, assigned, sold, substituted or redeemed for cash. In the event that your selection consists of or includes attendance at an event that is cancelled, delayed or rescheduled for any reason whatsoever, substitute equivalents will not be provided.

The Semi-Finalists and Finalists may appear at the Expo and Live Finale, as applicable, after they have been successfully contacted and notified of their selection, have complied with the Rules and have executed and returned any waivers, releases and/or documents that may be requested by Goldcorp. A maximum of three attempts will be made to contact each Semi-Finalist and Finalist. If a Semi-Finalist or Finalist is unreachable during the period of 72 hours, or declines the offer of continued participation, an alternate Semi-Finalist or Finalist may be selected.

Any Finalists selected by the judging panel for investment in their technology, will be entitled to enter into discussions with Goldcorp, and possibly others (the Other Investors), regarding the form and level of such investment (as detailed below) within 90 days after the Live Finale, with the level of investment being at either Goldcorp’s and/or the Other Investors’ sole discretion and subject to completion of appropriate due diligence by Goldcorp and/or the Other Investors. Goldcorp has made available the opportunity to negotiate up to CAD$1 million in the form of an investment or contract in relation to the technology or business idea with the opportunity to test the idea or technology at a minimum of one of Goldcorp’s active mine or exploration sites (investment not guaranteed, and/or investment may be allocated among two or more of four Finalists; exact level of investment, if any, is at Goldcorp’s sole discretion and subject to completion of appropriate due diligence).

Semi-Finalists: Semi-Finalists will receive an invitation to present and exhibit at the Expo on Sunday, March 3, 2019 in Toronto, Canada. The Expo will showcase companies working with industry-changing technologies to a select group of an estimated 200–300 industry executives and key decision-makers in order to present how the mining industry can utilize technology to foster, grow and attract investment focused on changing the path of natural resource exploration and extraction. Travel to Toronto, Canada, on Sunday, March 3, 2019 during the 2018 Prospectors and Developers Association of Canada (PDAC) Conference is required, at participants’ own cost, and presentation and exhibition at the Expo on Sunday, March 3, 2019 is required to remain eligible to earn an opportunity to negotiate an investment from Goldcorp.

Finalists: Four Finalists will have the opportunity to present their idea or technology during a live finale to an audience of 1,000+ mining and technology professionals, financiers, and a judging panel of five (or six) industry titans during the Live Finale event. Presentation at the Live Finale event on Sunday, March 3, 2019 is required to remain eligible to earn an opportunity to negotiate an investment from Goldcorp. The Finalists will have the opportunity to negotiate up to CAD$1 million in investment for a proof of concept at one of Goldcorp’s mines or direct investment in the winning technologies.

This total investment is not guaranteed, and may be granted to one Finalist or may be allocated among two or more of the four Finalists, at Goldcorp’s sole discretion. The exact level of investment and terms for investment, if any, are at Goldcorp’s sole discretion and subject to completion of appropriate due diligence.

Submission Period and Key Dates

Submissions will be accepted online at www.disruptmining.com from Monday, September 10, 2018 until Monday November 5, 2018 at 8:59pm PST / 11:59pm EST. Late submissions will not be accepted.

#DisruptMining Timeline

  • Monday, November 5, 2018: Deadline for submissions
  • Friday, December 14, 2018: Selected disruptors notified
  • Sunday, March 3, 2019: #DisruptMining Innovation Expo and Live Finale

Submission Categories

Challenge submissions need to identify the category they are submitting their idea to. A maximum of two categories can be noted.

  1. Mining Transformation: Operate and manage our mines with increased productivity.
  2. Metallurgy Transformation: Decrease the mass, energy, water and chemical intensity required in metallurgical processes.
  3. Sustainability Transformation: Move towards zero water and sustainable energy usage.
  4. Digital Transformation: Create digital intelligence with new applications and integrated interfaces.
  5. Geology Transformation: Improve mineral mapping and measurement.
  6. “Go Rogue”: An idea so out-of-the-box it deserves its own category.

Submission Requirements

  1. Required: The website submission form
  2. Required: The report submission PDF
    1. Maximum of five 8.5” by 11” pages; minimum 12-point font size; minimum margins are one inch; text in tables and figures may be as small as 9 points.
    2. Uploaded as a single unlocked PDF document, 20 MB maximum. Embedded hyperlinks to external content can be included but may not be reviewed.
  3. Recommended: A MAXIMUM 90-second elevator pitch video.

The report submission MUST include the following WITHIN the five-page limit and follow this template:

  1. Executive Summary
  2. Brief Biographies of the Team
  3. Legal or Intellectual Ownership Status
  4. Projected Value Statement
  • Please detail and quantify your anticipated value or impact and state all assumptions
  1. Competitor Analysis
  • Please provide a brief landscape of your competitors and how your idea differs
  1. Planned Allocation of Funds
  • Assuming you are successful and secure a contract or investment, please describe how you would apply the funding
  1. Detailed Technical Explanation

Submission Scoring

Submission scoring will be broken down into four categories. The questions within each category are intended to be advisory in nature; they should not be interpreted as specific judging criteria. Suggestions have been made in each category by our judges as sections or practices to consider including. They are not mandatory.

  1. Innovation – 35%
  • Does the idea modify an existing idea, or is it a new concept?
  • Is this an existing technology in another industry that has not yet been applied to mining?
  1. Impact and Value – 25%
  • What is the need statement? Why is this necessary?
  • What value will this bring to the industry?
  1. Implementation and Scalability – 25%
  • Is there a strategy in place to ensure long-term implementation and feasibility of industry-size scalability?
  • How have the major risks associated with the idea been mitigated?
  1. Elevator Pitch – 15%
  • Do the judges quickly and easily understand your idea?
  • Have your succinctly explained how your idea will disrupt the mining industry

Upon completion of your submission you will receive an email to confirm we’ve received it. If you do not receive a confirmation email, please email disruptmining@goldcorp.com before the submissions close.

Submissions close at 8:59pm PST / 11:59 pm EST on Monday November 5, 2018. Late submissions will not be accepted.

Basis for Judging

There will be two formal rounds of judging to determine the Semi-Finalists and four Finalists. The University of British Columbia will conduct the first round of judging.

The team from UBC will be composed of individuals with varying backgrounds. UBC will filter submissions to provide a short list, which will then be given to Goldcorp to select Semi-Finalists and four Finalists who will be invited to attend the Expo during the 2019 Prospectors and Developers Association of Canada (PDAC) Conference in Toronto. Semi-Finalists will be invited to showcase at the Expo, and Finalists will be invited to participate in the “shark-tank” style Live Finale. All submissions will be judged according to the scoring rubric.

Please do not contact any of our judges directly. Only requests sent to disruptmining@goldcorp.com will be responded to. Please allow two business days for a response before following up.

Due to the large number of applications submitted each year feedback will not be provided to applications that do not move forward as semi-finalists or finalists.

The decisions of the Society, UBC, Goldcorp and the judging panel are final and binding. The Society reserves the right at any time, at its sole discretion, to disqualify any entry that it determines does not comply with the criteria stated below or with these official Rules generally.

Communication

English is the official language for submissions, proposals, presentations, and all communications.

Applicants may be asked for follow-up information; telephone or Skype interviews may be requested. Where such information is requested, applicants must consent to such requests as a condition of eligibility for the Challenge. By entering the Challenge and voluntarily providing certain personal information required by the entry form, applicants consent to the collection, use and disclosure by the Society and Goldcorp of the applicant’s information to administer this contest and for purposes outlined in Goldcorp’s privacy policies.

Eligibility

The Challenge is open to all individuals or groups of individuals in Canada or the United States (excluding residents of Florida) who are over the age of majority in their province, state, territory or country of residence. It excludes employees, representatives, sponsors who have paid more than $5,000 in sponsorship fees, relatives, dealers and agents of the Society and Goldcorp (and their respective affiliates).

For persons residing in jurisdictions in which the competition is not available, you are welcome to submit your ideas to us for our review, notwithstanding the fact that you are ineligible to participate in the competition.

Teams may participate, but each member of a team must meet all of the above criteria. Members of a team must designate one (1) team member who will serve as the point of contact during the Challenge (referred to as the “Designated Representative”), and by doing so, each team member authorizes the Designated Representative to act on the team’s behalf. Each team member may be required to separately agree to these terms within three business days of Sponsor’s first attempted notice to the team member by email at the email address for the participant provided by the Designated Representative at the time of entry (“Team Confirmation”). Any team submissions that do not comply with the Team Confirmation requirements may not be eligible for participation in the Challenge and/or may be disqualified from participation and ineligible to earn an opportunity to negotiate an investment from Goldcorp.

The Society reserves the right, at its sole discretion, to disqualify any participant who is (i) found to be tampering with the entry process or with the operation and administration of the Challenge; (ii) acting in an unsportsmanlike or disruptive manner, or with the intent to disrupt or undermine the legitimate operation of the Challenge; (iii) or in violation of the Rules.

Automated entries sent via bots will be disqualified. Automated and/or repetitive electronic submissions (including but not limited to entries made using any script, macro, bot or contest service) will be automatically disqualified and transmissions from these or related accounts may be blocked. The Society reserves the right to seek damages and other remedies from any such entrant to the fullest extent permitted by law, including but not limited to criminal prosecution.

Participants must comply with these Rules. Participants will be deemed to have received, understood and agreed to these Rules through their participation in the Challenge.

No purchase or payment of any kind is necessary to enter or win. No skill testing question is required.

Travel and Awards

Finalists and Semi-Finalists must be available to travel to Toronto, Canada, in March of 2019 to participate in the Challenge events. Reasonable pre-approved travel, accommodation and registration expenses up to CAD$5,000 will be reimbursed for two representatives from each Finalist (not Semi-Finalist) team to attend the event, subject to provision of reasonable documentation to substantiate the expenses. Each Finalist and Semi-Finalist team member is solely responsible for obtaining any requisite visas or travel documents, and for his or her own insurance arrangements. All Finalists are solely responsible for payment of any taxes owing as a result of their receipt of an investment.

If the winner is a team, only the Designated Representative will be notified.

Intellectual Property Rights and Disclaimer

Any submission submitted in connection to the Challenge must be submitted by participants who have all necessary rights in and to the submission.

The submission must not infringe upon or violate any laws or any third-party rights, including, but not limited to, copyright, patent, trademark, industrial design, trade secret, privacy, publicity or confidentiality rights or other proprietary or contractual rights, and must not include material that is libelous, defamatory, obscene or tortious. Participants agree to indemnify the Society and Goldcorp for any damages that the Society and Goldcorp may incur as a result of a breach of the foregoing requirement.

Participants making submissions acknowledge that disclosure of their idea or technology to the Society or Goldcorp or the public in connection with the Challenge may impact the intellectual property protection available for the idea or technology in Canada and in other countries. Participants should seek independent legal advice prior to disclosure of their idea or technology to the Challenge. Information about Semi-Finalists and their idea or innovation may be used or reproduced in broadcasts, presentations or other marketing materials in connection with the Challenge.

The Society and Goldcorp assume no liability whatsoever for any damage, direct, indirect, consequential or otherwise, that a participant may incur as a result of disclosure of any idea, concept, design, prototype, technology, trade secret, confidential information or any other proprietary material, in connection with the Challenge, including but not limited to any damage arising from a transaction, arrangement or agreement entered into by a Semi-Finalist or Finalist with a third party at or following the Challenge.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTICIPANT HEREBY WAIVES ALL RIGHTS TO CLAIM PUNITIVE, INCIDENTAL, AND CONSEQUENTIAL DAMAGES AND ANY OTHER DAMAGES, OTHER THAN FOR ACTUAL OUT-OF-POCKET EXPENSES, AND ANY AND ALL RIGHTS TO HAVE DAMAGES MULTIPLIED OR OTHERWISE INCREASED. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE MAY NOT APPLY TO YOU.

Disclaimers

The Rules are subject to change at the sole discretion of the Society. Registered participants will receive notification when changes are made. However, participants are encouraged to visit the #DisruptMining Website often to review updates.

The Society is not responsible or liable for late, lost, incomplete, illegible, misdirected, stolen, delayed, damaged or destroyed entries, notifications, replies or any #DisruptMining Release; for lost, interrupted, inaccessible or unavailable networks, servers, Internet Service Providers, websites or other connection related to the Challenge; for errors of any kind, including but not limited to human, electronic, mechanical and/or technical in nature; for failure or technical malfunction of any telephone network or lines, computer and online systems, servers, computer equipment, software, email, players or browsers on account of technical problems or traffic congestion on the Internet, any websites related to the Challenge, including without limitation the #DisruptMining Website, or any combination thereof or otherwise; for any injury or damage to participant, participant’s computer, or any other person’s computer related to or resulting from participating in or downloading material in connection with the Challenge; for incorrect or inaccurate information; and/or for weather conditions, event cancellations, delay or rescheduling or other factors beyond the Society’s control.

CAUTION: ANY ATTEMPT TO UNDERMINE THE LEGITIMATE OPERATION OF #DISRUPTMINING MAY BE A VIOLATION OF CRIMINAL AND CIVIL LAWS AND SHOULD AN ATTEMPT BE MADE, THE SOCIETY RESERVES THE RIGHT TO SEEK DAMAGES OR OTHER REMEDIES FROM ANY SUCH PERSON(S) RESPONSIBLE TO THE FULLEST EXTENT PERMITTED BY LAW.

Subject to applicable law, the Society reserves the right to amend, cancel, terminate or suspend the Challenge (in whole or in part) if for any reason the Challenge cannot be run as planned, including but not limited to: tampering, fraud, or corruption of proper administration of the contest, without providing any prior notice.

Governing Law

The Challenge is subject to applicable federal, provincial and municipal laws and regulations and is void where prohibited by law. All issues and questions concerning the construction, validity, interpretation and enforceability of the #DisruptMining Rules or the rights and obligations as between the entrant and the Society in connection with the Challenge shall be governed by and construed in accordance with the laws of the province of British Columbia including procedural provisions without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of any other jurisdiction’s laws. The decisions of the Society with respect to all aspects of the Challenge are final and binding.

Winner List

To request the name of the winner(s) of the #DisruptMining challenge (available after Monday, March 4, 2019), mail your request, along with a self-addressed stamped envelope to: Disrupt Mining c/o Goldcorp Disrupt Mining Society at 3400 – 666 Burrard Street, Vancouver, BC, V6C 2X8. Requests received after Tuesday, April 2, 2019 will not be honoured.

Contact

Full challenge rules can be found at www.disruptmining.com
For questions, please contact disruptmining@goldcorp.com