Financing (August 29, 1994)

Cons. Ramrod Gold — 770,000 shs and 770,000 non-transferrable sh purchase wts issuable upon the exercise of 770,000 special wts @ $5.00 per special wt.

Lyon Lake Mines — 7.1 million units, with each unit consisting of one sh and one sh purchase wt @ 35 cents per unit.

Triton Mining — 5 million shs @ $2.75 per sh.

Cambiex Exploration — 12.5 million units @ 80 cents per unit.