Cassiar Asbestos Corporation Limited

INFORMATION CIRCULAR

Solicitation of Proxies

This statement is furnished by the management of Cassiar Asbestos Corporation Limited, hereinafter
called the “Company”, in connection with the solicitation of proxies for use at the Annual Meeting of
shareholders of the Company to be held on Thursday, April 18, 1968, at the Royal York Hotel, 100 Front
Street West, Toronto, Ontario, at 10.00 o’clock in the forenoon (Toronto time), for the purpose set out in
the accompanying notice of meeting.

IN THE EVENT OF YOUR NOT BEING PRESENT AT THE ANNUAL MEETING, THE
MANAGEMENT OF THE COMPANY SOLICITS YOUR PROXY AND YOU ARE REQUESTED
TO SIGN, DATE AND RETURN THE ENCLOSED INSTRUMENT OF PROXY.

Solicitation is being made by mail, which may be supplemented by telephone or other personal contact,
to be made without special compensation by officers and employees of the Company. The Company will bear
all expenses in connection with the solicitation of proxies but the Company will not reimburse shareholders,
nominees or agents for any costs incurred in obtaining from their principals instruments of proxy or
authorization to execute such proxies.

Revocability of Proxy

Any proxy given by a registered shareholder may be revoked by notice in writing received by the
Company on or before April 17, 1968, or at the Annual Meeting by notice in writing being received by or
deposited with the Chairman of the Annual Meeting which shall be a good and valid revocation of such
Proxy, except as to any matter in which a vote may already have been cast pursuant to the authority conferred
by such proxy.

Voting Shares and Principal Holders Thereof

As of March 7, 1968, the authorized capital of the Company is 5,500,000 shares without nominal or
par value whereof 5,250,000 shares, each carrying one vote, are issued and outstanding as fully paid and
non-assessable. The registered holders of all such issued shares are entitled to one vote at the Annual
Meeting on’a show of hands and one vote per share on a poll.

To the knowledge of the directors and senior officers of the Company, the following are the only
shareholders beneficially owning, directly or indirectly 10% or more of the issued and outstanding shares

of the Company.

Approximate Number of Percentage
Shares Beneficially of Outstanding

Name Owned Shares
Conwest: Exploration Company. Wimited 2 542,965 10.3
BSC LIMPANSDESEOS ViLineSy Latent C Ch se oa eee a re 1,287,122 24.5
Newmont iyiininom Conporationy so te ee ee IZ7;210 13.9

feaypestos- Wianhattam ancorporated = ee a 925,250 10.0