Financing (February 19, 1996)

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

Loki Gold — 11,200,000 Common Shs to be issued upon the exercise of 11,200,000 previously issued Special Wts @ $1.80 per Special Wt.

American Bullion Minerals — 1,000,000 Common Shs issusable upon the exercise of 1,000,000 previously issued Special Wts @ $3.00 per Special Wt.