FINANCING (July 18, 1988)

ONTARIO

Golden Mink — final rec iss offer 500,000 @ 50 cents per unit to net $250,000. VANCOUVER

Cross Lake — 400,000 sold for gross $200,000.

Footwall — 500,000 sold for gross $250,000.

Keefer — 700,000 sold for gross $350,000.

Thomson Gold — gross proceeds rec $400,000.

Altero — gross proceeds rec $950,000.

Argo — 600,000 sold for gross $1,122,000.

Balsam — gross proceeds rec $57,887.25.

Beauchamps — opt exerc on 125,000 @ 55 cents per sh.

Gamin — 800,000 sold for gross $336,000.

Highgrade — min 350,000 offered @ 35 cents per sh.

Thrust — gross proceeds rec $345,000.

Triple Star — rts exerc on 90,000 A $0.442 per sh.

First Star — 800,000 offered @ 33 cents per sh.

Int’l Baron — 750,000 offered @ 65 cents per sh.

New Spirit — opt exerc on 125,000 @ 40 cents per sh.

Vishnu — min 400,000 offered @ 38 cents per sh.