Key Features

• 3.18 Measured & Indicated and 3.65 Inferred gold ounces (NI 43-101 Resource Calculation July 24, 2012)*
• Positive Pre-Economic Assessment (PEA) released in November 2012.
• Base case NPV of $454m and IRR of 15% with payback within 4.4 years.
• 197,000k Oz/y production for life of mine (LOM)
• Projected timeline: construction in 2015 & production in 2016
• Excellent infrastructure in a mining friendly jurisdiction
• Agreements signed with three separate First Nation bands
• Projects NPV/IRR/Cashflow are highly leveraged to gold price.(See below)

NPV & IRR-Sensitivity to Gold Price from PEA*
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Cash flow-Sensitivity to Gold Price from PEA*
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