RE:egzfrom the 10q Our money is supporting other companies , not moving the ENZR Project forward.... 7. Related Party Transactions and Balances The Company had related party transactions during the period. Parties are related if one party has the direct or indirect ability to control or exercise significant influence over the other party in making operating and financial decisions. Parties are also related if they are subject to common control or common significant influence. Related parties include corporate entities, members of the Board of Directors and certain key management as well as companies controlled by these individuals. A transaction is considered to be a related party transaction when there is a transfer of economic resources or financial obligations between related parties. Related party transactions that are in the normal course of business and have commercial substance are measured at the fair value. The following related party transactions occurred during the period ended March 31, 2016: a) The Company incurred $68,293 in general and administrative costs (March 31, 2015: $74,200) from a public company related by common management, Red Pine Exploration Inc. (TSX.V: "RPX"). During the period the Company forgave the $68,293 in general and administrative costs as a result of a settlement agreement between the Companies. The accounts payable balance for general and administrative costs due to RPX was $nil as at March 31, 2016 (June 30, 2015: $24,048). b) The Company incurred $388,104 in mineral exploration, management and consulting fees paid or accrued directly to directors and officers or companies under their control (March 31, 2015: $478,534). The accounts payable balance for these expenditures was $nil at the end of the period (June 30, 2015: $nil). c) The Company incurred $nil in charges from a mining and engineering firm for which one of the Company's Director services as a senior officer and director (March 31, 2015: $1,948,323), which is included in mineral exploration expenses. d) The Company granted 7,900,000 stock options to directors and officers of the Company (March 31, 2015: 6,680,000). These stock options were valued at $308,092 using the Black-Scholes option pricing model (March 31, 2015: $438,035), which is included in stock-based compensation. e) The Company received a principal repayment of $76,450 (March 31, 2015: $nil) during the period from MacDonald Mines Exploration Ltd. (TSXV: BMK), a company related by way of common management, for an outstanding loan. f) The accounts payable balance for a severance commitment due to a former Chief Executive Officer of the Company was $nil at the end of the period (June 31, 2015: $46,292). 8. Deferred Premium on Flow-Through Shares The premium received by the Company for issuing flow-through shares, which are priced in excess of the market value of its common shares, is initially recognized as a financial liability. The flow-through premium liability is subsequently reduced on a pro-rata basis as eligible Canadian Exploration Expenditures ("CEEs") are incurred. from the 10q Our money is supporting other companies , not moving the ENZR Project forward.... 7. Related Party Transactions and Balances The Company had related party transactions during the period. Parties are related if one party has the direct or indirect ability to control or exercise significant influence over the other party in making operating and financial decisions. Parties are also related if they are subject to common control or common significant influence. Related parties include corporate entities, members of the Board of Directors and certain key management as well as companies controlled by these individuals. A transaction is considered to be a related party transaction when there is a transfer of economic resources or financial obligations between related parties. Related party transactions that are in the normal course of business and have commercial substance are measured at the fair value. The following related party transactions occurred during the period ended March 31, 2016: a) The Company incurred $68,293 in general and administrative costs (March 31, 2015: $74,200) from a public company related by common management, Red Pine Exploration Inc. (TSX.V: "RPX"). During the period the Company forgave the $68,293 in general and administrative costs as a result of a settlement agreement between the Companies. The accounts payable balance for general and administrative costs due to RPX was $nil as at March 31, 2016 (June 30, 2015: $24,048). b) The Company incurred $388,104 in mineral exploration, management and consulting fees paid or accrued directly to directors and officers or companies under their control (March 31, 2015: $478,534). The accounts payable balance for these expenditures was $nil at the end of the period (June 30, 2015: $nil). c) The Company incurred $nil in charges from a mining and engineering firm for which one of the Company's Director services as a senior officer and director (March 31, 2015: $1,948,323), which is included in mineral exploration expenses. d) The Company granted 7,900,000 stock options to directors and officers of the Company (March 31, 2015: 6,680,000). These stock options were valued at $308,092 using the Black-Scholes option pricing model (March 31, 2015: $438,035), which is included in stock-based compensation. e) The Company received a principal repayment of $76,450 (March 31, 2015: $nil) during the period from MacDonald Mines Exploration Ltd. (TSXV: BMK), a company related by way of common management, for an outstanding loan. f) The accounts payable balance for a severance commitment due to a former Chief Executive Officer of the Company was $nil at the end of the period (June 31, 2015: $46,292). 8. Deferred Premium on Flow-Through Shares The premium received by the Company for issuing flow-through shares, which are priced in excess of the market value of its common shares, is initially recognized as a financial liability. The flow-through premium liability is subsequently reduced on a pro-rata basis as eligible Canadian Exploration Expenditures ("CEEs") are incurred.