d) The Company paid consulting fees and expense reimbursements of $45,000 (2007 – $62,902) to a former
director of the Company. Pursuant to the settlement agreement dated June 11, 2008 with the former director,
the Company agreed to transfer the Bonaparte Gold Property to the former director in settlement of outstanding
compensation of $32,500 (Note 7(a)). In addition, the Company agreed to pay a total of CDN$210,000
(US$206,000) in settlement of $273,918 of exploration expenditures owing to a company controlled by the
former director, and accordingly, recorded a gain on settlement of debt $69,260 in the year ended October 31,
2008. As at October 31, 2008, CDN$100,000 (US$83,022) of the settlement payments remained outstanding.