Nuvo Pharmaceuticals Inc NRIFF

RE: some? or MOST of the gold is inferred

[elducky]

The new total Inferred Resource has increased to 14.8 million ounces grading 3.48 g/t gold with a total Measured and Indicated Resource of 8.3 million ounces grading 3.51 g/t gold using a 2 g/t gold cut-off grade (see tables below). Table 1. November 2002 Donlin Creek updated resource estimates: 2.0 g/t cut off grade --------------------------------------------- Resource Tonnes Grade Contained Category (Millions) Gold g/t Ounces --------------------------------------------- Measured 5.093 3.81 623,000 Indicated 68.124 3.49 7,636,000 --------------------------------------------- Total M&I: 73.217 3.51 8,259,000 Inferred 132.628 3.48 14,829,000 --------------------------------------------- 1.5 g/t cut off grade --------------------------------------------- Resource Tonnes Grade Contained Category (Millions) Gold g/t Ounces --------------------------------------------- Measured 6.684 3.32 713,000 Indicated 96.520 2.97 9,220,000 --------------------------------------------- Total M&I: 103.204 2.99 9,933,000 Inferred 186.716 2.97 17,849,000 --------------------------------------------- Table 2. Previous March 2002 Donlin Creek resource estimates: 2.0 g/t cut off grade --------------------------------------------- Resource Tonnes Grade Contained Category (Millions) Gold g/t Ounces --------------------------------------------- Measured 5.054 3.84 623,000 Indicated 68.917 3.49 7,732,000 --------------------------------------------- Total M&I: 73.971 3.51 8,347,000 Inferred 92.433 3.66 10,877,000 --------------------------------------------- 1.5 g/t cut off grade --------------------------------------------- Resource Tonnes Grade Contained Category (Millions) Gold g/t Ounces --------------------------------------------- Measured 6.593 3.35 710,000 Indicated 97.530 2.98 9,329,000 --------------------------------------------- Total M&I: 104.123 3.00 10,040,000 Inferred 129.144 3.11 12,921,000 --------------------------------------------- Notes: (1) Tonnes and Contained Ounces are rounded to the nearest 1,000.