Financing (March 11, 1996)

Cambior — 8,000,000 shs @ $20.875 per sh.

Golden Star Resources — 1,750,000 Units consisting of one Common Sh and one-half of one Common sh Purchase Wt @ $10.50 per Unit.

Corriente Resources — 761,400 Common Shs to be issued upon the exercise of 761,400 previously Special Wts @ $2.50 per Special Wt.

Campbell Resources — 18,000,000 Units consisting of one Common Sh and one-half of a Common Sh Purchase Wt @ US$1.25 per Unit.

CS Resources — 2,500,000 shs @ $10.625 per sh.