In addition to the exploration properties, the Company owns a package of royalty assets in the Flin Flon camp. Most of the royalties are on exploration properties, with the exception of the royalty on the McIlvenna property which is at the PEA level. A summary of the royalties is as follows:

Highlight Royalty

McIIvenna Bay Royalty – Foran Mining
-$0.75/tonne ore extracted –PEA stage project**

Project Info:

Other Royalties

Property owner Property Royalty
Foran Mining Corp. Hanson Property 2% NSR
Bigstone 2% NSR
Balsam 2% NSR
Reed Property 2% NSR + 6% NPI
Callinex Mines Inc. Pine Bay Mine 1% NSR
Rockcliff Metal Corp. Morgan Woolsey Property 2% NSR
Cook Property 1% NSR