Financing (September 26, 1988)

ONTARIO

Alterio — final rec iss offer min 625,000 & max 1,250,000 @ 80 cents per unit to net min $465,000 & max $930,000. VANCOUVER

Camas — gross proceeds rec $200,000.

Gold Torch — gross proceeds rec $175,000.

Monument — gross proceeds rec $160,000.

Pine Crest — 500,000 sold for gross $105,000.

Skygold — 475,000 sold for gross $166,250.

Toodoggone Gold — 600,000 offered @ 55 cents per sh.

Blue Gold — gross proceeds rec $197,925.

Goldstone — rt exerc on 125,000 @ 50 cents per sh.

Golden Glacier — 400,000 sold for gross $140,000.

Merlin — gross proceeds rec $175,000.

Northern Platinum — 500,000 sold for gross $325,000.

Kelso — 480,000 sold for gross $216,000.

Mollie Gibson — gross proceeds rec $160,000.

Mountain Province — gross proceeds rec $210,000.

Mount Allard — opt exerc on 150,000 @ 56 cents per sh.

United Pacific Gold — 1,200,000 sold for gross $1,800,000.