FINANCING (August 22, 1988)

ONTARIO

Norad — final rec iss offer 1,000,000 @ 50 cents per sh.

NovaGold — final rec iss offer max 10,000 & Min 1,667 @ $1,200 per unit.

McLaren — final rec iss offer min 900,000 & max 1,200,000 @ 25 cents per sh. Released From Escrow

Cons Tonka — 50,000 com shs released. VANCOUVER

Ruby Mountain — 600,000 sold for gross $210,000.

Valerie Gold — 400,000 sold for gross $180,000.

South Pacific Gold — 600,000 sold for gross $300,000.

Golden Glory — 480,000 sold for gross $216,000.

Interstate — 600,000 offered @ 50 cents per sh.

Suntac — gross proceeds rec $250,000.

Buffalo — 450,000 sold for gross $202,500.

Locke Rich — 400,000 sold for gross $160,000.

Meadow Mountain — 500,000 sold for gross $225,000.

Schellex Gold — 450,000 sold for gross $270,000.

Ballatar — 650,000 sold for gross $325,000.

Chapleau — 525,000 offered @ 36 cents per sh.

Snowwater — 250,000 sold for gross $100,000.

Kassan — 400,000 sold for gross $160,000.

Trans Int’l Gold — min 250,000 com shs & min 400,000 flow-through shs offered @ 50 cents per sh.

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