NationalInstrument43-101StandardsofDisclosureforMineralProjectsTableofContentsPARTTITLEPART1DEFINITIONSANDINTERPRETATION1.1Definitions1.2MineralResource1.3MineralReserve1.4IndependencePART2REQUIREMENTSAPPLICABLETOALLDISCLOSURE2.1RequirementsApplicabletoAllDisclosure2.2AllDisclosureofMineralResourcesorMineralReserves2.3ProhibitedDisclosure2.4DisclosureofHistoricalEstimatesPART3ADDITIONALREQUIREMENTSFORWRITTENDISCLOSURE3.1WrittenDisclosuretoIncludeNameofQualifiedPerson3.2WrittenDisclosuretoIncludeDataVerification3.3RequirementsApplicabletoWrittenDisclosureofExplorationInformation3.4RequirementsApplicabletoWrittenDisclosureofMineralResourcesandMineralReserves3.5ExceptionforWrittenDisclosureAlreadyFiledPART4OBLIGATIONTOFILEATECHNICALREPORT4.1ObligationtoFileaTechnicalReportUponBecomingaReportingIssuer4.2ObligationtoFileaTechnicalReportinConnectionwithCertainWrittenDisclosureAboutMineralProjectsonMaterialProperties4.3RequiredFormofTechnicalReportPART5AUTHOROFTECHNICALREPORT5.1PreparedbyaQualifiedPerson5.2ExecutionofTechnicalReport5.3IndependentTechnicalReportPART6PREPARATIONOFTECHNICALREPORT6.1TheTechnicalReport6.2CurrentPersonalInspection6.3MaintenanceofRecords6.4LimitationonDisclaimersPART7USEOFFOREIGNCODE7.1UseofForeignCodePART8CERTIFICATESANDCONSENTSOFQUALIFIEDPERSONSFORTECHNICALREPORTS8.1CertificatesofQualifiedPersons8.2AddressedtoIssuer8.3ConsentsofQualifiedPersonsPART9EXEMPTIONS9.1AuthoritytoGrantExemptions9.2LimitedExemptionforRoyaltyInterestsorSimilarInterests9.3ExemptionforCertainTypesofFilingsPART10EFFECTIVEDATE10.1EffectiveDateAppendixARecognizedForeignAssociationsandDesignationsNationalInstrument43-101StandardsofDisclosureforMineralProjectsPART1DEFINITIONSANDINTERPRETATION1.1Definitions-InthisInstrument“adjacentproperty”meansaproperty(a)inwhichtheissuerdoesnothaveaninterest;(b)thathasaboundaryreasonablyproximatetothepropertybeingreportedon;and(c)thathasgeologicalcharacteristicssimilartothoseofthepropertybeingreportedon;“dataverification”meanstheprocessofconfirmingthatdatahasbeengeneratedwithproperprocedures,hasbeenaccuratelytranscribedfromtheoriginalsourceandissuitabletobeused;“developmentproperty”meansapropertythatisbeingpreparedformineralproductionandforwhicheconomicviabilityhasbeendemonstratedbyafeasibilitystudy;“disclosure”meansanyoralstatementorwrittendisclosuremadebyoronbehalfofanissuerandintendedtobe,orreasonablylikelytobe,madeavailabletothepublicinajurisdictionofCanada,whetherornotfiledundersecuritieslegislation,butdoesnotincludewrittendisclosurethatismadeavailabletothepubliconlybyreasonofhavingbeenfiledwithagovernmentoragencyofgovernmentpursuanttoarequirementoflawotherthansecuritieslegislation;“earlystageexplorationproperty”meansapropertythathas(a)nocurrentmineralresourcesormineralreservesdefined;and(b)nodrillingortrenchingproposed;inatechnicalreportbeingfiledinalocaljurisdiction;“explorationinformation”meansgeological,geophysical,geochemical,sampling,drilling,trenching,analyticaltesting,assaying,mineralogical,metallurgicalandothersimilarinformationconcerningaparticularpropertythatisderivedfromactivitiesundertakentolocate,investigate,defineordelineateamineralprospectormineraldeposit;-2-“feasibilitystudy”meansacomprehensivestudyofamineraldepositinwhichallgeological,engineering,legal,operating,economic,social,environmentalandotherrelevantfactorsareconsideredinsufficientdetailthatitcouldreasonablyserveasthebasisforafinaldecisionbyafinancialinstitutiontofinancethedevelopmentofthedepositformineralproduction;“historicalestimate”meansanestimateofmineralresourcesormineralreservespreparedpriortoFebruary1,2001;“IMMMReportingCode”meanstheclassificationsystemanddefinitionsofmineralresourcesandmineralreservesapprovedbyTheInstitutionofMaterials,Minerals,andMiningintheUnitedKingdom,asamended;“JORCCode”meanstheAustralasianCodeforReportingofMineralResourcesandOreReservespreparedbytheJointOreReservesCommitteeoftheAustralasianInstituteofMiningandMetallurgy,AustralianInstituteofGeoscientistsandMineralCouncilofAustralia,asamended;“mineralproject”meansanyexploration,developmentorproductionactivity,includingaroyaltyinterestorsimilarinterestintheseactivities,inrespectofdiamonds,naturalsolidinorganicmaterial,ornaturalsolidfossilizedorganicmaterialincludingbaseandpreciousmetals,coal,andindustrialminerals;“NI44-101”meansNationalInstrument44-101ShortFormProspectusDistributions;“preliminaryassessment”meansastudythatincludesaneconomicanalysisofthepotentialviabilityofmineralresourcestakenatanearlystageoftheprojectpriortothecompletionofapreliminaryfeasibilitystudy;“preliminaryfeasibilitystudy”and“pre-feasibilitystudy”eachmeanacomprehensivestudyoftheviabilityofamineralprojectthathasadvancedtoastagewheretheminingmethod,inthecaseofundergroundmining,orthepitconfiguration,inthecaseofanopenpit,hasbeenestablishedandaneffectivemethodofmineralprocessinghasbeendetermined,andincludesafinancialanalysisbasedonreasonableassumptionsoftechnical,engineering,legal,operating,economic,social,andenvironmentalfactorsandtheevaluationofotherrele