145 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves Property Location Ownership Royalty Rate Lawyers Canada Thesis Gold Inc. 0.5% NSR Schaft Creek Canada Copper Fox Metals Inc./Teck Resources Limited 3.5% NPI Shasta Canada TDG Gold Corp. 0.5% NSR Ulu Canada Blue Star Gold Corp. 5.0% NSR 9 Wolverine Canada Yukon Zinc Corporation 0.0% to 9.445% NSR 10 Alturas Chile Barrick Gold Corporation 1.06% NSR (Au); 1.59% NSR (Cu) Pascua-Lama Chile Barrick Gold Corporation 0.78% to 5.45% NSR (Au) 11 , 12 ; 1.09% NSR (Cu) 13 Kubi Village Ghana Asante Gold Corporation 3.0% NPI Tambor Guatemala Kappes, Cassiday & Associates 4.0% NSR Nieves Mexico Blackberry Ventures 1, LLC 2.0% NSR Los Chancas Peru Southern Copper Corporation 0.375% NSR Nutmeg Mountain United States NevGold Corp. 1.0% to 2.0% NSR 14 Doby George United States Western Exploration Inc. 2.0% NSR 15 Island Mountain United States Tuvera Exploration Inc. 2.0% NSR La Jara Mesa United States Laramide Resources Ltd. $0.25/lb (uranium) 16 Long Valley United States Kore Mining Ltd. 1.0% NSR Niblack United States Blackwolf Copper and Gold Ltd. 1.0% to 3.0% NSR 17 Rock Creek United States Hecla Mining Company 1.0% NSR San Juan Silver (Bulldog) United States Hecla Mining Company 3.0% NSR 18 1.0% NSR 18 Wildcat United States Integra Resources Corp. 1.0% NSR 19 1.0% to 2.0% NSR 20 9 Royalty applies to production above 675,000 ounces. 10 Gold royalty rate is based on the price of silver per ounce. NSR sliding-scale schedule (price of silver per ounce – royalty rate): Below $5.00 – 0.0%; $5.00 to $7.00 – 3.778%; above $7.50 – 9.445%. 11 Royalty applies to all gold production from an area of interest in Chile. Approximately 20% of the royalty is limited to the first 14.0 million ounces of gold produced from the project. Also, 24% of the royalty can be extended beyond 14.0 million ounces produced for $4.4 million. In addition, a one-time payment totaling $8.4 million will be made if gold prices exceed $600 per ounce for any six-month period within the first 36 months of commercial production. 12 NSR sliding-scale schedule (price of gold per ounce – royalty rate): less than or equal to $325 – 0.78%; $400 – 1.57%; $500 – 2.72%; $600 – 3.56%; $700 – 4.39%; greater or equal to $800 – 5.23%. Royalty is interpolated between lower and upper production endpoints. 13 Royalty applies to all copper production from an area of interest in Chile. 14 A $325,000 payment is due upon production of the first 100,000 ounces. Once production reaches 200,000 ounces, the royalty begins paying at the following rate schedule (price of gold per ounce – royalty rate): $0.00 to $425 – 1.0%; $425 and above – 2.0%. 15 The 2.0% NSR becomes payable once 400,000 ounces have been produced. 16 Royalty is payable on per pound of uranium produced above eight million pounds. 17 Royalty rate is 1.0% for each tonne of ore having a value of less than $115 per tonne; 2.0% for each tonne of ore having a value between $115 and $135 per tonne; and 3.0% for each tonne of ore having a value greater than $135 per tonne. 18 Royalty rate is 3.0% on Homestake and Emerald unpatented claims; 1.0% on Emerald patented claims. 19 The 1.0% royalty rate applies to the SS lode claims only. 20 An additional 1.0% NSR applies to gold production between 500,000 ounces and 1.0 million ounces. The royalty increases to a 2.0% NSR on production in excess of 1.0 million ounces. This royalty applies to various claims on the mining property.