NexGen Financial Corporation V.NFX

Mineral Deposits Not Being Mined

[beaverton]

Mineral Deposits Not Being Mined In The Kirkland Lake District - 2000 Deposit Name (Township) Commodity/ MDI No. Tonnage-Grade Estimates and/or Dimensions Ownership References Reserve References Status 180 East (Lebel) Au 32D04SW00339 327 273 t of 4.11 g/t Au Queenston Mining Inc. (50%) - Franco-Nevada Mining Corporation Limited (50%) (CMH 2000-2001, p.328) Queenston Mining Inc. 1999 Annual Report Inactive Ajax (Strathy) Cu, Ni, Au, Ag, PGE 31M04SW00022 2 062 505 tons of 0.412% Cu, 0.257% Ni; veins can average 2.9% Ni, 4.0% Cu, 2 g/t Au, 3.4 g/t Pt Northern Platinum Ltd. (55%) (CMH 2000-2001, p. 287) CMH 2000-2001, p. 287 Inactive Amalgamated Kirkland (Teck) Au 42A01SE00151 1 802 727 t of 5.49 g/t Au Franco-Nevada Mining Corporation Limited (50%) - Queenston Mining Inc. (50%) (CMH 2000-2001, p.328) Queenston Mining Inc. 1999 Annual Report Inactive Anoki (Gauthier) Au 32D04SW00069 1 074 545 t of 4.11g/t Au Queenston Mining Inc. (50%) - Franco-Nevada Mining Corporation Limited (50%) (CMH 2000-2001, p.328) Queenston Mining Inc. 1999 Annual Report Active Argyll (Beatty) Au 42A09SW00133 87 000 tonnes of 7.54 g/t Au McWatters Mining Inc. (CMH 2000-2001, p.254) CMH 1999-2000, p.269 Inactive Armistice (McGarry) Au 32D04SE00013 433 981 tons of 0.250 oz per ton Au Armistice Resources Ltd. (75%) – Sheldon-Larder Mines Limited (25%) (CMH 1999-2000, p.42) CMH 1999-2000, p.42 Inactive Barber Larder (McGarry) Au 32D04SE00043 60 000 tons of 0.16 oz per ton Au NFX Gold Inc. (75%) - Gwen Resources Ltd. (25%) (CMH 2000-2001, p.277) CMH 1990-91, p.338 Inactive Blue Quartz (Beatty) Au 42A09SW00130 109 000 tons of 0.484 oz per ton Au Thundermin Resources Ltd. (50%) - River Gold Mines Ltd. (50%) (CMH 2000-2001, p.384) NM, March 20, 1980 Inactive Boston Creek (Pacaud) Au 31M13NW00053 330 000 tonnes of 4.2 g/T Au Atapa Minerals Limited (50%) - Teck Corporation (CMH 2000-2001, p.42) CMH 1998-99, p.52 Inactive Buffonta (Garrison) Au 32D05NW00009 400 000 tons of 0.15 oz per ton Au Gwen Resources Ltd. (60%) - AJ Perron Gold Corporation (40%)(CMH 1996-97, p.26) CMH 1997-98, p.221 Inactive Cheminis (McVittie) Au 32D04SE00019 2.9 million tons of 0.17 oz per ton Au NFX Gold Inc. (75%) – Fort Knox Gold Resources Inc. (25%). (CMH 2000-2001, p.277) NFX Press Release October 20, 1999. Inactive Clenor (Strathy) Au, Ag 31M04SW00088 24 000 tons of 0.21 oz per ton Au, 1.8 oz per ton Ag Gwen Resources Ltd. (CMH 1997-98, p.220) GR 163 Inactive Commodore (Lebel) Au NEW 738 000 tons of 0.07 oz per ton Au inferred with a higher grade zone of 307 000 tons of 0.11 oz Au per ton inferred H.Egg, AF (Sudbury Contact Mines Limited) AF Inactive Creek Zone (Hislop) Au 42A08NW00142 1.1 million tons of 0.186 oz per ton Au Stroud Resources Ltd. (CMH 2000-2001, p.372) CMH 2000-2001, p.372 Inactive Diadem (Strathcona) Cu, Ni 31M04SW00077 450 000 tons of 0.5% Cu, 0.1% Ni to 400 feet Teck Corporation – Cominco Ltd. MDIR N 0045 Active Eastmaque (Teck) Au 42A01NE00043 2 132 500 tons of tailings of 0.035 oz per ton Au Hecla Mining Company (Eastmaque to Equinox Resources Ltd to Hecla in 1994) (CMH 1996-97, p.207-208) CMH 1991-92, p.142 Inactive Fenn-Gib (Guibord) Au 42A09SE00054 42A09SE00187 1.95 million t of 5.13 g/t Au above 250 m level Pangea Goldfields Inc. (100% Gib, 70% Fenn, 30% Homestake Canada Inc.)( CMH 2000-2001, p.312) CMH 2000-2001, p.312 Inactive Fort Knox (Fawcett, Ogilvie, North Williams) Cu, Ni NEW 750 000 tons Fort Knox Gold Resources Inc. – Inco Limited (CMH 2000-2001, p.161) AF Inactive Garrcon (Garrison) Au 32D12SW00004 350 900 tons of 0.191 oz per ton Au Moneta Porcupine Mines Inc. (75%) – Jonpol Explorations Limited (25%)(OFR 5735, p.766, CMH 1998-99, p.317) Jonpol Explorations Limited News Release, February 2, 1988 Inactive Golden Harker (Harker) Au 32D05NW00159 500 000 tons of 0.16 oz per ton Au Golden Harker Explorations Limited (CMH 2000-2001, p.181) NM, March 7, 1988 Inactive Gordon Lake (Tyrrell) Au 41P10NW00006 225 000 tons of 0.20 oz per ton Au to 750 feet Duncan Gold Resources Inc. – Dalhousie Oil Company Ltd. (AF) AF Inactive Hislop West (Hislop) Au 42A09SW00033 19 230 tons of 0.59 oz per ton Au Battle Mountain Gold Company (CMH 1997-98, p.67) OFR 5735, p.1070 Inactive Hydro Creek (Tyrrell) Au 41P11NE00024 535 000 tons of 0.13 oz per ton Au resource Orogrande Resources Inc. (Orogrande Resources Inc. Press Release May 7, 1998) Orogrande Resources Inc. Press Release May 7, 1998 Inactive Iris (Harker) Au - W 32D05NW00021 769 756 tons of 0.07 oz per ton Au The Alberta Gold Corporation (55%) - Perrex Resources Inc. (45%) (CMH 1995-96 p.289) AF KL-3170 Inactive Leckie (Strathy) Au 31M04SW00090 405 000 tons of 0.2 oz per ton Au Stroud Resources Ltd. (CMH 2000-2001, p.372) CMH 2000-2001, p.372 Inactive Ludgate (Michaud) Au 42A08NE00159 462 000 tonnes of 5.91 g/t Au Pentland Firth Ventures Ltd. (60%) – Coniagas Resources Limited (40%) (CMH 2000-2001, p.315) TNM February 1, 1999 p. 2. Inactive Macassa (Teck) Au 42A01SE00020 4 553 000 tons of 0.31 once per ton Au Kinross Gold Corporation (CMH 2000-2001, p.233) CMH 2000-2001, p.233 Inactive Martin-Bird (Hearst) Au 32D04SE00143 558 000 tons of 0.114 ounce per ton Au Barrick Gold Corporation (AF KL-3752) AF KL-3752 Inactive Matachewan (Powell) Au 41P15NE00014 41P15NE00017 10 549 000 tons of 0.058 oz per ton Au Royal Oak Mines Inc. Pricewaterhouse Coopers as receiver (CMH 1999-2000, p.364) CMH 1998-99, p.398 Inactive McBean (Gauthier) Au 32D04SW00060 2 676 273 t of 6.17 g/t Au Queenston Mining Inc. (50%) - Franco-Nevada Mining Corporation Limited (50%) (CMH 2000-2001, p.328) Queenston Mining Inc. 1999 Annual Report Active Newfield (Garrison) Au 32D12SW000042 450 000 tons of 0.28 oz per ton Au Jonpol Explorations Limited (64.3%) – Aurado Exploration Ltd. (35.7%) (CMH 199-2000, p.240) CMH 1996-97, p.243 and Jonpol Explorations Limited, Project Progress Report, April 10, 1997 Inactive Omega (McVittie) Au 32D04SE00017 720 854 tons of 0.16 oz per ton Au Greater Lenora Resources Corp. (CMH 2000-2001, p.191) CMH 2000-2001, p.191 Inactive Ross (Hislop) Au 42A08NW00005 1 055 000 tons of 0.125 oz per ton Au Preston Electrical and Mechanical Ltd. (sold by Giant Yellowknife Mines Limited in 1989 CMH 1990-91, p.188) CMH 1989-90, p.188 Inactive Southwest Zone (Michaud) Au 42A08NE00038 2.36 million tonnes of 6.07 g/t Au Moneta Porcupine Mines Inc. (CMH 2000-2001, p.266) CMH 2000-2001, p.266 Inactive Taylor (Taylor) Au 42A10SE00066 42A10SE00065 New Shaft – 607 000 tons of 0.38 oz per ton Au Shoot – 949 000 tons of 0.15 oz per ton Au West Porphyry – 1 918 000 tons of 0.34 oz per ton Au St Andrew Goldfields Ltd. (CMH 2000-2001, p.367) CMH 1999-2000, p.387 Active Teck Hughes (Teck) Au 42A01NE00020 375 000 tons of 0.2 oz per ton Au Kinross Gold Corporation - Newfields Minerals Inc. (PC, 1996) CMH 1991-92, p.270 Inactive Temagami Copper (Phyllis) Cu, Ni 41I16NE00004 770 000 tons of 1.04% Cu, 0.46% Ni Teck Corp. – Cominco Ltd. (AF) AF Inactive Tyranite (Tyrrell, Knight) Au 41P11NE00013 567 000 tons of 0.18 oz per ton Au Mill City International Inc. – Tyranex Gold Inc. (CMH 2000-2001, p.259) NM 06/93 Inactive Upper Beaver (Gauthier) Au, Cu 32D04SW00068 180 000 t of 8.6 g/t Au, 1.2% Cu Queenston Mining Inc. (Queenston Mining Inc. Press Release January 5, 2000) Queenston Mining Inc. 1999 Annual Report Active Upper Canada Au 32D04SW00057 1 903 455 t of 6.86 g/t Au Queenston Mining Inc. (50%) - Franco-Nevada Mining Corporation Limited (50%) (CMH 2000-2001, p.328) Queenston Mining Inc. 1999 Annual Report Inactive Victoria Creek (Gauthier) Au NEW 4 958 000 t of 3.43 g/t Au Sudbury Contact Mines Limited (CMH 2000-2001, p.373) CMH 1998-99, p.429 Inactive https://www.mndm.gov.on.ca/mndm/mines/resgeol/northeast/kirkland_lake/mindep_e.asp