Klondex Mines Ltd.: Exhibit 10.5 - Filed by newsfilecorp.com







  NOTE: PORTIONS OF THIS EXHIBIT INDICATED BY “[REDACTED FOR PROPRIETARY REASONS]” ARE SUBJECT TO A CONFIDENTIAL TREATMENT REQUEST FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND HAVE BEEN OMITTED FROM THIS EXHIBIT.  COMPLETE, UNREDACTED COPIES OF THIS EXHIBIT HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION AS PART OF THIS COMPANY’S CONFIDENTIAL TREATMENT REQUEST.

EXECUTION VERSION 

 

 

GOLD PURCHASE AGREEMENT 

 

Between 

 

KLONDEX MINES LTD. 

- and - 

FRANCO-NEVADA GLW HOLDINGS CORP. 

 

 

____________________________________

February 11, 2014 
____________________________________

 

 

 




TABLE OF CONTENTS 

	1. 	Definitions 	1 
	 	 	 
	2. 	Interpretation.
    	15 
	 	 	 
	3. 	Purchase and Sale
      of Purchased Gold Ounces 	16 
	 	 	 
	4. 	Conditions for
      Payment of Purchase Price 	18 
	 	 	 
	5. 	Taxes 	19 
	 	 	 
	6. 	Reporting
      Obligations 	20 
	 	 	 
	7. 	Books and
      Records; Audits; Inspections 	22 
	 	 	 
	8. 	Maintenance of
      Existence and Property 	22 
	 	 	 
	9. 	Management of
      Mining Operations 	23 
	 	 	 
	10. 	Royalty and
      Stream Interests 	24 
	 	 	 
	11. 	Financing Matters
    	26 
	 	 	 
	12. 	Insurance Matters
    	27 
	 	 	 
	13. 	Security Matters
    	27 
	 	 	 
	14. 	Events of Default
    	28 
	 	 	 
	15. 	Effect of Event
      of Default 	32 
	 	 	 
	16. 	Representations
      and Warranties of the Buyer 	32 
	 	 	 
	17. 	Representations
      and Warranties of the Seller 	32 
	 	 	 
	18. 	Indemnities 	33 
	 	 	 
	19. 	Term 	33 
	 	 	 
	20. 	Restricted
      Transfer Rights of the Seller Entities 	34 
	 	 	 
	21. 	Transfer Rights
      of the Buyer 	34 
	 	 	 
	22. 	Governing Law 	35 
	 	 	 
	23. 	Notices 	35 
	 	 	 
	24. 	General
      Provisions 	36 


-i- 




TABLE OF CONTENTS 
(continued) 


SCHEDULES:

	SCHEDULE A – DESCRIPTION OF MIDAS PROPERTY
    
	 
	SCHEDULE B – DESCRIPTION OF FIRE CREEK
      PROPERTY 
	 
	SCHEDULE C – DESCRIPTION OF OTHER
      PROPERTIES 
	 
	SCHEDULE D – MONTHLY DELIVERY REQUIREMENTS
    
	 
	SCHEDULE E – CONDITIONS FOR PAYMENT OF
      PURCHASE PRICE 
	 
	SCHEDULE F – REPRESENTATIONS AND WARRANTIES
      OF THE BUYER 
	 
	SCHEDULE G – REPRESENTATIONS AND WARRANTIES
      OF THE SELLER 


-ii- 




GOLD PURCHASE AGREEMENT 

GOLD PURCHASE AGREEMENT dated February 11, 2014. 

BETWEEN: 

KLONDEX MINES LTD., a
corporation existing under the laws of British Columbia (the “Seller”)


- and - 

FRANCO-NEVADA GLW HOLDINGS
CORP., a corporation incorporated under the laws of Canada (the
“Buyer”) 

WHEREAS: 

	(A) 	
      In order to finance the Acquisition of the Midas Mine by
      the Seller, the Seller has agreed to sell the Purchased Gold Ounces to the
      Buyer, on and subject to the terms and conditions set out in this
      Agreement.

	 	 
	(B) 	
      Upon completion of the Acquisition, the Midas Owner,
      which owns and has the right to operate and mine 100% of the Midas Mine,
      will be an indirect, wholly-owned Subsidiary of the Seller.

	 	 
	(C) 	
      The Fire Creek Owner, which owns and has the right to
      develop, operate and mine 100% of the Fire Creek Project, is an indirect,
      wholly-owned Subsidiary of the Seller.

	 	 
	(D) 	
      The Seller has agreed to cause the Seller Entities to
      enter into the Security Agreements, for the purpose of guaranteeing and
      securing the Delivery Obligations of the Seller due to the Buyer under
      this Agreement.



NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements herein contained and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties agree as follows: 

	1. 	
      Definitions

	 	 
		
      For the purposes of this Agreement (including the
      recitals), unless the context otherwise requires, each of the following
      terms shall have the meaning given to it, as set out below, and
      grammatical variations of such term shall have a corresponding
    meaning:

	 	 
		
      “Accounts” means: (i) all “accounts” as such term
      is used in the applicable Personal Property Securities Legislation, and
      (ii) all existing and hereafter arising rights to payment of a monetary
      obligation, whether or not earned by performance.

	 	 
		
      “Acquisition” means the indirect acquisition of
      the Midas Mine by the Seller from Newmont USA Limited through the purchase
      by Klondex Holdings of all of the issued and outstanding shares of capital
      stock of Midas Holdings pursuant to the Acquisition Agreement.

	 	 
		
      “Acquisition Agreement” means the stock purchase
      agreement dated December 4, 2013 between Newmont USA Limited, Klondex
      Holdings and the Seller, as amended on February 10,
2014.







- 2 - 

“Affiliate” means, with respect
to any Person, any other Person which directly or indirectly, through one or
more intermediaries, controls, or is controlled by, or is under common control
with, such Person. For the purposes of this definition and the definitions of
“Change of Control” and “Subsidiary”, “control” (including, with
correlative meanings, the terms “controlled by” and “under common control
with”), as applied to any Person, means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of
that Person, whether through the ownership of voting securities, by contract or
otherwise. 

“Agreement” means this Gold
Purchase Agreement and all attached schedules, as such may be amended, restated,
modified or superseded from time to time in accordance with the terms hereof.


“Annual Compliance Certificate”
means a certificate signed by an authorized senior officer of the Seller
certifying that as of the date of such certificate: 

	 	(a) 	
      all of the representations and warranties made by the
      Seller Entities pursuant to the Transaction Documents are true and
      accurate in all material respects (other than those representations and
      warranties which are subject to a materiality qualifier, which
      representations and warranties shall be true and accurate in all respects)
      as if made on and as of the date of such certificate;

	 	 	 
	 	(b) 	
      no Event of Default or Material Adverse Effect has
      occurred and is continuing as of the date of such certificate;
  and

	 	 	 
	 	(c) 	
      no event which with notice or lapse of time or both would
      become an Event of Default has occurred and is continuing as of the date
      of such certificate;



in each case, except as specified in
such certificate, together with all material information relating to such
exception, including, if applicable, any action which the Seller Entities have
taken or propose to take with respect thereto. 

“Annual Forecast Report” means a
written report in relation to a fiscal year, with respect to each of the Midas
Mine and the Fire Creek Project, to be prepared by or on behalf of the Seller,
including with reasonable detail a forecast, based on the current development or
mine plan, as applicable, of the quantity of gold, silver and other Minerals
expected to be produced during such fiscal year on a month-by-month basis and
over the remaining life of the mine on a year-by-year basis, including: 

	 	(a) 	
      the amount and a description of planned operating and
      capital expenditures;

	 	 	 
	 	(b) 	
      types, tonnes and grade of Minerals to be
mined;

	 	 	 
	 	(c) 	
      types, tonnes and grade of Minerals to be stockpiled;
      and

	 	 	 
	 	(d) 	
      with respect to the processing facilities, the types,
      tonnes and grade of Minerals to be processed; expected recoveries for
      gold, silver and other Minerals; and expected doré weight and gold and
      silver grade.



“Annual Operational Report”
means a written report in relation to a fiscal year with respect to each of the
Midas Mine and the Fire Creek Project, to be prepared by or on behalf of the
Seller, which shall include all of the information pertaining to the
construction, commissioning or operations contained in annual reports
prepared and provided to the board of directors of any of the Seller Entities
and, to the extent not contained in such reports, will also contain, for such
year: 




- 3 - 

	 	(a) 	
      types, tonnes and grade of Minerals mined;

	 	 	 
	 	(b) 	
      types, tonnes and grade of Minerals stockpiled;

	 	 	 
	 	(c) 	
      with respect to the processing facilities, the types,
      tonnes and grade of Minerals to be processed; recoveries for gold, silver
      and other Minerals; and doré weight and gold and silver grade;

	 	 	 
	 	(d) 	
      the number of ounces of gold and silver and the quantity
      of other Minerals contained in the material processed during such year,
      but not delivered to a purchaser by the end of such year;

	 	 	 
	 	(e) 	
      the number of ounces of gold and silver and the quantity
      of other Minerals delivered to a purchaser;

	 	 	 
	 	(f) 	
      the amount and a description of operating and capital
      expenditures;

	 	 	 
	 	(g) 	
      a statement setting out the mineral reserves and mineral
      resources (by category) prepared in accordance with National Instrument
      43-101 (with the assumptions used, including cut-off grade, metal prices
      and metal recoveries);

	 	 	 
	 	(h) 	
      a review of the development or operating activities for
      the year and a report on any material issues or departures from that
      contemplated by the development or mine plan, as applicable as of the
      first day of the fiscal year;

	 	 	 
	 	(i) 	
      variances from projected operating and capital
      expenditures and any actual or expected adverse impact on development or
      production or recovery of gold, silver and other Minerals, whether as to
      quantity or timing, together with the details of the plans to resolve or
      mitigate such matters;

	 	 	 
	 	(j) 	
      if applicable, the percentage completion compared to the
      initial development plan of the major elements of construction and the
      anticipated date of commencement of commercial production, if it has not
      yet then occurred; and

	 	 	 
	 	(k) 	
      details of any material health or safety violations
      and/or material violations of any Applicable Laws (including Environmental
      Laws).



The Annual Operational Report shall
also contain a report on any Encumbrances, other than customary liens, placed on
the assets or properties of the Seller Entities with respect to liabilities or
obligations greater than $1,000,000 (in the aggregate). 

“Applicable Law” means any law
(including common law and equity), any international or other treaty, any
domestic or foreign constitution or any multinational, federal, provincial,
territorial, state, municipal, county or local statute, law, ordinance, code,
rule, regulation, Order (including any securities laws or requirements of stock
exchanges and any consent decree or administrative Order), or Authorization of a
Governmental Body in any case applicable to any specified Person, property,
transaction or event, or any such Person’s property or assets. 




- 4 - 

“Authorization” means any
authorization, approval, consent, concession, exemption, license, lease, grant,
permit, franchise, right, privilege or no-action letter from any Governmental
Body having jurisdiction with respect to any specified Person, property,
transaction or event, or with respect to any of such Person’s property or
business and affairs (including any zoning approval, mining permit, development
permit or building permit) or from any Person in connection with any easements,
contractual rights or other matters. 

“Bankruptcy Code” means any of
the Bankruptcy Reform Act, Title 11 of the United States Code, the
Bankruptcy and Insolvency Act (Canada), the Companies Creditors
Arrangement Act (Canada) and the Winding-Up and Restructuring Act
(Canada) or any similar legislation, each as amended or recodified from time to
time, including (unless the context otherwise requires) any rules or regulations
promulgated thereunder. 

“Business Day” means any day
(other than a Saturday or Sunday) on which banks are open for business in
Toronto, Ontario, and Elko, Nevada. 

“Buyer” has the meaning set out
on the first page of this Agreement. 

“Capital Lease” means, as to any
Person, (i) any lease of property by such Person as lessee to the extent the
obligations of such Person thereunder are required to be classified and
accounted for as capital lease obligations or finance lease obligations on a
balance sheet of such Person in accordance with GAAP, or (ii) any synthetic
lease, tax retention operating lease or any other lease having substantially the
same economic effect as a conditional sale, title retention agreement or similar
arrangement. 

“Change of Control” means, with
respect to any Person, the consummation of any transaction, including any
consolidation, amalgamation, arrangement or merger or any issue, transfer or
acquisition of securities, the result of which is that any other Person or group
of Persons acting jointly or in concert for purposes of such transaction
directly or indirectly (A) becomes the beneficial owner of more than 50% of the
voting securities of such Person, measured by voting power rather than number of
securities, or (B) controls such Person. 

“Collateral” means all of the
property and rights of the Seller Entities in and to assets, rights and
property, including: (a) all Accounts, instruments, chattel paper, deposit
accounts, documents, intangibles, goods (including inventory, equipment and
fixtures), money, letter of credit rights, supporting obligations, claims,
causes of action and other legal rights and investment property; (b) all of the
Properties and Other Properties; (c) all products, proceeds, rents and profits
of the foregoing; (d) all books and records of the Seller Entities related to
any of the foregoing; and (e) all of the foregoing, whether now owned or
existing or hereafter acquired or arising or in which any of the Seller Entities
now has or hereafter acquires any rights. 

“Contaminant” means any solid,
liquid, gas, odor, heat, sound, vibration, radiation, or combination of any of
them, that does or is reasonably expected to: 

	 	(a) 	
      impair the quality of the Environment for any use that
      can be made of it;

	 	 	 
	 	(b) 	
      injure or damage property or plant or animal
  life;

	 	 	 
	 	(c) 	
      adversely affect the health of any individual;

	 	 	 
	 	(d) 	
      impair the safety of any
individual;







- 5 - 

	 	(e) 	
      render any plant or animal life unfit for use by man;
      or

	 	 	 
	 	(f) 	
      create a liability under any Environmental
  Law;



and includes any “contaminant” within
the meaning ascribed to such term in any Environmental Law.

“Deductions” means any and all
refining, treatment and other charges, penalties, insurance, deductions,
transportation, settlement, financing, price participation charges and/or other
charges, penalties, deductions, set-offs, Taxes and expenses pertaining to
and/or in respect of the Purchased Gold Ounces delivered under this Agreement
(or payments in lieu thereof). 

“Default Amount” means
the sum of:

	 	(a) 	
      the amount determined by the following formula:

      (A - B) x C

      where

      “A” is the total number of Purchased Gold Ounces
      (being 38,250 ounces),

      “B” is the total number of ounces of Refined Gold
      delivered by the Seller to the Buyer pursuant to the Delivery Obligations,
      and 

      “C” is [redacted for propriety reasons], and

	 	 	 
	 	(b) 	
      interest on such amount at the rate of 12% per annum, calculated from the date of the notice from the Buyer to the Seller pursuant to Section 15 until the date of payment of such amount plus interest in full. 



“Delivery Date” means the last
Business Day of each calendar month during the Delivery Period. 

“Delivery Obligations” means the
obligation of the Seller to deliver the Purchased Gold Ounces to the Buyer under
this Agreement and each and all of the Seller Entities’ related covenants and
obligations under this Agreement (for greater certainty, including Monthly
Delivery Requirements) and any Security Agreement to which it is a party, as
applicable. 

“Delivery Period” means the
period commencing on June 1, 2014 and ending on the Final Delivery Date. 

“Designated Jurisdiction” means
Canada, the United Kingdom or such other location as may be agreed between the
Buyer and the Seller. 

“Disclosure Schedule” means the
disclosure schedule delivered on the date hereof by the Seller to the Buyer
setting forth exceptions to, and disclosures with respect to, the
representations and warranties set forth in Section 17 and Schedule G. 

“Effective Date” means the date
on which the Buyer pays the Purchase Price to the Seller, or such Person as
directed by the Seller, which, subject to the satisfaction of the conditions set
out in Section 4, shall be the date on which the Acquisition is completed, or
such other date as may be agreed to in writing by the Seller and the Buyer. 

“Encumbrance” means any
mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, security interest, priority or
other security agreement, preferential arrangement or encumbrance of any kind or
nature whatsoever, including any conditional sale or other title retention
agreement or the interest of a lessor under a Capital Lease or prior claims or
royalties of any nature whatsoever, whether registered or recorded or
unregistered or unrecorded. 

“Environment” means the ambient
air, all layers of the atmosphere, surface water, underground water, all land
(surface and underground), all living organisms and the interacting natural
systems that include components of air, land, water, organic and inorganic
matter and living organisms, and includes indoor and underground spaces. 

“Environmental Laws” means any
Applicable Law relating to the Environment, occupational health or safety,
industrial hygiene, product liability or any past, present or future activity,
event or circumstance in respect of any Hazardous Materials (including the use,
handling, transportation, production, disposal,
discharge or storage thereof or the terms of any Authorization issued in
connection therewith) or the environmental conditions on, under or about any
real property (including soil, groundwater and indoor, underground and ambient
air conditions). 




- 6 - 

“Event of Default” has the
meaning set forth in Section 14.

“Facility Agreement” means the
senior secured facility agreement dated February 11, 2014 among the Seller, the
guarantors party thereto, Royal Capital Management Inc., as security Agents', and
the lenders party thereto, as amended, restated, modified, supplemented or
replaced from time to time in accordance with the terms of this Agreement. 

“Final Delivery Date” means the
date on which all of the Purchased Gold Ounces have been delivered to the Buyer
in accordance with this Agreement. 

“Fire Creek Owner” means Klondex
Gold & Silver Mining Company, a corporation existing under the laws of
Nevada. 

“Fire Creek Project” means the
Fire Creek gold project located in the State of Nevada, U.S.A., including the
Fire Creek Property, the mining production, processing, recovery, sale,
transportation, storage and delivery operations and related assets and other
assets located on or at or used in connection with the Fire Creek Property or to
mine Minerals from the Fire Creek Property, including all Minerals,
Authorizations, Other Rights, tailings, fixtures, mines, facilities, equipment
and inventory, existing or to be developed, constructed, and operated at or in
respect of the Fire Creek Property, including infrastructure assets, tailings
management facilities and other plants.

“Fire Creek Property” means all
right, title and interest of any of the Seller Entities to: 

	 	(a) 	
      patented claims, fee title and unpatented mining and
      millsite claims and all accessions and successions thereto, whether
      created privately or through government action, mineral rights and surface
      rights, whether owned or leased, in each case used in connection with the
      Fire Creek Project, including any of the foregoing described in Schedule
      B;

	 	 	 
	 	(b) 	
      all water, water rights and the permits and other
      evidence of authority or approval to appropriate and/or use ground or
      surface water in connection with the properties and rights referred to
      above, including the water rights described in Schedule B;

	 	 	 
	 	(c) 	
      all Minerals, Authorizations and Other Rights, all other
      property, tailings, buildings, structures, facilities and fixtures used,
      affixed or situated thereon, Utility Commitments and other rights or
      assets in each case relating to the interests referred to in (a) and (b)
      above; and

	 	 	 
	 	(d) 	
      any of the foregoing subsequently
  acquired.



“GAAP” means generally accepted
accounting principles for publicly accountable enterprises at the relevant time
determined with reference to The Handbook of the Canadian Institute of Chartered
Accountants, as amended from time to time, which for certainty, for financial
periods beginning on or after January 1, 2011, are International Financial
Reporting Standards; provided that, with respect to the Midas Entities for
periods prior to completion of the Acquisition, “GAAP” means United States
generally accepted accounting principles. 




- 7 - 

“Governmental Body” means the
government of Canada, the United States of America or any other nation, or of
any political subdivision thereof, whether state, provincial or local, and any
agency, authority, instrumentality, regulatory body, court, arbitrator or
arbitrators, tribunal, central bank or other entity exercising executive,
legislative, judicial or arbitral, taxing, regulatory or administrative powers
or functions (including any applicable stock exchange). 

“Hazardous Materials” means any
pollutant or Contaminant, including any hazardous, dangerous, registrable or
toxic chemical, material or other substance within the meaning of any
Environmental Law. 

“Indebtedness” of any Person
means, without duplication: 

	 	(a) 	
      all obligations of such Person for borrowed money and all
      obligations of such Person evidenced by bonds, debentures, notes, bills or
      other similar instruments;

	 	 	 
	 	(b) 	
      all obligations, contingent or otherwise, relative to the
      face amount of all letters of credit, whether or not drawn, and banker’s
      acceptances issued for such Person’s account;

	 	 	 
	 	(c) 	
      all obligations under any Capital Lease of such
      Person;

	 	 	 
	 	(d) 	
      all obligations of such Person in respect of the deferred
      purchase price of property or services (excluding current accounts payable
      incurred in the ordinary course of business);

	 	 	 
	 	(e) 	
      all obligations secured by (or for which the holder of
      such obligations has an existing right, contingent or otherwise, to be
      secured by) any Encumbrance upon or in property owned by such Person, even
      if such Person has not assumed or become liable for the payment of such
      obligations or such obligations are limited in recourse;

	 	 	 
	 	(f) 	
      all obligations of such Person created or arising under
      any conditional sale or other title retention agreement with respect to
      property acquired by such Person (even if the rights and remedies of the
      seller or lender under such agreement in the event of default are limited
      to repossession or sale of such property);

	 	 	 
	 	(g) 	
      all guarantees, indemnities and other obligations
      (contingent or otherwise) of such Person in respect of Indebtedness of
      another Person; and

	 	 	 
	 	(h) 	
      all obligations of such Person to purchase, redeem,
      retire, defease or otherwise acquire for value any equity, ownership or
      profit interests in such Person within ten years from the date of issuance
      thereof.



“Intercreditor Agreement” means
the priority agreement entered into between, among others, the Seller, the Buyer
and Royal Capital Management Corp. on the date of this Agreement. 

“Klondex BC Holdco” means
0985472 BC Ltd., a corporation existing under the laws of British Columbia. 

“Klondex Entities” means the
Seller Entities other than, prior to the completion of the Acquisition, the
Midas Entities. 

“Klondex Holdings” means Klondex
Holdings (USA) Inc., a corporation existing under the laws of Nevada. 




- 8 - 

“Loan” means the loan in the
aggregate principal amount of $25,000,000 provided to the Seller pursuant to the
Facility Agreement by the lenders thereunder. 

“Losses” means any and all
damages, claims, losses, lost profits, liabilities, fines, injuries, costs,
penalties and expenses (including reasonable legal fees). 

“Material Adverse Effect” means
any change, event, occurrence, condition, circumstance, effect, fact or
development that has, or could reasonably be expected to have, a material and
adverse effect on: 

	 	(a) 	
      the operations, results of operations, business, affairs,
      properties, assets, liabilities and obligations (contingent or otherwise),
      capitalization or condition (financial or otherwise) of the Seller
      Entities taken as a whole;

	 	 	 
	 	(b) 	
      the Midas Mine (including the ability of the Seller
      Entities to operate the Midas Mine as currently operated and substantially
      in accordance with the mine plan for the Midas Mine in effect at the time
      of the occurrence of the Material Adverse Effect);

	 	 	 
	 	(c) 	
      the Fire Creek Project (including the ability of the
      Seller Entities to construct, develop or operate the Fire Creek Project
      substantially in accordance with the applicable development or mine plan
      for the Fire Creek Project in effect at the time of the occurrence of the
      Material Adverse Effect);

	 	 	 
	 	(d) 	
      the ability of any Seller Entity to perform its
      obligations under any Transaction Document to which it is a
  party;

	 	 	 
	 	(e) 	
      the legality, validity, binding effect or enforceability
      of any Transaction Document or the rights and remedies of the Buyer or any
      of its Affiliates under any of the Transaction Documents; or

	 	 	 
	 	(f) 	
      the validity, perfection or priority of security under
      any Security Agreement.



“Midas Entities” means Midas
Holdings and the Midas Owner. 

“Midas Holdings” means Newmont
Midas Holdings Limited, a corporation existing under the laws of Nevada. 

“Midas Mine” means the Midas
mine and related ore milling facility located in the State of Nevada, U.S.A.,
including the Midas Property, the mining production, processing, recovery, sale,
transportation, storage and delivery operations and related assets and other
assets located on or at or used in connection with the Midas Property or to mine
Minerals from the Midas Property, including all Minerals, Authorizations, Other
Rights, tailings, fixtures, mines, facilities, equipment and inventory, existing
or to be developed, constructed, and operated at or in respect of the Midas
Property, including infrastructure assets, tailings management facilities and
other plants.

“Midas Owner” means Newmont
Midas Operations Inc., a corporation existing under the laws of Nevada. 

“Midas Property” means all
right, title and interest of any of the Seller Entities to: 




- 9 - 

	 	(a) 	
      patented claims, fee title and unpatented mining and
      millsite claims and all accessions and successions thereto, whether
      created privately or through government action, mineral rights and surface
      rights, whether owned or leased, in each case used in connection with the
      Midas Mine, including any of the foregoing described in Schedule
  A;

	 	 	 
	 	(b) 	
      all water, water rights and the permits and other
      evidence of authority or approval to appropriate and/or use ground or
      surface water in connection with the properties and rights referred to
      above, including the water rights described in Schedule A;

	 	 	 
	 	(c) 	
      all Minerals, Authorizations and Other Rights, all other
      property, buildings, structures, facilities and fixtures used, affixed or
      situated thereon, Utility Commitments and other rights or assets, in each
      case relating to the interests referred to in (a) and (b) above;
  and

	 	 	 
	 	(d) 	
      any of the foregoing subsequently
  acquired.



“Minerals” means any and all
metals, minerals and mineral rights of every nature and kind, including metals,
precious metals, base metals, gems, diamonds, industrial minerals, commercially
valuable rock, aggregate, clays, and diatomaceous earth, hydrocarbons, oil, gas,
and other materials in whatever form or state. 

“Monthly Average Gold Price”
means, for any given calendar month, the monthly average of the London p.m. fix
for gold as quoted in United States dollars by the London Bullion Market
Association (or any successor metals exchange) for such month, calculated by
dividing the sum of all such quotations during such month by the number of such
quotations. 

“Monthly Delivery Requirements”
means, for each calendar month ending during and including the last day of the
Delivery Period, the applicable number of ounces of Refined Gold for such month
set out in Schedule D. 

“Monthly Operational Report”
means a written report in relation to a calendar month with respect to each of
the Midas Mine and the Fire Creek Project, to be prepared by or on behalf of the
Seller for each month, which shall include all of the information contained in
the monthly operating reports prepared and provided to the board of directors of
any of the Seller Entities and, to the extent not contained in such reports,
will also contain, for such month: 

	 	(a) 	
      types, tonnes and grade of Minerals mined;

	 	 	 
	 	(b) 	
      types, tonnes and grade of Minerals stockpiled;

	 	 	 
	 	(a) 	
      with respect to the processing facilities, the types,
      tonnes and grade of processed Minerals; recoveries for gold, silver and
      other Minerals; and doré weight and gold and silver grade;

	 	 	 
	 	(b) 	
      the number of ounces of gold and silver and the quantity
      of other Minerals contained in the material processed during such month,
      but not delivered to a purchaser by the end of such month;

	 	 	 
	 	(c) 	
      the number of ounces of gold and silver and the quantity
      of other Minerals produced and delivered to a purchaser;

	 	 	 
	 	(c) 	
      the amount and a description of operating and capital
      expenditures; and







- 10 - 

	 	(d) 	
      any material changes from the most recent production
      forecasts provided to the Buyer.



“National Instrument 43-101”
means National Instrument 43-101 – Standards of Disclosure for Mineral Projects
of the Canadian Securities Administrators (or any successor instrument, rule or
policy). 

“Notice of Offer” has the
meaning set out in Section 10(b). 

“Offered Interest” has the
meaning set out in Section 10(b). 

“Other Properties” means, except
to the extent constituting part of the Properties, all right, title and interest
of any of the Seller Entities to: 

	 	(a) 	
      patented claims, fee title and unpatented mining and
      millsite claims and all accessions and successions thereto, whether
      created privately or through government action, mineral rights and surface
      rights, whether owned or leased, including any of the foregoing described
      in Schedule C;

	 	 	 
	 	(b) 	
      all water, water rights and the permits and other
      evidence of authority or approval to appropriate and/or use ground or
      surface water in connection with the properties and rights referred to
      above, including the water rights described in Schedule C;

	 	 	 
	 	(c) 	
      all Minerals, Authorizations and Other Rights, all other
      property, buildings, structures, facilities and fixtures used, affixed or
      situated thereon, Utility Commitments and other rights or assets, in each
      case relating to the interests referred to in (a) and (b) above;
  and

	 	 	 
	 	(d) 	
      any of the foregoing subsequently
  acquired.



“Other Rights” means all
licenses, approvals, authorizations, consents, rights (including surface rights,
access rights and rights of way), privileges, concessions or franchises held by
the Seller Entities or required to be obtained from any Person (other than a
Governmental Body), for the construction, development and operation of the Midas
Mine and/or Fire Creek Project, as applicable, as such construction, development
and operation is contemplated by the current or then applicable development or
mine plan, as the case may be. 

“Order” means any order,
directive, decree, judgment, ruling, award, injunction, direction or request of
any Governmental Body or other decision-making authority of competent
jurisdiction.

 “Parties” means the
parties to this Agreement and “Party” means any one of the Parties. 

“Permitted Encumbrances”
means:

	 	(a) 	
      Encumbrances arising by operation of law for Taxes,
      assessments or governmental charges not yet due or being contested in good
      faith by appropriate proceedings diligently conducted and for which
      reserves satisfactory to the Buyer have been established and provided that
      the Encumbrance is released prior to any enforcement action against any
      property of the Seller Entities;

	 	 	 
	 	(b) 	
      statutory liens of mechanics, materialmen, shippers,
      warehousemen, carriers, and other similar Persons for services or
      materials arising in the ordinary course of business for which: (i)
      payment is not past due; or (ii) payment is due but is being contested in
      good faith by appropriate and lawful proceedings diligently
      conducted and for which reserves satisfactory to the Buyer have been
      established and provided that the Encumbrance is released prior to any
  enforcement action against any property of the Seller Entities;







- 11 - 

	 	(c) 	
      nonconsensual liens incurred or deposits made in the
      ordinary course of business in connection with workers’ compensation,
      unemployment insurance and other types of social security;

	 	 	 
	 	(d) 	
      Encumbrances specifically identified and listed on the
      Disclosure Schedules;

	 	 	 
	 	(e) 	
      Encumbrances granted in the Transaction
  Documents;

	 	 	 
	 	(f) 	
      Encumbrances granted pursuant to the Facility
      Agreement;

	 	 	 
	 	(g) 	
      Purchase Money Liens securing Indebtedness referred to in
      Section 11(c)(ii);

	 	 	 
	 	(h) 	
      Permitted Working Capital Security securing Indebtedness
      referred to in Section 11(c)(i);

	 	 	 
	 	(i) 	
      Encumbrances arising from the right of distress enjoyed
      by landlords or Encumbrances otherwise granted to landlords, in either
      case, to secure the payment of arrears of rent in respect of leased
      properties and customarily granted in the applicable jurisdiction;
      provided that such rent is not then overdue and the Seller Entities are
      then in compliance in all material respects with the terms of the lease or
      sublease in respect of such leased properties and provided further that
      any such Encumbrances are limited to property of the Seller Entities
      located at the premises subject to the applicable lease or
  sublease;

	 	 	 
	 	(j) 	
      zoning restrictions, easements, rights of way, survey
      exceptions, encroachments, covenants, licenses, reservations, leasehold
      interests, restrictions on the use of real property or minor
      irregularities incident thereto which do not (i) secure obligations for
      the repayment of money, or (ii) in the aggregate materially detract from
      the value or use of the property or assets of the Seller Entities or
      impair, in any material manner, the use of such property for the purposes
      for which such property is held or intended to be used by the Seller
      Entities;

	 	 	 
	 	(k) 	
      the paramount title of the United States as to any
      unpatented mining claims and millsite claims and any rights of third
      parties to the lands within such unpatented mining claims and millsite
      claims pursuant to Multiple Mineral Development Act of 1954 and the
      Surface Resources and Multiple Use Act of 1955 and the regulations
      of the Department of the Interior promulgated in accordance with the
      foregoing statutes;

	 	 	 
	 	(l) 	
      Encumbrances of a depository institution arising solely
      by virtue of any statutory or common law provision relating to banker’s
      liens, rights of setoff, or similar rights and remedies as to deposit
      accounts or other funds maintained with such institution, provided that
      (i) such deposit account is not a dedicated cash collateral account and is
      not subject to restrictions against access by a Seller Entity in excess of
      those set forth by regulations promulgated by any Governmental Body, and
      (ii) such deposit account is not intended by the applicable Seller
      Entities to provide collateral to the depository institution;

	 	 	 
	 	(m) 	
      Encumbrances consisting of pledges of cash or near cash
      assets made to secure or facilitate the provision of security for the
      performance of bids, trade contracts, leases, public or statutory
      obligations (including but not limited to environmental, reclamation
    or other similar obligations) or other obligations of a like
      nature (including surety, appeal or performance bonds), in each case
      incurred in the ordinary course of business (other than for
    Indebtedness);








- 12 - 

	 	(n) 	
      any undetermined or inchoate lien or privilege incidental
      to current operations that has not been filed pursuant to law or that
      relates to obligations not due or delinquent;

	 	 	 
	 	(o) 	
      any right reserved to or vested in any Governmental Body
      by the terms of any Authorization held or acquired by a Person in the
      ordinary course of its business, or by any statutory provision, to
      terminate the Authorization or to require annual or other periodic
      payments as a condition of the continuance thereof;

	 	 	 
	 	(p) 	
      any Encumbrance created or assumed by a Person in favor
      of a public utility or Governmental Body when required by the utility or
      Governmental Body in connection with the operations of such Person in the
      ordinary course;

	 	 	 
	 	(q) 	
      any reservations, limitations, provisos and conditions
      expressed in original grants from any Governmental Body;

	 	 	 
	 	(r) 	
      any Encumbrance arising from court or arbitral
      proceedings, provided that the claims secured thereby or the amount
      thereof do not exceed [redacted for proprietary reasons] and
      are being contested at the time in good faith by proper legal proceedings,
      execution thereon has been stayed and the same is not, in the opinion of
      the Buyer, acting reasonably, expected to result in a Material Adverse
      Effect;

	 	 	 
	 	(s) 	
      deposits of cash or securities in connection with any
      appeal or contestation of any Encumbrance; and

	 	 	 
	 	(t) 	
      such other Encumbrances as may be approved in writing by
      the Buyer from time to time, whether or not such Encumbrances are
      registered against the Collateral or otherwise.



“Permitted Refinancing
Indebtedness” means Indebtedness of any Seller Entity the net proceeds of
which are used to replace, refinance, defease or discharge the Loan (or any
other Permitted Refinancing Indebtedness), in whole but not in part, provided
that (i) the principal amount of such Permitted Refinancing Indebtedness does
not exceed the principal amount of the Indebtedness so replaced, refinanced,
defeased or discharged (plus the amount of all fees, and expenses and premiums
incurred in connection therewith); (ii) such Indebtedness has a maturity date
which is after the date of the Indebtedness being replaced, refinanced, defeased
or discharged, and a weighted average life to maturity equal to or greater than
the Indebtedness being replaced, refinanced, defeased or discharged, and (iii)
such Indebtedness is either (a) unsecured or (b) secured only against the
Collateral and, in the case of (b), the lenders thereunder have agreed to be
bound by an intercreditor agreement with the Buyer which is at least as
favourable to the Buyer (as determined by it, acting reasonably) as the
Intercreditor Agreement.

“Permitted Working Capital Debt”
has the meaning set forth in Section 11(c).

“Permitted Working Capital
Security” has the meaning set forth in Section 11(c). 

“Person” means and includes
individuals, corporations, bodies corporate, limited or general partnerships,
joint stock companies, limited liability companies, joint ventures,
associations, companies, trusts, banks, trust
companies, Governmental Bodies or any other type of organization or entity,
whether or not a legal entity. 




- 13 - 

“Personal Property Security
Legislation” means with respect to the State of Nevada, Article 9 of the
Uniform Commercial Code to the extent adopted in such State from time to time,
and with respect to other applicable jurisdictions, the personal property
security legislation in effect therein from time to time. 

“Properties” means,
collectively, the Midas Property and the Fire Creek Property. 

“Purchased Gold Ounces” has the
meaning set out in Section 3(a). 

“Purchase Money Lien” means an
Encumbrance created or incurred by a Person securing Indebtedness incurred to
finance the acquisition of personal property (including the costs of
installation thereof), provided that: 

	 	(a) 	
      such lien is created substantially simultaneously with
      the acquisition of such property;

	 	 	 
	 	(b) 	
      such lien does not at any time encumber any property
      other than the property financed by such Indebtedness;

	 	 	 
	 	(c) 	
      the amount of Indebtedness secured thereby is not
      increased subsequent to such acquisition; and

	 	 	 
	 	(d) 	
      the principal amount of Indebtedness secured by such lien
      at no time exceeds 100% of the original purchase price of such property
      and the cost of installation thereof; and

	 	 	 
	 	(e) 	
      for the purposes of this definition, the term
      “acquisition” includes a Capital Lease.



“Purchase Price” means
$33,763,640, being the purchase price for the Purchased Gold Ounces. 

“Records” means all of the
Seller Entities’ present and future books, records and data of every kind or
nature, including books of account, purchase and sale agreements, invoices,
ledger cards, bills of lading and other shipping evidence, statements,
correspondence, memoranda, credit files, electronically stored data and other
data, together with the tapes, disks, diskettes, drives and other data and
software storage media and devices, file cabinets or containers in or on which
the foregoing are stored (including any rights of a Seller Entity with respect
to the foregoing maintained with or by any other Person). 

“Refined Gold” means marketable
metal bearing material in the form of gold bars or coins that is refined to a
minimum 995 parts per 1,000 fine gold. 

“ROFR Exercise Notice” has the
meaning set out in Section 10(d).

“Sales Taxes” means sales,
transfer, turnover, VAT or value added Taxes of any nature or kind. 

“Security” means the
Encumbrances on the Collateral created by the Security Agreements. 

“Security Agreements” means the
guarantees and security documents listed on Schedule E hereto, together with
such other agreements made in favour of the Buyer from time to time guaranteeing
or securing or intending to guarantee or secure the obligations of the Seller
due to the Buyer under this Agreement. 




- 14 - 

“SEDAR” means the System for
Electronic Document Analysis and Retrieval. 

“Seller” has the meaning set out
on the first page of this Agreement. 

“Seller Entity” means the
Seller, Klondex BC Holdco, Klondex Holdings, the Fire Creek Owner, Midas
Holdings, the Midas Owner and each of their Subsidiaries. 

“Solvent” means, when used with
respect to a Person, that: 

	 	(a) 	
      the fair saleable value of the assets of such Person is
      in excess of the total amount of the current value of its liabilities
      (including for purposes of this definition all liabilities (including loss
      reserves), whether or not reflected on a balance sheet prepared in
      accordance with GAAP and whether direct or indirect, fixed or contingent,
      secured or unsecured, disputed or undisputed);

	 	 	 
	 	(b) 	
      such Person is able to pay its debts or obligations in
      the ordinary course as they mature;

	 	 	 
	 	(c) 	
      such Person has capital sufficient to carry on its
      business; and

	 	 	 
	 	(d) 	
      such Person is not otherwise insolvent as defined by any
      Applicable Law;



and “Insolvent” shall have a
correlative meaning. 

“Subsidiary” means with respect
to any Person, any other Person which is controlled directly or indirectly by
that Person. 

“Taxes” means all taxes of any
kind or nature whatsoever including corporation taxes, capital taxes, realty
taxes (including utility charges which are collectible like realty taxes), net
proceeds of mines tax, privilege taxes, excise taxes, business taxes, property
transfer taxes, income taxes, Sales Taxes, customs duties, payroll taxes,
levies, stamp taxes, royalties, duties, and all fees, including claim fees,
deductions, compulsory loans and withholdings imposed, levied, collected,
withheld or assessed as of the date hereof or at any time in the future, by any
Governmental Body of any jurisdiction whatsoever having power to tax, together
with penalties, fines, additions to tax and interest thereon. 

“Term Notes” means the senior
secured term notes issued by the Seller under the Facility Agreement. 

“Third Party Offer” has the
meaning set out in Section 10(b).

“Third Party Offeror” has the
meaning set out in Section 10(b). 

“Threshold Amount” means
$2,500,000.

“Time of Delivery” has the
meaning set forth in Section 3(e). 

“Transaction Documents” means,
collectively, this Agreement, the Intercreditor Agreement, the Security
Agreements, the Disclosure Schedule and each other agreement, document,
instrument or certificate delivered for the benefit of the Buyer and its
Affiliates pursuant to or otherwise in connection with any of this Agreement,
the Intercreditor Agreement, the Security Agreements and the Disclosure
Schedule. 




- 15 - 

“Transfer”, when used as a verb,
means to sell, grant, assign, encumber, hypothecate, pledge or otherwise dispose
of or commit to dispose of, directly or indirectly, including through mergers,
arrangements, amalgamations, consolidations, asset sales or spin out
transactions. When used as a noun, “Transfer” means a sale, grant,
assignment, pledge or disposal or the commitment to do any of the foregoing,
directly or indirectly, including through mergers, arrangements, amalgamations,
consolidations, asset sales or spin out transactions. “Transfer” shall
not include any relocation or reconfiguration of unpatented mining claims in the
ordinary course of business, or the abandonment of claims to be so relocated or
reconfigured; provided, however, that in each case all modifications to the
Security Agreements reasonably necessary to ensure a valid lien and encumbrance
on the relocated or reconfigured unpatented mining claims are promptly executed
and delivered to the Buyer in form suitable for recordation. 

“TSX” means the Toronto Stock
Exchange. 

“Utility Commitment” means any
water service commitments and agreements, transmission or electrical service
commitments and agreements and other utility commitments and agreements
including the infrastructure, rights of way and easements necessary to provide
the aforementioned utility services. 

	2. 	
      Interpretation.

	 	 	 
		(a) 	
      Interpretation of Certain Matters. In this
      Agreement, unless otherwise specifically provided or unless the context
      otherwise requires:




	 	(i) 	
      the terms “Agreement”, “this Agreement”, “the Agreement”,
      “hereto”, “hereof”, “herein”, “hereby”, “hereunder” and similar
      expressions refer to this Agreement in its entirety and not to any
      particular provision hereof;

	 	 	 
	 	(ii) 	
      references to a “Section” or “Schedule” followed by a
      number or letter refer to the specified Section of or Schedule to this
      Agreement;

	 	 	 
	 	(iii) 	
      references to a Party in this Agreement mean the Party or
      its successors or permitted assigns;

	 	 	 
	 	(iv) 	
      the division of this Agreement into articles and sections
      and the insertion of headings are for convenience of reference only and
      shall not affect the construction or interpretation of this
    Agreement;

	 	 	 
	 	(v) 	
      the words “including”, “includes” and “include” shall be
      deemed to be followed by the words “without limitation”;

	 	 	 
	 	(vi) 	
      any time period within which a payment is to be made or
      any other action is to be taken hereunder shall be calculated excluding
      the day on which the period commences and including the day on which the
      period ends;

	 	 	 
	 	(vii) 	
      whenever any payment is required to be made, action is
      required to be taken or period of time is to expire on a day other than a
      Business Day, such payment shall be made, action shall be taken or period
      shall expire on the next following Business
Day;







- 16 - 

	 	(viii) 	
      references to agreements and other contractual
      instruments shall be deemed to include all subsequent amendments and other
      modifications thereto, but only to the extent such amendments and other
      modifications are not prohibited by the terms of the Transaction
      Documents; and

	 	 	 
	 	(ix) 	
      references to statutes or regulations are to be construed
      as including all statutory and regulatory provisions consolidating,
      amending, supplementing, interpreting or replacing the statute or
      regulation referred to.




	 	(b) 	
      Currency. All references in this Agreement to
      currency or to “$”, unless otherwise expressly indicated, shall be to
      United States dollars.

	 	 	 
	 	(c) 	
      Accounting Principles. Where the character or
      amount of any asset or liability or item of revenue or expense is required
      to be determined, or any consolidation or other accounting computation is
      required to be made, for the purposes of this Agreement and any other
      Transaction Document, including the contents of any certificate to be
      delivered hereunder, such determination, consolidation or computation
      shall, unless the Parties otherwise agree or the context otherwise
      requires, be made in accordance with GAAP applied on a consistent
      basis.

	 	 	 
	 	(d) 	
      Time of Essence. Time shall be of the essence of
      this Agreement.




	3. 	
      Purchase and Sale of Purchased Gold
  Ounces

	 	 	 
		(a) 	
      Purchase and Sale. On and subject to the terms and
      conditions of this Agreement, in consideration of the Purchase Price, the
      Seller agrees to sell and deliver to the Buyer, and the Buyer agrees to
      purchase from the Seller, 38,250 ounces of Refined Gold (the “Purchased
      Gold Ounces”), free and clear of any and all Encumbrances. For greater
      certainty, the Buyer shall not be responsible for any Deductions, all of
      which shall be for the account of the Seller.

	 	 	 
		(b) 	
      Payment. Subject to the satisfaction of the
      conditions set out in Section 4(a), the Buyer shall pay the Purchase Price
      to the Seller (or as directed by the Seller in connection with completion
      of the Acquisition) on the Effective Date. The Purchase Price shall be
      payable in cash by wire transfer to an account to be designated by the
      Seller and notified to the Buyer in writing at least one Business Day
      prior to the Effective Date. The Seller shall use the proceeds of the
      Purchase Price only for the purpose of paying for the
  Acquisition.

	 	 	 
		(c) 	
      Monthly Delivery Requirements. On each Delivery
      Date occurring during the Delivery Period, the Seller shall deliver to the
      Buyer Refined Gold in an amount equal to the applicable Monthly Delivery
      Requirements. The Seller’s delivery obligations are fixed and not
      dependent on whether mining operations are being conducted on the
      Properties or any other properties of the Seller Entities or the results
      of such operations. The Seller shall not be obliged to deliver to the
      Buyer Refined Gold physically mined, produced or extracted from the
      Properties or any other properties of the Seller Entities, provided that
      the Seller shall not deliver any Refined Gold to the Buyer that has been
      purchased directly or indirectly on a commodities exchange. For greater
      certainty, the Seller shall be permitted to deliver to the Buyer Refined
      Gold from a refinery regardless of the origin of the Refined Gold,
      provided that the Refined Gold does not contain any minerals subject to
      conflict minerals legislation (or similar legislation banning the
      purchase, sale, delivery or use of, or requiring verification or reporting
      with respect to, minerals based on their origin) and the delivery of the Refined Gold to the
  Buyer is otherwise made in accordance with Applicable Law.







- 17 - 

	 	(d) 	
      Advance Deliveries. Notwithstanding any other
      provisions of this Agreement, the Seller may at any time deliver to the
      Buyer Refined Gold in advance of the Monthly Delivery Requirements,
      without bonus or penalty. Such advance deliveries of Refined Gold shall be
      credited against the next following Monthly Delivery
  Requirements.

	 	 	 	 
	 	(e) 	
      Manner of Delivery. The Seller shall deliver to
      the Buyer all Refined Gold to be delivered pursuant to the Monthly
      Delivery Requirements by way of credit in metal or physical allocation to
      the metal account designated by the Buyer, or such other location
      specified by the Buyer from time to time, acting reasonably, with such
      details to be specified by the Buyer and notified to the Seller in writing
      at least 10 Business Days prior to a delivery. Delivery of Refined Gold to
      the Buyer shall be deemed to have been made at the time such Refined Gold
      is credited or physically allocated to the designated metal account of the
      Buyer (the “Time of Delivery”). All costs and expenses pertaining
      to each delivery of Refined Gold shall be borne by the Seller provided
      that the Buyer’s account is located in a Designated Jurisdiction and, if
      the Buyer pays any of such costs and expenses, the Seller shall promptly
      reimburse the Buyer for such payments upon receipt of satisfactory
      evidence of the Buyer’s payment of such costs and expenses.

	 	 	 	 
	 	(f) 	
      Passing of Title. Title to, and risk of loss of,
      Refined Gold shall pass from the Seller to the Buyer at the Time of
      Delivery. The Seller represents, warrants and covenants to the Buyer that,
      immediately prior to each Time of Delivery:

	 	 	 	 
	 		(i) 	
      it will be the legal and beneficial owner of the Refined
      Gold credited or physically allocated to the designated metal account of
      the Buyer;

	 	 	 	 
	 		(ii) 	
      it will have good, valid and marketable title to such
      Refined Gold; and

	 	 	 	 
	 		(iii) 	
      such Refined Gold will be free and clear of all
      Encumbrances.





	 	(g) 	
      Notification and Confirmation. The Parties agree
      to the following notification and confirmation protocol in respect of the
      delivery of the Purchased Gold Ounces under this Agreement:

	 	 	 	 	 
	 		(i) 	
      In the case of any deliveries contemplated by Section
      3(d), the Seller shall notify the Buyer in writing at least three Business
      Days before any delivery and credit or physical allocation to the metal
      account specified by the Buyer of:

	 	 	 	 	 
	 			(A) 	
      the number of ounces of Refined Gold to be delivered and
      credited or physically allocated; and

	 	 	 	 	 
	 			(B) 	
      the estimated Time of Delivery.

	 	 	 	 	 
	 		(ii) 	
      At the Time of Delivery, the Seller shall deliver to the
      Buyer an invoice setting out:

	 	 	 	 	 
	 			(A) 	
      the number of ounces of Refined Gold so credited or
      physically allocated; and







- 18 - 

	 	(B) 	
      such other information regarding the Refined Gold so
      delivered as reasonably requested by the Buyer from time to
  time.




	 	(h) 	
      Late Charge. If delivery of Refined Gold is not
      made by the applicable Delivery Date, the Buyer may give the Seller
      written notice of such default. Unless the Seller shall have made such
      delivery within five days of receipt of such notice, an additional cash
      sum equal to [redacted for proprietary reasons] of the value
      of the delinquent delivery determined based on the Monthly Average Gold
      Price for the month during which the Delivery Date occurred (the “late
      charge”) shall be payable to the Buyer, plus interest on such amount and
      the late charge at the rate of [redacted for proprietary reasons]
      per annum, which shall accrue from the day the delinquent delivery
      was due to the date of such delivery in full and the payment of the late
      charge and accrued interest in full.




	4. 	
      Conditions for Payment of Purchase Price

	 	 	 	 
		(a) 	
      Conditions in Favour of the Buyer. The obligation
      of the Buyer to pay the Purchase Price to the Seller shall be subject to
      the following:

	 	 	 	 
			(i) 	
      the Buyer shall have received all documents set out in
      Schedule E and all conditions set out in Schedule E shall have been
      satisfied;

	 	 	 	 
			(ii) 	
      all of the representations and warranties made by the
      Seller Entities pursuant to the Transaction Documents shall be true and
      accurate in all respects as if made on and as of the Effective
  Date;

	 	 	 	 
			(iii) 	
      no Event of Default or Material Adverse Effect shall have
      occurred and be continuing;

	 	 	 	 
			(iv) 	
      no event which with notice or lapse of time or both would
      become an Event of Default shall have occurred and be
continuing;

	 	 	 	 
			(v) 	
      all of the conditions precedent to the completion of the
      Acquisition pursuant to the Acquisition Agreement (other than payment of
      the funds required to complete the Acquisition) shall have been satisfied
      or, in the case of conditions precedent in favour of the Seller, with the
      prior written consent of the Buyer (which shall not be unreasonably
      withheld), waived;

	 	 	 	 
			(vi) 	
      all of the conditions precedent to the funding pursuant
      to the Facility Agreement and the Subscription Receipt Agreement dated as
      of January 9, 2014, between the Seller, GMP Securities L.P. and
      Computershare Trust Company of Canada shall have been satisfied or waived
      and such funding shall be available to be paid to or as directed by the
      Seller for the purposes of completing the Acquisition;

	 	 	 	 
			(vii) 	
      the funds from the Purchase Price to be paid, together
      with the other funds referred to in clause (vi) above, will be sufficient
      to complete the Acquisition;

	 	 	 	 
			(viii) 	
      the 9% Senior Unsecured Notes due January 5, 2015 issued
      by the Seller shall have been repaid in full (such repayment not to exceed
      an amount equal to 102.5% of principal plus any unpaid accrued interest);
      provided that, if the funds referred to in clause (vi) above are to be
      used to repay such notes, the funds from the Purchase Price to be paid,
      together with the remainder of the funds referred
to in clause (vi) above after repayment of such notes, will
  be sufficient to complete the Acquisition; and







- 19 - 

	 	(ix) 	
      the Buyer shall have received a certificate signed by an
      authorized senior officer of the Seller confirming the matters set forth
      in clauses (ii) through (viii) above.





	 	(b) 	
      Conditions in Favour of the Seller. The obligation
      of the Seller to sell and deliver the Purchased Gold Ounces to the Buyer
      shall be subject to the Buyer having paid the Purchase Price and the
      Acquisition having been completed.

	 	 	 
	 	(c) 	
      Obligation to Satisfy Conditions. The Seller shall
      use all commercially reasonable efforts and take all reasonable action as
      may be necessary or advisable to satisfy and fulfill all the conditions
      set forth in this Section 4 as soon as practicable. The Buyer shall
      co-operate with the Seller in exchanging such information and providing
      such assistance as may be reasonably required in connection with the
      foregoing.

	 	 	 
	 	(d) 	
      Waiver of Conditions. Each of the conditions set
      forth in Section 4(a) is for the exclusive benefit of the Buyer, and may
      be waived by the Buyer in writing, in its sole discretion in whole or in
      part.




	5. 	
      Taxes

	 	 	 
		(a) 	
      Taxes Payable by Seller. Except as required by
      Applicable Law or expressly contemplated herein, all deliveries of the
      Purchased Gold Ounces and any other payment or transfer of property of any
      kind made under this Agreement to the Buyer shall be made free and clear
      and without any present or future deduction, withholding, charge or levy
      on account of Taxes, without setoff or counterclaim. The Seller shall be
      liable for all such Taxes directly or indirectly imposed on the Buyer and
      shall indemnify and save the Buyer harmless from any such Taxes imposed on
      the Buyer.

	 	 	 
		(b) 	
      Gross-up. All Taxes, if any, as are required by
      Applicable Law to be so deducted, withheld, charged or levied by the
      Seller on any such delivery (or payment, as applicable), shall be paid by
      the Seller delivering (or paying, as applicable) to the Buyer or on its
      behalf, in addition to such delivery (or payment, as applicable), such
      additional deliveries (or payments, as applicable) as are necessary to
      ensure that the net delivery (or payment, as applicable) received by the
      Buyer (net of any such Taxes, including any Taxes required to be deducted,
      withheld, charged or levied on any such additional amount) equals the full
      delivery (or payment, as applicable) that the Buyer would have received
      had no such deduction, withholding, charge or levy been
required.

	 	 	 
		(c) 	
      Additional Taxes. Notwithstanding Sections 3(a),
      5(a) and 5(b), the Buyer shall be responsible for, and the Seller shall be
      entitled to deduct, withhold, charge or levy, any additional Taxes in
      respect of deliveries of the Purchased Gold Ounces and any other payment
      or transfer of property of any kind made under this Agreement to the Buyer
      where such additional Taxes arise solely because the Buyer is not resident
      in Canada for purposes of the Income Tax Act (Canada) or the
      location of the Buyer’s specified metal account is not located in a
      Designated Jurisdiction. For greater certainty, such additional Taxes
      shall be limited to the amount by which the Taxes required to be deducted,
      withheld, charged or levied in respect of deliveries of the Purchased Gold
      Ounces and any other payment or transfer of property of any kind made
      under this Agreement to the Buyer because the Buyer is not resident in
      Canada for purposes of the Income Tax
Act (Canada) or the location of the Buyer’s specified metal
      account is not located in a Designated Jurisdiction exceeds the Taxes that
      would have been deducted, withheld, charged or levied had the Buyer been
      resident in Canada for purposes of the Income Tax Act (Canada) or
      the location of the Buyer’s metal account been in a Designated
Jurisdiction, as the case may be.







- 20 - 

	 	(d) 	
      Withholding by Buyer. To the extent required by
      Applicable Law, the Buyer may deduct, withhold, charge or levy, any Taxes
      imposed by any Governmental Authority on the Seller or any of its
      Affiliates, or otherwise required to be withheld, in respect of any
      payment made by the Buyer to the Seller or any of its Affiliates under
      this Agreement.

	 	 	 
	 	(e) 	
      Application to Guarantors. The provisions of
      Sections 5(a), 5(b) and 5(c) shall also apply to all deliveries and
      payments made by any other Seller Entity to the Buyer whether made
      pursuant to its guarantee obligations under the Securities Documents or
      otherwise.

	 	 	 
	 	(f) 	
      Cooperation. The Parties agree to reasonably
      cooperate to: (i) ensure that no more Taxes, duties or other charges are
      payable than is required under Applicable Law; and (ii) obtain a refund or
      credit of any Taxes which have been overpaid.

	 	 	 
	 	(g) 	
      Tax Planning. Following the execution and delivery
      of this Agreement, each of the Parties will co-operate reasonably with the
      other Party in implementing any proposed adjustments to the structure or
      terms of this Agreement to facilitate tax planning, provided that such
      adjustments have no material adverse impact on the non-proposing Party and
      that the costs of such adjustments shall be paid for by the proposing
      Party.





	6. 	
      Reporting Obligations

	 	 	 	 
		(a) 	
      Reports. The Seller shall deliver or cause to be
      delivered to the Buyer:

	 	 	 	 
			(i) 	
      within 15 days after the end of each calendar month, a
      Monthly Operational Report in respect of the Midas Mine and the Fire Creek
      Project;

	 	 	 	 
			(ii) 	
      within 45 days after the end of each fiscal year, an
      Annual Operational Report, which shall be accompanied by an Annual
      Compliance Certificate dated the date on which such Annual Compliance
      Certificate is delivered to the Buyer; and

	 	 	 	 
			(iii) 	
      at least 45 days before the beginning of each fiscal
      year, an Annual Forecast Report.




	 	(b) 	
      Financial Statements. Except if the Seller is a
      reporting issuer and such materials are filed on SEDAR prior to the dates
      specified below, the Seller shall deliver to the Buyer:

	 	 	 	 
	 		(i) 	
      within 45 days after the end of each of the first three
      fiscal quarters of each fiscal year, a copy of the Seller’s interim
      consolidated financial statements; and

	 	 	 	 
	 		(ii) 	
      within 90 days after the end of each fiscal year, a copy
      of the Seller’s audited annual consolidated financial
statements.

	 	 	 	 
	 	(c) 	
      Shareholder Documents. Except if the Seller is a
      reporting issuer and such materials are filed on SEDAR promptly after they
      become available, the Seller shall promptly deliver to the Buyer a copy of each management
      information circular and other notices issued to its
  shareholders.







- 21 - 

	 	(d) 	
      Geological Reports. Except if the Seller is a
      reporting issuer and such materials are filed on SEDAR promptly after they
      become available, the Seller shall promptly deliver to the Buyer a copy
      any technical reports prepared in accordance with National Instrument 43-
      101 or initial or updated mineral reserve and mineral resource estimates
      produced that pertain to the Properties.

	 	 	 
	 	(e) 	
      Claims Fee Filings and Payment Receipts. By no
      later than August 1st of each year, the Seller shall deliver to the Buyer
      documentation of acknowledgement by the United States Bureau of Land
      Management that the annual maintenance fees for all unpatented mining
      claims within the Properties have been paid, and copies of the Affidavit
      and Notice of Intent to Hold Claims recorded in the State of Nevada with
      respect to the Properties.

	 	 	 
	 	(f) 	
      Development and Mine Plans. The Seller shall
      promptly deliver to the Buyer a copy of the current development plan or
      mine plan, as applicable, for each of the Midas Mine and the Fire Creek
      Project, and a new copy thereof promptly upon any material amendment
      thereto.

	 	 	 
	 	(g) 	
      Other Notices. The Seller shall deliver to the
      Buyer:





	 	(i) 	
      promptly after the Seller has knowledge or becomes aware
      thereof, notice of the occurrence of any Event of Default;

	 	 	 
	 	(ii) 	
      promptly after the Seller has knowledge or becomes aware
      thereof, written notice of all actions, suits and proceedings before any
      Governmental Body or arbitrator, pending or threatened, against or
      directly affecting any Seller Entity, the Midas Mine, the Fire Creek
      Project or any other mineral project of the Seller Entities, including any
      actions, suits, claims, notices of violation, hearings, investigations or
      proceedings against or affecting any Seller Entity, or with respect to the
      ownership, use, maintenance and operation of its properties, including
      those relating to Environmental Laws;

	 	 	 
	 	(iii) 	
      promptly after the Seller has knowledge or becomes aware
      thereof, written notice of any other condition or event which has
      resulted, or that could reasonably be expected to result, in a Material
      Adverse Effect; and

	 	 	 
	 	(iv) 	
      such other statements, lists of property and accounts,
      budgets, forecasts, projections, reports, or other information respecting
      the operations, properties, business or condition (financial or otherwise)
      of any Seller Entity (including with respect to the Collateral) as the
      Buyer may from time to time reasonably request.



Each notice pursuant to clauses (i)
through (iii) above shall be accompanied by a written statement by an authorized
senior officer of the Seller setting forth all material information relating to
the occurrence referred to therein, including any action which the Seller
Entities have taken or propose to take with respect thereto. 




- 22 - 

	7. 	
      Books and Records; Audits; Inspections

	 	 	 
		(a) 	
      Books and Records. The Seller shall, and shall
      cause each of the Seller Entities to, keep true, complete and accurate
      books and records of all material operations and activities with respect
      to the Properties and any other properties of the Seller Entities, and in
      which complete entries will be made, in accordance with GAAP applied on a
      consistent basis, reflecting all material financial transactions of each
      of the Seller Entities.

	 	 	 
		(b) 	
      Audits. Upon not less than three Business Days’
      notice, the Buyer and its authorized representatives shall be entitled, at
      its own cost and expense, to perform audits or other reviews and
      examinations of the books and records of the Seller Entities to confirm
      compliance by the Seller Entities with the terms of this Agreement and the
      other Transaction Documents. The Seller shall, and shall cause each of the
      Seller Entities to, provide the Buyer with complete access to all the
      Seller Entities’ books and records at the Seller Entities’ offices during
      usual business hours. If any such audits reveal a material breach of any
      provision of this Agreement or the other Transaction Documents, the Seller
      shall reimburse the Buyer for its costs and expenses incurred in such
      audit.

	 	 	 
		(c) 	
      Inspections. At reasonable times and with the
      prior consent of the Seller (not to be unreasonably withheld or delayed),
      the Buyer and its authorized representatives shall have a right of access
      to all surface and subsurface portions of the Properties and any other
      properties of the Seller Entities and to any related operations of the
      Seller Entities for the purpose of enabling the Buyer to monitor
      compliance by the Seller Entities with the terms of this Agreement and the
      other Transaction Documents.

	 	 	 
		(d) 	
      Investor Tours. Upon not less than 10 Business
      Days’ notice to the Seller and up to two times in any fiscal year, the
      Buyer shall have the right to conduct an investors tour on the Properties
      and any facilities associated therewith.

	 	 	 
		(e) 	
      Additional Requirements. Access to the Seller
      Entities’ properties and associated facilities pursuant to Sections 7(c)
      and 7(d) shall be subject to the following: (i) any such access shall be
      at the sole risk and expense of the Buyer, its representatives and its
      invitees; (ii) any such access shall not unreasonably interfere with the
      Seller Entities’ activities and operations; (iii) the Buyer shall comply,
      and request that its representatives and invitees comply, with the
      policies and procedures that the Seller Entities apply to their own
      invitees; (iv) the Buyer shall give the Seller prompt notice of any
      injuries, property damage or environmental harm that may occur during such
      tour; and (v) the Buyer shall indemnify the Seller Entities from any
      Losses (excluding loss of profit and consequential or punitive damages)
      suffered or incurred by any Seller Entity as a consequence of injury to
      the Buyer, or its representatives or invitees incurred during such access,
      provided that the foregoing shall not apply to any Losses to the extent
      they arise primarily from the gross negligence or willful misconduct of
      any Seller Entity.




	8. 	
      Maintenance of Existence and Property

	 	 	 
		(a) 	
      Maintenance of Existence. The Seller shall at all
      times do or cause to be done all things necessary to maintain each of the
      Seller Entities’ corporate or other entity existence and to obtain and,
      once obtained, maintain all Authorizations necessary to carry on its
      business and own its assets in each jurisdiction in which they carry on
      business or in which their assets are located.







- 23 - 

	 	(b) 	
      Maintenance of Properties. The Seller shall at all
      times do or cause to be done all things necessary to maintain the
      Properties and any other properties of the Seller Entities in good
      standing, including paying or causing to be paid all Taxes owing in
      respect thereof, performing or causing to be performed all required
      assessment work thereon, paying or causing to be paid all claim, permit
      and license maintenances fees in respect thereof, paying or causing to be
      paid all rents and other payments in respect of leased properties forming
      a part thereof and otherwise maintaining the Properties and any other
      properties of the Seller Entities in accordance with Applicable
    Laws.

	 	 	 
	 	(c) 	
      Encumbrances. The Seller shall not, and shall
      ensure that the other Seller Entities do not, cause or allow to be
      registered or otherwise permit to exist any Encumbrance other than
      Permitted Encumbrances against any of the Collateral.

	 	 	 
	 	(d) 	
      Abandonment. The Seller shall not, and shall
      ensure that the other Seller Entities do not, abandon any patented or
      unpatented claims comprising part of the Properties or any other interest
      in the Properties unless it first complies with this Section 8(d)
      (provided that in the case of leased properties, the Owner shall comply
      with this Section 8(d) to the extent permitted under the applicable lease
      or sublease). If any Seller Entity wishes to abandon any of the patented
      or unpatented claims comprising part of the Properties or any other
      interest in the Properties (“Abandonment Property”), the Seller
      shall first give notice of such intention to the Buyer at least 90 days in
      advance of the proposed date of abandonment. If, not less than 10 days
      before the proposed date of abandonment, the Seller receives from the
      Buyer written notice that the Buyer wishes to acquire the Abandonment
      Property, the Seller shall, or shall cause the relevant Seller Entity to,
      without additional consideration, convey the Abandonment Property in good
      standing by quit claim deed, without warranty, to the Buyer or an assignee
      thereof, and shall thereafter have no further obligation to maintain title
      to the Abandonment Property. If the Buyer does not give such notice to the
      Seller within the prescribed period of time, the relevant Seller Entity
      may abandon the Abandonment Property and shall thereafter have no further
      obligation to maintain title to the Abandonment Property.

	 	 	 
	 	(e) 	
      Right of Buyer to Cure Defects. The Buyer may
      undertake such investigation of the title and status of the Midas Mine,
      Fire Creek Property and any other properties of the Seller Entities as it
      shall deem necessary. If that investigation should reveal defects in the
      title, the Seller shall forthwith proceed to cure such title defects to
      the satisfaction of the Buyer. If the Seller fails to do so: (i) the Buyer
      may proceed to cure such title defects; (ii) any costs and expenses
      incurred (including attorney’s fees and costs) by the Buyer shall be
      promptly reimbursed by the Seller; and (iii) the Buyer may lien such
      properties for such amounts until the Seller reimburses the Buyer in
      full.




	9. 	
      Management of Mining Operations

	 	 	 
		(a) 	
      Performance of Mining Operations. The Seller shall
      ensure that all exploration, construction, development and mining
      operations and other activities in respect of the Properties will be
      performed in a commercially reasonable manner in compliance with
      Applicable Laws, Authorizations and Other Rights, and in accordance with
      good mining, processing, engineering and environmental practices
      prevailing in the industry. The Seller shall cause the other Seller
      Entities to use all commercially reasonable and lawful efforts to obtain
      and, once obtained, maintain all Authorizations necessary to commence and
      continue development and mining operations on the
  Properties.







- 24 - 

	 	(b) 	
      Maintenance of Mining Rights. The Seller shall
      cause the other Seller Entities to use all commercially reasonable and
      lawful efforts to maintain and apply for and obtain any and all available
      renewals and extensions of the Properties, Authorizations, Other Rights
      and any and all other necessary rights in respect of the Midas Mine, the
      Fire Creek Project, and, other than as would not constitute an Event of
      Default, not abandon any of the Midas Mine or the Fire Creek Project
      (including Utility Commitments) or allow or permit any of the Properties,
      Authorizations, Other Rights or such other necessary rights referred to
      above to terminate or lapse.

	 	 	 
	 	(c) 	
      Compliance with Applicable Laws. The Seller shall,
      and shall cause the other Seller Entities to, and shall cause all
      operations and activities conducted at, on or in respect of the Midas Mine
      and the Fire Creek Project to, comply in all material respects with all
      Applicable Laws, all Authorizations and the terms and conditions of Other
      Rights.

	 	 	 
	 	(d) 	
      Reclamation Obligations. The Seller shall, and
      shall cause each other Seller Entity to, timely and fully perform, pay and
      observe, or cause to be performed, observed and paid, in all material
      respects, any and all liabilities and obligations required by any
      Applicable Laws, Authorizations or the terms and conditions of Other
      Rights or by any Governmental Body for the reclamation, restoration or
      closure of any facility or land used in connection with the Seller
      Entities’ operations or activities at, on or in respect of the Midas Mine
      and the Fire Creek Project or required under this Agreement. The Seller
      shall not, and shall ensure that the other Seller Entities do not,
      undertake, cause, suffer, or permit any condition or activity at, on or in
      the vicinity of the Properties which constitutes or results in a material
      violation of Environmental Laws. If any Seller Entity (i) fails to comply
      with Environmental Laws in any material respect or (ii) undertakes any
      activity giving rise to liability under Environmental Laws (except as
      permitted or authorized by any Authorization or by Applicable Law), the
      Seller shall promptly remedy and correct such failure to comply, satisfy
      such liability and otherwise take all necessary or desirable action to
      cure (whether through remediation, payment of penalties or otherwise) such
      non-compliance or liability and satisfy all obligations in connection
      therewith.




	10. 	
      Royalty and Stream Interests

	 	 	 
		(a) 	
      General Prohibition. The Seller shall not, and
      shall not permit any other Seller Entity to, without the Buyer’s prior
      written consent, create, grant, convey or otherwise agree to any royalty
      or stream interest, or enter into any agreements that are similar to a
      royalty agreement or a stream agreement, in each case in respect of any
      mineral interests of the Seller Entities, whether owned now or hereafter
      acquired, except as expressly permitted by and subject to this Section
      10.

	 	 	 
		(b) 	
      Right of First Refusal. If any Seller Entity
      receives a bona fide written offer (a “Third Party Offer”) from any
      Person dealing at arm’s length with the Seller Entities to purchase a new
      or existing royalty or stream interest (the “Offered Interest”) in
      any mineral interests of the Seller Entities, whether owned now or
      hereafter acquired, for cash consideration, which such Seller Entity
      either wishes to accept or has accepted conditional on and subject to the
      Buyer’s right of first refusal pursuant to this Section 10, the Seller
      shall promptly give notice of the Third Party Offer (the “Notice of
      Offer”) to the Buyer and comply with this Section 10. The Notice of
      Offer must contain a copy of the Third Party Offer, disclose the identity
      and address of the Person making the Third Party Offer (the “Third
      Party Offeror”) and provide reasonably sufficient evidence
  to establish that the Third Party Offeror has the power and
      capacity, including the financial capacity, to complete the purchase of
      the Offered Interest. Upon the Notice of Offer being given, the Buyer will
      have the right to purchase all, but not less than all, of the Offered
      Interest at the same price and upon the same terms and conditions as are
  contained in the Third Party Offer.







- 25 - 

	 	(c) 	
      Determination of Price. If the Offered Interest is
      being offered for sale to the Third Party Offeror together with or in
      conjunction with other unrelated assets of the Seller Entities, the Buyer
      will be entitled to purchase only the Offered Interest and the Notice of
      Offer must specify the Seller’s good faith estimate of the cash being
      offered by the Third Party Offeror for the Offered Interest. If the Buyer
      does not agree with the Seller’s estimate, the value of the cash being
      offered for the Offered Interest shall be conclusively determined by a
      firm of qualified mineral valuators jointly appointed (and the cost of
      which shall be borne equally) by the Seller and the Buyer, each acting
      reasonably. Such determination shall be binding upon the Seller Entities
      and the Buyer. All time periods referred to in this Section 10 shall be
      extended by the time taken to obtain such determination.

	 	 	 
	 	(d) 	
      Exercise and Closing. If the Buyer desires to
      exercise its right to purchase all of the Offered Interest as contemplated
      by Section 10(b), it will give notice of exercise (the “ROFR Exercise
      Notice”) to the Seller within 30 Business Days of having been given
      the Notice of Offer. The giving of the ROFR Exercise Notice shall
      constitute a legally binding agreement between the Buyer and the relevant
      Seller Entity for the sale by such Seller Entity to the Buyer of the
      Offered Interest in accordance with the terms set out in the Third Party
      Offer, which sale transaction will be completed (subject to entry into a
      royalty or stream agreement reflecting the Offered Interest and such other
      customary industry terms in form and substance satisfactory to the Buyer)
      on the date therein provided (or on such other date as the Buyer and such
      Seller Entity may agree) by delivery of the Offered Interest (including
      such agreement referred to above) by such Seller Entity to the Buyer with
      title, free and clear of all Encumbrances arising on or after the date
      such Seller Entity received such Third Party Offer, against payment by the
      Buyer to such Seller Entity of the cash consideration by bank wire
      transfer to the account designated by such Seller Entity. If, at the time
      of completion, any portion of the Offered Interest is subject to any
      Encumbrance arising on or after the date such Seller Entity received such
      Third Party Offer, the Buyer will be entitled to deduct from the purchase
      money to be paid to such Seller Entity the amount required to discharge
      such Encumbrance and will apply such amount to discharge such Encumbrance,
      on behalf of such Seller Entity.

	 	 	 
	 	(e) 	
      No Exercise. If the Buyer does not give the ROFR
      Exercise Notice in accordance with the provisions of Section 10(d), the
      right of the Buyer to purchase the Offered Interest will terminate and the
      Seller Entities may sell all, but not less than all, of the Offered
      Interest to the Third Party Offeror in accordance with the terms of the
      Third Party Offer at any time within 50 Business Days after the expiry of
      the 30 Business Day period specified in Section 10(d). If the sale of the
      Offered Interest is not completed within such 50 Business Day period on
      such terms, the rights of the Parties pursuant to this Section 10 will
      again take effect with respect thereto.

	 	 	 
	 	(f) 	
      Exceptions. The restrictions set out in this
      Section 10 shall not apply to: (i) any royalties or levies imposed by any
      Governmental Body on mineral production; (ii) any royalty interests
      purchased by or granted to a Seller Entity (including the purchase or
      buy-back of any royalty interest previously granted by a Seller
      Entity); (iii) any royalty interests granted by a Seller Entity pursuant
      to a bona fide option or joint venture agreement in respect of the
      Properties or other mineral interests of such Seller Entity (provided the
      entering into of such agreement is not prohibited by the terms of the
      Transaction Documents and that any such royalty interests shall be junior
      in priority to any royalties owned by the Buyer or any of its Affiliates
      on the Properties); or (iv) any royalty or stream interest granted by a
      Seller Entity after a Change of Control of the Seller in respect of
      mineral interests of the Seller Entities acquired after such Change of
      Control (for greater certainty, the restrictions set out in this Section
      10 shall continue to apply to mineral interests of the Seller Entities
      owned as at the time of such Change of Control).








- 26 - 

	 	(g) 	
      Survival. For greater certainty, this Section 10
      shall, pursuant to Section 19(c), survive termination of this
      Agreement.





	11. 	
      Financing Matters

	 	 	 
		(a) 	
      Compliance with Facility Agreement. So long as the
      Loan or any Permitted Refinancing Indebtedness is outstanding, the Seller
      shall, and shall cause each of the other Seller Entities to, comply with
      all of the covenants in the Facility Agreement (or any agreement governing
      any Permitted Refinancing Indebtedness) as in effect from time to time (as
      such covenants may be amended, supplemented or added to from time to
      time), without any waiver thereof and without regard to any amendment
      thereof which has the effect of making such provisions less restrictive on
      the Seller Entities, except as consented to from time to time by the
      Buyer.

	 	 	 
		(b) 	
      Refinancing of Loan. The Seller will not, and will
      cause the other Seller Entities not to, refinance, replace, repurchase or
      enter into any other transaction the effect of which would be to repay the
      Loan and replace it with other Indebtedness, except Permitted Refinancing
      Indebtedness. For greater certainty, this provision will not apply to
      restrict repayments of the Loan in accordance with its terms if such
      repayment or prepayment is not effected with the proceeds of additional
      Indebtedness of any Seller Entity.

	 	 	 
		(c) 	
      Limitation on Indebtedness. The Seller shall
      ensure that none of the Seller Entities shall incur any Indebtedness
      (other than Permitted Refinancing Indebtedness) except: (i) Indebtedness
      solely for ordinary course working capital purposes in an aggregate
      maximum amount at any time outstanding not to exceed [redacted for
      proprietary reasons] (“Permitted Working Capital Debt”);
      (ii) [redacted for proprietary reasons] and (iii) bonds,
      letters of credit, guarantees and other instruments or arrangements
      securing or guaranteeing performance of the Seller Entities’ obligations
      in respect of the reclamation, restoration or closure of any facility or
      land used in connection with the Seller Entities’ operations or activities
      to the extent required by Applicable Law. The Permitted Working Capital
      Debt may be secured against the Collateral provided that the security
      thereunder is expressly subordinated to the security provided under the
      Security Agreements pursuant to an intercreditor agreement between the
      Persons extending such Indebtedness and the Buyer providing for such
      subordination and other customary provisions, all in form and substance
      satisfactory to the Buyer (any such security, and the “Permitted
      Working Capital Security”).

	 	 	 
		(d) 	
      Amendments to Facility Documents. The Seller
      agrees that (i) no Facility Documents (as defined in the Intercreditor
      Agreement) to which any Seller Entity is a party will be amended,
      modified, replaced or supplemented in such manner as to make the terms
      of such Facility Documents less
favourable to any Seller Entity in any material respect (including, for greater
certainty, by increasing the interest rate or fees payable thereunder,
shortening the term to maturity thereof, imposing increased amortization
requirements or imposing additional (or more restrictive) covenants thereunder)
unless such amendment, modification, replacement or supplement is consented to
by the Buyer in writing, and (ii) none of the Seller Entities shall take any
action under or in connection with any of the Facility Documents that would
require or result in payment by any of them of any amount in advance of any
scheduled or mandatory payment, redemption or prepayment date, including
purchasing the Term Notes by tender or private contract (except for refinancing
the Facility Obligations (as defined in the Intercreditor Agreement) with
Permitted Refinancing Indebtedness), unless such action is consented to by the
Buyer in writing. 







- 27 - 

	12. 	
      Insurance Matters

	 	 	 
		(a) 	
      Maintenance of Insurance. The Seller shall, and
      shall cause the other Seller Entities to, maintain with reputable
      insurance companies insurance with respect to the Midas Mine, Fire Creek
      Project and any other mineral projects of the Seller Entities and the
      operations conducted at, on and in respect thereof against such casualties
      and contingencies and of such types and in such amounts as is customary in
      the case of similar operations in the United States of America. Without
      limiting the foregoing, such insurance shall include workers compensation
      insurance in amounts required by Applicable Laws, and commercial general
      liability insurance in such amounts as will, in the Buyer’s reasonable
      judgment, adequately protect the Seller Entities, the Buyer, and the
      Properties and any other mineral projects of the Seller Entities from any
      Losses which may reasonably be expected to arise with respect to this
      Agreement or the Properties or any other mineral projects of the Seller
      Entities and that can be covered by commercial general liability
      insurance.

	 	 	 
		(b) 	
      Shipment of Minerals. The Seller shall, and shall
      cause the other Seller Entities to, ensure that each shipment of Minerals
      is adequately insured in such amounts and with such coverage as is
      customary in the mining industry, until the time that risk of loss and
      damage for such Minerals is transferred to the purchaser.

	 	 	 
		(c) 	
      Additional Insured. The Seller shall cause the
      Buyer to be named a loss payee (as its interests may appear) under all
      property insurance policies of the Seller Entities and as additional
      insured under all liability insurance policies of the Seller
    Entities.

	 	 	 
		(d) 	
      Notice of Loss or Damage. The Seller shall
      promptly provide the Buyer with written notice of any material loss or
      damage suffered to any assets or property of the Seller Entities and
      whether it plans to make any insurance claim.




	13. 	
      Security Matters

	 	 	 
		(a) 	
      Grant of Security Interest. The Seller shall, and
      shall cause each of the other Seller Entities to, grant to the Buyer a
      continuing security interest and a first priority lien on the Collateral,
      including all proceeds and products thereof, subject only to the Permitted
      Encumbrances, as security for the due and punctual performance by the
      Seller of the Delivery Obligations or, in the case of any other Seller
      Entity, its guarantee of the Delivery Obligations of the Seller. The
      Buyer’s security interest and lien on the Collateral shall be further
      evidenced by the Security Agreements and such other security
    documents as the Buyer may at any time reasonably request. The
      Security shall be effective from the Effective Date and continue until the
      Delivery Obligations have been satisfied in full, provided that,
      notwithstanding any other provisions of this Agreement, the Security
      provided by the Midas Entities shall only become effective upon completion
      of the Acquisition and for certainty will continue until the Delivery
      Obligations have been satisfied in full. Upon creating or acquiring any
      other new Subsidiary, the Seller shall cause such Subsidiary to provide
      Security in favour of the Buyer, in substantially the same form as the
  Security Agreements.







- 28 - 

	 	(b) 	
      Renewal. The Seller shall cause the personal
      property registrations relating to the Security to be properly renewed
      under Applicable Law no later than three months before the expiry date
      thereof (if any) to ensure that, except as may be otherwise provided
      herein, at all times until the Final Delivery Date, the Security remains
      in full force and effect and duly registered and perfected under
      Applicable Law. The Seller shall provide evidence satisfactory to the
      Buyer of each such re-registration and renewal on or before the date that
      is three months before the expiry date of the Security, failing which the
      Buyer shall have the right (but not the obligation) to proceed with such
      renewal, and the Seller shall be responsible for all costs and fees
      related thereto and shall reimburse the Buyer for such amounts on
      demand.

	 	 	 
	 	(c) 	
      Further Assurances. Without limiting the
      foregoing, the Seller shall, and shall cause each of the other Seller
      Entities to, from time to time, at the cost and expense of the Seller
      Entities, promptly execute and deliver all further instruments and
      documents and take all further action that may be necessary or desirable
      or that the Buyer may reasonably request in order to perfect and protect
      any pledge, assignment, or security interest granted or purported to be
      granted by any Transaction Document or to enable the Buyer to exercise and
      enforce its rights and remedies under any Transaction Documents with
      respect to any Collateral. The Seller Entities each irrevocably make,
      constitute, and appoint the Buyer (and any of the Buyer’s officers,
      employees, or Agents' designated by the Buyer) as its true and lawful
      attorney with power, upon the failure or refusal of any Seller Entity to
      comply with its undertakings contained in this paragraph, to sign the name
      of such Seller Entity on any of the above described documents or on any
      other similar documents that need to be executed, recorded, and/or filed
      in order to perfect or continue the Buyer’s perfected security interest in
      the Collateral.





	14. 	
      Events of Default

	 	 	 
		
      Each of the events or circumstances set out in this
      Section 14 shall constitute an event of default (“Event of
      Default”):

	 	 	 
		(a) 	
      Delivery Obligations. The Seller fails to deliver
      all or any portion of the Purchased Gold Ounces to the Buyer in accordance
      with the Delivery Obligations or to make any payment to the Buyer in
      accordance with the provisions of this Agreement.

	 	 	 
		(b) 	
      Representations and Warranties; Reports; Certificates.
      Any representation or warranty made, or any report or certificate
      furnished to the Buyer, by any Seller Entity under or in connection with
      the Transaction Documents proves to have been incorrect or misleading in
      any material respect (or in any respect where such representation or
      warranty is subject to a materiality qualification) when made, deemed made
      or furnished (as applicable), and the facts or circumstances which made
      such representation or warranty incorrect or misleading shall remain
      unrectified for a period of 30 days from the earlier of: (a) the Buyer giving notice to the Seller,
      and (b) the Seller becoming aware that such representation or warranty is
      incorrect or misleading, unless such facts or circumstances are not
      capable of rectification in which event the default shall occur
  immediately.







- 29 - 

	 	(c) 	
      Failure to Perform Certain Covenants. Failure by
      any Seller Entity to perform, comply with or observe any term, covenant or
      agreement contained in Sections 8(a), 8(b), 8(c) and 8(d) (Maintenance of
      Existence and Property) (provided that, in the case of Sections 8(b) and
      8(d) only, this Section 14(c) shall not apply to any such failure with
      respect to the Other Properties, and in which case Section 14(d) shall
      apply), 10 (Royalty and Stream Interests), 11 (Financing Matters), 13
      (Security Matters) or 20 (Restricted Transfer Rights of the Seller
      Entities).

	 	 	 	 	 
	 	(d) 	
      Failure to Perform Other Covenants. Any Seller
      Entity fails to perform, comply with or observe any term, covenant or
      agreement contained in any Transaction Document (other than those referred
      to above in Sections 14(a) to (c) above) and any such failure shall remain
      unremedied or unresolved for a period of 30 days from the earlier of: (a)
      the Buyer giving notice to the Seller, and (b) the Seller becoming aware
      of the failure to comply, unless such failure is not capable of remedy in
      which event the default shall occur immediately.

	 	 	 	 	 
	 	(e) 	
      Insolvency. (i) Any Seller Entity becomes
      Insolvent, or suffers or consents to or applies for the appointment of a
      receiver, trustee, custodian or liquidator of itself or any of its
      property, or is generally unable to or fails to pay its debts as they
      become due, or makes a general assignment for the benefit of creditors;
      (ii) any Seller Entity files a voluntary petition in bankruptcy, or seeks
      to effect a plan or other arrangement with creditors or any other relief
      under any Bankruptcy Code, or under any Applicable Law granting relief to
      debtors, whether now or hereafter in effect; (iii) any involuntary
      petition or proceeding pursuant to any Bankruptcy Code or any other
      Applicable Law relating to bankruptcy, reorganization or other relief for
      debtors is filed or commenced against any Seller Entity and is not
      dismissed, stayed or vacated within 30 days thereafter; (iv) any Seller
      Entity files an answer admitting the jurisdiction of the court and the
      material allegations of any involuntary petition; (v) any Seller Entity is
      adjudicated bankrupt, or an order for relief is entered by any court of
      competent jurisdiction under any Bankruptcy Code or any other Applicable
      Law relating to bankruptcy, reorganization or other relief for debtors;
      (vi) any Seller Entity voluntarily ceases to conduct its business in the
      ordinary course or materially changes the nature of the business it
      carries on; or (vii) any Seller Entity takes any action authorizing or in
      furtherance of any of the foregoing.

	 	 	 	 	 
	 	(f) 	
      Liquidation. Any Seller Entity liquidates, winds
      up or dissolves (or suffers any liquidation, wind-up or dissolution),
      suspends its operations other than in the ordinary course of business, or
      takes any action authorizing or in furtherance of any of the
    foregoing.

	 	 	 	 	 
	 	(g) 	
      Cross Default. Any Seller Entity:

	 	 	 	 	 
	 		(i) 	
      fails:

	 	 	 	 	 
	 			(A) 	
      to make any payment of any principal, interest or premium
      in connection with the Loan or any other Indebtedness having an aggregate
      principal amount of more than the Threshold Amount (or its equivalent in
      another currency) when due (whether by scheduled maturity,
      required prepayment, acceleration, demand or otherwise) and such failure
      shall continue after the applicable notice or grace period, if any,
      specified in the agreement or instrument relating to such Indebtedness as
      of the date of such failure; or








- 30 - 

	 	(B) 	
      to perform or observe any term, covenant or condition on
      its part to be performed or observed under any agreement or instrument
      relating to the Loan or any other Indebtedness having an aggregate
      principal amount of more than the Threshold Amount (or its equivalent in
      another currency), when required to be performed or observed, or any other
      event shall occur or condition shall exist under any such agreement or
      instrument, and such failure, event or condition shall continue after the
      later of 10 days from written notice of such failure, event or condition
      by the applicable counterparty or the Buyer or the applicable, notice or
      grace period, if any, specified in such agreement or instrument, if the
      effect of such failure, event or condition is to accelerate, or to permit
      the acceleration of, the maturity of such Indebtedness;
  or





	 	(ii) 	
      is subject to a declaration that any Indebtedness
      referred to in Section 14(g)(i) is due and payable, or required to be
      prepaid (other than by a regularly scheduled required repayment), prior to
      the stated maturity thereof;

	 	 	 
	 	(iii) 	
      is subject to any facility or commitment available to it
      under the Facility Agreement or any other Indebtedness in an aggregate
      amount at any one time of not less than the Threshold Amount (or its
      equivalent in any other currency) being withdrawn, suspended or cancelled
      by reason of any default (however described) of any Seller Entity;
    or

	 	 	 
	 	(iv) 	
      fails to perform or observe any term, covenant or
      condition on its part to be performed or observed under any agreement or
      instrument relating to Indebtedness referred to in Section 14(g)(i) which
      would result in a Material Adverse Effect.




	 	(h) 	
      Creditors’ Process. Either:

	 	 	 	 
	 		(i) 	
      a final Order for the payment of money in excess of the
      Threshold Amount (or its equivalent in another currency) which is not
      fully covered by third-party insurance is rendered against any Seller
      Entity; or

	 	 	 	 
	 		(ii) 	
      any non-monetary judgment or Order is rendered against
      any Seller Entity which would constitute a Material Adverse
  Effect,



and in each case there shall be any
period of 30 days during which such judgment or Order continues unsatisfied or
during which a stay of enforcement of such judgment or Order, by reason of a
pending appeal or otherwise, shall not be in effect. 




- 31 - 

	 	(i) 	
      Security Agreements.

	 	 	 	 	 
	 		(i) 	
      Any Seller Entity:

	 	 	 	 	 
	 			(A) 	
      contests in any manner the validity or enforceability of
      any of the Security Agreements; or

	 	 	 	 	 
	 			(B) 	
      denies that it has any further liability or obligation
      under any of the Security Agreements.




	 	(ii) 	
      Any of the Security Agreements:

	 	 	 	 
	 		(A) 	
      for any reason, except to the extent permitted by the
      terms thereof, ceases to create a valid Encumbrance or the Encumbrance
      created thereby fails to rank in priority in the manner contemplated in
      the Security Agreements and the Intercreditor Agreement (other than by a
      direct act or omission of the Buyer), subject only to Permitted
      Encumbrances, in any of the Collateral purported to be covered thereby;
      or

	 	 	 	 
	 		(B) 	
      after delivery for any reason is revoked or invalidated,
      or otherwise ceases to be in full force and effect in any material
      respect.




	 	(j) 	
      Unlawfulness. It is or becomes unlawful for any
      Seller Entity to perform any of its obligations under the Transaction
      Documents to which it is a party or any of the Security created or
      expressed to be created by the Transaction Documents ceases to be
      effective at any time at which such Security is intended to be
      effective.

	 	 	 
	 	(k) 	
      Repudiation. Any Seller Entity repudiates or
      rescinds any Transaction Document or purports to or evidences an intention
      to repudiate or rescind any Transaction Document.

	 	 	 
	 	(l) 	
      Authorizations. If any Authorization or Other
      Right is suspended, cancelled, revoked, forfeited, surrendered, refused
      renewal or terminated (whether in whole or in part) or otherwise is not,
      or ceases to be, in full force and effect, and the absence thereof would
      have a Material Adverse Effect.

	 	 	 
	 	(m) 	
      Major Damage. Any Seller Entity suffers material
      loss of or damage to its business, assets or operations (including any
      related infrastructure) which would have a Material Adverse
  Effect.

	 	 	 
	 	(n) 	
      Abandonment. Any material portion of the Midas
      Mine, the Fire Creek Project or the Collateral is lost, forfeited or
      abandoned and which would have a Material Adverse Effect.

	 	 	 
	 	(o) 	
      Expropriation. Any Governmental Body condemns,
      expropriates, seizes or appropriates any property which relates to or
      forms part of the Midas Mine, the Fire Creek Project or the Collateral and
      which would result in a Material Adverse Effect.

	 	 	 
	 	(p) 	
      Proceedings. There is any action, suit or
      proceeding against or affecting any Seller Entity before any court or by
      or before any Governmental Body which, if successful, could reasonably be
      expected to have a Material Adverse Effect, unless the action, suit, or
      proceeding is contested diligently and in good faith and, in circumstances
      where a lower court or tribunal has rendered a decision adverse to it,
      any Seller Entity, as applicable, is appealing such decision, and has
  provided a reserve in respect thereof satisfactory to the Buyer.







- 32 - 

	 	(q) 	
      Change of Control. There shall occur a Change of
      Control of any of the Seller Entities, unless such Change of Control
      occurs pursuant to a Transfer consented to by the Buyer in accordance with
      Section 20, or the Seller shall become obligated to offer to purchase all
      of the Term Notes then outstanding as a result of a Change of Control (as
      defined in the Facility Agreement).

	 	 	 
	 	(r) 	
      Material Adverse Effect. Any event or circumstance
      occurs that has a Material Adverse Effect.





	15. 	
      Effect of Event of Default

	 	 	 
		
      Upon each occurrence of an Event of Default, and for so
      long as such Event of Default is continuing:

	 	 	 
		(a) 	
      upon written notice to the Seller, and in addition to and
      not in substitution for any other remedies available to it hereunder or at
      law or in equity, the Buyer shall have the right to terminate the Seller’s
      obligation to deliver any further Purchased Gold Ounces (which shall not
      be less than all of the Purchased Gold Ounces not then delivered) if it so
      elects, and upon such election, the Default Amount shall become
      immediately due and payable by the Seller (it being acknowledged by the
      Seller that the Default Amount is intended to be a genuine pre-estimate of
      liquidated damages that would be suffered by the Buyer upon the occurrence
      of an Event of Default);

	 	 	 
		(b) 	
      the Buyer shall be entitled to enforce its security under
      the Transaction Documents; and

	 	 	 
		(c) 	
      the Buyer shall be entitled to such other rights and
      remedies as are available to it at law.




	16. 	
      Representations and Warranties of the
  Buyer

	 	 
		
      The Buyer, acknowledging that the Seller is entering into
      this Agreement in reliance thereon, hereby makes the representations and
      warranties to the Seller as set out in Schedule F.

	 	 
	17. 	
      Representations and Warranties of the
  Seller

	 	 
		
      The Seller, acknowledging that the Buyer is entering into
      this Agreement in reliance thereon, hereby makes the representations and
      warranties to the Buyer: (i) as set out in Schedule G; and (ii) as set out
      in Article IV of the Acquisition Agreement, in each case to the extent
      relating to the Midas Entities or their properties and assets, as if such
      representations and warranties were set forth in this Agreement. The
      representations and warranties in Schedule G shall be deemed to be
      repeated by the Seller: (a) as of the Effective Date; and (b) as of the
      date of each Annual Compliance Certificate, except to the extent that on
      or prior to such date the Seller shall have advised the Buyer in writing
      of a variation in any such representation or warranty and the Buyer has
      approved such variation.







- 33 - 

	18. 	
      Indemnities

	 	 	 
		
      The Seller agrees to indemnify and save the Buyer, and
      its Affiliates and the directors, officers, employees and Agents' of the
      foregoing harmless from and against any and all Losses suffered or
      incurred by any of them as a result of, in respect of, or arising as a
      consequence of the Buyer entering into the Transaction Documents and the
      matters contemplated therein, including:

	 	 	 
		(a) 	
      any breach or inaccuracy of any representation or
      warranty of the Seller Entities contained in this Agreement or the other
      Transaction Documents, including the representations and warranties set
      forth in Schedules G hereto, or in any document, instrument or agreement
      delivered pursuant hereto or thereto;

	 	 	 
		(b) 	
      any breach, including breach due to non-performance, by
      the Seller Entities of any covenant or agreement to be performed by any of
      the Seller Entities contained in this Agreement or the other Transaction
      Documents or in any document, instrument or agreement delivered pursuant
      hereto or thereto;

	 	 	 
		(c) 	
      the development or operation of the Midas Mine, the Fire
      Creek Project or any other mineral project of the Seller
  Entities;

	 	 	 
		(d) 	
      the failure of any of the Seller Entities to comply with
      any Applicable Law, including any Applicable Law relating to environmental
      matters and reclamation obligations, with respect to the Midas Mine, the
      Fire Creek Project or any other mineral project of the Seller
    Entities;

	 	 	 
		(e) 	
      the physical environmental condition of the Midas Mine,
      the Fire Creek Project or any other mineral project of the Seller Entities
      and matters of health and safety related thereto or any action or claim
      brought with respect thereto (including conditions arising before the date
      of this Agreement); and

	 	 	 
		(f) 	
      any actual or threatened withdrawal by any Governmental
      Body of any Authorization under Environmental Laws which is necessary for
      the construction or operation of the Midas Mine, the Fire Creek Project or
      any other mineral project of the Seller Entities, or any actual or
      threatened challenge by any Person to any Authorization under
      Environmental Laws which is necessary for the development or operation of
      the Midas Mine, the Fire Creek Project or any other mineral project of the
      Seller Entities,




		
      provided that the foregoing shall not apply to any Losses
      to the extent they arise primarily from the gross negligence or willful
      misconduct of such indemnified persons. For greater certainty, this
      Section 18 shall, pursuant to Section 19(c), survive termination of this
      Agreement.

	 	 	 
	19. 	
      Term

	 	 	 
		(a) 	
      Term. The term of this Agreement shall commence on
      the date of this Agreement and, unless terminated earlier pursuant to
      Section 19(b), shall terminate on the Final Delivery Date.

	 	 	 
		(b) 	
      Termination. The Buyer shall have the right to
      terminate this Agreement upon written notice of termination to the other
      parties at or after 12:01 a.m. (Toronto time) on February 12, 2014, if the
      Acquisition has not yet been completed, whereupon the Seller shall
      immediately return the Purchase Price in full to the Buyer, without
      interest or setoff or counterclaim, and thereafter no Party shall have any
      further obligation to the other Parties under this Agreement (other than
  in connection with any antecedent breach).







- 34 - 

	 	(c) 	
      Survival. Notwithstanding the termination of this
      Agreement pursuant to Section 19(a) or (b), Sections 1 (to the extent
      applicable to other surviving provisions), 2, 5, 7 (in respect of periods
      ending on or prior to the Final Delivery Date), 10, 18, 22, 23 and 24
      shall survive indefinitely.





	20. 	
      Restricted Transfer Rights of the Seller
      Entities

	 	 	 	 
		(a) 	
      Prohibited Transfers. The following Transfers are
      prohibited, in each case unless the Buyer gives its prior written consent
      to such Transfer (which consent may be withheld for any reason):

	 	 	 	 
			(i) 	
      the Seller may not Transfer, in whole or in part, its
      rights and obligations under this Agreement, the Collateral or its shares
      of Klondex BC Holdco;

	 	 	 	 
			(ii) 	
      Klondex BC Holdco may not Transfer, in whole or in part,
      its rights and obligations under this Agreement, the Collateral or its
      shares of Klondex Holdings;

	 	 	 	 
			(iii) 	
      Klondex Holdings may not Transfer, in whole or in part,
      its rights and obligations under this Agreement, the Collateral, its
      shares of the Fire Creek Owner or, after completion of the Acquisition,
      its shares of Midas Holdings;

	 	 	 	 
			(iv) 	
      Midas Holdings may not Transfer, in whole or in part, its
      rights and obligations under this Agreement, the Collateral or its shares
      of the Midas Owner;

	 	 	 	 
			(v) 	
      the Midas Owner may not Transfer, in whole or in part,
      its rights and obligations under this Agreement or the Collateral;
    and

	 	 	 	 
			(vi) 	
      the Fire Creek Owner may not Transfer, in whole or in
      part, its rights and obligations under this Agreement or the
      Collateral.




	 	(b) 	
      Transfers of Interests in Seller. Notwithstanding
      any other provision of this Agreement, neither (i) an amalgamation, merger
      or consolidation of the Seller with or into another body corporate,
      including by way of a plan of arrangement, nor (ii) a transfer of shares
      of the Seller, including a transfer of all of the shares pursuant to a
      takeover bid and subsequent acquisition transaction (including a
      compulsory acquisition) or a plan of arrangement, is a Transfer to which
      this Section 20 applies; provided, however, that in the case of clause (i)
      any successor entity to the Seller shall have acknowledged in writing to
      the Buyer that it is bound by this Agreement.

	 	 	 
	 	(c) 	
      Effect of Prohibited Transfer. Any Transfer made
      in violation of this Section 20 shall be null and void and of no force or
      effect whatsoever.




	21. 	
      Transfer Rights of the Buyer

	 	 	 
		(a) 	
      Transfers. The Buyer shall have the right to
      Transfer or encumber, in whole or in part, its rights and obligations
      under this Agreement to any Person, without the consent of any Seller
      Entity, upon the delivery of notice of such Transfer to the Seller. In
      such a case, provided that such Person has agreed to be bound by such
      Transferred obligations under this Agreement, the Buyer, shall be released
  from such Transferred obligations under this Agreement.







- 35 - 

	 	(b) 	
      Encumbrances. Notwithstanding anything in this
      Agreement, the Buyer shall have the right to Transfer by way of
      Encumbrance, in whole or in part, its rights and obligations under this
      Agreement to one or more lenders providing financing to the Buyer or any
      of its Affiliates without notice to, or the consent of, any Seller Entity.
      If such transferee enforces such Encumbrance, it will provide notice to
      the Seller and upon delivery of such notice, which notice shall confirm
      that such transferee agrees to be bound by such Transferred obligations
      under this Agreement, such transferee shall become a party to this
      Agreement with all of the rights and obligations of the
  Buyer.





	22. 	
      Governing Law

	 	 
		
      This Agreement shall be governed by and construed in
      accordance with the laws of the Province of Ontario and the federal laws
      of Canada applicable therein. Each of the Parties irrevocably submits to
      the non-exclusive jurisdiction of the courts of the Province of
      Ontario.

	 	 
	23. 	
      Notices

	 	 
		
      Any notice or other communication required or permitted
      to be given hereunder shall be in writing and shall be sent or delivered
      to the respective Parties at their respective addresses, facsimile numbers
      or e-mail addresses set forth below (or at or to such other address,
      facsimile, number or e-mail address as shall be designated by any Party in
      a written notice to the other Parties):



If to the Seller: 

Klondex Mines Ltd. 
Suite 600-595
Howe Street 
Vancouver BC V6C 2T5 


Attention:        Paul Huet

Fax Number:     604.662.3904

Email:               
phuet@klondexmines.com


with a copy (which shall not
constitute notice) to: 

Bennett Jones LLP 
3400 One First
Canadian Place 
PO Box 130 
Toronto ON M5X 1A4 


Attention:        Abbas Ali
Khan 
Facsimile:         416.863.1716

Email:               
alikhana@bennettjones.com





- 36 - 

If to the Buyer:

Franco-Nevada GLW Holdings Corp.

c/o Franco-Nevada Corporation 
199 Bay Street, Suite 2000 
P.O. Box
285 
Commerce Court Postal Station
Toronto, Ontario 
Canada M5L 1G9



Attention:        Chief Legal
Officer 
Fax Number:    (416) 306-6330

Email:               
hong@franco-nevada.com


Any notice and communications shall be
effective: 

	 	(a) 	
      if delivered by hand, sent by certified or registered
      mail or sent by an overnight courier service, when received; and, provided
      that if such date is a day other than a Business Day, where the recipient
      Party is located, then such notice shall be deemed to have been given and
      received on the first Business Day, where the recipient Party is located,
      following the date of such delivery; and

	 	 	 
	 	(b) 	
      if sent by facsimile or e-mail transmission and
      successfully transmitted before 5:00 p.m. on a Business Day, where the
      recipient Party is located, then on that Business Day, and if transmitted
      after 5:00 p.m. on that day or on a day that is not a Business Day, then
      on the first Business Day, where the recipient Party is located, following
      the date of transmission.




	24. 	
      General Provisions

	 	 	 
		(a) 	
      Further Assurances. Each Party shall execute all
      such further instruments and documents and shall take all such further
      actions as may be necessary to effect the transactions contemplated
      herein, in each case at the cost and expense of the Party requesting such
      further instrument, document or action, unless expressly indicated
      otherwise.

	 	 	 
		(b) 	
      Obligations of Seller Entities. The Seller agrees
      to take all action necessary to cause each and every other Seller Entity
      to observe, comply with and perform its covenants and obligations in this
      Agreement. To the extent that any covenants or obligations in this
      Agreement are stated to be covenants or obligations of the Seller Entities
      or any of them, and a Seller Entity is not a party to this Agreement
      (including any Person that becomes a Seller Entity after the date of this
      Agreement), the Seller shall take all action necessary to cause such
      non-party Seller Entity to observe, comply with and perform such covenants
      or obligations, including causing such non-party Seller Entity to agree in
      writing in favour of the Buyer to be bound by this Agreement.

	 	 	 
		(c) 	
      Confidentiality. The Buyer shall not, without the
      express written consent of the Seller, which consent shall not be
      unreasonably withheld, disclose any data or information concerning the
      operations of the Seller Entities obtained in connection with the
      Transaction Documents which is not already in the public domain (the
      “Confidential Information”); provided, however, the Buyer may
      disclose Confidential Information without the consent of the Seller: (i) if required by
      Applicable Law or requested by a Government Body having jurisdiction over
      the Buyer or its Affiliates; (ii) to the Buyer’s Affiliates and to any
      representatives, consultants or advisers of the Buyer or its Affiliates
      for the purpose of providing services to the Buyer or its Affiliates; and
      (iii) to any Person to whom the Buyer, in good faith, anticipates
      Transferring an interest in this Agreement as contemplated by Section
      21(a) or 21(b) and such Person’s Affiliates and the representatives,
      consultants and advisers of such Person or its Affiliates. In the case of
      disclosure pursuant to clause (ii) or (iii), the Buyer shall be
      responsible to ensure that the recipient of the Confidential Information
      does not disclose the Confidential Information to the same extent as if it
      were bound by the same non-disclosure obligations of the Buyer hereunder.
      Notwithstanding the foregoing, the Buyer shall not be restricted from
      disclosing the terms of this Agreement and deliveries of Refined Gold
      hereunder. For greater certainty, the Buyer shall be entitled to disclose
      publicly data or information concerning the operations of the Seller
      Entities, without the consent of the Seller, once such information has
been publicly disclosed by any of the Seller Entities.







- 37 - 

	 	(d) 	
      No Partnership. Nothing herein shall be construed
      to create, expressly or by implication, a joint venture, agency
      relationship, fiduciary relationship, mining partnership, commercial
      partnership or other partnership relationship between the
  Parties.

	 	 	 
	 	(e) 	
      Severability. If any provision of this Agreement
      is wholly or partially invalid, this Agreement shall be interpreted as if
      the invalid provision had not been a part hereof so that the invalidity
      shall not affect the validity of the remainder of this Agreement which
      shall be construed as if this Agreement had been executed without the
      invalid portion.

	 	 	 
	 	(f) 	
      Rate of Interest. The Parties do not intend that
      the purchase of the Purchased Gold Ounces be in the nature of a loan, but,
      if it were so characterized by an arbitrator, court or tribunal of
      competent jurisdiction, the Parties agree that the return to the Buyer,
      whether for interest, fees or otherwise, not exceed the maximum amount
      permitted by Applicable Law. Accordingly, if such arbitrator, court or
      tribunal should rule that: (i) the purchase of the Purchase Gold Ounces is
      of the nature of or is deemed to be a loan; and (ii) a portion of the
      total return to the Buyer is of the nature of or is deemed to be interest,
      and the portion of the total return, for deemed interest, fees or
      otherwise would, but for this provision, exceed the amount of return
      permitted under Applicable Law, then the delivery schedule for the
      aggregate quantity of Refined Gold remaining deliverable shall
      automatically be extended such that the amount of return does not exceed
      the maximum amount permitted under Applicable Law, and this Agreement
      shall not be terminated solely as a result of such violation.

	 	 	 
	 	(g) 	
      Entire Agreement. This Agreement and the other
      Transaction Documents constitute the entire agreement among the Parties
      pertaining to the subject matter hereof and thereof and supersede all
      prior agreements, negotiations, discussions and understandings, written or
      oral, among the Parties. The Seller and the Buyer agree that the
      confirmation letter dated December 5, 2013 between the Seller and the
      Buyer is hereby terminated with effect from the date of this
    Agreement.

	 	 	 
	 	(h) 	
      Amendments. This Agreement may not be changed,
      amended or modified in any manner, except pursuant to an instrument in
      writing signed on behalf of each of the
Parties.








- 38 - 

	 	(i) 	
      Waiver. The failure by any Party to enforce at any
      time any of the provisions of this Agreement shall in no way be construed
      to be a waiver of any such provision unless such waiver is acknowledged in
      writing, nor shall such failure affect the validity of this Agreement or
      any part thereof or the right of a Party to enforce each and every
      provision. No waiver of a breach of this Agreement shall be held to be a
      waiver of any other or subsequent breach.

	 	 	 
	 	(j) 	
      Specific Performance. Each of the Parties
      acknowledges that any breach of this Agreement may cause the other Parties
      irreparable harm for which damages are not an adequate remedy. The Parties
      agree that, in the event of any such breach, in addition to other remedies
      at law or in equity that a Party may have, a Party shall be entitled to
      seek specific performance.

	 	 	 
	 	(k) 	
      No Beneficiaries. This Agreement is intended for
      the benefit of the Parties and their respective successors and permitted
      assigns and, except for the indemnified Persons referred to in Section 18,
      is not for the benefit of, nor may any provision in this Agreement be
      enforced by, any other Person. With respect to any indemnified Person who
      is not a party to this Agreement, the Buyer shall obtain and hold the
      rights and benefits of Section 18 in trust for and on behalf of such
      indemnified Person.

	 	 	 
	 	(l) 	
      Costs and Expenses. Each of the Parties shall be
      responsible for paying all costs and expenses incurred by them,
      respectively, in connection with the negotiation and preparation of this
      Agreement and the related Transaction Documents.

	 	 	 
	 	(m) 	
      Counterparts. This Agreement may be executed in
      one or more counterparts and by the Parties in separate counterparts, each
      of which when executed shall be deemed to be an original, but all of which
      when taken together shall constitute one and the same agreement. Delivery
      of an executed counterpart of a signature page to this Agreement by
      telecopier or electronic format shall be effective as delivery of a
      manually executed counterpart of this Agreement.



[Signature page follows.] 




IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the date and year first above written. 

KLONDEX MINES LTD. 

 

	 	By: 	(signed) Paul Huet 
	 	  	Paul Huet 
	 	  	President and Chief Executive
      Officer 


 

FRANCO-NEVADA GLW HOLDINGS CORP.


 

	 	By: 	(signed) David Harquail 
	 	  	David Harquail 
	 	  	President and Chief Executive
      Officer 






SCHEDULE A 

DESCRIPTION OF MIDAS PROPERTY 

Title to Properties 

	(i) 	
      Fee Properties



The real property and property rights, situated in Elko County,
Nevada, which is more particularly described as: 

Township 38 North, Range 46 East, MDM, APN 004-250-0003

            
approx. 40.9 acres owned by Newmont USA Limited 
Section 2: NW4NW4

Township 39 North, Range 46 East, MDM, APN 004-260-03

            Surface
and mineral estate (approximately 840 acres) 
Section 9: E2NE4 
Section
10: W2NW4, SW4 
Section 22: E2N W4, SE4 
Section 27: NE4, NE4NW4

Section 28: W2NW4 
        
Surface estate only (approximately 1.019 acres, commonly referred to as the
Buckingham Lands) 
Section 9: W2NE4, E2NW4 
Section 15: E2W2, W2E2

Section 22: NE4 
Section 28: W2SE4, E2SW4 
Section 33: NE4 
Section
34: SW4NW4, Lot 1 

Midas Town site Lots



	Lot No. 	Block No. 	Assessor's Parcel No. 
	6-7 	I (Gold Circle) 
	03-523-03-2 
	8 	03-523-02-4 
	11-12 	Q (Gold Circle) 	03-526-01-9 
	1 	S (Gold Circle) 
	03-521-05-1 
	2 	03-521-04-4 
	1 	W (Gold Circle) 
	03-513-03-3 
	3-16 	03-513-01-7 



Patented Mining Claims 


1 






	Patent Name 	M.S. No. 	Patent No. 	Assessor Parcel No. 
	Elko Prince Annex Fraction 	4034 







	314565 







	0PM- 314-056 








	Elko Prince No. 1 
	Elko Prince No. 2 
	Elko Prince No. 4 Fraction 
	Todd Fraction 
	Hanks Fraction 
	Little Willie Fraction 
	Merle 
	June Bell 
	June Belle Fraction 
	   Water Witch No. 1 (E. Portion) 	4192 	567990 
	004-26C-004 
	   Water Witch No. 2 (E. Portion) 	004-26C-008 
	Water Witch No. 3 	0PM-567-099 


	Water Witch No. 4 
	Water Witch Fraction 
	Water Witch No. 1 (Parcel 1) 	004-26C-001 
	Water Witch No. 1 (Parcel 2) 	004-26C-002 
	Water Witch No. 1 (Parcel 3) 	004-26C-003 
	Water Witch No. 2 (Parcel 4) 	004-26C-005 
	Water Witch No. 2 (Parcel 5) 	004-26C-006 
	Water Witch No. 2 (Parcel 6) 	004-26C-007 
	Ripsaw No. 2 	3991 	298366 	0PM-298-036 
	Gold Crown 	3738	256016 	0PM-256-001 

	Oversight Fraction (Portion) 
	Banner 	0PM-560-016 

	Gift No. 1 
	Oversight Fraction (Portion) 	0PM-060-016 

	Gift No. 2 
	Rabbit's Foot 	0PM-256-006 

	Banner Fraction 
	Wedge 	0PM-668-021 

	Old Judge No. 1 	4327 	668211 
	Sleeping Beauty 	4666	1054830 
	0PM-373-058
      








	Poor Man 
	Orphan Boy 
	Pan Handle 
	Pan Handle No. 2 
	Red Top 
	Orphan Boy No. 2 
	Little Dot 
	Sunset Fraction 	 4667 	1037358 
	Hardscrabble No. 1 	4356	827131	0PM-827-013 


	Hardscrabble No. 2 
	Hardscrabble Fraction 



2 





	(ii) 	
      Unpatented Mining
Claims





	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 
	ACME 	41 	89 	27590 
	ACME NO. 1 	41 	279 	27591 
	ACME NO. 2 	42 	165 	27592 
	ACME NO. 3 	42 	166 	27593 
	DOT LODE 	43 	483 	27594 
	DOT LODE #2 	135 	551 	27596 
	DOT LODE NO. 4 	100 	523 	27597 
	MARTY 	366 	156 	218384 
	DOT LODE #1 	472 	575 	321676 
	MIDAS 110 	838 	347 	687827 
	MIDAS NO. 13 	838 	332 	687851 
	MIDAS 14 	838 	333 	687852 
	MIDAS 15 	838 	334 	687853 
	MIDAS 16 	838 	335 	687854 
	MIDAS 30 	838 	306 	687857 
	MIDAS 33 	838 	462 	687860 
	MIDAS NO. 34 	838 	463 	687861 
	MIDAS 35 	838 	309 	687862 
	MIDAS 36 	838 	310 	687863 
	MIDAS 37 	838 	311 	687864 
	MIDAS 38 	838 	312 	687865 
	MIDAS 39 	838 	313 	687866 
	MIDAS 40 	838 	314 	687867 
	MIDAS 41 	838 	315 	687868 
	MIDAS 81 	838 	345 	687871 
	MIDAS 94 	838 	318 	687872 
	MIDAS 96 	838 	464 	687874 
	MIDAS 114 	838 	351 	687876 
	MIDAS 115 	838 	352 	687877 
	MIDAS 118 	838 	355 	687878 
	MIDAS 119 	838 	356 	687879 
	MIDAS 121 	838 	358 	687880 
	MIDAS 122 	838 	359 	687881 
	MIDAS 123 	838 	360 	687882 
	MIDAS 124 	838 	361 	687883 
	MIDAS 125 	838 	362 	687884 
	MIDAS 126 	838 	363 	687885 
	MIDAS 127 	838 	364 	687886 
	MIDAS 128 	838 	365 	687887 



3 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 129 	838 	366 	687888 
	MIDAS 130 	838 	367 	687889 
	MIDAS NO.131 	838 	466 	687890 
	MIDAS NO.132 	838 	467 	687891 
	MIDAS NO.133 	838 	468 	687892 
	MIDAS NO.134 	838 	469 	687893 
	MIDAS 135 	838 	470 	687894 
	MIDAS 136 	838 	471 	687895 
	MIDAS NO.137 	838 	472 	687896 
	MIDAS 138 	838 	473 	687897 
	MIDAS 139 	838 	474 	687898 
	MIDAS 140 	838 	475 	687899 
	MIDAS 141 	838 	476 	687900 
	MIDAS 142 	838 	477 	687901 
	MIDAS 143 	838 	478 	687902 
	MIDAS 144 	838 	479 	687903 
	MIDAS 146 	838 	481 	687905 
	MIDAS 147 	838 	482 	687906 
	MIDAS 148 	838 	483 	687907 
	MIDAS 149 	838 	484 	687908 
	MIDAS 150 	838 	485 	687909 
	MIDAS 151 	838 	486 	687910 
	MIDAS 152 	838 	487 	687911 
	MIDAS 153 	838 	488 	687912 
	MIDAS 154 	838 	814 	687913 
	MIDAS 1R 	840 	886 	692622 
	MIDAS 2R 	840 	887 	692623 
	MIDAS 3R 	840 	888 	692624 
	MIDAS 4R 	840 	889 	692625 
	MIDAS 5R 	840 	890 	692626 
	MIDAS 6R 	840 	891 	692627 
	MIDAS 7R 	840 	892 	692628 
	MIDAS 8R 	840 	893 	692629 
	MIDAS 9R 	840 	894 	692630 
	MIDAS 10R 	840 	895 	692631 
	MIDAS NO.11R 	840 	896 	692632 
	MIDAS 12R 	840 	897 	692633 
	MIDAS 17R 	840 	898 	692634 
	MIDAS 18R 	840 	899 	692635 
	MIDAS 19R 	840 	900 	692636 
	MIDAS 20R 	840 	901 	692637 



4 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 21R 	840 	902 	692638 
	MIDAS 22R 	840 	903 	692639 
	MIDAS 23R 	840 	904 	692640 
	MIDAS 25R 	840 	905 	692641 
	MIDAS 27R 	840 	907 	692643 
	MIDAS 28R 	840 	908 	692644 
	MIDAS 109R 	840 	909 	692645 
	MIDAS 111R 	840 	910 	692646 
	MIDAS NO.112R 	840 	911 	692647 
	MIDAS NO.113R 	840 	912 	692648 
	MIDAS 116R 	840 	913 	692649 
	MIDAS 117R 	840 	914 	692650 
	MIDAS 155 	853 	939 	699982 
	MIDAS 156 	853 	940 	699983 
	MIDAS 157 	853 	941 	699984 
	MIDAS 158 	853 	942 	699985 
	MIDAS # 165 	878 	163 	709778 
	MIDAS # 166 	878 	164 	709779 
	MIDAS # 167 	878 	165 	709780 
	MIDAS # 168 	878 	166 	709781 
	MIDAS # 169 	878 	167 	709782 
	MIDAS # 170 	878 	168 	709783 
	MIDAS # 171 	878 	169 	709784 
	MIDAS # 172 	878 	170 	709785 
	MIDAS # 173 	878 	171 	709786 
	MIDAS # 174 	878 	172 	709787 
	AMSTERDAM # 1 	879 	937 	710875 
	AMSTERDAM # 2 	879 	938 	710876 
	AMSTERDAM # 3 	879 	939 	710877 
	AMSTERDAM # 4 	879 	940 	710878 
	AMSTERDAM # 5 	879 	941 	710879 
	AMSTERDAM # 6 	879 	942 	710880 
	AMSTERDAM # 7 	879 	943 	710881 
	AMSTERDAM # 8 	879 	944 	710882 
	AMSTERDAM # 9 	879 	945 	710883 
	AMSTERDAM # 10 	879 	946 	710884 
	AMSTERDAM # 11 	879 	947 	710885 
	AMSTERDAM # 12 	879 	948 	710886 
	AMSTERDAM # 13 	879 	949 	710887 
	AMSTERDAM # 14 	879 	950 	710888 
	AMSTERDAM # 15 	879 	951 	710889 



5 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 16 	879 	952 	710890 
	AMSTERDAM # 17 	879 	953 	710891 
	AMSTERDAM # 18 	879 	954 	710892 
	AMSTERDAM # 19 	879 	955 	710893 
	AMSTERDAM # 20 	879 	956 	710894 
	AMSTERDAM # 21 	879 	957 	710895 
	AMSTERDAM # 22 	879 	958 	710896 
	AMSTERDAM # 23 	879 	959 	710897 
	AMSTERDAM # 24 	879 	960 	710898 
	AMSTERDAM # 25 	879 	961 	710899 
	AMSTERDAM # 26 	879 	962 	710900 
	AMSTERDAM # 27 	879 	963 	710901 
	AMSTERDAM # 28 	879 	964 	710902 
	AMSTERDAM # 29 	879 	965 	710903 
	AMSTERDAM # 30 	879 	966 	710904 
	AMSTERDAM # 31 	879 	967 	710905 
	AMSTERDAM # 32 	879 	968 	710906 
	AMSTERDAM # 33 	879 	969 	710907 
	AMSTERDAM # 34 	879 	970 	710908 
	AMSTERDAM # 35 	879 	971 	710909 
	AMSTERDAM # 36 	879 	972 	710910 
	AMSTERDAM # 37 	879 	973 	710911 
	AMSTERDAM # 38 	879 	974 	710912 
	AMSTERDAM # 39 	879 	975 	710913 
	AMSTERDAM # 40 	879 	976 	710914 
	AMSTERDAM # 41 	879 	977 	710915 
	AMSTERDAM # 42 	879 	978 	710916 
	AMSTERDAM # 43 	879 	979 	710917 
	AMSTERDAM # 44 	879 	980 	710918 
	AMSTERDAM # 45 	879 	981 	710919 
	AMSTERDAM # 46 	879 	982 	710920 
	AMSTERDAM # 47 	879 	983 	710921 
	AMSTERDAM # 48 	879 	984 	710922 
	AMSTERDAM # 49 	879 	985 	710923 
	AMSTERDAM # 50 	879 	986 	710924 
	AMSTERDAM # 51 	879 	987 	710925 
	AMSTERDAM # 52 	879 	988 	710926 
	AMSTERDAM # 53 	879 	989 	710927 
	AMSTERDAM # 54 	879 	990 	710928 
	AMSTERDAM # 55 	879 	991 	710929 
	AMSTERDAM # 56 	879 	992 	710930 



6 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
    No. 

	AMSTERDAM # 57 	879 	993 	710931 
	AMSTERDAM # 58 	879 	994 	710932 
	AMSTERDAM # 59 	879 	995 	710933 
	AMSTERDAM # 60 	879 	996 	710934 
	AMSTERDAM # 61 	880 	1 	710935 
	AMSTERDAM # 62 	880 	2 	710936 
	AMSTERDAM # 63 	880 	3 	710937 
	AMSTERDAM # 64 	880 	4 	710938 
	AMSTERDAM # 65 	880 	5 	710939 
	AMSTERDAM # 66 	880 	6 	710940 
	AMSTERDAM # 67 	880 	7 	710941 
	AMSTERDAM # 68 	880 	8 	710942 
	AMSTERDAM # 69 	880 	9 	710943 
	AMSTERDAM # 70 	880 	10 	710944 
	AMSTERDAM # 71 	880 	11 	710945 
	AMSTERDAM # 72 	880 	12 	710946 
	AMSTERDAM # 73 	880 	13 	710947 
	AMSTERDAM # 74 	880 	14 	710948 
	AMSTERDAM # 75 	880 	15 	710949 
	AMSTERDAM # 76 	880 	16 	710950 
	AMSTERDAM # 77 	880 	17 	710951 
	AMSTERDAM # 78 	880 	18 	710952 
	AMSTERDAM # 79 	880 	19 	710953 
	AMSTERDAM # 80 	880 	20 	710954 
	AMSTERDAM # 81 	880 	21 	710955 
	AMSTERDAM # 82 	880 	22 	710956 
	AMSTERDAM # 83 	880 	23 	710957 
	AMSTERDAM # 84 	880 	24 	710958 
	AMSTERDAM # 85 	880 	25 	710959 
	AMSTERDAM # 86 	880 	26 	710960 
	AMSTERDAM # 87 	880 	27 	710961 
	AMSTERDAM # 88 	880 	28 	710962 
	AMSTERDAM # 89 	880 	29 	710963 
	AMSTERDAM # 90 	880 	30 	710964 
	AMSTERDAM # 91 	880 	31 	710965 
	AMSTERDAM # 92 	880 	32 	710966 
	AMSTERDAM # 93 	880 	33 	710967 
	AMSTERDAM # 94 	880 	34 	710968 
	AMSTERDAM # 95 	880 	35 	710969 
	AMSTERDAM # 96 	880 	36 	710970 
	MIDAS # 181 	881 	86 	712502 



7 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 182 	881 	87 	712503 
	MIDAS # 183 	881 	88 	712504 
	MIDAS # 184 	881 	89 	712505 
	MIDAS # 185 	881 	90 	712506 
	MIDAS # 186 	881 	91 	712507 
	MIDAS # 187 	881 	92 	712508 
	MIDAS # 188 	881 	93 	712509 
	MIDAS # 191 	881 	96 	712512 
	MIDAS # 192 	881 	97 	712513 
	MIDAS # 193 	881 	98 	712514 
	MIDAS # 194 	881 	99 	712515 
	MIDAS # 195 	881 	100 	712516 
	MIDAS # 196 	881 	101 	712517 
	MIDAS # 197 	881 	102 	712518 
	MIDAS # 198 	881 	103 	712519 
	MIDAS # 199 	881 	104 	712520 
	MIDAS # 200 	881 	105 	712521 
	MIDAS # 201 	881 	106 	712522 
	MIDAS # 202 	881 	107 	712523 
	MIDAS # 203 	881 	108 	712524 
	MIDAS # 204 	881 	109 	712525 
	MIDAS # 205 	881 	110 	712526 
	MIDAS # 206 	881 	111 	712527 
	MIDAS # 207 	881 	112 	712528 
	MIDAS # 208 	881 	113 	712529 
	MIDAS # 209 	881 	114 	712530 
	MIDAS # 210 	881 	115 	712531 
	MIDAS # 211 	881 	116 	712532 
	MIDAS # 212 	881 	117 	712533 
	MIDAS # 213 	881 	118 	712534 
	MIDAS # 214 	881 	119 	712535 
	MIDAS # 215 	881 	120 	712536 
	MIDAS # 216 	881 	121 	712537 
	MIDAS # 217 	881 	122 	712538 
	MIDAS # 218 	881 	123 	712539 
	MIDAS # 219 	881 	124 	712540 
	MIDAS # 220 	881 	125 	712541 
	MIDAS # 221 	881 	126 	712542 
	MIDAS # 222 	881 	127 	712543 
	MIDAS # 269 	881 	128 	712544 
	MIDAS # 270 	881 	129 	712545 



8 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 271 	881 	130 	712546 
	MIDAS # 272 	881 	131 	712547 
	MIDAS # 273 	881 	132 	712548 
	MIDAS # 274 	881 	133 	712549 
	MIDAS # 275 	881 	134 	712550 
	MIDAS # 276 	881 	135 	712551 
	MIDAS # 277 	881 	136 	712552 
	MIDAS # 278 	881 	137 	712553 
	MIDAS # 280 	881 	139 	712555 
	MIDAS # 282 	881 	141 	712557 
	MIDAS # 284 	881 	143 	712559 
	MIDAS # 285 	881 	144 	712560 
	MIDAS # 287 	881 	146 	712562 
	MIDAS 243 	882 	82 	712882 
	MIDAS 244 	882 	83 	712883 
	MIDAS # 245 	882 	84 	712884 
	MIDAS #246 	882 	85 	712885 
	MIDAS 247 	882 	86 	712886 
	MIDAS 248 	882 	87 	712887 
	MIDAS 249 	882 	88 	712888 
	MIDAS 250 	882 	89 	712889 
	MIDAS 251 	882 	90 	712890 
	MIDAS 252 	882 	91 	712891 
	MIDAS 253 	882 	92 	712892 
	MIDAS 254 	882 	93 	712893 
	MIDAS 255 	882 	94 	712894 
	MIDAS 256 	882 	95 	712895 
	MIDAS 288 	882 	96 	712896 
	MIDAS 289 	882 	97 	712897 
	MIDAS 290 	882 	98 	712898 
	AMSTERDAM FRACTION #1 	883 	541 	713546 
	AMSTERDAM FRACTION #2 	883 	542 	713547 
	MIDAS 257 	883 	553 	713554 
	MIDAS 258 	883 	554 	713555 
	MIDAS 259 	883 	555 	713556 
	MIDAS 260 	883 	556 	713557 
	MIDAS 261 	883 	557 	713558 
	MIDAS #262 	883 	558 	713559 
	MIDAS 263 	883 	559 	713560 
	MIDAS 264 	883 	560 	713561 
	MIDAS 325 	883 	564 	713569 



9 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 326 	883 	565 	713570 
	MIDAS NO. 223 	885 	190 	714056 
	MIDAS NO. 224 	885 	191 	714057 
	MIDAS NO. 225 	885 	192 	714058 
	MIDAS NO. 226 	885 	193 	714059 
	MIDAS NO. 227 	885 	194 	714060 
	MIDAS 228 	885 	195 	714061 
	MIDAS 229 	885 	196 	714062 
	MIDAS 230 	885 	197 	714063 
	AMSTERDAM # 99 	897 	643 	717737 
	AMSTERDAM # 100 	897 	644 	717738 
	AMSTERDAM # 101 	897 	645 	717739 
	AMSTERDAM # 102 	897 	646 	717740 
	AMSTERDAM # 103 	897 	647 	717741 
	AMSTERDAM # 104 	897 	648 	717742 
	AMSTERDAM # 105 	897 	649 	717743 
	AMSTERDAM # 106 	897 	650 	717744 
	AMSTERDAM # 107 	897 	651 	717745 
	AMSTERDAM # 108 	897 	652 	717746 
	AMSTERDAM # 112 	897 	656 	717750 
	AMSTERDAM # 113 	897 	657 	717751 
	AMSTERDAM # 114 	897 	658 	717752 
	AMSTERDAM # 115 	897 	659 	717753 
	AMSTERDAM # 117 	897 	661 	717755 
	AMSTERDAM # 119 	897 	663 	717757 
	AMSTERDAM # 123 	897 	667 	717761 
	AMSTERDAM # 124 	897 	668 	717762 
	AMSTERDAM # 125 	897 	669 	717763 
	AMSTERDAM # 126 	897 	670 	717764 
	AMSTERDAM # 127 	897 	671 	717765 
	AMSTERDAM 128 	897 	672 	717766 
	AMSTERDAM # 129 	897 	673 	717767 
	AMSTERDAM # 130 	897 	674 	717768 
	AMSTERDAM # 131 	897 	675 	717769 
	AMSTERDAM # 132 	897 	676 	717770 
	AMSTERDAM # 133 	897 	677 	717771 
	AMSTERDAM # 134 	897 	678 	717772 
	AMSTERDAM # 135 	897 	679 	717773 
	AMSTERDAM # 136 	897 	680 	717774 
	AMSTERDAM # 139 	897 	683 	717777 
	AMSTERDAM # 140 	897 	684 	717778 



10 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 141 	897 	685 	717779 
	AMSTERDAM # 142 	897 	686 	717780 
	AMSTERDAM # 143 	897 	687 	717781 
	AMSTERDAM # 144 	897 	688 	717782 
	AMSTERDAM # 146 	897 	690 	717784 
	AMSTERDAM # 147 	897 	691 	717785 
	AMSTERDAM # 148 	897 	692 	717786 
	AMSTERDAM # 149 	897 	693 	717787 
	AMSTERDAM # 150 	897 	694 	717788 
	AMSTERDAM # 151 	897 	695 	717789 
	AMSTERDAM # 152 	897 	696 	717790 
	AMSTERDAM # 153 	897 	697 	717791 
	AMSTERDAM # 154 	897 	698 	717792 
	AMSTERDAM # 155 	897 	699 	717793 
	AMSTERDAM # 156 	897 	700 	717794 
	AMSTERDAM # 157 	897 	701 	717795 
	AMSTERDAM # 158 	897 	702 	717796 
	AMSTERDAM # 159 	897 	703 	717797 
	AMSTERDAM # 160 	897 	704 	717798 
	AMSTERDAM # 161 	897 	705 	717799 
	AMSTERDAM # 162 	897 	706 	717800 
	AMSTERDAM # 163 	897 	707 	717801 
	AMSTERDAM # 164 	897 	708 	717802 
	AMSTERDAM # 165 	897 	709 	717803 
	AMSTERDAM # 168 	897 	712 	717806 
	AMSTERDAM # 169 	897 	713 	717807 
	AMSTERDAM # 170 	897 	714 	717808 
	AMSTERDAM # 171 	897 	715 	717809 
	AMSTERDAM # 172 	897 	716 	717810 
	AMSTERDAM # 176 	902 	267 	718844 
	AMSTERDAM # 177 	902 	268 	718845 
	AMSTERDAM # 178 	902 	269 	718846 
	AMSTERDAM # 179 	902 	270 	718847 
	AMSTERDAM # 180 	902 	271 	718848 
	AMSTERDAM # 181 	902 	272 	718849 
	AMSTERDAM # 182 	902 	273 	718850 
	AMSTERDAM # 183 	902 	274 	718851 
	AMSTERDAM # 184 	902 	275 	718852 
	AMSTERDAM # 185 	902 	276 	718853 
	MIDAS #231 	902 	253 	718854 
	MIDAS #232 	902 	254 	718855 



11 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS #233 	902 	255 	718856 
	MIDAS #234 	902 	256 	718857 
	MIDAS #235 	902 	257 	718858 
	MIDAS #236 	902 	258 	718859 
	MIDAS #237 	902 	259 	718860 
	MIDAS #238 	902 	260 	718861 
	MIDAS #239 	902 	261 	718862 
	MIDAS #240 	902 	262 	718863 
	MIDAS #241 	902 	263 	718864 
	MIDAS #242 	902 	264 	718865 
	MIDAS #349 	902 	265 	718866 
	MIDAS #350 	902 	266 	718867 
	AMSTERDAM # 188 	909 	855 	721420 
	AMSTERDAM # 189 	909 	856 	721421 
	AMSTERDAM # 190 	909 	857 	721422 
	AMSTERDAM # 191 	909 	858 	721423 
	AMSTERDAM # 192 	909 	859 	721424 
	AMSTERDAM # 193 	909 	860 	721425 
	AMSTERDAM # 194 	909 	861 	721426 
	AMSTERDAM 195 	909 	862 	721427 
	AMSTERDAM # 197 	909 	864 	721429 
	AMSTERDAM # 198 	909 	865 	721430 
	AMSTERDAM # 199 	909 	866 	721431 
	AMSTERDAM # 200 	909 	867 	721432 
	AMSTERDAM # 201 	909 	868 	721433 
	AMSTERDAM # 202 	909 	869 	721434 
	AMSTERDAM # 203 	909 	870 	721435 
	AMSTERDAM # 204 	909 	871 	721436 
	AMSTERDAM # 205 	909 	872 	721437 
	AMSTERDAM # 206 	909 	873 	721438 
	AMSTERDAM # 207 	909 	874 	721439 
	AMSTERDAM # 208 	909 	875 	721440 
	AMSTERDAM # 209 	909 	876 	721441 
	AMSTERDAM # 210 	909 	877 	721442 
	AMSTERDAM # 211 	909 	878 	721443 
	AMSTERDAM # 212 	909 	879 	721444 
	AMSTERDAM # 213 	909 	880 	721445 
	AMSTERDAM # 214 	909 	881 	721446 
	AMSTERDAM # 215 	909 	882 	721447 
	AMSTERDAM # 216 	909 	883 	721448 
	AMSTERDAM # 217 	909 	884 	721449 



12 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 218 	909 	885 	721450 
	AMSTERDAM # 219 	909 	886 	721451 
	AMSTERDAM # 220 	909 	887 	721452 
	AMSTERDAM # 221 	909 	888 	721453 
	AMSTERDAM # 222 	909 	889 	721454 
	AMSTERDAM # 223 	909 	890 	721455 
	AMSTERDAM # 224 	909 	891 	721456 
	AMSTERDAM # 225 	909 	892 	721457 
	AMSTERDAM # 226 	909 	893 	721458 
	AMSTERDAM # 227 	909 	894 	721459 
	AMSTERDAM # 228 	909 	895 	721460 
	AMSTERDAM # 229 	909 	896 	721461 
	AMSTERDAM # 230 	909 	897 	721462 
	AMSTERDAM # 231 	909 	898 	721463 
	AMSTERDAM # 232 	909 	899 	721464 
	AMSTERDAM # 233 	909 	900 	721465 
	AMSTERDAM # 234 	909 	901 	721466 
	AMSTERDAM # 235 	909 	902 	721467 
	AMSTERDAM # 236 	909 	903 	721468 
	AMSTERDAM # 237 	909 	904 	721469 
	AMSTERDAM # 238 	909 	905 	721470 
	AMSTERDAM # 239 	909 	906 	721471 
	AMSTERDAM # 240 	909 	907 	721472 
	AMSTERDAM # 241 	909 	908 	721473 
	AMSTERDAM # 242 	909 	909 	721474 
	AMSTERDAM # 243 	909 	910 	721475 
	AMSTERDAM # 244 	909 	911 	721476 
	AMSTERDAM # 245 	909 	912 	721477 
	AMSTERDAM # 246 	909 	913 	721478 
	AMSTERDAM # 247 	909 	914 	721479 
	AMSTERDAM # 248 	909 	915 	721480 
	AMSTERDAM # 249 	909 	916 	721481 
	AMSTERDAM # 250 	909 	917 	721482 
	AMSTERDAM # 251 	909 	918 	721483 
	AMSTERDAM # 252 	909 	919 	721484 
	AMSTERDAM # 253 	909 	920 	721485 
	AMSTERDAM # 254 	909 	921 	721486 
	AMSTERDAM # 255 	909 	922 	721487 
	AMSTERDAM # 256 	909 	923 	721488 
	AMSTERDAM # 257 	909 	924 	721489 
	AMSTERDAM # 258 	909 	925 	721490 



13 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 259 	909 	926 	721491 
	AMSTERDAM # 260 	909 	927 	721492 
	AMSTERDAM # 261 	909 	928 	721493 
	AMSTERDAM # 262 	909 	929 	721494 
	AMSTERDAM # 263 	909 	930 	721495 
	AMSTERDAM # 264 	909 	931 	721496 
	AMSTERDAM # 265 	909 	932 	721497 
	AMSTERDAM # 266 	909 	933 	721498 
	AMSTERDAM # 267 	909 	934 	721499 
	AMSTERDAM # 268 	909 	935 	721500 
	AMSTERDAM # 269 	909 	936 	721501 
	AMSTERDAM # 270 	909 	937 	721502 
	AMSTERDAM # 271 	909 	938 	721503 
	AMSTERDAM # 272 	909 	939 	721504 
	AMSTERDAM # 273 	909 	940 	721505 
	AMSTERDAM # 274 	909 	941 	721506 
	AMSTERDAM # 275 	909 	942 	721507 
	AMSTERDAM # 276 	909 	943 	721508 
	AMSTERDAM # 277 	909 	944 	721509 
	AMSTERDAM # 278 	909 	945 	721510 
	AMSTERDAM # 279 	909 	946 	721511 
	AMSTERDAM # 280 	909 	947 	721512 
	AMSTERDAM # 281 	909 	948 	721513 
	AMSTERDAM # 282 	909 	949 	721514 
	AMSTERDAM # 283 	909 	950 	721515 
	AMSTERDAM # 284 	910 	1 	721516 
	AMSTERDAM # 285 	910 	2 	721517 
	AMSTERDAM # 286 	910 	3 	721518 
	AMSTERDAM # 287 	910 	4 	721519 
	AMSTERDAM # 288 	910 	5 	721520 
	AMSTERDAM # 289 	910 	6 	721521 
	AMSTERDAM # 290 	910 	7 	721522 
	AMSTERDAM # 291 	910 	8 	721523 
	AMSTERDAM # 292 	910 	9 	721524 
	AMSTERDAM # 293 	910 	10 	721525 
	AMSTERDAM # 294 	910 	11 	721526 
	AMSTERDAM # 295 	910 	12 	721527 
	AMSTERDAM # 296 	910 	13 	721528 
	AMSTERDAM # 297 	910 	14 	721529 
	AMSTERDAM # 298 	910 	15 	721530 
	AMSTERDAM # 299 	910 	16 	721531 



14 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 300 	910 	17 	721532 
	AMSTERDAM # 303 	910 	20 	721535 
	AMSTERDAM # 304 	910 	21 	721536 
	AMSTERDAM # 305 	910 	22 	721537 
	AMSTERDAM # 306 	910 	23 	721538 
	AMSTERDAM # 307 	910 	24 	721539 
	AMSTERDAM # 308 	910 	25 	721540 
	AMSTERDAM # 309 	910 	26 	721541 
	AMSTERDAM # 310 	910 	27 	721542 
	AMSTERDAM # 311 	910 	28 	721543 
	AMSTERDAM # 312 	910 	29 	721544 
	AMSTERDAM # 313 	910 	30 	721545 
	AMSTERDAM # 314 	910 	31 	721546 
	AMSTERDAM # 315 	910 	32 	721547 
	AMSTERDAM # 316 	910 	33 	721548 
	AMSTERDAM # 317 	910 	34 	721549 
	AMSTERDAM # 318 	910 	35 	721550 
	AMSTERDAM # 319 	910 	36 	721551 
	AMSTERDAM # 320 	910 	37 	721552 
	AMSTERDAM # 321 	910 	38 	721553 
	AMSTERDAM # 322 	910 	39 	721554 
	AMSTERDAM # 323 	910 	40 	721555 
	AMSTERDAM # 324 	910 	41 	721556 
	AMSTERDAM # 325 	910 	42 	721557 
	AMSTERDAM # 326 	910 	43 	721558 
	AMSTERDAM # 327 	910 	44 	721559 
	AMSTERDAM # 328 	910 	45 	721560 
	AMSTERDAM # 329 	910 	46 	721561 
	AMSTERDAM # 330 	910 	47 	721562 
	AMSTERDAM # 331 	910 	48 	721563 
	AMSTERDAM # 332 	910 	49 	721564 
	AMSTERDAM # 333 	910 	50 	721565 
	AMSTERDAM # 334 	910 	51 	721566 
	AMSTERDAM # 335 	910 	52 	721567 
	AMSTERDAM # 336 	910 	53 	721568 
	AMSTERDAM # 337 	910 	54 	721569 
	AMSTERDAM # 338 	910 	55 	721570 
	AMSTERDAM # 339 	910 	56 	721571 
	AMSTERDAM # 340 	910 	57 	721572 
	AMSTERDAM # 341 	910 	58 	721573 
	AMSTERDAM # 342 	910 	59 	721574 



15 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 343 	910 	60 	721575 
	AMSTERDAM # 344 	910 	61 	721576 
	AMSTERDAM # 345 	910 	62 	721577 
	AMSTERDAM # 346 	910 	63 	721578 
	AMSTERDAM # 347 	910 	64 	721579 
	AMSTERDAM # 348 	910 	65 	721580 
	AMSTERDAM # 349 	910 	66 	721581 
	AMSTERDAM # 350 	910 	67 	721582 
	AMSTERDAM # 351 	910 	68 	721583 
	AMSTERDAM # 352 	910 	69 	721584 
	AMSTERDAM # 353 	910 	70 	721585 
	AMSTERDAM # 354 	910 	71 	721586 
	AMSTERDAM # 355 	910 	72 	721587 
	AMSTERDAM # 356 	910 	73 	721588 
	AMSTERDAM # 357 	910 	74 	721589 
	AMSTERDAM # 358 	910 	75 	721590 
	AMSTERDAM # 359 	910 	76 	721591 
	AMSTERDAM # 360 	910 	77 	721592 
	AMSTERDAM # 361 	910 	78 	721593 
	AMSTERDAM # 362 	910 	79 	721594 
	AMSTERDAM # 363 	910 	80 	721595 
	AMSTERDAM # 364 	910 	81 	721596 
	AMSTERDAM # 365 	910 	82 	721597 
	AMSTERDAM # 366 	910 	83 	721598 
	AMSTERDAM # 367 	910 	84 	721599 
	AMSTERDAM # 368 	910 	85 	721600 
	AMSTERDAM # 369 	910 	86 	721601 
	AMSTERDAM # 370 	910 	87 	721602 
	AMSTERDAM # 371 	910 	88 	721603 
	AMSTERDAM # 372 	910 	89 	721604 
	AMSTERDAM # 373 	910 	90 	721605 
	AMSTERDAM # 374 	910 	91 	721606 
	AMSTERDAM # 375 	910 	92 	721607 
	AMSTERDAM # 376 	910 	93 	721608 
	AMSTERDAM # 377 	910 	94 	721609 
	AMSTERDAM # 378 	910 	95 	721610 
	AMSTERDAM # 379 	910 	96 	721611 
	AMSTERDAM # 380 	910 	97 	721612 
	MIDAS #353 	910 	101 	721616 
	MIDAS #354 	910 	102 	721617 
	MIDAS #355 	910 	103 	721618 



16 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS #356 	910 	104 	721619 
	MIDAS #357 	910 	105 	721620 
	MIDAS #358 	910 	106 	721621 
	MIDAS # 359 	910 	107 	721622 
	MIDAS # 360 	910 	108 	721623 
	MIDAS # 361 	910 	109 	721624 
	MIDAS # 362 	910 	110 	721625 
	MIDAS # 363 	910 	111 	721626 
	MIDAS # 364 	910 	112 	721627 
	MIDAS # 365 	910 	113 	721628 
	MIDAS # 366 	910 	114 	721629 
	MIDAS # 367 	910 	115 	721630 
	MIDAS # 368 	910 	116 	721631 
	MIDAS # 369 	910 	117 	721632 
	MIDAS # 370 	910 	118 	721633 
	MIDAS # 371 	910 	119 	721634 
	MIDAS # 372 	910 	120 	721635 
	MIDAS # 373 	910 	121 	721636 
	MIDAS # 374 	910 	122 	721637 
	MIDAS # 375 	910 	123 	721638 
	MIDAS # 376 	910 	124 	721639 
	MIDAS # 377 	910 	125 	721640 
	MIDAS # 378 	910 	126 	721641 
	MIDAS # 379 	910 	127 	721642 
	MIDAS # 380 	910 	128 	721643 
	MIDAS # 381 	910 	129 	721644 
	MIDAS # 382 	910 	130 	721645 
	MIDAS # 383 	910 	131 	721646 
	MIDAS # 384 	910 	132 	721647 
	MIDAS # 385 	910 	133 	721648 
	MIDAS # 386 	910 	134 	721649 
	MIDAS # 387 	910 	135 	721650 
	MIDAS # 388 	910 	136 	721651 
	MIDAS # 389 	910 	137 	721652 
	MIDAS # 390 	910 	138 	721653 
	MIDAS # 391 	910 	139 	721654 
	MIDAS # 392 	910 	140 	721655 
	MIDAS # 393 	910 	141 	721656 
	MIDAS # 394 	910 	142 	721657 
	MIDAS # 395 	910 	143 	721658 
	MIDAS # 396 	910 	144 	721659 



17 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 397 	910 	145 	721660 
	MIDAS # 398 	910 	146 	721661 
	MIDAS # 399 	910 	147 	721662 
	MIDAS # 400 	910 	148 	721663 
	MIDAS # 401 	910 	149 	721664 
	MIDAS # 402 	910 	150 	721665 
	MIDAS # 403 	910 	151 	721666 
	MIDAS # 404 	910 	152 	721667 
	MIDAS # 405 	910 	153 	721668 
	MIDAS # 406 	910 	154 	721669 
	MIDAS # 407 	910 	155 	721670 
	MIDAS # 408 	910 	156 	721671 
	MIDAS # 409 	910 	157 	721672 
	MIDAS # 410 	910 	158 	721673 
	MIDAS # 411 	910 	159 	721674 
	MIDAS # 412 	910 	160 	721675 
	MIDAS # 413 	910 	161 	721676 
	MIDAS # 414 	910 	162 	721677 
	MIDAS # 415 	910 	163 	721678 
	MIDAS # 416 	910 	164 	721679 
	MIDAS # 417 	910 	165 	721680 
	MIDAS # 418 	910 	166 	721681 
	MIDAS # 419 	910 	167 	721682 
	MIDAS # 420 	910 	168 	721683 
	MIDAS # 423 	910 	171 	721686 
	MIDAS # 424 	910 	172 	721687 
	MIDAS # 425 	910 	173 	721688 
	MIDAS # 426 	910 	174 	721689 
	MIDAS # 427 	910 	175 	721690 
	MIDAS # 428 	910 	176 	721691 
	MIDAS # 429 	910 	177 	721692 
	MIDAS # 430 	910 	178 	721693 
	MIDAS # 431 	910 	179 	721694 
	MIDAS # 432 	910 	180 	721695 
	MIDAS # 433 	910 	181 	721696 
	MIDAS # 434 	910 	182 	721697 
	MIDAS # 435 	910 	183 	721698 
	MIDAS # 436 	910 	184 	721699 
	MIDAS # 437 	910 	185 	721700 
	MIDAS # 438 	910 	186 	721701 
	MIDAS # 439 	910 	187 	721702 



18 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 440 	910 	188 	721703 
	MIDAS # 441 	910 	189 	721704 
	MIDAS # 442 	910 	190 	721705 
	MIDAS # 443 	910 	191 	721706 
	MIDAS # 444 	910 	192 	721707 
	MIDAS # 445 	910 	193 	721708 
	MIDAS # 446 	910 	194 	721709 
	MIDAS # 447 	910 	195 	721710 
	MIDAS # 448 	910 	196 	721711 
	MIDAS # 449 	910 	197 	721712 
	MIDAS # 450 	910 	198 	721713 
	MIDAS # 451 	910 	199 	721714 
	MIDAS # 452 	910 	200 	721715 
	MIDAS # 453 	910 	201 	721716 
	MIDAS # 454 	910 	202 	721717 
	MIDAS # 455 	910 	203 	721718 
	MIDAS 456 	910 	204 	721719 
	MIDAS 457 	910 	205 	721720 
	MIDAS 458 	910 	206 	721721 
	MIDAS 459 	910 	207 	721722 
	MIDAS # 460 	910 	208 	721723 
	MIDAS # 461 	910 	209 	721724 
	MIDAS # 462 	910 	210 	721725 
	MIDAS # 463 	910 	211 	721726 
	MIDAS # 464 	910 	212 	721727 
	MIDAS # 465 	910 	213 	721728 
	MIDAS # 466 	910 	214 	721729 
	MIDAS 467 	910 	215 	721730 
	MIDAS # 468 	910 	216 	721731 
	MIDAS # 469 	910 	217 	721732 
	MIDAS # 470 	910 	218 	721733 
	MIDAS # 471 	910 	219 	721734 
	MIDAS # 472 	910 	220 	721735 
	MIDAS # 473 	910 	221 	721736 
	MIDAS # 474 	910 	222 	721737 
	MIDAS # 475 	910 	223 	721738 
	MIDAS # 476 	910 	224 	721739 
	MIDAS # 477 	910 	225 	721740 
	MIDAS # 478 	910 	226 	721741 
	MIDAS # 479 	910 	227 	721742 
	MIDAS # 480 	910 	228 	721743 



19 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 481 	910 	229 	721744 
	MIDAS # 482 	910 	230 	721745 
	MIDAS # 483 	910 	231 	721746 
	MIDAS # 484 	910 	232 	721747 
	MIDAS # 506 	910 	254 	721769 
	MIDAS # 507 	910 	255 	721770 
	MIDAS # 508 	910 	256 	721771 
	MIDAS # 509 	910 	257 	721772 
	MIDAS # 543 	910 	291 	721806 
	MIDAS # 544 	910 	292 	721807 
	MIDAS # 545 	910 	293 	721808 
	MIDAS # 546 	910 	294 	721809 
	MIDAS # 547 	910 	295 	721810 
	MIDAS # 548 	910 	296 	721811 
	MIDAS # 549 	910 	297 	721812 
	MIDAS # 550 	910 	298 	721813 
	MIDAS # 583 	910 	331 	721846 
	MIDAS # 584 	910 	332 	721847 
	MIDAS # 585 	910 	333 	721848 
	MIDAS # 586 	910 	334 	721849 
	MIDAS # 588 	910 	336 	721851 
	MIDAS # 623 	910 	371 	721886 
	MIDAS # 624 	910 	372 	721887 
	MIDAS # 625 	910 	373 	721888 
	MIDAS # 626 	910 	374 	721889 
	MIDAS # 627 	910 	375 	721890 
	MIDAS # 628 	910 	376 	721891 
	MIDAS # 629 	910 	377 	721892 
	MIDAS # 630 	910 	378 	721893 
	MIDAS # 631 	910 	379 	721894 
	MIDAS # 632 	910 	380 	721895 
	MIDAS # 633 	910 	381 	721896 
	MIDAS # 634 	910 	382 	721897 
	MIDAS # 635 	910 	383 	721898 
	MIDAS # 636 	910 	384 	721899 
	MIDAS # 637 	910 	385 	721900 
	MIDAS # 639 	910 	387 	721902 
	MIDAS # 641 	910 	389 	721904 
	MIDAS # 643 	910 	391 	721906 
	MIDAS # 645 	910 	393 	721908 
	MIDAS # 647 	910 	395 	721910 



20 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 649 	910 	397 	721912 
	MIDAS # 651 	910 	399 	721914 
	MIDAS # 661 	910 	409 	721924 
	MIDAS # 663 	910 	411 	721926 
	MIDAS # 665 	910 	413 	721928 
	MIDAS # 667 	910 	415 	721930 
	MIDAS # 669 	910 	417 	721932 
	MIDAS # 670 	910 	418 	721933 
	MIDAS # 671 	910 	419 	721934 
	MIDAS # 672 	910 	420 	721935 
	MIDAS # 673 	910 	421 	721936 
	MIDAS # 674 	910 	422 	721937 
	MIDAS # 675 	910 	423 	721938 
	MIDAS # 676 	910 	424 	721939 
	MIDAS # 677 	910 	425 	721940 
	MIDAS # 678 	910 	426 	721941 
	MIDAS # 679 	910 	427 	721942 
	MIDAS # 680 	910 	428 	721943 
	MIDAS # 681 	910 	429 	721944 
	MIDAS # 682 	910 	430 	721945 
	MIDAS # 683 	910 	431 	721946 
	MIDAS # 684 	910 	432 	721947 
	MIDAS # 685 	910 	433 	721948 
	MIDAS # 686 	910 	434 	721949 
	MIDAS # 687 	910 	435 	721950 
	MIDAS # 688 	910 	436 	721951 
	MIDAS # 689 	910 	437 	721952 
	MIDAS # 690 	910 	438 	721953 
	MIDAS # 691 	910 	439 	721954 
	MIDAS # 692 	910 	440 	721955 
	MIDAS # 693 	910 	441 	721956 
	MIDAS # 694 	910 	442 	721957 
	MIDAS # 695 	910 	443 	721958 
	MIDAS # 696 	910 	444 	721959 
	MIDAS # 697 	910 	445 	721960 
	MIDAS # 698 	910 	446 	721961 
	MIDAS # 699 	910 	447 	721962 
	MIDAS # 700 	910 	448 	721963 
	MIDAS # 701 	910 	449 	721964 
	MIDAS # 702 	910 	450 	721965 
	MIDAS # 703 	910 	451 	721966 



21 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 704 	910 	452 	721967 
	MIDAS # 705 	910 	453 	721968 
	MIDAS # 706 	910 	454 	721969 
	MIDAS # 707 	910 	455 	721970 
	MIDAS # 708 	910 	456 	721971 
	MIDAS # 709 	910 	457 	721972 
	MIDAS # 710 	910 	458 	721973 
	MIDAS # 711 	910 	459 	721974 
	MIDAS # 712 	910 	460 	721975 
	MIDAS # 713 	910 	461 	721976 
	MIDAS # 714 	910 	462 	721977 
	MIDAS # 715 	910 	463 	721978 
	MIDAS # 716 	910 	464 	721979 
	MIDAS # 717 	910 	465 	721980 
	MIDAS # 718 	910 	466 	721981 
	MIDAS # 719 	910 	467 	721982 
	MIDAS # 720 	910 	468 	721983 
	MIDAS # 721 	910 	469 	721984 
	MIDAS # 722 	910 	470 	721985 
	MIDAS # 723 	910 	471 	721986 
	MIDAS # 724 	910 	472 	721987 
	MIDAS # 725 	910 	473 	721988 
	MIDAS # 726 	910 	474 	721989 
	MIDAS # 727 	910 	475 	721990 
	MIDAS # 728 	910 	476 	721991 
	MIDAS # 729 	910 	477 	721992 
	MIDAS # 730 	910 	478 	721993 
	MIDAS # 731 	910 	479 	721994 
	MIDAS # 732 	910 	480 	721995 
	MIDAS # 733 	910 	481 	721996 
	MIDAS # 734 	910 	482 	721997 
	MIDAS # 735 	910 	483 	721998 
	MIDAS # 736 	910 	484 	721999 
	MIDAS # 737 	910 	485 	722000 
	MIDAS # 738 	910 	486 	722001 
	MIDAS # 739 	910 	487 	722002 
	MIDAS # 740 	910 	488 	722003 
	MIDAS # 741 	910 	489 	722004 
	MIDAS # 742 	910 	490 	722005 
	MIDAS # 743 	910 	491 	722006 
	MIDAS # 744 	910 	492 	722007 



22 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 745 	910 	493 	722008 
	MIDAS # 746 	910 	494 	722009 
	MIDAS # 747 	910 	495 	722010 
	MIDAS # 748 	910 	496 	722011 
	MIDAS # 749 	910 	497 	722012 
	MIDAS # 750 	910 	498 	722013 
	MIDAS # 751 	910 	499 	722014 
	MIDAS # 752 	910 	500 	722015 
	MIDAS # 753 	910 	501 	722016 
	MIDAS # 754 	910 	502 	722017 
	MIDAS # 755 	910 	503 	722018 
	MIDAS # 756 	910 	504 	722019 
	MIDAS # 757 	910 	505 	722020 
	MIDAS # 758 	910 	506 	722021 
	MIDAS # 759 	910 	507 	722022 
	MIDAS # 760 	910 	508 	722023 
	MIDAS # 761 	910 	509 	722024 
	MIDAS # 762 	910 	510 	722025 
	MIDAS # 763 	910 	511 	722026 
	MIDAS # 764 	910 	512 	722027 
	MIDAS # 765 	910 	513 	722028 
	MIDAS # 766 	910 	514 	722029 
	MIDAS # 767 	910 	515 	722030 
	MIDAS # 768 	910 	516 	722031 
	MIDAS # 769 	910 	517 	722032 
	MIDAS # 770 	910 	518 	722033 
	MIDAS # 771 	910 	519 	722034 
	MIDAS # 772 	910 	520 	722035 
	MIDAS # 773 	910 	521 	722036 
	MIDAS # 774 	910 	522 	722037 
	MIDAS # 775 	910 	523 	722038 
	MIDAS # 776 	910 	524 	722039 
	MIDAS # 777 	910 	525 	722040 
	MIDAS # 778 	910 	526 	722041 
	MIDAS # 779 	910 	527 	722042 
	MIDAS # 780 	910 	528 	722043 
	MIDAS # 781 	910 	529 	722044 
	MIDAS # 782 	910 	530 	722045 
	MIDAS # 783 	910 	531 	722046 
	MIDAS # 784 	910 	532 	722047 
	MIDAS # 785 	910 	533 	722048 



23 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 786 	910 	534 	722049 
	MIDAS # 787 	910 	535 	722050 
	MIDAS # 788 	910 	536 	722051 
	MIDAS # 789 	910 	537 	722052 
	MIDAS # 790 	910 	538 	722053 
	MIDAS # 791 	910 	539 	722054 
	MIDAS # 792 	910 	540 	722055 
	MIDAS # 793 	910 	541 	722056 
	MIDAS # 794 	910 	542 	722057 
	MIDAS # 795 	910 	543 	722058 
	MIDAS # 796 	910 	544 	722059 
	MIDAS # 798 	910 	546 	722061 
	MIDAS # 809 	910 	557 	722072 
	MIDAS # 810 	910 	558 	722073 
	MIDAS # 811 	910 	559 	722074 
	MIDAS # 812 	910 	560 	722075 
	MIDAS # 813 	910 	561 	722076 
	MIDAS # 814 	910 	562 	722077 
	MIDAS # 815 	910 	563 	722078 
	MIDAS # 816 	910 	564 	722079 
	MIDAS # 817 	910 	565 	722080 
	MIDAS # 818 	910 	566 	722081 
	MIDAS # 819 	910 	567 	722082 
	MIDAS # 820 	910 	568 	722083 
	MIDAS # 821 	910 	569 	722084 
	MIDAS # 822 	910 	570 	722085 
	MIDAS # 823 	910 	571 	722086 
	MIDAS # 824 	910 	572 	722087 
	MIDAS # 825 	910 	573 	722088 
	MIDAS # 826 	910 	574 	722089 
	MIDAS # 827 	910 	575 	722090 
	MIDAS # 828 	910 	576 	722091 
	MIDAS # 829 	910 	577 	722092 
	MIDAS # 830 	910 	578 	722093 
	MIDAS # 831 	910 	579 	722094 
	MIDAS # 832 	910 	580 	722095 
	MIDAS # 841 	910 	589 	722104 
	MIDAS # 842 	910 	590 	722105 
	MIDAS # 843 	910 	591 	722106 
	MIDAS # 845 	910 	593 	722108 
	MIDAS # 846 	910 	594 	722109 



24 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS # 847 	910 	595 	722110 
	MIDAS # 848 	910 	596 	722111 
	MIDAS # 849 	910 	597 	722112 
	MIDAS # 851 	910 	599 	722114 
	MIDAS # 856 	910 	604 	722119 
	MIDAS # 857 	910 	605 	722120 
	MIDAS # 858 	910 	606 	722121 
	MIDAS # 859 	910 	607 	722122 
	MIDAS # 860 	910 	608 	722123 
	MIDAS # 861 	910 	609 	722124 
	MIDAS # 862 	910 	610 	722125 
	MIDAS # 863 	910 	611 	722126 
	MIDAS # 864 	910 	612 	722127 
	MIDAS # 865 	910 	613 	722128 
	MIDAS # 866 	910 	614 	722129 
	MIDAS # 869 	910 	617 	722132 
	MIDAS 870 	915 	61 	723687 
	MIDAS 871 	915 	62 	723688 
	MIDAS 872 	915 	63 	723689 
	MIDAS # 873 	915 	64 	723690 
	MIDAS 876 	915 	67 	723693 
	MIDAS 877 	915 	68 	723694 
	MIDAS # 882 	915 	73 	723699 
	MIDAS # 883 	915 	74 	723700 
	MIDAS # 884 	915 	75 	723701 
	MIDAS # 885 	915 	76 	723702 
	MIDAS # 886 	915 	77 	723703 
	AMSTERDAM # 383 	918 	355 	726451 
	AMSTERDAM # 384 	918 	356 	726452 
	AMSTERDAM # 385 	918 	357 	726453 
	AMSTERDAM # 386 	918 	358 	726454 
	AMSTERDAM # 387 	918 	359 	726455 
	AMSTERDAM # 388 	918 	360 	726456 
	AMSTERDAM # 389 	918 	361 	726457 
	AMSTERDAM # 390 	918 	362 	726458 
	AMSTERDAM # 391 	918 	363 	726459 
	AMSTERDAM # 392 	918 	364 	726460 
	AMSTERDAM # 393 	918 	365 	726461 
	AMSTERDAM # 394 	918 	366 	726462 
	AMSTERDAM # 395 	918 	367 	726463 
	AMSTERDAM # 396 	918 	368 	726464 



25 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM # 397 	918 	369 	726465 
	AMSTERDAM # 398 	918 	370 	726466 
	AMSTERDAM # 399 	918 	371 	726467 
	AMSTERDAM # 400 	918 	372 	726468 
	AMSTERDAM # 401 	918 	373 	726469 
	AMSTERDAM # 402 	918 	374 	726470 
	AMSTERDAM # 403 	918 	375 	726471 
	AMSTERDAM # 404 	918 	376 	726472 
	AMSTERDAM # 405 	918 	377 	726473 
	AMSTERDAM # 406 	918 	378 	726474 
	AMSTERDAM # 407 	918 	379 	726475 
	AMSTERDAM # 408 	918 	380 	726476 
	AMSTERDAM # 409 	918 	381 	726477 
	AMSTERDAM # 410 	918 	382 	726478 
	AMSTERDAM # 411 	918 	383 	726479 
	MIDAS 889 	944 	358 	740783 
	MIDAS 890 	944 	359 	740784 
	MIDAS 891 	944 	360 	740785 
	MIDAS 892 	944 	361 	740786 
	ACME R 	944 	362 	740787 
	ESMERALDA NO. 1R 	944 	364 	740788 
	MIDAS 44R 	945 	568 	741243 
	MIDAS 45R 	945 	569 	741244 
	MIDAS 46R 	945 	570 	741245 
	MIDAS 47R 	945 	571 	741246 
	MIDAS 48R 	945 	572 	741247 
	MIDAS 49R 	945 	573 	741248 
	MIDAS 50R 	945 	574 	741249 
	MIDAS 51R 	945 	575 	741250 
	MIDAS 52R 	945 	576 	741251 
	MIDAS 53R 	945 	577 	741252 
	MIDAS 54R 	945 	578 	741253 
	MIDAS 55R 	945 	579 	741254 
	MIDAS 56R 	945 	580 	741255 
	MIDAS 57R 	945 	581 	741256 
	MIDAS 58R 	945 	582 	741257 
	MIDAS 59R 	945 	583 	741258 
	MIDAS 60R 	945 	584 	741259 
	MIDAS 61R 	945 	585 	741260 
	MIDAS 62R 	945 	586 	741261 
	MIDAS 63R 	945 	587 	741262 



26 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 64R 	945 	588 	741263 
	MIDAS 65R 	945 	589 	741264 
	MIDAS 66R 	945 	590 	741265 
	MIDAS 67R 	945 	591 	741266 
	MIDAS 68R 	945 	592 	741267 
	MIDAS 69R 	945 	593 	741268 
	MIDAS 70R 	945 	594 	741269 
	MIDAS 71R 	945 	595 	741270 
	MIDAS 72R 	945 	596 	741271 
	MIDAS 73R 	945 	597 	741272 
	MIDAS 74R 	945 	598 	741273 
	MIDAS 75R 	945 	599 	741274 
	MIDAS 76R 	945 	600 	741275 
	MIDAS 77R 	945 	601 	741276 
	MIDAS 78R 	945 	602 	741277 
	MIDAS 79R 	945 	603 	741278 
	MIDAS 80R 	945 	604 	741279 
	MIDAS 82R 	945 	605 	741280 
	MIDAS 83R 	945 	606 	741281 
	MIDAS 84R 	945 	607 	741282 
	MIDAS 85R 	945 	608 	741283 
	MIDAS 86R 	945 	609 	741284 
	MIDAS 87R 	945 	610 	741285 
	MIDAS 88R 	945 	611 	741286 
	MIDAS 89R 	945 	612 	741287 
	MIDAS 90R 	945 	613 	741288 
	MIDAS 91R 	945 	614 	741289 
	MIDAS 93R 	945 	615 	741290 
	MIDAS 97R 	945 	616 	741291 
	MIDAS 98R 	945 	617 	741292 
	MIDAS 99R 	945 	618 	741293 
	MIDAS 100R 	945 	619 	741294 
	MIDAS 101R 	945 	620 	741295 
	MIDAS 102R 	945 	621 	741296 
	MIDAS 103R 	945 	622 	741297 
	MIDAS 104R 	945 	623 	741298 
	MIDAS 105R 	945 	624 	741299 
	MIDAS 106R 	945 	625 	741300 
	MIDAS 42R 	945 	566 	741302 
	MIDAS 43R 	945 	567 	741303 
	NEW GRANT R 	946 	511 	741642 



27 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	RICO R 	946 	513 	741643 
	GOLD SOVEREIGN R 	946 	515 	741644 
	LINK R 	946 	517 	741645 
	MIDAS 92R 	960 	708 	749179 
	MIDAS 159R 	960 	705 	749180 
	MIDAS 160R 	960 	706 	749181 
	MIDAS 873A 	960 	709 	749182 
	MIDAS 844R 	971 	656 	756605 
	MIDAS 850R 	971 	657 	756606 
	MIDAS 894 	979 	282 	765359 
	MIDAS 895 	979 	283 	765360 
	MIDAS 896 	979 	284 	765361 
	MIDAS 897 	979 	285 	765362 
	MIDAS 898 	979 	286 	765363 
	MIDAS 899 	979 	287 	765364 
	MIDAS 900 	979 	288 	765365 
	MIDAS 901 	979 	289 	765366 
	MIDAS 902 	979 	290 	765367 
	MIDAS 903 	979 	291 	765368 
	MIDAS 904 	979 	292 	765369 
	MIDAS 905 	979 	293 	765370 
	MIDAS 906 	979 	294 	765371 
	MIDAS 907 	979 	295 	765372 
	MIDAS 908 	979 	296 	765373 
	MIDAS 909 	979 	297 	765374 
	MIDAS 910 	979 	298 	765375 
	MIDAS 911 	979 	299 	765376 
	MIDAS 912 	979 	300 	765377 
	MIDAS 913 	979 	301 	765378 
	MIDAS 914 	979 	302 	765379 
	MIDAS 915 	979 	303 	765380 
	MIDAS 916 	979 	304 	765381 
	MIDAS 917 	979 	305 	765382 
	MIDAS 918 	979 	306 	765383 
	MIDAS 919 	979 	307 	765384 
	MIDAS 920 	979 	308 	765385 
	MIDAS 921 	979 	309 	765386 
	MIDAS 922 	979 	310 	765387 
	MIDAS 923 	979 	311 	765388 
	MIDAS 924 	979 	312 	765389 
	MIDAS 925 	979 	313 	765390 



28 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 926 	979 	314 	765391 
	MIDAS 927 	979 	315 	765392 
	MIDAS 928 	979 	316 	765393 
	MIDAS 929 	979 	317 	765394 
	MIDAS 930 	979 	318 	765395 
	MIDAS 931 	979 	319 	765396 
	MIDAS 932 	979 	320 	765397 
	MIDAS 933 	979 	321 	765398 
	MIDAS 934 	979 	322 	765399 
	MIDAS 935 	979 	323 	765400 
	MIDAS 936 	979 	324 	765401 
	MIDAS 937 	979 	325 	765402 
	MIDAS 938 	979 	326 	765403 
	MIDAS 939 	979 	327 	765404 
	MIDAS 893 	979 	281 	765405 
	MIDAS 31R 	999 	526 	774779 
	AMSTERDAM 413 	1003 	801 	776194 
	AMSTERDAM 414 	1003 	802 	776195 
	AMSTERDAM 415 	1003 	803 	776196 
	AMSTERDAM 416 	1003 	804 	776197 
	AMSTERDAM 417 	1003 	805 	776198 
	AMSTERDAM 418 	1003 	806 	776199 
	AMSTERDAM 420 	1003 	808 	776201 
	AMSTERDAM 421 	1003 	809 	776202 
	AMSTERDAM 422 	1003 	810 	776203 
	AMSTERDAM 423 	1003 	811 	776204 
	AMSTERDAM 425 	1003 	813 	776206 
	AMSTERDAM 426 	1003 	814 	776207 
	AMSTERDAM 427 	1003 	815 	776208 
	AMSTERDAM 428 	1003 	816 	776209 
	AMSTERDAM 433 	1003 	821 	776214 
	AMSTERDAM 438 	1003 	826 	776219 
	AMSTERDAM 439 	1003 	827 	776220 
	AMSTERDAM 442 	1003 	830 	776223 
	AMSTERDAM 443 	1003 	831 	776224 
	AMSTERDAM 444 	1003 	832 	776225 
	AMSTERDAM 445 	1003 	833 	776226 
	AMSTERDAM 446 	1003 	834 	776227 
	AMSTERDAM 447 	1003 	835 	776228 
	AMSTERDAM 448 	1003 	836 	776229 
	AMSTERDAM 449 	1003 	837 	776230 



29 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	AMSTERDAM 450 	1003 	838 	776231 
	MIDAS 943 	1003 	840 	776233 
	MIDAS 944 	1003 	841 	776234 
	MIDAS 941 	1022 	202 	783117 
	MIDAS 266R 	1022 	881 	783443 
	MIDAS 267R 	1022 	882 	783444 
	MIDAS 268R 	1022 	883 	783445 
	MIDAS 189R 	1023 	661 	784239 
	MIDAS 190R 	1023 	662 	784240 
	MIDAS 279R 	1023 	663 	784241 
	MIDAS 281R 	1023 	664 	784242 
	MIDAS 283R 	1023 	665 	784243 
	MIDAS 286R 	1023 	666 	784244 
	MIDAS 940 	1023 	667 	784245 
	MIDAS 945 	1023 	668 	784246 
	MIDAS 946 	1023 	669 	784247 
	AMSTERDAM 109R 	1023 	670 	784248 
	AMSTERDAM 110R 	1023 	671 	784249 
	AMSTERDAM 111R 	1023 	672 	784250 
	AMSTERDAM 116R 	1023 	673 	784251 
	AMSTERDAM 118R 	1023 	674 	784252 
	AMSTERDAM 120R 	1023 	675 	784253 
	AMSTERDAM 121R 	1023 	676 	784254 
	AMSTERDAM 122R 	1023 	677 	784255 
	AMSTERDAM 137R 	1023 	678 	784256 
	AMSTERDAM 138R 	1023 	679 	784257 
	AMSTERDAM 166R 	1023 	680 	784258 
	AMSTERDAM 167R 	1023 	681 	784259 
	AMSTERDAM 173R 	1023 	682 	784260 
	AMSTERDAM 175R 	1023 	683 	784261 
	AMSTERDAM 381R 	1023 	684 	784262 
	AMSTERDAM 382R 	1023 	685 	784263 
	AMSTERDAM 412R 	1023 	686 	784264 
	AMSTERDAM 424R 	1023 	687 	784265 
	AMSTERDAM 440R 	1023 	688 	784266 
	AMSTERDAM 452 	1023 	689 	784267 
	AMSTERDAM 453 	1023 	690 	784268 
	AMSTERDAM 454 	1023 	691 	784269 
	MIDAS 510R 	1024 	821 	785013 
	MIDAS 511R 	1024 	822 	785014 
	MIDAS 512R 	1024 	823 	785015 



30 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 513R 	1024 	824 	785016 
	MIDAS 514R 	1024 	825 	785017 
	AMSTERDAM 301R 	1027 	209 	785710 
	AMSTERDAM 302R 	1027 	210 	785711 
	MIDAS 942 	1027 	211 	785712 
	MIDAS 947 	1028 	415 	785921 
	MIDAS 954 	1028 	422 	785928 
	MIDAS 955 	1028 	423 	785929 
	MIDAS 956 	1028 	424 	785930 
	MIDAS 957 	1028 	425 	785931 
	MIDAS 958 	1028 	426 	785932 
	MIDAS 959 	1028 	427 	785933 
	AMSTERDAM 455 	1028 	428 	785934 
	MIDAS 966 	1053 	44 	790924 
	MIDAS 867R 	1053 	479 	790929 
	MIDAS 868R 	1053 	480 	790930 
	MIDAS 962 	1053 	481 	790931 
	MIDAS 963 	1053 	482 	790932 
	MIDAS 967 	1053 	486 	790933 
	MIDAS 968 	1053 	487 	790934 
	MIDAS 969 	1053 	488 	790935 
	MARTY 2R 	1065 	325 	792518 
	MARTY 3R 	1065 	326 	792519 
	MARTY 4R 	1065 	327 	792520 
	MARTY 5R 	1065 	328 	792521 
	MARTY 6R 	1065 	329 	792522 
	MIDAS 95R 	1065 	330 	792523 
	MIDAS 971 	1067 	797 	793064 
	MIDAS 972 	1067 	798 	793065 
	MIDAS 960 	1072 	25 	793495 
	MIDAS 961 	1072 	26 	793496 
	AMSTERDAM 456 	1072 	27 	793497 
	AMSTERDAM 457 	1072 	28 	793498 
	AMSTERDAM 458 	1072 	29 	793499 
	MIDAS 970 	1072 	30 	793500 
	MIDAS 973 	1072 	31 	793501 
	AMSTERDAM 459 	1086 	303 	800377 
	MIDAS 421R 	1086 	301 	800378 
	MIDAS 422R 	1086 	302 	800379 
	ESPERENZA RR 	1101 	35 	804479 
	MIDAS 26RR 	1101 	36 	804480 



31 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 32R 	1101 	37 	804481 
	MIDAS 120RR 	1101 	39 	804483 
	MIDAS 175R 	1101 	40 	804484 
	MIDAS 176R 	1101 	41 	804485 
	MIDAS 177R 	1101 	42 	804486 
	MIDAS 178R 	1101 	43 	804487 
	MIDAS 179R 	1101 	44 	804488 
	MIDAS 180R 	1101 	45 	804489 
	MIDAS 299R 	1101 	54 	804498 
	MIDAS 300R 	1101 	55 	804499 
	MIDAS 301R 	1101 	56 	804500 
	MIDAS 302R 	1101 	57 	804501 
	MIDAS 303R 	1101 	58 	804502 
	MIDAS 304R 	1101 	59 	804503 
	MIDAS 305R 	1101 	60 	804504 
	MIDAS 306R 	1101 	61 	804505 
	MIDAS 307R 	1101 	62 	804506 
	MIDAS 308R 	1101 	63 	804507 
	MIDAS 309R 	1101 	64 	804508 
	MIDAS 310R 	1101 	65 	804509 
	MIDAS 311R 	1101 	66 	804510 
	MIDAS 312R 	1101 	67 	804511 
	MIDAS 313R 	1101 	68 	804512 
	MIDAS 314R 	1101 	69 	804513 
	MIDAS 315R 	1101 	70 	804514 
	MIDAS 316R 	1101 	71 	804515 
	MIDAS 317R 	1101 	72 	804516 
	MIDAS 318R 	1101 	73 	804517 
	MIDAS 319R 	1101 	74 	804518 
	MIDAS 320R 	1101 	75 	804519 
	MIDAS 321R 	1101 	76 	804520 
	MIDAS 322R 	1101 	77 	804521 
	MIDAS 323R 	1101 	78 	804522 
	MIDAS 324R 	1101 	79 	804523 
	MIDAS 335R 	1101 	88 	804532 
	MIDAS 336R 	1101 	89 	804533 
	MIDAS 337R 	1101 	90 	804534 
	MIDAS 338R 	1101 	91 	804535 
	MIDAS 339R 	1101 	92 	804536 
	MIDAS 340R 	1101 	93 	804537 
	MIDAS 341R 	1101 	94 	804538 



32 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 342R 	1101 	95 	804539 
	MIDAS 351R 	1101 	102 	804546 
	MIDAS 352R 	1101 	103 	804547 
	MIDAS 874R 	1101 	108 	804552 
	MIDAS 875R 	1101 	109 	804553 
	MIDAS 878R 	1101 	110 	804554 
	MIDAS 879R 	1101 	111 	804555 
	MIDAS 880R 	1101 	112 	804556 
	MIDAS 881R 	1101 	113 	804557 
	MIDAS 888R 	1101 	115 	804559 
	MIDAS 964 	1101 	116 	804560 
	MIDAS 965 	1101 	117 	804561 
	AMSTERDAM 97R 	1101 	118 	804562 
	AMSTERDAM 98R 	1101 	119 	804563 
	AMSTERDAM 145R 	1101 	120 	804564 
	AMSTERDAM 174R 	1101 	121 	804565 
	AMSTERDAM 186R 	1101 	122 	804566 
	MIDAS 327RR 	1 	14939 	823693 
	MIDAS 328RR 	1 	14940 	823694 
	MIDAS 330RR 	1 	14941 	823695 
	MIDAS 332RR 	1 	14942 	823696 
	MIDAS 343RR 	1 	14943 	823697 
	MIDAS 344RR 	1 	14944 	823698 
	MIDAS 345RR 	1 	14945 	823699 
	MIDAS 346RR 	1 	14946 	823700 
	MIDAS 347RR 	1 	14947 	823701 
	MIDAS 852RR 	1 	14948 	823702 
	MIDAS 854RR 	1 	14949 	823703 
	MIDAS 855RR 	1 	14950 	823704 
	AMSTERDAM 187RR 	1 	14951 	823705 
	MIDAS 1000 	1 	30521 	825287 
	MIDAS 1001 	1 	30522 	825288 
	MIDAS 1002 	1 	30523 	825289 
	MIDAS 1003 	1 	30524 	825290 
	MIDAS 1004 	1 	30525 	825291 
	MIDAS 1005 	1 	30526 	825292 
	MIDAS 1006 	1 	30527 	825293 
	MIDAS 1007 	1 	30528 	825294 
	MIDAS 1008 	1 	30529 	825295 
	MIDAS 1009 	1 	30530 	825296 
	MIDAS 1010 	1 	30531 	825297 



33 






	
Claim Name
    	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 1011 	 1 	30532 	825298 
	MIDAS 1012 	 1 	30533 	825299 
	MIDAS 1013 	 1 	30534 	825300 
	MIDAS 1014 	 1 	30535 	825301 
	MIDAS 1015 	 1 	30536 	825302 
	MIDAS 1016 	 1 	30537 	825303 
	MIDAS 1017 	 1 	30538 	825304 
	MIDAS 1018 	 1 	30539 	825305 
	MIDAS 1019 	 1 	30540 	825306 
	MIDAS 1020 	 1 	30541 	825307 
	MIDAS 1021 	 1 	30542 	825308 
	MIDAS 1022 	 1 	30543 	825309 
	MIDAS 1023 	 1 	30544 	825310 
	MIDAS 1024 	 1 	30546 	825311 
	MIDAS 1025 	 1 	30547 	825312 
	MIDAS 1026 	 1 	30548 	825313 
	MIDAS 1027 	 1 	30549 	825314 
	MIDAS 1028 	 1 	30550 	825315 
	MIDAS 1029 	 1 	30551 	825316 
	MIDAS 1030 	 1 	30552 	825317 
	MIDAS 1031 	 1 	30553 	825318 
	MIDAS 1032 	 1 	30554 	825319 
	MIDAS 1033 	 1 	30555 	825320 
	MIDAS 1034 	 1 	30556 	825321 
	MIDAS 1035 	 1 	30557 	825322 
	MIDAS 1036 	 1 	30558 	825323 
	MIDAS 1037 	 1 	30559 	825324 
	MIDAS 1038 	 1 	30560 	825325 
	MIDAS 1039 	 1 	30561 	825326 
	MIDAS 1040 	 1 	30562 	825327 
	MIDAS 1041 	 1 	30563 	825328 
	MIDAS 1042 	 1 	30564 	825329 
	MIDAS 1043 	 1 	30565 	825330 
	MIDAS 1044 	 1 	30566 	825331 
	MIDAS 1045 	 1 	30567 	825332 
	MIDAS 1046 	 1 	30568 	825333 
	MIDAS 1047 	 1 	30569 	825334 
	MIDAS 1048 	 1 	30570 	825335 
	MIDAS 1049 	 1 	30571 	825336 
	MIDAS 1050 	 1 	30572 	825337 
	MIDAS 1051 	 1 	30573 	825338 



34 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MIDAS 1052 	 1 	30574 	825339 
	MIDAS 1053 	 1 	30575 	825340 
	MIDAS 1054 	 1 	30576 	825341 
	MIDAS 1055 	 1 	30577 	825342 
	MIDAS 1056 	 1 	30578 	825343 
	MIDAS 1057 	 1 	30579 	825344 
	MIDAS 1058 	 1 	30580 	825345 
	MIDAS 1059 	 1 	30581 	825346 
	MIDAS 1060 	 1 	30582 	825347 
	MIDAS 1061 	 1 	30583 	825348 
	MIDAS 1062 	 1 	30584 	825349 
	MIDAS 1063 	 1 	30586 	825350 
	MIDAS 1064 	 1 	30587 	825351 
	MIDAS 1065 	 1 	30588 	825352 
	MIDAS 1066 	 1 	30589 	825353 
	MIDAS 1067 	 1 	30590 	825354 
	MIDAS 1068 	 1 	30591 	825355 
	MIDAS 1069 	 1 	30592 	825356 
	MIDAS 1070 	 1 	30593 	825357 
	MIDAS 1071 	 1 	30594 	825358 
	MIDAS 1072 	 1 	30595 	825359 
	MIDAS 1073 	 1 	30596 	825360 
	MIDAS 1074 	 1 	30597 	825361 
	MIDAS 1075 	 1 	30598 	825362 
	MIDAS 1076 	 1 	30599 	825363 
	MIDAS 1077 	 1 	30600 	825364 
	MIDAS 1078 	 1 	30601 	825365 
	MIDAS 1079 	 1 	30602 	825366 
	MIDAS 1080 	 1 	30603 	825367 
	MIDAS 1081 	 1 	30604 	825368 
	MIDAS 1082 	 1 	30605 	825369 
	MIDAS 1083 	 1 	36620 	827051 
	MIDAS 1084 	 1 	36621 	827052 
	MIDAS 1085 	 1 	36622 	827053 
	MIDAS 1086 	 1 	36623 	827054 
	MIDAS 1087 	 1 	36624 	827055 
	MIDAS 1088 	 1 	36625 	827056 
	MIDAS 1089 	 1 	36626 	827057 
	MIDAS 1090 	 1 	36627 	827058 
	MDS 1 	  	537844 	905317 
	MDS 2 	  	537845 	905318 



35 






	
Claim Name 	
Book
      & Page or 
Document No. 	
BLM Serial
      No. 

	MDS 3 	 	537846 	905319 
	MDS 4 	 	537847 	905320 
	MDS 5 	 	537848 	905321 
	MDS 6 	 	537849 	905322 
	MDS 7 	 	537850 	905323 
	MDS 8 	 	537851 	905324 
	MDS 9 	 	537852 	905325 
	MDS 10 	 	537853 	905326 
	MDS 11 	 	537854 	905327 
	MDS 12 	 	537855 	905328 
	MDS 13 	 	537856 	905329 
	MDS 14 	 	537857 	905330 
	MDS 15 	 	537858 	905331 
	MDS 16 	 	537859 	905332 
	MDS 17 	 	537860 	905333 
	MDS 18 	 	537861 	905334 
	MDS 19 	 	537862 	905335 
	MDS 20 	 	537863 	905336 
	MDS 21 	 	537864 	905337 
	MDS 22 	 	537865 	905338 
	MDS 23 	 	537866 	905339 
	MDS 24 	 	537867 	905340 
	MDS 25 	 	537868 	905341 
	MDS 26 	 	537869 	905342 
	MDS 27 	 	537870 	905343 
	MDS 28 	 	537871 	905344 
	MDS 29 	 	537872 	905345 
	MDS 30 	 	537873 	905346 
	MDS 31 	 	537874 	905347 
	MDS 32 	 	537875 	905348 
	MDS 33 	 	537876 	905349 
	MDS 34 	 	537877 	905350 
	MDS 35 	 	537878 	905351 
	MDS 36 	 	537879 	905352 
	MDS 37 	 	537880 	905353 
	MDS 38 	 	537881 	905354 
	MDS 39 	 	537882 	905355 
	MDS 40 	 	537883 	905356 
	MDS 41 	 	537884 	905357 
	MDS 42 	 	537885 	905358 
	MDS 43 	 	537886 	905359 



36 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	MDS 44 	 	537887 	905360 
	MDS 45 	 	537888 	905361 
	MDS 46 	 	537889 	905362 
	MDS 47 	 	537890 	905363 
	MDS 48 	 	537891 	905364 
	MDS 49 	 	537892 	905365 
	CAT 1 	 	559184 	933598 
	CAT 2 	 	559185 	933599 
	CAT 3 	 	559186 	933600 
	CAT 4 	 	559187 	933601 
	CAT 5 	 	559188 	933602 
	CAT 6 	 	559189 	933603 
	CAT 7 	 	559190 	933604 
	CAT 8 	 	559191 	933605 
	CAT 9 	 	559192 	933606 
	CAT 10 	 	559193 	933607 
	CAT 11 	 	559194 	933608 
	CAT 12 	 	559195 	933609 
	CAT 13 	 	559196 	933610 
	CAT 14 	 	559197 	933611 
	CAT 15 	 	559198 	933612 
	CAT 16 	 	559199 	933613 
	CAT 17 	 	559200 	933614 
	CAT 18 	 	559201 	933615 
	CAT 19 	 	559202 	933616 
	CAT 20 	 	559203 	933617 
	CAT 21 	 	559204 	933618 
	CAT 22 	 	559205 	933619 
	CAT 23 	 	559206 	933620 
	CAT 24 	 	559207 	933621 
	CAT 25 	 	559208 	933622 
	CAT 26 	 	559209 	933623 
	CAT 27 	 	559210 	933624 
	CAT 28 	 	559211 	933625 
	CAT 29 	 	559212 	933626 
	CAT 30 	 	559213 	933627 
	CAT 31 	 	559214 	933628 
	CAT 32 	 	559215 	933629 
	CAT 33 	 	559216 	933630 
	CAT 34 	 	559217 	933631 
	CAT 35 	 	559218 	933632 



37 






	
Claim Name 	Book &
      Page or 
Document No. 	
BLM Serial
      No. 

	CAT 36 	 	559219 	933633 
	CAT 37 	 	559220 	933634 
	CAT 38 	 	559221 	933635 
	CAT 39 	 	559222 	933636 
	CAT 40 	 	559223 	933637 
	CAT 41 	 	559224 	933638 
	CAT 42 	 	559225 	933639 
	CAT 43 	 	559226 	933640 
	CAT 44 	 	559227 	933641 
	CAT 45 	 	559228 	933642 
	CAT 46 	 	559229 	933643 
	CAT 47 	 	559230 	933644 
	CAT 48 	 	559231 	933645 
	CAT 49 	 	559232 	933646 
	CAT 50 	 	559233 	933647 
	CAT 51 	 	559234 	933648 
	CAT 52 	 	559235 	933649 
	CAT 53 	 	559236 	933650 
	CAT 54 	 	559237 	933651 
	CAT 55 	 	559238 	933652 
	CAT 56 	 	559239 	933653 
	CAT 57 	 	559240 	933654 
	CAT 58 	 	559241 	933655 




	(iii) 	
      Leasehold Interests – Fee
  Property



BARRICK GOLD EXPLORATION INC. – Mining Sublease and Option
dated April 2, 2007, by and between Barrick Gold Exploration Inc. and Newmont
USA Limited, recorded as a memorandum as Document No. 571656 in the Official
Records of the Elko County Recorder’s Office, Elko County, Nevada, on April 20,
2007, covering 50% mineral interest in 1,984.5 acres in portions of Sections 3,
9-12, 15-16, 20-21, 29, T39N-R46E; Sections 6, 7, 18, T39N-R47E; Sections 35-36,
T40N-R46E, Elko County, Nevada and 100% mineral interest in 1,169.7 acres in
portions of Sections 13, 23-26, 28, 29, 33, T39N-R46E; Sections 7, 18, T39N,
R47E, Elko County, Nevada. 

OXY USA INC. - Mining Lease and Agreement dated April 18, 2005,
by and between Transamerica Minerals Company, a California corporation, as Owner
(predecessor-in-interest to Oxy USA Inc.), and Newmont USA Limited, a Delaware
corporation, recorded as a memorandum as Document No. 534181 in the Official
Records of the Elko County Recorder’s Office, Elko County, Nevada, and amended
on December 21, 2006, covering 50% mineral interest in 3,560 acres in Sections
2, 9-12, 15-16, 20-21, 29, T39N, R46E; Sections 7, 18, T39N, R47E; Sections 17,
19, 21-22, 26-29, 33-36, T40N, R46E, Elko County, Nevada. 

FRAZIER CREEK EXPLORATION CO. INC. - Lease of Estar, Redar and
Laura Unpatented Lode Mining Claims and Sublease of Domenichelli Lease, dated
July 1, 2000, by and between Frazer Creek Exploration Company, Inc., a Nevada corporation, and
Franco-Nevada Mining Corporation, Inc., a Nevada corporation
(predecessor-in-interest to Newmont Midas Operations Inc.), recorded as a
memorandum as Document No. 467521 in Book 1, Pages 5290-5317 in the Official
Records of the Elko County Recorder’s Office, Elko County, Nevada, on February
28, 2001. The Lease affects unpatented lode mining claims and agreements
pertaining to lands situated in Sections 12 and 13, Township 39 North, Range 46
East, and in Sections 7, 18 and 19, Township 39 North, Range 47 East, MDM, Elko
County, Nevada, covering 28 acres of fee land in Sections 12, 13, T39N, R46E,
and Secs. 7, 18, 19, T39N, R47E, MDM, Elko County, Nevada. 

38 





DOMENICHELLI, RAMERIZ, WILLIAMS and FRAZER CREEK EXPLORATION
CO. -Mining Lease dated August 1, 1990, by and between William and Rose
Domenichelli, John Kenneth Domenichelli, William Melvin Domenichelli, Barbara
Jean Rameriz and Ruth Ann Williams, as lessors, and Frazer Creek Exploration
Company, Inc. a Nevada corporation, as lessee, recorded in short form version as
Document No. 297863 in Book 735 at Pages 508-514 of the Official Records of the
Elko County Recorder’s Office, Elko County, Nevada, covering 28 acres of fee
land in the E/2 NE/4 of Section 13, T39N, R46E, MDM, Elko County, Nevada. 

Leasehold Interests – Unpatented mining claims


1.      Mining Lease by and between
Clark Powell and his Associates and Romarco Nevada Inc., a Nevada corporation
(predecessor-in-interest to Newmont Midas Operations Inc.), dated October 30,
1995. The Mining Lease affects the following unpatented lode mining claims
situated in Sections 21 and 28, Township 39 North, Range 46 East, MDM, Elko
County, Nevada: 


	 	 	Recording Information 	  
	 	Claim Name 	Book 	Page 	BLM Serial Number 
	 	King Midas 	1095 	890 	105502 
	 	King Midas No. 2 	1095 	891 	105503 
	 	Dixie 	1095 	892 	105504 
	 	Dixie No. 1 	1095 	893 	105505 
	 	Dixie No. 2 	1095 	894 	105506 
	 	Dixie No. 3 	1095 	895 	105507 
	 	H-2 	1095 	896 	105509 



2.       Lease of Estar, Redar
and Laura Unpatented Lode Mining Claims and Sublease of Domenichelli Lease,
dated July 1, 2000, by and between Frazer Creek Exploration Company, Inc., a
Nevada corporation, and Franco-Nevada Mining Corporation, Inc., a Nevada
corporation (predecessor-in-interest to Newmont Midas Operations Inc.), recorded
as a memorandum as Document No. 467521 in Book 1, Pages 5290-5317 in the
Official Records of the Elko County Recorder’s Office, Elko County, Nevada, on
February 28, 2001. The Lease affects unpatented lode mining claims and
agreements pertaining to lands situated in Sections 12 and 13, Township 39
North, Range 46 East, and in Sections 7, 18 and 19, Township 39 North, Range 47
East, MDM, Elko County, Nevada, covering the following unpatented lode mining
claims and agreements pertaining to lands situated in Sections 12 and 13,
Township 39 North, Range 46 East, and in Sections 7, 18 and 19, Township 39
North, Range 47 East, MDM, Elko County, Nevada: 


39 





	 	Recording Information 	  
	Claim Name 	Book 	Page 	BLM Serial Number 
	Laura 6 	510 	423 	354642 
	Laura 20 	510 	435 	354655 
	REDAR 1 	875 	938 	708819 
	REDAR 2 	875 	939 	708820 
	REDAR 3 	875 	940 	708821 
	REDAR 4 	875 	941 	708822 
	REDAR 5 	875 	942 	708823 
	ESTAR 1 	875 	943 	708824 
	ESTAR 2 	875 	944 	708825 
	ESTAR 3 	875 	945 	708826 
	ESTAR 4 	875 	946 	708827 
	ESTAR 5 	875 	947 	708828 
	ESTAR 6 	875 	948 	708829 
	ESTAR 7 	912 	400 	722747 
	ESTAR 8 	912 	401 	722748 
	ESTAR 9 	912 	402 	722749 
	ESTAR 10 	912 	403 	722750 
	ESTAR 11 	912 	404 	722751 
	ESTAR 12 	912 	405 	722752 
	ESTAR 13 	912 	406 	722753 
	ESTAR 14 	912 	407 	722754 
	ESTAR 15 	912 	408 	722755 
	ESTAR 16 	912 	409 	722756 
	ESTAR 17 	912 	410 	722757 
	ESTAR 18 	912 	411 	722758 
	ESTAR 19 	912 	412 	722759 



	(iv) 	
      Property Leases



1.      Mining Lease by and between
Clark Powell and his Associates and Romarco Nevada, Inc., a Nevada corporation
(predecessor-in-interest to Newmont Midas Operations Inc.), dated October 30,
1995. The Mining Lease affects the following unpatented lode mining claims
situated in Sections 21 and 28, Township 39 North, Range 46 East, MDM, Elko
County, Nevada: 


	 	 	Recording Information 	  
	 	Claim Name 	Book 	Page 	BLM Serial Number 
	 	King Midas 	1095 	890 	105502 
	 	King Midas No. 2 	1095 	891 	105503 
	 	Dixie 	1095 	892 	105504 
	 	Dixie No. 1 	1095 	893 	105505 
	 	Dixie No. 2 	1095 	894 	105506 
	 	Dixie No. 3 	1095 	895 	105507 
	 	H-2 	1095 	896 	105509 



2.      Lease of Estar, Redar and
Laura Unpatented Lode Mining Claims and Sublease of Domenichelli Lease, dated
July 1, 2000, by and between Frazer Creek Exploration Company, Inc., a Nevada
corporation, and Franco-Nevada Mining Corporation, Inc., a Nevada corporation
(predecessor-in-interest to Newmont Midas Operations Inc.), recorded as a
memorandum as Document No. 467521 in Book 1, Pages 5290-5317 in the Official
Records of the Elko County Recorder’s Office, Elko County, Nevada, on February
28, 2001. The Lease affects unpatented lode mining claims and agreements
pertaining to lands situated in Sections 12 and 13, Township 39 North, Range 46
East, and in Sections 7, 18 and 19, Township 39 North, Range 47 East, MDM, Elko
County, Nevada. 

40 





3.      Mining Lease dated August 1,
1990, by and between William and Rose Domenichelli, John Kenneth Domenichelli,
William Melvin Domenichelli, Barbara Jean Rameriz and Ruth Ann Williams, as
lessors, and Frazer Creek Exploration Company, Inc. a Nevada corporation, as
lessee, recorded in short form version as Document No. 297863 in Book 735 at
Pages 508-514 of the Official Records of the Elko County Recorder’s Office, Elko
County, Nevada.

4.       Agreement Transferring
Property Interests and Terminating Mining Lease With Option to Joint Venture,
Quitclaim Deed and Grant of Royalty, dated August 11, 2000, by and between
Frazer Creek Exploration Company, Inc., and Nevada corporation and Homestake
Mining Company of California, a California corporation, recorded as Document No.
462327 in Book 0 at Pages 23222-23233 of the Official Records of the Elko County
Recorder’s Office, Elko County, Nevada, and on September 18, 2000. The terms of
which the Laura 6 and 20 unpatented lode mining claims are subject to a two
percent (2%) net smelter returns royalty and portions of the REDAR 3, 4 and 5,
and ESTAR 1, 7, 8, 11, 18 and 19 unpatented lode mining claims are subject to a
one percent (1%) net smelter returns royalty. 

5.       Mining Lease and
Agreement dated April 18, 2005, by and between Transamerica Minerals Company, a
California corporation, as Owner (predecessor-in-interest to Oxy USA Inc.), and
Newmont USA Limited, a Delaware corporation, recorded as a memorandum as
Document No. 534181 in the Official Records of the Elko County Recorder’s
Office, Elko County, Nevada, and amended on December 21, 2006.

6.       Mining Sublease and
Option dated April 2, 2007, by and between Barrick Gold Exploration Inc. and
Newmont USA Limited, recorded as a memorandum as Document No. 571656 in the
Official Records of the Elko County Recorder’s Office, Elko County, Nevada, on
April 20, 2007.

7.       Land Lease Agreement
dated March 26, 2012 by and between Newmont Midas Operations Inc., a Nevada
corporation, as Lessor, and Southwestco Wireless LP, d/b/a Verizon Wireless, by
Southwestco Wireless Inc., its managing partner, as Lessee, recorded as a
memorandum as Document No. 654417 in the Official Records of the Elko County
Recorder’s Office, Elko County, Nevada, on April 19, 2012. 

Water Rights 

All Water Rights and Certificates issued from Nevada Division
of Water Resources have been issued to Newmont Midas Operations Inc.

Water Right Application number 60669 filed November 22, 1994,
Certificate 16675 granted July 12, 2006. 

Water Right Application number 61888 filed February 5, 1996,
Certificate 18308 granted October 20, 2011. 

Water Right Application number 62114 filed February 5, 1996,
Certificate 15681 granted January 30, 2001. 

Water Right Application number 62582 filed November 12, 1996,
Proof of Beneficial Use due May 9, 2014.

Water Right Application number 65219 filed June 18, 1999,
Certificate 18309 granted October 20, 2011. 

41 




Water Right Application number 65220 filed June 18, 1999,
Certificate 18310 granted October 20, 2011. 

Water Right Application number 65221 filed June 18, 1999,
Certificate 18311 granted October 20, 2011. 

Water Right Application number 68206 filed Nov 19, 2001,
Certificate 18312 granted October 20, 2011. 

Water Right Application number 75666 filed May 3, 2007, Proof
of Beneficial Use due December 28, 2013. 

Water Right Application number 76113 filed August 3, 2007,
Proof of Beneficial Use due October 24, 2013. 

Water Right Application number 76226 filed September 6, 2007,
Proof of Beneficial Use due October 30, 2013. 

Water Right Application number 76227 filed September 6, 2007,
Proof of Beneficial Use due October 30, 2013. 

Water Right Application number 76228 filed September 6, 2007,
Proof of Beneficial Use due October 30, 2013. 

Water Right Application number 79734E filed March 25, 2010,
Proof of Completion filed May 6, 2011. 

Water Right Application number 83248T; this is a temporary
permit that will expire on December 2, 2015. 

42 






43 




SCHEDULE B 

DESCRIPTION OF FIRE CREEK PROPERTY 

Title to Properties 

484 Unpatented Lode Mining Claims Owned by Klondex Gold &
Silver Mining Company 

Located in Sections 2, 10, 14, 16, 20, 22, 24, 26, 28, 30, 31,
32, 34 and 36, T30N R47E; and Section 36, T31N R47E; MDM, Lander County, Nevada


	BLM Serial # 	Claim Name &
      # 	 	Loc Date 	DOC; Book; Page 
	NMC429292 	WOOD TICK # 2 	 	7/18/1987 	144804;295;528 
	NMC429294 	WOOD TICK # 4 	 	7/18/1987 	144806;295;530 
	NMC429296 	WOOD TICK # 6 	 	7/18/1987 	144808;295;532 
	NMC429298 	WOOD TICK # 8 	 	7/18/1987 	144810;295;534 
	NMC429300 	WOOD TICK # 10 	 	7/18/1987 	144812;295;536 
	NMC429302 	WOOD TICK # 12 	 	7/18/1987 	144814;295;538 
	NMC429304 	WOOD TICK # 14 	 	7/18/1987 	144816;295;540 
	NMC429306 	WOOD TICK # 16 	 	7/18/1987 	144818;295;542 
	NMC429308 	WOOD TICK # 18 	 	7/18/1987 	144820;295;544 
	NMC429310 	WOOD TICK # 20 	 	7/18/1987 	144822;295;546 
	NMC429312 	WOOD TICK # 22 	 	7/18/1987 	144824;295;548 
	NMC429314 	WOOD TICK # 24 	 	7/19/1987 	144826;295;550 
	NMC429316 	WOOD TICK # 26 	 	7/19/1987 	144828;295;552 
	NMC429318 	WOOD TICK # 28 	 	7/18/1987 	144830;295;554 
	NMC429320 	WOOD TICK # 30 	 	7/18/1987 	144832;295;556 
	NMC429322 	WOOD TICK # 32 	 	7/19/1987 	144834;295;558 
	NMC429324 	WOOD TICK # 34 	 	7/19/1987 	144836;295;560 
	NMC429326 	WOOD TICK # 36 	 	7/19/1987 	144838;295;562 
	NMC429328 	WOOD TICK # 38 	 	7/21/1987 	144840;295;564 
	NMC429330 	WOOD TICK # 40 	 	7/21/1987 	144842;295;566 
	NMC429332 	WOOD TICK # 42 	 	7/21/1987 	144844;295;568 
	NMC429334 	WOOD TICK # 44 	 	7/21/1987 	144846;295;570 
	NMC429336 	WOOD TICK # 46 	 	7/21/1987 	144848;295;572 
	NMC429338 	WOOD TICK # 48 	 	7/21/1987 	144850;295;574 
	NMC429340 	WOOD TICK # 50 	 	7/21/1987 	144852;295;576 
	NMC429342 	WOOD TICK # 52 	 	7/21/1987 	144854;295;578 
	  	 	 	  	  
	NMC588642 	G 1 	 	1/23/1990 	163499 
	NMC588643 	G 2 	 	1/23/1990 	163500 
	NMC588644 	G 3 	 	1/23/1990 	163501 
	NMC588645 	G 4 	 	1/23/1990 	163502 
	NMC588646 	G 5 	 	1/23/1990 	163503 
	NMC588647 	G 6 	 	1/23/1990 	163504 
	NMC588648 	G 7 	 	1/23/1990 	163505 
	NMC588649 	G 8 	 	1/23/1990 	163506 
	NMC588650 	G 9 	 	1/23/1990 	163507 
	NMC588651 	G 10 	 	1/23/1990 	163508 
	NMC588652 	G 11 	 	1/23/1990 	163509 


1 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC588653 	G 12 	 	1/23/1990 	163510 
	NMC588654 	G 13 	 	1/23/1990 	163511 
	NMC588655 	G 14 	 	1/23/1990 	163512 
	NMC588656 	G 15 	 	1/23/1990 	163513 
	NMC588657 	G 16 	 	1/23/1990 	163514 
	  	 	 	  	  
	NMC636760 	DEB # 2 	 	12/13/1991 	171442;403/94 
	NMC636762 	DEB # 4 	 	12/13/1991 	171444;403/94 
	  	 	 	  	  
	NMC642589 	REVENGE 2 	 	12/16/1991 	172707 
	NMC642591 	REVENGE 4 	 	12/17/1991 	172709 
	NMC642593 	REVENGE 6 	 	12/17/1991 	172711 
	NMC642595 	REVENGE 8 	 	1/26/1992 	172713 
	NMC642597 	REVENGE 10 	 	12/18/1991 	172715 
	NMC642599 	REVENGE 12 	 	12/18/1991 	172717 
	NMC642601 	REVENGE 14 	 	12/18/1991 	172719 
	NMC642603 	REVENGE 16 	 	2/6/1992 	172721 
	NMC642605 	REVENGE 18 	 	2/6/1992 	172723 
	NMC642607 	REVENGE 20 	 	12/16/1991 	172725 
	NMC642609 	REVENGE 22 	 	1/9/1992 	172727 
	NMC642611 	REVENGE 24 	 	2/13/1992 	172729 
	NMC642613 	REVENGE 26 	 	2/13/1992 	172731 
	NMC642615 	REVENGE 28 	 	1/26/1992 	172733 
	  	 	 	  	  
	NMC654400 	K 1 	 	6/25/1992 	176394 
	NMC654401 	K 2 	 	6/25/1992 	176395 
	NMC654402 	K 3 	 	6/25/1992 	176396 
	NMC654403 	K 4 	 	6/25/1992 	176397 
	NMC654404 	K 5 	 	6/25/1992 	176398 
	NMC654405 	K 6 	 	6/25/1992 	176399 
	NMC654406 	K 7 	 	6/25/1992 	176400 
	NMC654407 	K 8 	 	6/25/1992 	176401 
	NMC654408 	K 9 	 	6/25/1992 	176402 
	NMC654409 	K 10 	 	6/25/1992 	176403 
	NMC654410 	K 11 	 	6/25/1992 	176404 
	NMC654411 	K 12 	 	6/25/1992 	176405 
	NMC654412 	K 13 	 	6/25/1992 	176406 
	NMC654413 	K 14 	 	6/25/1992 	176407 
	NMC654414 	K 15 	 	6/25/1992 	176408 
	NMC654415 	K 16 	 	6/25/1992 	176409 
	NMC654416 	K 17 	 	6/25/1992 	176410 
	  	Amended 	 	8/17/1992 	177514 
	NMC654417 	K 18 	 	6/25/1992 	176411 
	  	Amended 	 	8/14/1992 	177515 
	NMC654418 	K 19 	 	6/25/1992 	176412 
	NMC654419 	K 20 	 	6/25/1992 	176413 
	  	Amended 	 	8/14/1992 	177516 
	NMC654420 	K 21 	 	6/26/1992 	176414 
	NMC654421 	K 22 	 	6/26/1992 	176415 


2 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	  	Amended 	 	8/17/1992 	177517 
	NMC654422 	K 23 	 	6/26/1992 	176416 
	NMC654423 	K 24 	 	6/26/1992 	176417 
	  	Amended 	 	8/17/1992 	177518 
	NMC654424 	K 25 	 	6/26/1992 	176418 
	  	Amended 	 	8/17/1992 	177519 
	NMC654425 	K 26 	 	6/26/1992 	176419 
	  	Amended 	 	8/17/1992 	177520 
	NMC654426 	K 27 	 	6/26/1992 	176420 
	  	Amended 	 	8/17/1992 	177521 
	  	 	 	  	  
	NMC677352 	ALAN 1 	 	2/15/1993 	183752;392;688 
	NMC677353 	ALAN 2 	 	2/15/1993 	183753 
	NMC677354 	ALAN 3 	 	2/15/1993 	183754 
	NMC677355 	ALAN 4 	 	2/15/1993 	183755 
	NMC677356 	ALAN 5 	 	2/15/1993 	183756 
	NMC677357 	ALAN 6 	 	2/15/1993 	183757 
	NMC677358 	ALAN 7 	 	2/15/1993 	183758 
	NMC677359 	ALAN 8 	 	2/15/1993 	183759 
	NMC677360 	ALAN 9 	 	2/15/1993 	183760 
	NMC677361 	ALAN 10 	 	2/15/1993 	183761 
	NMC677362 	ALAN 11 	 	2/15/1993 	183762 
	NMC677363 	ALAN 12 	 	2/15/1993 	183763 
	NMC677364 	ALAN 13 	 	2/15/1993 	183764 
	NMC677365 	ALAN 14 	 	2/15/1993 	183765;392;701 
	  	 	 	  	  
	NMC689348 	N 2 	 	11/17/1993 	187015;403;45 
	NMC689350 	N 4 	 	11/17/1993 	187017 
	NMC689352 	N 6 	 	11/17/1993 	187019 
	NMC689354 	N 8 	 	11/17/1993 	187021 
	NMC689356 	N 10 	 	11/17/1993 	187023 
	NMC689358 	N 12 	 	11/17/1993 	187025 
	NMC689360 	N 14 	 	11/17/1993 	187027 
	NMC689362 	N 16 	 	11/17/1993 	187029 
	NMC689364 	N 18 	 	11/17/1993 	187031 
	NMC689366 	N 20 	 	11/18/1993 	187033 
	NMC689368 	N 22 	 	11/18/1993 	187035 
	NMC689370 	N 24 	 	11/18/1993 	187037 
	NMC689372 	N 26 	 	11/18/1993 	187039 
	NMC689374 	N 28 	 	11/18/1993 	187041 
	NMC689376 	N 30 	 	11/18/1993 	187043;403;73 
	  	 	 	  	  
	NMC689380 	TL 2 	 	11/8/1993 	187048;403;78 
	NMC689382 	TL 4 	 	11/8/1993 	187050 
	NMC689384 	TL 6 	 	11/8/1993 	187052 
	NMC689386 	TL 8 	 	11/10/1993 	187054 
	NMC689388 	TL 10 	 	11/10/1993 	187056 
	NMC689390 	TL 12 	 	11/10/1993 	187058 
	NMC689392 	TL 14 	 	11/10/1993 	187060 


3 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC689394 	TL 16 	 	11/10/1993 	187062 
	NMC689396 	TL 18 	 	11/10/1993 	187064;40394 
	  	 	 	  	  
	NMC703411 	TL 20 	 	6/21/1994 	190187;409;652 
	NMC703413 	TL 22 	 	6/21/1994 	190189;409;654 
	NMC703415 	TL 24 	 	6/21/1994 	190191;409;656 
	NMC703417 	TL 26 	 	6/21/1994 	190193;409;658 
	  	 	 	  	  
	NMC725845 	FCRA 1 	 	9/28/1995 	195570;422;371 
	NMC725846 	FCRA 2 	 	9/28/1995 	195571;422;372 
	NMC725847 	FCRA 3 	 	9/28/1995 	195572;422;373 
	NMC725848 	FCRA 4 	 	9/28/1995 	195573;422;374 
	NMC725849 	FCRA 5 	 	9/28/1995 	195574;422;375 
	NMC725850 	FCRA 6 	 	9/28/1995 	195575;422;376 
	NMC725851 	FCRA 7 	 	9/28/1995 	195576;422;377 
	NMC725852 	FCRA 8 	 	9/28/1995 	195577;422;378 
	NMC725853 	FCRA 9 	 	9/28/1995 	195578;422;379 
	NMC725854 	FCRA 10 	 	9/28/1995 	195579;422;380 
	NMC725855 	FCRA 11 	 	9/28/1995 	195580;422;381 
	NMC725856 	FCRA 12 	 	9/28/1995 	195581;422;382 
	NMC725857 	FCRA 13 	 	9/28/1995 	195582;422;383 
	NMC725858 	FCRA 14 	 	9/28/1995 	195583;422;384 
	NMC725859 	FCRA 15 	 	9/28/1995 	195584;422;385 
	NMC725860 	FCRA 16 	 	9/28/1995 	195585;422;386 
	NMC725861 	FCRA 17 	 	9/28/1995 	195586;422;387 
	NMC725862 	FCRA 18 	 	9/28/1995 	195587;422;388 
	NMC725863 	FCRA 19 	 	9/28/1995 	195588;422;389 
	NMC725864 	FCRA 20 	 	9/28/1995 	195589;422;390 
	  	 	 	  	  
	NMC810915 	T 1 	 	10/13/1999 	213996;470;446 
	NMC810916 	T 2 	 	10/13/1999 	213997;470;447 
	NMC810917 	T 3 	 	10/13/1999 	213998;470;448 
	NMC810918 	T 4 	 	10/13/1999 	213999;470;449 
	NMC810919 	T 5 	 	10/13/1999 	214000;470;450 
	NMC810920 	T 6 	 	10/13/1999 	214001;470;451 
	NMC810921 	T 7 	 	10/13/1999 	214002;470;452 
	NMC810922 	T 8 	 	10/13/1999 	214003;470;453 
	NMC810923 	T 9 	 	10/13/1999 	214004;470;454 
	NMC810924 	T 10 	 	10/13/1999 	214005;470;455 
	  	 	 	  	  
	NMC858199 	T 11 	 	9/24/2003 	229498 
	NMC858200 	T 12 	 	9/24/2003 	229499 
	NMC858201 	T 13 	 	9/24/2003 	229500 
	NMC858202 	T 14 	 	9/24/2003 	229501 
	NMC858203 	T 15 	 	9/24/2003 	229502 
	NMC858204 	T 16 	 	9/24/2003 	229503 
	NMC858205 	T 17 	 	9/24/2003 	229504 
	NMC858206 	T 18 	 	9/24/2003 	229505 
	NMC858207 	T 19 	 	9/23/2003 	229506 


4 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC858208 	T 20 	 	9/23/2003 	229507 
	NMC858209 	T 21 	 	9/23/2003 	229508 
	NMC858210 	T 22 	 	9/23/2003 	229509 
	NMC858211 	T 23 	 	9/23/2003 	229510 
	NMC858212 	T 24 	 	9/23/2003 	229511 
	NMC858213 	T 25 	 	9/23/2003 	229512 
	NMC858214 	T 26 	 	9/23/2003 	229513 
	NMC858215 	T 27 	 	9/24/2003 	229514 
	NMC858216 	T 28 	 	9/24/2003 	229515 
	NMC858217 	T 29 	 	9/24/2003 	229516 
	NMC858218 	T 30 	 	9/24/2003 	229517 
	NMC858219 	T 31 	 	9/24/2003 	229518 
	NMC858220 	T 32 	 	9/24/2003 	229519 
	NMC858221 	T 33 	 	9/24/2003 	229520 
	NMC858222 	T 34 	 	9/24/2003 	229521 
	NMC858223 	T 35 	 	9/24/2003 	229522 
	NMC858224 	T 36 	 	9/24/2003 	229523 
	  	 	 	  	  
	NMC858225 	HONDO 1 	 	9/20/2003 	229421 
	NMC858226 	HONDO 3 	 	9/20/2003 	229422 
	NMC858227 	HONDO 5 	 	9/20/2003 	229423 
	NMC858228 	HONDO 7 	 	9/20/2003 	229424 
	NMC858229 	HONDO 9 	 	9/20/2003 	229425 
	NMC858230 	HONDO 11 	 	9/20/2003 	229426 
	NMC858231 	HONDO 13 	 	9/20/2003 	229427 
	NMC858232 	HONDO 15 	 	9/20/2003 	229428 
	NMC858233 	HONDO 18 	 	9/20/2003 	229429 
	NMC858234 	HONDO 20 	 	9/20/2003 	229430 
	NMC858235 	HONDO 22 	 	9/20/2003 	229431 
	NMC858236 	HONDO 24 	 	9/20/2003 	229432 
	NMC858237 	HONDO 26 	 	9/20/2003 	229433 
	NMC858238 	HONDO 28 	 	9/20/2003 	229434 
	NMC858239 	HONDO 30 	 	9/20/2003 	229435 
	NMC858240 	HONDO 32 	 	9/20/2003 	229436 
	NMC858241 	HONDO 157 	 	9/20/2003 	229437 
	NMC858242 	HONDO 158 	 	9/20/2003 	229438 
	  	 	 	  	  
	NMC858243 	DEB 1 	 	9/22/2003 	229477 
	NMC858244 	DEB 3 	 	9/22/2003 	229478 
	NMC858245 	DEB 5 	 	9/22/2003 	229479 
	  	 	 	  	  
	NMC858246 	REVENGE 1 	 	9/22/2003 	229480 
	NMC858247 	REVENGE 3 	 	9/23/2003 	229481 
	NMC858248 	REVENGE 5 	 	9/23/2003 	229482 
	NMC858249 	REVENGE 7 	 	9/23/2003 	229483 
	NMC858250 	REVENGE 9 	 	9/23/2003 	229484 
	NMC858251 	REVENGE 11 	 	9/22/2003 	229485 
	NMC858252 	REVENGE 13 	 	9/22/2003 	229486 
	NMC858253 	REVENGE 15 	 	9/22/2003 	229487 


5 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC858254 	REVENGE 17 	 	9/22/2003 	229488 
	NMC858255 	REVENGE 19 	 	9/22/2003 	229489 
	NMC858256 	REVENGE 21 	 	9/22/2003 	229490 
	NMC858257 	REVENGE 23 	 	9/22/2003 	229491 
	NMC858258 	REVENGE 25 	 	9/22/2003 	229492 
	NMC858259 	REVENGE 27 	 	9/22/2003 	229493 
	NMC858260 	REVENGE 29 	 	9/23/2003 	229494 
	NMC858261 	REVENGE 30 	 	9/23/2003 	229495 
	NMC858262 	REVENGE 31 	 	9/23/2003 	229496 
	  	 	 	  	  
	NMC858263 	FC 1 	 	9/21/2003 	229440 
	NMC858264 	FC 2 	 	9/21/2003 	229441 
	NMC858265 	FC 3 	 	9/21/2003 	229442 
	NMC858266 	FC 4 	 	9/21/2003 	229443 
	NMC858267 	FC 5 	 	9/21/2003 	229444 
	NMC858268 	FC 6 	 	9/21/2003 	229445 
	NMC858269 	FC 7 	 	9/21/2003 	229446 
	NMC858270 	FC 8 	 	9/21/2003 	229447 
	NMC858271 	FC 9 	 	9/21/2003 	229448 
	NMC858272 	FC 10 	 	9/21/2003 	229449 
	NMC858273 	FC 11 	 	9/21/2003 	229450 
	NMC858274 	FC 12 	 	9/21/2003 	229451 
	NMC858275 	FC 13 	 	9/21/2003 	229452 
	NMC858276 	FC 14 	 	9/21/2003 	229453 
	NMC858277 	FC 15 	 	9/21/2003 	229454 
	NMC858278 	FC 16 	 	9/21/2003 	229455 
	NMC858279 	FC 17 	 	9/21/2003 	229456 
	NMC858280 	FC 18 	 	9/21/2003 	229457 
	  	 	 	  	  
	NMC858281 	WHAT IF 29 	 	9/21/2003 	229458 
	NMC858282 	WHAT IF 30 	 	9/21/2003 	229459 
	NMC858283 	WHAT IF 31 	 	9/21/2003 	229460 
	NMC858284 	WHAT IF 32 	 	9/21/2003 	229461 
	NMC858285 	WHAT IF 33 	 	9/21/2003 	229462 
	NMC858286 	WHAT IF 34 	 	9/21/2003 	229463 
	NMC858287 	WHAT IF 35 	 	9/21/2003 	229464 
	NMC858288 	WHAT IF 36 	 	9/21/2003 	229465 
	NMC858289 	WHAT IF 37 	 	9/21/2003 	229466 
	  	 	 	  	  
	NMC858290 	FC 38 	 	9/21/2003 	229467 
	NMC858291 	FC 39 	 	9/21/2003 	229468 
	NMC858292 	FC 40 	 	9/21/2003 	229469 
	NMC858293 	FC 41 	 	9/21/2003 	229470 
	NMC858294 	FC 42 	 	9/21/2003 	229471 
	NMC858295 	FC 43 	 	9/21/2003 	229472 
	NMC858296 	FC 44 	 	9/21/2003 	229473 
	NMC858297 	FC 45 	 	9/21/2003 	229474 
	NMC858298 	FC 46 	 	9/21/2003 	229475 


6 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC858346 	T 38 	 	10/5/2003 	229833 
	NMC858347 	T 39 	 	10/5/2003 	229834 
	NMC858348 	T 40 	 	10/5/2003 	229835 
	NMC858349 	T 41 	 	10/5/2003 	229836 
	NMC858350 	T 42 	 	10/5/2003 	229837 
	NMC858351 	T 43 	 	10/5/2003 	229838 
	NMC858352 	T 44 	 	10/5/2003 	229839 
	NMC858353 	T 45 	 	10/5/2003 	229840 
	NMC858354 	T 46 	 	10/5/2003 	229841 
	NMC858355 	T 47 	 	10/5/2003 	229842 
	NMC858356 	T 48 	 	10/5/2003 	229843 
	NMC858357 	T 49 	 	10/5/2003 	229844 
	NMC858358 	T 50 	 	10/5/2003 	229845 
	NMC858359 	T 51 	 	10/5/2003 	229846 
	NMC858360 	T 52 	 	10/5/2003 	229847 
	NMC858361 	T 53 	 	10/5/2003 	229848 
	NMC858362 	T 54 	 	10/5/2003 	229849 
	NMC858363 	T 55 	 	10/5/2003 	229850 
	NMC858364 	T 56 	 	10/5/2003 	229851 
	NMC858365 	T 57 	 	10/5/2003 	229852 
	NMC858366 	T 58 	 	10/5/2003 	229853 
	NMC858367 	T 59 	 	10/5/2003 	229854 
	NMC858368 	T 60 	 	10/5/2003 	229855 
	NMC858369 	T 61 	 	10/6/2003 	229856 
	NMC858370 	T 62 	 	10/6/2003 	229857 
	NMC858371 	T 63 	 	10/6/2003 	229858 
	NMC858372 	T 64 	 	10/6/2003 	229859 
	NMC858373 	T 65 	 	10/6/2003 	229860 
	NMC858374 	T 66 	 	10/6/2003 	229861 
	NMC858375 	T 67 	 	10/6/2003 	229862 
	NMC858376 	T 68 	 	10/6/2003 	229863 
	NMC858377 	T 69 	 	10/6/2003 	229864 
	NMC858378 	T 70 	 	10/6/2003 	229865 
	NMC858379 	T 71 	 	10/6/2003 	229866 
	NMC858380 	T 72 	 	10/6/2003 	229867 
	  	 	 	  	  
	NMC883199 	FCXX 1 	 	11/24/2004 	234689 
	NMC883200 	FCXX 2 	 	11/24/2004 	234690 
	NMC883201 	FCXX 3 	 	11/24/2004 	234691 
	NMC883202 	FCXX 4 	 	11/24/2004 	234692 
	NMC883203 	FCXX 5 	 	11/24/2004 	234693 
	NMC883204 	FCXX 6 	 	11/24/2004 	234694 
	NMC883205 	FCXX 7 	 	11/24/2004 	234695 
	NMC883206 	FCXX 8 	 	11/24/2004 	234696 
	NMC883207 	FCXX 9 	 	11/24/2004 	234697 
	NMC883208 	FCXX 10 	 	11/24/2004 	234698 
	NMC883209 	FCXX 11 	 	11/24/2004 	234699 
	NMC883210 	FCXX 12 	 	11/24/2004 	234700 
	NMC883211 	FCXX 13 	 	11/24/2004 	234701 


7 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC883212 	FCXX 14 	 	11/24/2004 	234702 
	NMC883213 	FCXX 15 	 	11/24/2004 	234703 
	NMC883214 	FCXX 16 	 	11/24/2004 	234704 
	NMC883215 	FCXX 17 	 	11/24/2004 	234705 
	NMC883216 	FCXX 18 	 	11/24/2004 	234706 
	NMC883217 	FCXX 19 	 	11/24/2004 	234707 
	NMC883218 	FCXX 20 	 	11/24/2004 	234708 
	NMC883219 	FCXX 21 	 	11/24/2004 	234709 
	NMC883220 	FCXX 22 	 	11/24/2004 	234710 
	NMC883221 	FCXX 23 	 	11/24/2004 	234711 
	NMC883222 	FCXX 24 	 	11/24/2004 	234712 
	NMC883223 	FCXX 25 	 	11/24/2004 	234713 
	NMC883224 	FCXX 26 	 	11/24/2004 	234714 
	NMC883225 	FCXX 27 	 	11/24/2004 	234715 
	NMC883226 	FCXX 28 	 	11/24/2004 	234716 
	NMC883227 	FCXX 29 	 	11/24/2004 	234717 
	NMC883228 	FCXX 30 	 	11/24/2004 	234718 
	NMC883229 	FCXX 31 	 	11/24/2004 	234719 
	NMC883230 	FCXX 32 	 	11/24/2004 	234720 
	NMC883231 	FCXX 33 	 	11/24/2004 	234721 
	NMC883232 	FCXX 34 	 	11/24/2004 	234722 
	NMC883233 	FCXX 35 	 	11/24/2004 	234723 
	NMC883234 	FCXX 36 	 	11/24/2004 	234724 
	NMC883235 	FCXX 37 	 	11/24/2004 	234725 
	NMC883236 	FCXX 38 	 	11/24/2004 	234726 
	NMC883237 	FCXX 39 	 	11/24/2004 	234727 
	NMC883238 	FCXX 40 	 	11/24/2004 	234728 
	  	 	 	  	  
	NMC941456 	CH 1 	 	9/19/2006 	245941 
	NMC941457 	CH 2 	 	9/19/2006 	245942 
	NMC941458 	CH 3 	 	9/19/2006 	245943 
	NMC941459 	CH 4 	 	9/19/2006 	245944 
	NMC941460 	CH 5 	 	9/19/2006 	245945 
	NMC941461 	CH 6 	 	9/19/2006 	245946 
	NMC941462 	CH 7 	 	9/19/2006 	245947 
	NMC941463 	CH 8 	 	9/19/2006 	245948 
	NMC941464 	CH 9 	 	9/19/2006 	245949 
	NMC941465 	CH 10 	 	9/19/2006 	245950 
	NMC941466 	CH 11 	 	9/19/2006 	245951 
	NMC941467 	CH 12 	 	9/19/2006 	245952 
	NMC941468 	CH 13 	 	9/19/2006 	245953 
	NMC941469 	CH 14 	 	9/19/2006 	245954 
	NMC941470 	CH 15 	 	9/19/2006 	245955 
	NMC941471 	CH 16 	 	9/19/2006 	245956 
	NMC941472 	CH 17 	 	9/19/2006 	245957 
	NMC941473 	CH 18 	 	9/19/2006 	245958 
	  	 	 	  	  
	NMC941474 	HONDO 2 	 	10/4/2006 	245960 
	NMC941475 	HONDO 4 	 	10/4/2006 	245961 


8 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC941476 	HONDO 6 	 	10/4/2006 	245962 
	NMC941477 	HONDO 8 	 	10/4/2006 	245963 
	NMC941478 	HONDO 10 	 	10/4/2006 	245964 
	NMC941479 	HONDO 12 	 	10/4/2006 	245965 
	NMC941480 	HONDO 14 	 	10/4/2006 	245966 
	NMC941481 	HONDO 16 	 	10/4/2006 	245967 
	NMC941482 	HONDO 17 	 	10/4/2006 	245968 
	NMC941483 	HONDO 19 	 	10/4/2006 	245969 
	NMC941484 	HONDO 21 	 	10/4/2006 	245970 
	NMC941485 	HONDO 23 	 	10/4/2006 	245971 
	NMC941486 	HONDO 25 	 	10/4/2006 	245972 
	NMC941487 	HONDO 27 	 	10/4/2006 	245973 
	NMC941488 	HONDO 29 	 	10/4/2006 	245974 
	NMC941489 	HONDO 31 	 	10/4/2006 	245975 
	NMC941490 	HONDO 155 	 	10/4/2006 	245976 
	NMC941491 	HONDO 156 	 	10/4/2006 	245977 
	  	 	 	  	  
	NMC941492 	N 1 	 	9/11/2006 	245979 
	NMC941493 	N 3 	 	9/11/2006 	245980 
	NMC941494 	N 5 	 	9/12/2006 	245981 
	NMC941495 	N 7 	 	9/12/2006 	245982 
	NMC941496 	N 9 	 	9/12/2006 	245983 
	NMC941497 	N 11 	 	9/11/2006 	245984 
	NMC941498 	N 13 	 	9/11/2006 	245985 
	NMC941499 	N 15 	 	9/12/2006 	245986 
	NMC941500 	N 17 	 	9/12/2006 	245987 
	NMC941501 	N 19 	 	9/11/2006 	245988 
	NMC941502 	N 21 	 	9/11/2006 	245989 
	NMC941503 	N 23 	 	9/11/2006 	245990 
	NMC941504 	N 25 	 	9/11/2006 	245991 
	NMC941505 	N 27 	 	9/11/2006 	245992 
	NMC941506 	N 29 	 	9/12/2006 	245993 
	NMC941507 	N 31 	 	9/12/2006 	245994 
	  	 	 	  	  
	NMC941508 	TL 1 	 	9/13/2006 	245996 
	NMC941509 	TL 3 	 	9/13/2006 	245997 
	NMC941510 	TL 5 	 	9/13/2006 	245998 
	NMC941511 	TL 7 	 	9/13/2006 	245999 
	NMC941512 	TL 9 	 	9/13/2006 	246000 
	NMC941513 	TL 11 	 	9/13/2006 	246001 
	NMC941514 	TL 13 	 	9/13/2006 	246002 
	NMC941515 	TL 15 	 	9/13/2006 	246003 
	NMC941516 	TL 17 	 	9/13/2006 	246004 
	NMC941517 	TL 19 	 	9/14/2006 	246005 
	NMC941518 	TL 21 	 	9/14/2006 	246006 
	NMC941519 	TL 23 	 	9/14/2006 	246007 
	NMC941520 	TL 25 	 	9/14/2006 	246008 
	NMC941521 	TL 27 	 	9/14/2006 	246009 
	NMC941522 	TL 28 	 	9/14/2006 	246010 


9 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC941523 	TL 29 	 	9/14/2006 	246011 
	NMC941524 	TL 30 	 	9/14/2006 	246012 
	NMC941525 	TL 31 	 	9/14/2006 	246013 
	  	 	 	  	  
	NMC941526 	TWE 1 	 	10/10/2006 	246015 
	NMC941527 	TWE 2 	 	10/10/2006 	246016 
	NMC941528 	TWE 3 	 	10/10/2006 	246017 
	NMC941529 	TWE 4 	 	10/10/2006 	246018 
	NMC941530 	TWE 5 	 	10/10/2006 	246019 
	NMC941531 	TWE 6 	 	10/10/2006 	246020 
	NMC941532 	TWE 7 	 	10/10/2006 	246021 
	NMC941533 	TWE 8 	 	10/10/2006 	246022 
	NMC941534 	TWE 9 	 	10/10/2006 	246023 
	NMC941535 	TWE 10 	 	10/10/2006 	246024 
	NMC941536 	TWE 11 	 	10/10/2006 	246025 
	NMC941537 	TWE 12 	 	10/10/2006 	246026 
	NMC941538 	TWE 13 	 	10/10/2006 	246027 
	NMC941539 	TWE 14 	 	10/10/2006 	246028 
	NMC941540 	TWE 15 	 	10/10/2006 	246029 
	NMC941541 	TWE 16 	 	10/10/2006 	246030 
	NMC941542 	TWE 17 	 	10/10/2006 	246031 
	NMC941543 	TWE 18 	 	10/10/2006 	246032 
	NMC941544 	TWE 19 	 	9/20/2006 	246033 
	NMC941545 	TWE 20 	 	9/20/2006 	246034 
	NMC941546 	TWE 21 	 	9/20/2006 	246035 
	NMC941547 	TWE 22 	 	9/20/2006 	246036 
	NMC941548 	TWE 23 	 	9/20/2006 	246037 
	NMC941549 	TWE 24 	 	9/20/2006 	246038 
	NMC941550 	TWE 25 	 	9/20/2006 	246039 
	NMC941551 	TWE 26 	 	9/20/2006 	246040 
	NMC941552 	TWE 27 	 	9/20/2006 	246041 
	NMC941553 	TWE 28 	 	9/20/2006 	246042 
	NMC941554 	TWE 29 	 	9/20/2006 	246043 
	NMC941555 	TWE 30 	 	9/20/2006 	246044 
	NMC941556 	TWE 31 	 	9/20/2006 	246045 
	NMC941557 	TWE 32 	 	9/20/2006 	246046 
	NMC941558 	TWE 33 	 	9/20/2006 	246047 
	NMC941559 	TWE 34 	 	9/20/2006 	246048 
	NMC941560 	TWE 35 	 	9/20/2006 	246049 
	NMC941561 	TWE 36 	 	9/20/2006 	246050 
	  	 	 	  	  
	NMC941562 	WT 1 	 	10/31/2006 	246052 
	NMC941563 	WT 3 	 	10/31/2006 	246053 
	NMC941564 	WT 5 	 	10/31/2006 	246054 
	NMC941565 	WT 7 	 	10/31/2006 	246055 
	NMC941566 	WT 9 	 	10/31/2006 	246056 
	NMC941567 	WT 11 	 	10/31/2006 	246057 
	NMC941568 	WT 13 	 	10/31/2006 	246058 
	NMC941569 	WT 15 	 	10/31/2006 	246059 


10 





	BLM Serial # 	Claim Name & # 	 	Loc Date 	DOC; Book; Page 
	NMC941570 	WT 17 	 	10/31/2006 	246060 
	NMC941571 	WT 19 	 	11/7/2006 	246061 
	NMC941572 	WT 21 	 	11/7/2006 	246062 
	NMC941573 	WT 23 	 	11/7/2006 	246063 
	NMC941574 	WT 25 	 	11/7/2006 	246064 
	NMC941575 	WT 27 	 	11/7/2006 	246065 
	NMC941576 	WT 29 	 	10/31/2006 	246066 
	NMC941577 	WT 31 	 	10/31/2006 	246067 
	NMC941578 	WT 33 	 	10/31/2006 	246068 
	NMC941579 	WT 35 	 	10/31/2006 	246069 
	NMC941580 	WT 37 	 	11/1/2006 	246070 
	NMC941581 	WT 39 	 	11/1/2006 	246071 
	NMC941582 	WT 41 	 	11/1/2006 	246072 
	NMC941583 	WT 43 	 	11/112006 	246073 
	NMC941584 	WT 45 	 	11/1/2006 	246074 
	NMC941585 	WT 47 	 	11/1/2006 	246075 
	NMC941586 	WT 49 	 	11/1/2006 	246076 
	NMC941587 	WT 51 	 	11/1/2006 	246077 
	NMC941588 	WT 53 	 	11/1/2006 	246078 
	NMC941589 	WT 54 	 	11/1/2006 	246079 
	NMC941590 	WT 55 	 	11/1/2006 	246080 
	NMC941591 	WT 56 	 	11/8/2006 	246081 
	NMC941592 	WT 57 	 	11/8/2006 	246082 
	NMC941593 	WT 58 	 	11/8/2006 	246083 
	NMC941594 	WT 59 	 	11/8/2006 	246084 
	NMC941595 	WT 60 	 	11/8/2006 	246085 
	NMC941596 	WT 61 	 	11/8/2006 	246086 
	NMC941597 	WT 62 	 	11/8/2006 	246087 
	NMC941598 	WT 63 	 	11/8/2006 	246088 
	NMC941599 	WT 64 	 	11/8/2006 	246089 
	NMC941600 	WT 65 	 	11/8/2006 	246090 
	NMC941601 	WT 66 	 	11/8/2006 	246091 
	NMC941602 	WT 67 	 	11/8/2006 	246092 
	NMC941603 	WT 68 	 	11/8/2006 	246093 
	NMC941604 	WT 69 	 	11/8/2006 	246094 
	NMC941605 	WT 70 	 	11/8/2006 	246095 
	NMC941606 	WT 71 	 	11/8/2006 	246096 
	NMC941607 	WT 72 	 	11/8/2006 	246097 
	Total 484 Claims 	 	 	  	  


11 




Summary of Fire Creek Exploration Project Fee Holdings



	APN 	Legal Description 	Royalty 	Acres 
	Section 9 T30N R47E MDB&M 	 
    	  
	007-110-01 	NW1/4
    	N/A
    	160 
	007-110-13 	E1/2
      NE 1/4 NE1/4, SE1/4 NE1/4, SE1/4 SW1/4 NE1/4 	N/A
    	70 
	 
    	  	  	  
	Section 15 T30N R47E MDB&M 	 
    	  
	007-140-01 	N1/2
      NW1/4 	N/A
    	80 
	007-140-03 	SW1/4
      NW1/4 	N/A
    	40 
	007-140-05 	SW1/4
      NE1/4 	N/A
    	40 
	007-140-12 	SE1/4
      SW1/4 	N/A
    	40 
	007-140-14 	Lots 1
      & 2, also described as S1/2 SE1/4 	N/A
    	65.39 
	007-140-15 	SE1/4
      NE1/4 SW1/4 	N/A
    	10 
	007-140-19 	S1/2
      NW1/4 NE1/4 	N/A
    	20 
	007-140-20 	N1/2
      NW1/4 NE1/4 	N/A
    	20 
	007-140-21 	NW1/4
      NE1/4 SW1/4 	N/A
    	10 
	007-140-22 	NE1/4
      NE1/4 SW1/4 	N/A
    	10 
	007-140-23 	SW1/4
      NE1/4 SW1/4 	N/A
    	10 
	007-140-25 	NW1/4
      NE1/4 NE1/4 	N/A
    	10 
	 
    	  	  	  
	Section 23 T30N R47E MDB&M 	 
    	  
	007-160-06 	E1/2
      SE1/4 NE1/4 	N/A
    	20 
	007-160-08 	N1/2
      NE1/4 SE1/4 	N/A
    	20 
	007-160-09 	SE1/4
      NE1/4 SE1/4 	N/A
    	10 
	007-160-16 	N1/2
      SE1/4 NW1/4 	5%
      NSR 	20 
	007-160-17 	N1/2
      NW1/4 SW1/4 	N/A
    	20 
	007-160-18 	NW1/4
      NW1/4 	N/A
    	40 
	007-160-19 	NE1/4
      NW1/4 	N/A
    	40 
	007-160-20 	NE1/4
      SW1/4 NW1/4 	N/A
    	10 
	007-160-21 	S1/2
      SE1/4 NW1/4 	N/A
    	20 
	007-160-22 	NE1/4
      NE/1/4 SW1/4 	N/A
    	10 
	007-160-25 	W1/2
      SW1/4 NW1/4, NE1/4 SW1/4 NW1/4 	5%
      NSR 	30 
	007-160-26 	NW1/4
      NE1/4 SW1/4 	N/A
    	10 
	007-160-27 	NW1/4,
      SW1/4 SE1/4, SE1/4 NW1/4 SE1/4 	N/A
    	20 
	007-160-28 	SW1/4
      NE1/4 SE1/4 NW1/4 SE1/4 SE1/4 	N/A
    	20 
	 
    	  	  	  
	Section 21 T30N R47E MDB&M 	 
    	  
	007-610-01 	NW1/4
    	N/A
    	160 
	 
    	  	  	  
	Section 33 T30N R47E MDB&M 	 
    	  
	007-640-06 	S1/2
      NW1/4 	N/A
    	80 
	                 
                     29 	Fee
      Parcels 	 
    	1095.39 



12 




Summary of Fire Creek Exploration Project Leased Fee
Holdings 


	APN 	Description 	Lessor 	Royalty 	Expiration 	Acres 
	Section 15 T30N R47E MDB&M 	 
    	 
    	 
    	  
	007-140-04 	SE1/4
      NW1/4 	Third
      Party Lessor 	4%
      NSR 	(2)
    	40 
	007-140-06 	SE1/4
      NE1/4 	Third
      Party Lessor 	4%
      NSR 	(2)
    	40 
	007-140-10 	NE1/4
      SE1/4, E1/2 NW1/4 SE1/4 	Third
      Party Lessor 	2.5%
      NSR 	(2)
    	60 
	007-140-07 	N2NW4SW4 	Third
      Party Lessor 	3.0%
      NSR & 0.5% wheelage royalty(1) 	31-Jul-33 	20 
	007-140-09 	W2NW4SE4 	Third
      Party Lessor 	3.0%
      NSR & 0.5% wheelage royalty(1) 	31-Jul-33 	20 
	Section 19 T30N R47E MDB&M 	 
    	 
    	 
    	  
	007-160-04 	SW4NE4
    	Third
      Party Lessor 	3.0%
      NSR & 0.5% wheelage royalty(1) 	31-Jul-33 	40 
	007-160-24 	NE4NW4SE4 	Third
      Party Lessor 	3.0%
      NSR & 0.5% wheelage royalty(1) 	31-Jul-33 	10 
	Section 19 T30N R47E MDB&M 	 
    	 
    	 
    	  
	007-060-69 	Parcel
      1 of the Sharp Hospital Map recorded in the Office of the Lander County
      Recorder in Book 375, Official Records, Page 170 	Third
      Party Lessor 	3.0%
      NSR & 0.5% wheelage royalty(1) 	31-Jul-33 	9.28 
	8 	Leased
      Fee Parcels 	 
    	 
    	 
    	239.28 



Water Rights 

All Water Rights and Certificates issued from Nevada Division
of Water Resources have been issued to Klondex Gold & Silver Mining Company,
unless otherwise noted. 

Water Right Application number 74990-T filed November 2, 2006,
Corrected Application filed December 27, 2006; this is a temporary permit and
will revert back to 28637 on expiration. 

Water Right Application number 77002 filed April 30, 2008,
Approval of State Engineer granted November 16, 2009, Proof of Beneficial Use
due November 16, 2014.

Water Right Application number 28637 filed August 28, 1974,
Certificate 10558 granted January 28, 1983. This permit was issued to L. E.
Gilbert. 

Water Right Application number 77003 filed April 30, 2008,
Approval of State Engineer granted November 16, 2009, Proof of Beneficial Use
due November 16, 2014. 

Water Right Application number 75129 filed November 28, 2006
with a new priority date of September 17, 2009, Certificate 18863 granted
September 26, 2012. 

13 






14 






15 




SCHEDULE C 

OTHER PROPERTIES 

Reef Project, Churchill County, Nevada


8 Unpatented Lode Mining Claims Owned by Klondex Gold &
Silver Mining Company Located in Sections 24 and 25, T15N R34E, MDM, Churchill
County, Nevada: 


	BLM Serial # 	Claim Name # 	 	Loc Date 	County Doc 	Legal Desc MTRS 
	NMC361070 	REEF 1 	 	1/17/1986 	217903 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327888 	 
	NMC361071 	REEF 2 	 	1/17/1986 	217904 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327889 	 
	NMC361072 	REEF 3 	 	1/17/1986 	217905 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327890 	 
	NMC529603 	REEF 4 	 	09/01/1988 	240992 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327891 	 
	NMC694084 	REEF 5 	 	01/12/1994 	279925 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327892 	 
	NMC694085 	REEF 6 	 	01/12/1994 	279926 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327893 	 
	NMC694086 	REEF 7 	 	01/12/1994 	279927 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327894 	 
	NMC694087 	REEF 8 	 	01/12/1994 	279928 	21 0150N 0340E 024 
	  	amended 	 	2/14/2000 	327895 	 
	Total 8 Unpatented Lode Claims Reef
      Project 	  	 



Hot Springs Point Property, Eureka County, Nevada


81 Unpatented Lode Mining Claims Owned by Klondex Gold &
Silver Mining Company 

Located in Section 6, T29N R49E; and Sections 12 and 14, T29N
R48E, MDM, Eureka County, Nevada: 

	BLM Serial # 	Claim Name # 	 	Loc Date 	County Doc. 	Legal Desc MTRS 
	NMC689398 	HS 2 	 	10/23/1993 	149491 	21 0290N 0480E 012 
	NMC689400 	HS 4 	 	10/23/1993 	149493 	21 0290N 0480E 012 
	NMC689402 	HS 6 	 	10/23/1993 	149495 	21 0290N 0480E 012 
	NMC689404 	HS 8 	 	10/23/1993 	149497 	21 0290N 0480E 012 
	NMC689406 	HS 10 	 	10/23/1993 	149499 	21 0290N 0480E 012 
	NMC689408 	HS 12 	 	10/23/1993 	149501 	21 0290N 0480E 012 
	NMC689410 	HS 14 	 	10/23/1993 	149503 	21 0290N 0480E 012 
	NMC689412 	HS 16 	 	10/23/1993 	149505 	21 0290N 0480E 012 
	NMC689414 	HS 18 	 	10/23/1993 	149507 	21 0290N 0480E 012 
	NMC689416 	HS 20 	 	10/23/1993 	149509 	21 0290N 0480E 012 
	NMC689418 	HS 22 	 	10/23/1993 	149511 	21 0290N 0480E 012 


1 





	BLM Serial # 	Claim Name # 	 	Loc Date 	County Doc. 	Legal Desc MTRS 
	NMC689420 	HS 24 	 	10/23/1993 	149513 	21 0290N 0480E 012 
	NMC689422 	HS 26 	 	10/24/1993 	149515 	21 0290N 0490E 006 
	NMC689424 	HS 28 	 	10/24/1993 	149517 	21 0290N 0490E 006 
	NMC689426 	HS 30 	 	10/24/1993 	149519 	21 0290N 0490E 006 
	NMC689428 	HS 32 	 	10/24/1993 	149521 	21 0290N 0490E 006 
	NMC689430 	HS 34 	 	10/24/1993 	149523 	21 0290N 0490E 006 
	NMC689432 	HS 36 	 	10/24/1993 	149525 	21 0290N 0490E 006 
	NMC689434 	HS 38 	 	10/24/1993 	149527 	21 0290N 0490E 006 
	NMC689436 	HS 40 	 	10/24/1993 	149529 	21 0290N 0490E 006 
	NMC689438 	HS 42 	 	10/24/1993 	149531 	21 0290N 0490E 006 
	NMC689440 	HS 44 	 	10/24/1993 	149533 	21 0290N 0490E 006 
	NMC689442 	HS 46 	 	10/24/1993 	149535 	21 0290N 0490E 006 
	NMC689444 	HS 48 	 	10/28/1993 	149537 	21 0290N 0480E 014 
	NMC689446 	HS 50 	 	10/28/1993 	149539 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149767 	 
	NMC689448 	HS 52 	 	10/29/1993 	149541 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149769 	 
	NMC689450 	HS 54 	 	10/29/1993 	149543 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149771 	 
	NMC689452 	HS 56 	 	10/29/1993 	149545 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149773 	 
	NMC689454 	HS 58 	 	10/29/1993 	149547 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149775 	 
	NMC689456 	HS 60 	 	10/29/1993 	149549 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149777 	 
	NMC689458 	HS 62 	 	10/29/1993 	149551 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149779 	 
	NMC689460 	HS 64 	 	10/29/1993 	149553 	21 0290N 0480E 014 
	  	amended 	 	12/14/1993 	149781 	 
	NMC689462 	HS 66 	 	10/23/1993 	149555 	21 0290N 0480E 012 
	  	 	 	  	  	 
	NMC692193 	HS 68 	 	12/07/1993 	149958 	21 0290N 0480E 014 
	NMC692195 	HS 70 	 	12/07/1993 	149960 	21 0290N 0480E 014 
	NMC692197 	HS 72 	 	12/07/1993 	149962 	21 0290N 0480E 014 
	NMC692199 	HS 74 	 	12/07/1993 	149964 	21 0290N 0480E 014 
	NMC692201 	HS 76 	 	12/07/1993 	149966 	21 0290N 0480E 014 
	NMC692203 	HS 78 	 	12/07/1993 	149968 	21 0290N 0480E 014 
	NMC1015124 	HS 1 	 	09/03/2009 	214290 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214696 	 
	NMC1015125 	HS 3 	 	09/03/2009 	214289 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214697 	 
	NMC1015126 	HS 5 	 	09/03/2009 	214288 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214698 	 
	NMC1015127 	HS 7 	 	09/03/2009 	214287 	21 0290N 0480E 012 


2 





	BLM Serial # 	Claim Name # 	 	Loc Date 	County Doc. 	Legal Desc MTRS 
	  	amended 	 	11/18/2009 	214699 	 
	NMC1015128 	HS 9 	 	09/03/2009 	214286 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214700 	 
	NMC1015129 	HS 11 	 	09/03/2009 	214285 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214701 	 
	NMC1015130 	HS 13 	 	09/03/2009 	214284 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214702 	 
	NMC1015131 	HS 15 	 	09/03/2009 	214283 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214703 	 
	NMC1015132 	HS 17 	 	09/03/2009 	214282 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214704 	 
	NMC1015133 	HS 19 	 	09/03/2009 	214281 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214705 	 
	NMC1015134 	HS 21 	 	09/03/2009 	214280 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214706 	 
	NMC1015135 	HS 23 	 	09/03/2009 	214279 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214707 	 
	NMC1015136 	HS 25 	 	09/03/2009 	214278 	21 0290N 0480E 012 
	  	amended 	 	11/18/2009 	214708 	 
	NMC1015137 	HS 27 	 	09/03/2009 	214277 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214709 	 
	NMC1015138 	HS 29 	 	09/03/2009 	214276 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214710 	 
	NMC1015139 	HS 31 	 	09/03/2009 	214275 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214711 	 
	NMC1015140 	HS 33 	 	09/03/2009 	214274 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214712 	 
	NMC1015141 	HS 35 	 	09/03/2009 	214273 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214713 	 
	NMC1015142 	HS 37 	 	09/03/2009 	214272 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214714 	 
	NMC1015143 	HS 39 	 	09/03/2009 	214271 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214715 	 
	NMC1015144 	HS 41 	 	09/03/2009 	214270 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214716 	 
	NMC1015145 	HS 43 	 	09/03/2009 	214269 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214717 	 
	NMC1015146 	HS 45 	 	09/03/2009 	214268 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214718 	 
	NMC1015147 	HS 47 	 	09/03/2009 	214267 	21 0290N 0490E 006 
	  	amended 	 	11/18/2009 	214719 	 
	NMC1015148 	HS 49 	 	09/03/2009 	214248 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214720 	 
	NMC1015149 	HS 51 	 	09/03/2009 	214249 	21 0290N 0480E 014 


3 





	BLM Serial # 	Claim Name # 	 	Loc Date 	County Doc. 	Legal Desc MTRS 
	  	amended 	 	11/18/2009 	214721 	 
	NMC1015150 	HS 53 	 	09/03/2009 	214250 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214722 	 
	NMC1015151 	HS 55 	 	09/03/2009 	214251 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214723 	 
	NMC1015152 	HS 57 	 	09/03/2009 	214252 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214724 	 
	NMC1015153 	HS 59 	 	09/03/2009 	214253 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214725 	 
	NMC1015154 	HS 61 	 	09/03/2009 	214254 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214726 	 
	NMC1015155 	HS 63 	 	09/03/2009 	214255 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214727 	 
	NMC1015156 	HS 65 	 	09/03/2009 	214256 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214728 	 
	NMC1015157 	HS 67 	 	11/24/2009 	214257 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214729 	 
	NMC1015158 	HS 69 	 	11/24/2009 	214258 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214730 	 
	NMC1015159 	HS 71 	 	11/24/2009 	214259 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214731 	 
	NMC1015160 	HS 73 	 	11/24/2009 	214260 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214732 	 
	NMC1015161 	HS 75 	 	11/24/2009 	214261 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214733 	 
	NMC1015162 	HS 77 	 	11/24/2009 	214262 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214734 	 
	NMC1015163 	HS 79 	 	11/24/2009 	214263 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214735 	 
	NMC1015164 	HS 81 	 	11/24/2009 	214264 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214736 	 
	NMC1015165 	HS 83 	 	11/24/2009 	214265 	21 0290N 0480E 014 
	  	amended 	 	11/18/2009 	214737 	 
	Total 81 Claims Hot Springs Point
      Project 	 	  	  	 


Maggie Creek Project, Elko County, Nevada



48 Unpatented Lode Claims Owned by: 
Klondex Gold &
Silver Mining Company - 2/3 Apparent Interest; 
Minex Resources Inc - 1/3
Apparent Interest 
Located in Sections 8, 16, and 20, T34N R52E, MDM, Elko
County, Nevada: 


4 





	BLM Serial # 	Claim Name # 	Loc Date 	County Doc;Bk;Pg 	Legal Desc MTRS 
	NMC165759 	LOR # 51 	07/09/1980 	137310;328;539 	21 0340N 0520E 020 
	NMC165760 	LOR # 52 	07/09/1980 	137311;328;540 	21 0340N 0520E 020 
	NMC165763 	LOR # 55 	07/09/1980 	137314;328;543 	21 0340N 0520E 020 
	NMC165764 	LOR # 56 	07/09/1980 	137315;328;544 	21 0340N 0520E 020 
	NMC165767 	LOR # 59 	07/09/1980 	137318;328;547 	21 0340N 0520E 020 
	NMC165768 	LOR # 60 	07/09/1980 	137319;328;548 	21 0340N 0520E 020 
	NMC165771 	LOR # 63 	07/09/1980 	137322;328;551 	21 0340N 0520E 020 
	NMC165772 	LOR # 64 	07/09/1980 	137323;328;552 	21 0340N 0520E 020 
	NMC165775 	LOR # 67 	07/09/1980 	137326;328;555 	21 0340N 0520E 020 
	NMC165776 	LOR # 68 	07/10/1980 	137327;328;556 	21 0340N 0520E 020 
	NMC165778 	LOR # 70 	07/10/1980 	137329;328;558 	21 0340N 0520E 020 
	NMC165780 	LOR # 72 	07/09/1980 	137331;328;560 	21 0340N 0520E 020 
	NMC165782 	LOR # 74 	07/09/1980 	137333;328;562 	21 0340N 0520E 020 
	NMC165784 	LOR # 76 	07/09/1980 	137335;328;564 	21 0340N 0520E 020 
	NMC165786 	LOR # 78 	7/14/1980 	137337;328;566 	21 0340N 0520E 020 
	  	 	  	  	 
	NMC165788 	GH # 80 	7/14/1980 	137339;328;568 	21 0340N 0520E 016 
	NMC165790 	GH # 82 	7/14/1980 	137341;328;570 	21 0340N 0520E 016 
	NMC165792 	GH # 84 	7/15/1980 	137343;328;572 	21 0340N 0520E 016 
	NMC165794 	GH # 86 	7/15/1980 	137345;328;574 	21 0340N 0520E 016 
	NMC165796 	GH # 88 	7/16/1980 	137347;328;576 	21 0340N 0520E 016 
	NMC165798 	GH # 90 	7/15/1980 	137349;328;578 	21 0340N 0520E 016 
	NMC165800 	GH # 92 	7/15/1980 	137351;328;580 	21 0340N 0520E 016 
	NMC165802 	GH # 94 	7/15/1980 	137353;328;582 	21 0340N 0520E 016 
	NMC165804 	GH # 96 	7/16/1980 	137355;328;584 	21 0340N 0520E 016 
	NMC165806 	GH # 98 	7/16/1980 	137357;328;586 	21 0340N 0520E 016 
	NMC165808 	GH #100 	7/15/1980 	137359;328;588 	21 0340N 0520E 016 
	NMC165810 	GH #102 	07/08/1980 	137393;328;622 	21 0340N 0520E 016 
	NMC165812 	GH #104 	07/08/1980 	137395;328;624 	21 0340N 0520E 016 
	NMC165814 	GH #106 	07/08/1980 	137397;328;626 	21 0340N 0520E 016 
	NMC165816 	GH #108 	07/08/1980 	137399;328;628 	21 0340N 0520E 016 
	  	 	  	  	 
	NMC165818 	RG #110 	7/23/1980 	137360;328;589 	21 0340N 0520E 008 
	NMC165820 	RG #112 	7/23/1980 	137362;328;591 	21 0340N 0520E 008 
	NMC165822 	RG #114 	7/23/1980 	137364;328;593 	21 0340N 0520E 008 
	NMC165824 	RG #116 	7/23/1980 	137366;328;595 	21 0340N 0520E 008 
	NMC165828 	RG #120 	7/23/1980 	137369;328;598 	21 0340N 0520E 008 
	NMC165830 	RG #122 	7/23/1980 	137371;328;600 	21 0340N 0520E 008 
	NMC165832 	RG #124 	7/23/1980 	137373;328;602 	21 0340N 0520E 008 
	NMC165833 	RG #125 	7/23/1980 	137374;328;603 	21 0340N 0520E 008 
	NMC165836 	RG #128 	7/17/1980 	137376;328;605 	21 0340N 0520E 008 
	NMC165838 	RG #130 	7/17/1980 	137378;328;607 	21 0340N 0520E 008 
	NMC165840 	RG #132 	7/17/1980 	137380;328;609 	21 0340N 0520E 008 
	NMC165842 	RG #134 	7/17/1980 	137382;328;611 	21 0340N 0520E 008 


5 





	BLM Serial # 	Claim Name # 	Loc Date 	County Doc;Bk;Pg 	Legal Desc MTRS 
	NMC165845 	RG #138 	7/17/1980 	137385;328;614 	21 0340N 0520E 008 
	NMC165846 	RG #139 	7/17/1980 	137386;328;615 	21 0340N 0520E 008 
	NMC165847 	RG #140 	7/17/1980 	137387;328;616 	21 0340N 0520E 008 
	NMC165849 	RG #142 	7/17/1980 	137389;328;618 	21 0340N 0520E 008 
	NMC165850 	RG #143 	7/17/1980 	137390;328;619 	21 0340N 0520E 008 
	NMC165851 	RG #144 	7/17/1980 	137391;328;620 	21 0340N 0520E 008 
	Total 48 Claims Maggie Creek
      Project 	  	 


Other 


	APN 	Description 	Acres 
	002-038-03 	
      Lot 11, Block 22 of Crescent Valley Ranch & Farms
      Unit No. 1, as per map included in the Office of the County Recorder of
      Eureka County, Nevada, as File No. 134081; EXCEPTING THEREFROM all
      petroleum, oil, natural gas and products derived therefrom, within or
      underlying said land or that may be produced therefrom, and all rights
      thereto, as reserved by Southern Pacific Land Company in Deed to H.J.
      Buchanau and Elsa Buchenau, recorded September 24, 1951, in Book 24 at
      Page 168, Eureka County, Nevada 
	0.690 
	002-038-04 	
      Lot 10, Block 22 of Crescent Valley Ranch & Farms
      Unit No. 1, as per map included in the Office of the County Recorder of
      Eureka County, Nevada, as File No. 34081 on April 6, 1959 
	0.690 



6 







SCHEDULE D 

MONTHLY DELIVERY REQUIREMENTS 

This Schedule sets out, for each calendar month, the applicable
ounces of Refined Gold to be delivered to the Buyer on each Delivery Date
pursuant to Monthly Delivery Requirements. 


	 2014 	 	 2015 	 	2016 
	Month 	Ounces 	 	Month 	Ounces 	 	Month 	Ounces 
	January 	nil 	 	January 	625.0 	 	January 	666.7 
	February 	nil 	 	February 	625.0 	 	February 	666.7 
	March 	nil 	 	March 	625.0 	 	March 	666.7 
	April 	nil 	 	April 	625.0 	 	April 	666.7 
	May 	nil 	 	May 	625.0 	 	May 	666.7 
	June 	964.5 	 	June 	625.0 	 	June 	666.7 
	July 	964.5 	 	July 	625.0 	 	July 	666.7 
	August 	964.5 	 	August 	625.0 	 	August 	666.7 
	September 	964.5 	 	September 	625.0 	 	September 	666.7 
	October 	964.5 	 	October 	625.0 	 	October 	666.7 
	November 	964.5 	 	November 	625.0 	 	November 	666.7 
	December 	963.0 	 	December 	625.0 	 	December 	666.3 
	Total: 	6,750.0    	 	Total: 	7,500.0    	 	Total: 	8,000.0    
	  	  	 	  	  	 	  	  
	  	  	 	  	  	 	  	  
	  	  	 	  	  	 	  	  
	 2017 	 	 2018 	 	  	  
	Month 	Ounces 	 	Month 	Ounces 	 	  	  
	January 	666.7 	 	January 	666.7 	 	  	  
	February 	666.7 	 	February 	666.7 	 	  	  
	March 	666.7 	 	March 	666.7 	 	  	  
	April 	666.7 	 	April 	666.7 	 	  	  
	May 	666.7 	 	May 	666.7 	 	  	  
	June 	666.7 	 	June 	666.7 	 	  	  
	July 	666.7 	 	July 	666.7 	 	  	  
	August 	666.7 	 	August 	666.7 	 	  	  
	September 	666.7 	 	September 	666.7 	 	  	  
	October 	666.7 	 	October 	666.7 	 	  	  
	November 	666.7 	 	November 	666.7 	 	  	  
	December 	666.3 	 	December 	666.3 	 	  	  
	Total: 	8,000.0    	 	Total: 	8,000.0    	 	  	   








SCHEDULE E

CONDITIONS FOR PAYMENT OF PURCHASE PRICE

The Buyer’s obligation to pay the Purchase Price is subject to
the satisfaction of the following conditions (unless waived by the Buyer in
writing):

	1. 	
      Transaction Documents

	 	 
		
      An original, duly executed by each relevant party, of
      each of the Transaction Documents, as follows:




	 	(a) 	
      this Agreement;

	 	 	 
	 	(b) 	
      Intercreditor Agreement;

	 	 	 
	 	(c) 	
      Guarantee by each of the Seller Entities other than the
      Seller (which shall be an absolute, unconditional, unlimited and primary
      guarantee of the Delivery Obligations and other obligations of the Seller
      under this Agreement);

	 	 	 
	 	(d) 	
      General Security Agreement between the Buyer and each of
      the Seller Entities;

	 	 	 
	 	(e) 	
      Securities Pledge Agreement between the Buyer and each of
      the Seller Entities (as applicable) pledging all of its shares owned by it
      of the other Seller Entities in favour of the Buyer;

	 	 	 
	 	(f) 	
      Deeds of Trust between the Fire Creek Owner, as trustor,
      and Stewart Title Company, as trustee, in favour of the Buyer, as
      beneficiary in respect of the Fire Creek Property and Other
    Properties;

	 	 	 
	 	(g) 	
      Deed of Trust between the Midas Owner, as trustor, and
      Stewart Title Company, as trustee, in favour of the Buyer, as beneficiary
      in respect of the Midas Property;

	 	 	 
	 	(h) 	
      Blocked Account Agreement between the Buyer, as the
      secured party, the Seller, as the Debtor and Bank of Montreal;

	 	 	 
	 	(i) 	
      Blocked Account Agreement between the Buyer, as the
      secured party, the Seller, as the Debtor and Bank of Montreal:

	 	 	 
	 	(j) 	
      Deposit Account Control Agreement between the Buyer, as
      the secured party, the Seller, as the Debtor and Bank of America N.A.;
      and

	 	 	 
	 	(k) 	
      Deposit Account Control Agreement between the Buyer, as
      the secured party, the Seller, as the Debtor and Bank of America
    N.A.



(the documents referred to in
paragraphs (d) to (k) are collectively referred to as the “Security
Agreements”).





	2. 	
      Perfection of Security

	 	 
		
      Each of the relevant Seller Entities has completed to the
      satisfaction of the Buyer all perfection formalities for the Security,
      including:




	 	(a) 	
      all filings, stampings, registrations, recordings and
      notifications in connection with the Security Agreements; and

	 	 	 
	 	(b) 	
      the giving of notices of pledge, assignment or charge, as
      applicable in relation to the security created under the Security
      Agreements to each of the parties to the contractual arrangements and
      accounts which are the subject of the Security
  Agreements.




	3. 	
      Third Party Notices and Consents

	 	 
		
      The Seller Entities shall have obtained written consent
      from or provided written notice to, as applicable, the necessary parties
      and otherwise complied with the terms of the following agreements in
      connection with the completion of the transactions contemplated by the
      Transaction Documents:




	 	(a) 	
      Lease agreement effective July 1, 2000 by and between
      Fraser Creek Exploration Company, Inc. and Franco-Nevada Mining
      Corporation (third-party consent); and

	 	 	 
	 	(b) 	
      Amended and Restated Gold Supply Agreement between
      Klondex Gold & Silver Mining Company and Waterton Global Value, L.P.
      dated as of March 31, 2011, as amended and restated as of October 4, 2011
      (third party notice).




	4. 	
      Discharge of Encumbrances

	 	 
		
      The Seller has provided to the Buyer releases, discharges
      and postponements (in registrable form where appropriate) in respect of
      Encumbrances affecting any of the Properties which are not Permitted
      Encumbrances.

	 	 
	5. 	
      Development and Mine Plans

	 	 
		
      The Seller has provided to the Buyer a copy of the
      development plan or mine plan, as applicable, for the Midas Mine and the
      Fire Creek Project.

	 	 
	6. 	
      Legal Opinions

	 	 
		
      The Seller has provided to the Buyer favourable legal
      opinions and, in the case of fee lands, title insurance, in form,
      substance and detail satisfactory to the Buyer, pertaining to the Seller
      Entities’ title to the Properties and the validity and perfection of the
      Security.

	 	 
	7. 	
      Other Documents

	 	 
		
      Such other documents as the Buyer may reasonably
      request.










SCHEDULE F 

REPRESENTATIONS AND WARRANTIES OF THE BUYER

	1. 	
      Organization and Powers. The Buyer is duly
      organized, validly existing and in good standing under the laws of the
      jurisdiction of its incorporation, and has all requisite power and
      authority to execute and deliver, and perform its obligations under, the
      Transaction Documents to which it is a party.

	 	 	 
	2. 	
      Authorization; No Conflict. The execution and
      delivery by the Buyer of, the performance of its obligations under, and
      the consummation of the transactions contemplated by the Transaction
      Documents to which it is a party have been duly authorized by all
      necessary action of the Buyer, and do not and will not:

	 	 	 
		(a) 	
      violate the terms of its constating documents;
  or

	 	 	 
		(b) 	
      conflict with, result in a breach of, or constitute a
      default or an event creating rights of acceleration, termination,
      modification or cancellation or a loss of rights under (with or without
      the giving notice or lapse of time or both), any written or oral contract,
      agreement, license, concession, indenture, mortgage, debenture, note or
      other instrument to which it is a party, subject or otherwise bound
      (including with respect to its assets) except in each case as would not
      have a material adverse effect on its ability to perform its obligations
      under the Transaction Documents; or

	 	 	 
		(c) 	
      violate in any material respect any Applicable Law to
      which it is subject or otherwise bound (including with respect to its
      assets).

	 	 	 
	3. 	
      Execution; Binding Obligation. Each Transaction
      Document to which the Buyer is a party has been duly and validly executed
      and delivered by the Buyer. Each of the Transaction Documents to which the
      Buyer is a party constitutes, or when delivered under this Agreement will
      constitute, a legal, valid and binding obligation of the Buyer,
      enforceable against it in accordance with its terms, except to the extent
      enforcement may be affected by Applicable Laws and regulations relating to
      bankruptcy, reorganization, insolvency and creditors’ rights and by the
      availability of injunctive relief, specific performance and other
      equitable remedies.

	 	 	 
	4. 	
      Consents. The Buyer is not required to give any
      notice to, make any filing with or obtain any authorization, consent,
      Order or approval of any Person in connection with the execution and
      delivery of any Transaction Document or the consummation of the
      transactions contemplated herein and therein, except, in each case, as
      would not have a material adverse effect on its ability to perform its
      obligations under the Transaction Documents.







SCHEDULE G 

REPRESENTATIONS AND WARRANTIES OF THE SELLER 

No specific representation or warranty shall limit the
generality or applicability of a more general representation or warranty. The
representations and warranties of the Seller set out in this Schedule below are
made subject to and modified by the exceptions and qualifications (if any) noted
in the correspondingly numbered section of the Disclosure Schedule. No
disclosure in any particular section of the Disclosure Schedule (including the
listing of a document or item in any Disclosure Schedule or the inclusion of a
copy thereof in such Disclosure Schedule) shall be adequate to disclose an
exception or qualification to a representation or warranty in any other sections
of this Agreement or in any other section of the Disclosure Schedule unless the
applicability of such disclosure to the other representations and warranties is
clear and obvious on its face. Each section of the Disclosure Schedule shall be
numbered to correspond to the paragraph of this Schedule G to which such section
relates. 

	1. 	
      Organization and Powers. Each Klondex Entity
      is:

	 	 	 
		(a) 	
      duly organized, validly existing and in good standing
      under the laws of the jurisdiction of its incorporation, and has all
      requisite power and authority to execute and deliver, and perform its
      obligations under, the Transaction Documents to which it is a
  party;

	 	 	 
		(b) 	
      qualified or licensed to do business and is in good
      standing in each jurisdiction in which the nature of its business or the
      nature and location of its assets requires such qualification or licensing
      except where such failure to qualify or be licensed or in good standing
      would not have a Material Adverse Effect; and

	 	 	 
		(c) 	
      has all requisite power and authority to own and lease
      its assets and carry on its business.

	 	 	 
	2. 	
      Authorization; No Conflict. The execution and
      delivery by each Klondex Entity of, the performance of its obligations
      under, and the consummation of the transactions contemplated by the
      Transaction Documents to which it is a party have been duly authorized by
      all necessary corporate or other action of such Klondex Entity and do not
      and will not:

	 	 	 
		(a) 	
      violate the terms of the constating documents of such
      Klondex Entity;

	 	 	 
		(b) 	
      conflict with, result in a breach of, or constitute a
      default or an event creating rights of acceleration, termination,
      modification or cancellation or a loss of rights under (with or without
      the giving notice or lapse of time or both), any written or oral contract,
      agreement, license, concession, indenture, mortgage, debenture, note or
      other instrument to which such Klondex Entity is a party, subject or
      otherwise bound (including with respect to its assets) in each case except
      as would not have a Material Adverse Effect;

	 	 	 
		(c) 	
      violate in any material respect any Applicable Law to
      which such Klondex Entity is subject or otherwise bound (including with
      respect to its assets); or

	 	 	 
		(d) 	
      except as contemplated by this Agreement, result in, or
      require, the creation or imposition of any Encumbrance upon or with
      respect to any of the assets or properties of such Klondex
  Entity.







- 4 - 

	3. 	
      Solvency. Each Klondex Entity is Solvent and no
      Klondex Entity will be rendered Insolvent by the execution and delivery of
      any of the Transaction Documents to which such Klondex Entity is a
      party.

	 	 
	4. 	
      Execution; Binding Obligation. Each Transaction
      Document to which a Klondex Entity is a party has been duly and validly
      executed and delivered by such Klondex Entity. Each of the Transaction
      Documents to which each Klondex Entity is a party constitutes, or when
      delivered under or in connection with this Agreement will constitute,
      legal, valid and binding obligation of such Klondex Entity, enforceable
      against such Klondex Entity in accordance with its terms, except to the
      extent enforcement may be affected by Applicable Laws and regulations
      relating to bankruptcy, reorganization, insolvency and creditors’ rights
      and by the availability of injunctive relief, specific performance and
      other equitable remedies.

	 	 
	5. 	
      Consents. Except as set out in section 3 of
      Schedule E of this Agreement, no Klondex Entity is required to give any
      notice to, make any filing with or obtain any authorization, consent,
      Order or approval of any Person in connection with the execution, delivery
      or performance of its obligations under any Transaction Document or the
      consummation of the transactions contemplated herein and therein, except
      for recordings or filings in connection with the perfection of the
      Encumbrances on the Collateral in favor of the Buyer.

	 	 
	6. 	
      No Defaults. No event has occurred or circumstance
      exists that (with or without the giving of notice or lapse of time or
      both) has contravened, conflicted with or resulted in, or may contravene,
      conflict with or result in, a violation or breach of, or give any Klondex
      Entity or any other Person the right to declare a default or exercise any
      remedy under, or to accelerate the maturity or performance of, or to
      cancel, terminate or modify, any contract, lease, license, concession,
      Authorization, agreement, indenture, mortgage, debenture, note,
      instrument, or Order to which it is a party or by which it or its
      properties and assets may be bound, and, to the knowledge of the Seller,
      each other Person that is party thereto is in compliance in all material
      respects with the terms and requirements thereof, in each case, except as
      would not have a Material Adverse Effect.

	 	 
	7. 	
      Litigation. Except as set out in Schedule G.7 of
      the Disclosure Schedule, there are no material actions, suits,
      investigations, claims or proceedings pending or, to the best of the
      Seller’s knowledge, threatened in writing against or directly affecting
      any Klondex Entity by or before any Governmental Body.

	 	 
	8. 	
      Financial Statements; Projections. All annual and
      interim consolidated financial statements of the Seller filed on SEDAR
      since January 1, 2012 are complete and correct and fairly present, in all
      material respects, the financial condition and results of operations of
      the Klondex Entities as at the times and for the periods covered by such
      statements, in each case in accordance with GAAP, subject, in the case of
      any unaudited financial statements, to normal year-end adjustments and any
      absence of notes. All other consolidated or other financial statements of
      each Klondex Entity delivered to the Buyer are complete and correct and
      fairly present, in all material respects, the financial condition and
      results of operations of such Klondex Entity as at the times and for the
      periods covered by such statements, in each case in accordance with GAAP,
      subject, in the case of any unaudited financial statements, to normal
      year-end adjustments and any absence of notes. Since January 1, 2012,
      there has been no Material Adverse Effect. All financial projections and
      forecasts delivered to the Buyer represent the Seller’s reasonable
      estimates and assumptions as to future performance, which the Seller
      believes to be fair and reasonable as of the time made in the light of
      current and reasonably foreseeable business
conditions.







- 5 - 

	9. 	
      Liabilities. No Klondex Entity has any material
      liabilities or obligations of any nature whatsoever, whether direct or
      indirect, matured or unmatured, known or unknown, fixed, absolute,
      accrued, contingent or otherwise, that are not reflected in the
      consolidated financial statements referred to in the first sentence of
      Section 8 above or in the notes thereto, other than liabilities arising in
      the ordinary course of business since September 30, 2013.

	 	 
	10. 	
      Taxes. Except as disclosed in Schedule G. 10 of
      the Disclosure Schedule (i) each Klondex Entity has filed or caused to be
      filed on a timely basis all federal (United States or Canada), state,
      provincial and material local tax returns that were required to be filed
      by or with respect to it pursuant to Applicable Law, (ii) all tax returns
      filed by such Klondex Entity are complete and correct and comply with
      Applicable Law in all material respects, (iii) each Klondex Entity has
      paid, or made provisions for the payment of, all material Taxes that have
      been or could have become due for all periods covered by any tax return or
      otherwise, (iv) each Klondex Entity has withheld or collected and paid to
      the proper Governmental Body or other Person all material Taxes required
      to be withheld, collected or paid by it, (v) no claim has been made by any
      Governmental Body in a jurisdiction where any Klondex Entity does not file
      tax returns that such Klondex Entity is or could be subject to taxation by
      that jurisdiction, (vi) to the knowledge of the Seller, no tax return of
      any Klondex Entity is under audit by any Governmental Body, and (vii) no
      proceedings are pending or, to the knowledge of any Klondex Entity,
      threatened by or before any Governmental Body with respect to material
      Taxes of any Klondex Entity.

	 	 
	11. 	
      Insurance. The properties, assets and operations
      of each Klondex Entity are insured with reputable insurance companies (not
      Affiliates of any Klondex Entity), in such amounts, with such deductibles
      and covering such risks as is customarily carried by companies engaged in
      similar businesses and owning similar properties in the localities where
      such Klondex Entity operates.

	 	 
	12. 	
      Title to Collateral; Liens. Subject to Permitted
      Encumbrances and as set out in Schedule G.12 of the Disclosure Schedule,
      the Klondex Entities (i) have valid and subsisting leasehold title to all
      leases of real property included within the Fire Creek Property, and,
      following completion of the Acquisition, the Midas Property, or Collateral
      (including the Other Properties), (ii) have valid possessory and record
      title to all unpatented mining claims and millsite claims included within
      such Properties or Collateral (including the Other Properties), except for
      such claims that are leased to a Klondex Entity and are covered under part
      (i) of this paragraph, (iii) have good and marketable title to such other
      real property interests included within such Properties or Collateral
      (including the Other Properties) and not otherwise included under parts
      (i) and (ii) of this paragraph, and (iv) have good and valid title to or
      hold a valid leasehold interest in such properties and assets, which are
      not real property interests, and are included within the Collateral. There
      are no Encumbrances upon or with respect to any of the properties and
      assets included in such Properties or Collateral, except for Permitted
      Encumbrances. Without limiting the foregoing:




	 	(a) 	
      no Person other than the Klondex Entities has any rights
      to participate in or operate the Fire Creek Property and the Fire Creek
      Project, and, following completion of the Acquisition, the Midas Property
      and the Midas Mine;

	 	 	 
	 	(b) 	
      the Fire Creek Property and the Midas Property comprise
      all of the real property, mineral and surface interests held by the
      Klondex Entities in respect of the Fire Creek Project and, following
      completion of the Acquisition, the Midas Mine, respectively;

	 	 	 
	 	(c) 	
      the Fire Creek Property and, following completion of the
      Acquisition, the Midas Property constitute all real property, mineral,
      surface interests and ancillary rights necessary for,
as applicable, the construction, development and mining
      operations of the Fire Creek Project and the Midas Mine, respectively, as
      currently operated and substantially in accordance with the current or
  then applicable development or mine plan;







- 6 - 

	 	(d) 	
      except as set out in Schedule G.12 of the Disclosure
      Schedule, none of the Fire Creek Property or, following completion of the
      Acquisition, the Midas Property or any Minerals produced therefrom are
      subject to an option, right of first refusal or right, title, interest,
      reservation, claim, rent, royalty, or payment in the nature of rent or
      royalty, or right capable of becoming an agreement, option, right of first
      refusal or right, title, interest, reservation, claim, rent, royalty, or
      payment in the nature of rent or royalty;

	 	 	 
	 	(e) 	
      none of the Permitted Encumbrances would have a Material
      Adverse Effect or otherwise materially adversely affect the ability of any
      Klondex Entity to enjoy the anticipated benefits of the Fire Creek
      Property or, following completion of the Acquisition, the Midas Property;
      and

	 	 	 
	 	(f) 	
      the Other Properties comprise all of the real property,
      mineral and surface interests held by the Klondex Entities other than the
      Fire Creek Property and as disclosed in Schedule G.12 of the Disclosure
      Schedule and, following completion of the Acquisition, the Midas
      Property.





	13. 	
      Maintenance of Property. All mining claim
      maintenance fees, recording fees, Taxes and all other amounts have been
      paid when due and payable and all other actions and all other obligations
      as are required to maintain the Fire Creek Property, any other properties
      of the Klondex Entities and, following completion of the Acquisition, the
      Midas Property have been taken and complied with in all material
      respects.

	 	 
	14. 	
      Authorizations. The Klondex Entities have obtained
      or been issued all Authorizations (including environmental Authorizations
      and Utility Commitments) and Other Rights necessary for (i) the
      construction, development and mining operations of the Fire Creek Project,
      any other mineral project of the Klondex Entities and, following
      completion of the Acquisition, the Midas Mine, and (ii) the commencement
      and ongoing operation of commercial production transactions, other than,
      in each case, such Authorizations (including environmental Authorizations
      and Utility Commitments) and Other Rights (A) that are not necessary on
      the date this representation and warranty is made or deemed made for the
      conduct of development activities as such activities are currently being
      conducted, but that are expected to be obtained, in the ordinary course of
      business, by the time they are necessary for the conduct of development
      activities and the eventual commencement and ongoing commercial
      production, as applicable, or (B) the failure of which to be obtained
      would not be material to the development of the Fire Creek Project, any
      other mineral project of the Klondex Entities or, following completion of
      the Acquisition, the Midas Mine or the commencement and ongoing operation
      of commercial production (including commercial production transactions).
      There are no facts or circumstances that might reasonably be expected to
      adversely affect the issuance or obtaining of any such material
      Authorizations (including environmental Authorizations and Utility
      Commitments) or Other Rights.

	 	 
	15. 	
      Compliance with Applicable Laws. Each Klondex
      Entity, the Fire Creek Project, any other mineral project of the Klondex
      Entities and, following completion of the Acquisition, the Midas Mine, is
      and has been in compliance in all material respects with all Applicable
      Laws. Without limiting the generality of the foregoing, except as set out
      in Schedule G.15 of the Disclosure Schedule, each Klondex Entity, the Fire
      Creek Project, any other mineral project of the Klondex Entities and,
      following completion of the Acquisition, the Midas Mine, is and has been
      in compliance in all material respects with all applicable
      Environmental Laws, and there are no actions, suits, claims, notices of
      violation, hearings, investigations or proceedings pending or, to the best
      of the Seller’s knowledge, threatened against or affecting any Klondex
      Entity with respect to the ownership, use, maintenance and operation of
      the Fire Creek Project, any other mineral project of the Klondex Entities
      or, following completion of the Acquisition, the Midas Mine, or the
      property or assets of any Klondex Entity, relating to any applicable
      Environmental Laws, where any adverse determination with respect thereto
      or liability imposed therein could have a Material Adverse
Effect.







- 7 - 

	16. 	
      Subsidiaries; Other Ventures. Klondex BC Holdco is
      a direct, wholly-owned Subsidiary of Klondex, Klondex Holdings is a
      direct, wholly-owned Subsidiary of Klondex BC Holdco and the Fire Creek
      Owner is a direct, wholly-owned Subsidiary of Klondex Holdings, and,
      following completion of the Acquisition, Midas Holdings will be a direct,
      wholly-owned Subsidiary of Klondex Holdings and the Midas Owner will be a
      direct, wholly-owned Subsidiary of Midas Holdings. None of the Seller
      Entities has any other Subsidiaries or any other equity interest in any
      Person. No Seller Entity is engaged in any joint purchasing arrangement,
      joint venture, partnership or other joint enterprise with any other
      Person.

	 	 
	17. 	
      Certain Indebtedness. Schedule G.17 of the
      Disclosure Schedule identifies as of the date hereof all Indebtedness of
      each Klondex Entity.

	 	 
	18. 	
      Chief Executive Office and Other Locations. Each
      Klondex Entity’s chief executive office and principal place of business is
      set forth in Schedule G.18 of the Disclosure Schedule. Each Klondex
      Entity’s material Records are located at its chief executive office, and
      the only other offices and/or locations where it keeps the Collateral
      (except for inventory which is in transit) or conducts any of its business
      are set forth in Schedule G.18 of the Disclosure Schedule.

	 	 
	19. 	
      No Subordination. There is no agreement,
      indenture, contract or instrument to which any Klondex Entity is a party
      or by which it or any of its properties or assets may be bound that
      requires the subordination in right of payment of any of the obligations
      of the Klondex Entity under the Transaction Documents to any other
      obligation of it.

	 	 
	20. 	
      Labour Matters. There is no strike, lock-out or
      other work stoppage or labour dispute occurring or, to the knowledge of
      the Seller, threatened that would have a Material Adverse
Effect.

	 	 
	21. 	
      Employee Benefit Plans. Except as set forth in
      Schedule G.21 of the Disclosure Schedule, no Klondex Entity nor any of
      their respective Affiliates sponsors, maintains or contributes to, or at
      any time during the last six years has sponsored, maintained or
      contributed to (or been obligated to sponsor, maintain or contribute to)
      any Employee Benefit Plan (as defined below) that is (or was) subject to
      the laws of the United States of America. Each Employee Benefit Plan
      mandated by a Governmental Body (other than the United States of America
      or a constituent state thereof) or subject to the laws of a jurisdiction
      outside of the United States of America (“Foreign Company Plan”)
      that is intended to qualify for special tax treatment meets all of the
      requirements for such treatment and has obtained all necessary approvals
      of all relevant Governmental Bodies. No Foreign Company Plan has any
      unfunded liabilities, determined in accordance with GAAP, that have not
      been fully accrued on the Seller’s financial statements or that will not
      be fully offset by insurance. All Foreign Company Plans are registered
      where required by, and are in good standing under, all Applicable Laws.
      For purposes of this Section 21, “Employee Benefit Plan” means any
      employee benefit plan, program, policy or arrangement sponsored,
      maintained or contributed to by a Klondex Entity or any of their
      respective Affiliates or with respect to which the Seller, any Klondex Entity
      or any of their respective Affiliates has any liability or
    obligation.








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	22. 	
      Intellectual Property. Each Klondex Entity owns,
      licenses or otherwise has the right to use all material licenses,
      Authorizations, patents, patent applications, trademarks, trademark
      applications, service marks, trade names, copyrights, copyright
      applications, franchises, authorizations and other intellectual property
      rights that are necessary for the operation of its business, without
      infringement upon or conflict with the rights of any other Person with
      respect thereto. No slogan or other advertising device, product, process,
      method, substance, part or other material now employed, or now
      contemplated to be employed, by any Klondex Entity infringes upon or
      conflicts with any rights owned by any other Person. No claim or
      litigation regarding any of the foregoing is pending or, to its knowledge,
      threatened.

	 	 
	23. 	
      Mineral Reserves and Resources. The most recent
      estimated measured, indicated and inferred mineral resources and proven
      and probable mineral reserves, if any, and technical reports disclosed in
      the Seller Securities Documents (as defined below) for the Fire Creek
      Project, any other mineral project of the Klondex Entities and, following
      completion of the Acquisition, the Midas Mine, have been prepared and
      disclosed in accordance with accepted mining industry practices and in
      accordance with the requirements prescribed by National Instrument 43-101
      and the companion policy thereto (as in effect on the date of publication
      of the relevant report or information); the Seller has no knowledge that
      the mineral resources or mineral reserves (or any other material aspect of
      any technical reports) as disclosed in the Seller Securities Documents are
      inaccurate in any material respect; there are no outstanding unresolved
      comments of any securities commission or other securities regulatory
      authority in each province and territory of Canada in which the Seller is
      a reporting issuer (the “Securities Regulatory Authorities”) in
      respect of the technical disclosure made in the Seller Securities
      Documents; and, to the knowledge of the Seller, there has been no material
      reduction in the aggregate amount of estimated mineral resources and
      reserves, if any, of the Klondex Entities, from the amounts last disclosed
      publicly by the Seller in the Seller Securities Documents.

	 	 
	24. 	
      Regulatory Compliance. The Seller has filed, on a
      timely basis, all required reports, schedules, financial statements,
      forms, registrations, certifications and other documents together with any
      amendments required to be made with respect thereto with the Securities
      Regulatory Authorities and the TSX since January 1, 2012 (together with
      the exhibits and other information incorporated therein, the “Seller
      Securities Documents”) with the TSX and the Securities Regulatory
      Authorities and paid all fees and assessments due and payable in
      connection therewith; as of their respective dates of filing (or, if
      amended or superseded by a filing prior to the date hereof, as of the date
      of such filing), the Seller Securities Documents complied in all material
      respects with the requirements of Applicable Laws and none of the Seller
      Securities Documents contained any untrue statement of a material fact or
      omits any material fact required to be stated therein or necessary to make
      the statements made therein, in the light of the circumstances under which
      they are made, not misleading; the Seller has not filed any confidential
      material change reports which continue to be confidential.

	 	 
	25. 	
      Brokers and Finders. No Klondex Entity has
      employed any broker or finder or incurred any liability for any brokerage
      fee, commission, finders’ fee or any other similar payment in connection
      with the transactions contemplated by this Agreement that could give rise
      to any claim against the Buyer for brokerage fees, commissions, finders’
      fees or any other similar payments.

	 	 
	26. 	
      Disclosure. All information relating to the
      business, assets, liabilities, properties or financial condition of the
      Seller Entities provided to the Buyer or any of its representatives or
      advisors, or








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	26. 	Disclosure. All information relating to the
      business, assets, liabilities, properties or financial condition of the
      Seller Entities provided to the Buyer or any of its representatives or
      advisors, or made available to the Buyer or any its representatives or advisors, is true, accurate and complete in all material respects.