High River Gold Mines Ltd HRIVF

Strategic investments back to $57M

[production05]

Detour Gold = $46.4M
Pelangio = 8.7M
Intrepid Mines = .5M
Goldrush = .4M
Merrex Gold = 1.2M

Total Strategic Investments = $57.2M

Cash at Sept'09 = $39M

Expected Q4'09 Cash Flow from Ops = $44M ($33M Q3 level + increase in gold price)

Total Strategic Investments, End of Q3 Cash and Expected Q4 CF = $140M (even though Strategic Investments are not available for use at this time)

Expected Q1'10 Cash Flow = $44M (the start of Q1'10 is only 42 days away)

Total Strategic Investments + End of Q3 Cash + Expected Q4'09 CF + Expected Q1'10 CF = $184M

HRG's debt at end of Q3 = $121M