Operations

5 Yr Production Reconciliation

5-YEAR RESERVE – PRODUCTION RECONCILIATION *

EAGLE RIVER MINE

PROVEN + PROBABLE RESERVE ESTIMATE ACTUAL PRODUCTION
DATE TONNES GRADE OUNCES DATE TONNES GRADE OUNCES
Dec 31, 2005 217,000 11.3 78,000 2006 135,100 10.1 43,699
Dec 31, 2006 253,000 12.9 105,000 2007 76,676 13.1 32,299
Dec 31, 2007 265,000 10.8 92,000 2008 118,916 13.0 49,660
Dec 31, 2008 231,000 9.8 73,000 2009 132,004 14.3 60,754
Dec 31, 2009 400,000 8.6 110,000
CUMULATIVE PRODUCTION: 462,696 12.5 186,412

KIENA MINE

PROVEN + PROBABLE RESERVE ESTIMATE ACTUAL PRODUCTION
DATE TONNES GRADE OUNCES DATE TONNES GRADE OUNCES
Dec 31, 2005 - - - 2006 94,200 3.1 9,300
Dec 31, 2006 795,000 4.4 113,000 2007 284,757 3.9 35,404
Dec 31, 2007 534,700 4.5 76,900 2008 241,641 5.2 40,344
Dec 31, 2008 733,000 4.3 102,000 2009 302,034 3.6 35,398
Dec 31, 2009 600,000 4.1 78,000
CUMULATIVE PRODUCTION: 922,632 4.1 120,446

* 43-101 “Qualified Person” G. Mannard, PGeo, Vice President - Exploration