25. The company has never paid a dividend.

26. As is hereinbefore disclosed, the company has, to date, issued as fully paid and non-assessable 1,425,007
shares, of which 925,000 are vendors’ shares and have been issued as part of the considerations for the
purchase of the undertaking; seven shares have been issued at the price of $1.00 each and 500,000 shares
have been issued for $140,000.00. There is no arrangement known to the signatories hereto regarding
the sale or disposition of the vendors’ shares.

CERTIFICATION

The foregoing constitutes full, true and plain disclosure of all material facts in respect of the offering
of shares referred to above, as required by Section 38 of The Securities Act of the Province of Ontario, and

there is no further material information applicable other than in the financial statement and the mining
engineer’s report.

PROMOTER DIRECTORS
Conwest ExpLorATION Company LIMITED F. M. ConNELL
RV CONNGTE W. Harotp CoNNELL
President C. R. Evviotr
C. R. Exuiorr J. DE ‘ KENNEDY
Treasurer A. B. Mortimer

G. A. ARMSTRONG, JR.
Cuartes S. Mortimer

To the best of our knowledge, information and belief, the foregoing constitutes full, true and plain
disclosure of all material facts in respect of the offering of shares referred to above, as required by Section 38
of The Securities Act of the Province of Ontario, and there is no further material information applicable
other than in the financial statement and the mining engineer’s report. With respect to matters which are
not within our knowledge, we have relied upon the accuracy and adequacy of the foregoing.

OPTIONEES
Conwest ExpLoraTION Company LimitTEepD F. M. Conneti
F. M. Connety W. Harotp CoNNELL
President
C. R. Ex.iotr
Treasurer

DATED at Toronto, Ontario, this 11th day of July, 1951.