Financing (August 30, 1993)

Champion Bear Resources Ltd. — Private placement of 130,800 shs @ $2.75 on a flow-through basis.

Solidor Resources Inc. — 600,000 units @ 40 cents and each unit consists of sh and 2 wts. 2 A wts buy sh.

Campbell Resources Inc. — 51,637,979 shs @ 88 cents per special wt. Shs transferred upon the exercise of previously issued special wts, of which 34,537,979 such shs are a secondary offering.

Euro-Nevada Mining Corp. Ltd. — 2,000,000 units @ $25.00 per special wt. Each unit consists of sh and sh purchase wt issuable upon the exercise of special wts.

Minera Rayrock Inc. — 1,830,000 subordinate voting shs and 1,830,000 multiple voting shs issuable upon exercise of 3,660,000 special wts @ $1.00 per special wt.

Minera Rayrock Inc. — 12,500,000 subordinate voting shs issuable upon exercise of special wts @ $2.00 per special wt.

McChip Resources Inc. — 1,000,000 shs @ $1.25.