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| British Columbia                                                                 | N/A                                       |
|----------------------------------------------------------------------------------|-------------------------------------------|
| (State or Other Jurisdiction ofIncorporation or Organization)                    | (I.R.S. EmployerIdentification No.)       |
|                                                                             |                                      |
| 789 West Pender Street, Suite 720Vancouver, British Columbia, Canada             | V6C 1H2                                   |
| (Address of Principal Executive Offices)                                         | (Zip Code)                                |
|                                                                             |                                      |
| (604) 669-6227(Registrant’s Telephone Number, Including Area Code)         |
|                                                                             |                                      |
| Securities registered pursuant to Section 12(b) of the Act:                 |
|                                                                             |                                      |
| Title of Each Class                                                              | Name of Each Exchange on Which Registered |
|                                                                             |                                      |   |
| Common Shares, no par value                                                      | NYSE MKT                                  |
|                                                                             |                                      |
| Securities registered pursuant to Section 12(g) of the Act:  None |
|                                                                             |                                      |

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| Large accelerated filer o | Accelerated filer x | Non-accelerated filer  o(Do not check if a smaller reporting company) | Smaller reporting company o |
|---------------------------|---------------------|----------------------------------------------------------------------------|-----------------------------|
|                      |                |                                                                       |                        |

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|                   |                                                                                                   | Page    |
|------------------------|--------------------------------------------------------------------------------------------------------|---------|
|                   |                                                                                                   |    |
|  Explanatory Note |  4                                                                                                |
|                   |                                                                                                   |    |
|  PART III         |  5                                                                                                |
|                   |                                                                                                   |    |
|                   | Item 10.Directors, Executive Officers and Corporate Governance                                         |  5 |
|                   | Item 11.Executive Compensation                                                                         | 19      |
|                   | Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 44      |
|                   | Item 13. Certain Relationships and Related Transactions, and Director Independence                     | 46      |
|                   | Item 14. Principal Accountant Fees and Services                                                        | 47      |
|                   |                                                                                                   |    |
|  PART IV          | 49                                                                                                     |
|                   |                                                                                                   |
|                   | Item 15. Exhibits and Financial Statement Schedules                                                    | 49      |
|                   |                                                                                                   |    |

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| Name and Municipality of Residence               | Position and Office Held                                          | Director/OfficerSince            | Age |
|--------------------------------------------------|-------------------------------------------------------------------|----------------------------------|-----|
| Sharon Dowdall(2)(3)Ontario, Canada              | Director                                                          | April 16, 2012                   | 61  |
| Dr. Marc Faber(5)Chiang Mai, Thailand            | Director                                                          | July 5, 2010                     | 68  |
| Dr. Thomas Kaplan(1)New York, USA                | Chairman                                                          | November 15, 2011                | 51  |
| Gregory Lang(4)(6)Utah, USA                      | President and CEO / Director                                      | April 16, 2012 / January 9, 2012 | 59  |
| Gillyeard Leathley(4)British Columbia, Canada    | Director                                                          | November 15, 2011                | 76  |
| Igor Levental(5)(6)Colorado, USA                 | Director                                                          | July 5, 2010                     | 58  |
| Kalidas Madhavpeddi(2)(3)Arizona, USA            | Director                                                          | July 31, 2007                    | 58  |
| Gerald McConnell(3)(5)(6)Nova Scotia, Canada     | Lead Director                                                     | 1984                             | 69  |
| Clynton Nauman(2)(4)Washington, USA              | Director                                                          | 1999                             | 65  |
| Rick Van Nieuwenhuyse(6)British Columbia, Canada | Director                                                          | 1999                             | 58  |
| Anthony Walsh(2)(5)British Columbia, Canada      | Director                                                          | March 19, 2012                   | 62  |
| David DeisleyUtah, USA                           | Executive Vice President, General Counsel and Corporate Secretary | November 1, 2012                 | 57  |
| David OttewellUtah, USA                          | Vice President and CFO                                            | November 13, 2012                | 53  |

| (1) Chairman of the Board. (2) Member of the Audit Committee.(3) Member of the Compensation Committee.(4) Member of the EHSS and Technical Committee.(5) Member of the Corporate Governance and Nominations Committee.(6) Member of the Corporate Communications Committee. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Sharon Dowdall                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Ms. Dowdall, a Director of the Company, has a 30-year career in the mining industry. Ms. Dowdall served in senior legal capacities for Franco-Nevada Corporation (“Franco-Nevada”), a major gold-focused royalty company, and Newmont Mining Company, one of the world’s largest gold producers. During her 20-year tenure with Franco-Nevada, Ms. Dowdall served in various capacities, including Chief Legal Officer and Corporate Secretary and Vice President, Special Projects.  Ms. Dowdall was one of the principals who transformed Franco-Nevada from an industry pioneer into one of the most successful precious metals enterprises in the world. Prior to joining Franco-Nevada, she practiced law as a partner with Smith Lyons in Toronto, a major Canadian legal firm specializing in natural resources. Ms. Dowdall is the recipient of the 2011 Canadian General Counsel Award for Business Achievement. She currently serves on the boards of several Canadian exploration and development companies. Ms. Dowdall holds an Honours B.A. in Economics from the University of Calgary and an LLB, from Osgoode Hall Law School at York University.  The Board has determined that Ms. Dowdall should serve as a Director due to her significant experience: 1) as a natural resources lawyer, 2) moving a precious-metals mining company from the development stage to the successful producer stage, and 3) working in a senior executive position at large international mining company. Ms. Dowdall joined the Board on April 16, 2012. During the past five years, Ms. Dowdall was employed with Franco-Nevada as Chief Legal Officer and Corporate Secretary (December 2007-May 2010), and as Vice President, Special Projects (May 2010-December 2011).  She currently consults for Franco-Nevada.  During the last five years Ms. Dowdall has served, and continues to serve, on the boards of Olivut Resources Ltd and Foran Resources Ltd. Areas of expertise include: legal, corporate governance, finance, investment, valuation, securities, human resources, corporate strategy, corporate leadership and mining industry.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Overall Attendance 100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardAudit(1)Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 6/63/36/6 | Nil | 6,021 | 50,000 | 30% |

| (1) | Ms. Dowdall joined the Audit Committee March 1, 2013. |
|-----|-------------------------------------------------------|

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| Dr. Marc Faber                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Dr. Faber, a Director of the Company, has over 35 years of experience in the finance industry and is the Managing Director of Marc Faber Ltd., an investment advisory and fund management firm. He is an advisor to a number of private investment funds and serves as a director of Ivanplats Limited and Sprott Inc. Dr. Faber publishes a widely read monthly investment newsletter entitled The Gloom, Boom & Doom Report and is the author of several books including Tomorrow’s Gold – Asia’s Age of Discovery. A renowned commentator on global market trends and developments, he is also a regular contributor to several leading financial publications around the world, including Barron’s, where he is a member of the Barron’s Roundtable. Dr. Faber received his PhD in Economics magna cum laude from the University of Zurich.  The Board has determined that Dr. Faber should serve as a Director for the Company to benefit from his vast knowledge of economics, global market trends, precious metals and commodities in general. Dr. Faber’s principal occupation over the last five years is Managing Director of Marc Faber Ltd.  During the last five years, Dr. Faber has served, and continues to serve, on the boards of Ivanplats Limited and Sprott Inc. Areas of expertise include: global economics and market dynamics, finance and mining industry.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Overall Attendance 100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardCorporate Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 6/64/4 | Nil | 9,359 | 50,000 | 46% |

| Dr. Thomas Kaplan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Dr. Kaplan is Chairman of the Board of the Company as well as NovaCopper Inc.  He is also Chairman and Chief Investment Officer of The Electrum Group LLC, a privately-held global natural resources investment management company which manages the portfolio of Electrum, the single largest Shareholder of the Company.  Dr. Kaplan is an entrepreneur and investor with a track record of both creating and unlocking Shareholder value in public and private companies.  Most recently, Dr. Kaplan served as Chairman of Leor Exploration & Production LLC, a natural gas exploration and development company founded by Dr. Kaplan in 2003.  In 2007, Leor’s natural gas assets were sold to EnCana Oil & Gas USA Inc., a subsidiary of Encana Corporation, for $2.55 billion.  Dr. Kaplan holds Bachelors, Masters and Doctoral Degrees in History from Oxford University.  The Board has determined that Dr. Kaplan should serve as the Director and Chairman to gain from his experience as a developer of and investor in mining and oil and gas companies, as well as his significant beneficial ownership in the Company. Dr. Kaplan’s principal occupation during the last five years has been Chairman and Chief Investment Officer of The Electrum Group LLC.  During the last five years Dr. Kaplan has served, and continues to serve, on the board of NovaCopper Inc. Areas of expertise include:  finance, mergers and acquisitions, mining industry.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Overall Attendance83% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Common Shares# | DSUs# | TotalC$ | % Met |
| Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 5/6(2) | Nil(3) | 14,444 | 50,000 | 71% |

| (2) | Dr. Kaplan missed the August 1, 2013 Board Meeting to attend a funeral. |
|-----|-------------------------------------------------------------------------|

| (3) | See description of Electrum’s holdings and Dr. Kaplan’s relationship with Electrum under “Voting Shares and Principal Holders Thereof.” |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Gregory Lang                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Lang is President and Chief Executive Officer of the Company. Mr. Lang has over 35 years of diverse experience in mine operations, project development and evaluations, including time as President of Barrick Gold North America, a wholly-owned subsidiary of Barrick Gold Corporation (“Barrick”). Mr. Lang has held progressively responsible operating and project development positions over his 10-year tenure with Barrick and, prior to that, with Homestake Mining Company and International Corona Corporation, both of which are now part of Barrick. He holds a Bachelor of Science in Mining Engineering from University of Missouri-Rolla and is a Graduate of the Stanford University Executive Program.  The Board has determined that Mr. Lang should continue to serve as a Director to gain his insight as an experienced mine engineer, as well as his expertise in permitting, developing and operating large-scale assets, and as a successful senior executive of other large gold-mining companies. Mr. Lang joined the Board on April 16, 2012. During the last five years, Mr. Lang served as the President of Barrick until December 2011, and has served as the Company’s President and Chief Executive Officer since January 2012. Mr. Lang has served, and continues to serve, as a director of NovaCopper Inc. and Sunward Resources during the last five years. Areas of expertise include: mining operations, mine development and evaluation and corporate leadership.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Overall Attendance 100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Common Shares# | DSUs# | PSUs#  | Total$ | % Met |
| BoardEHSS & TechnicalCorporate Communications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 6/64/42/2 | 138,444 | Nil | 560,000 | $1,800,000 | 18%(4) |

| (4) | Mr. Lang has met 18% of his share ownership requirements as President and Chief Executive Officer as of November 30, 2013.  See “Executive Share Ownership” for details on the share ownership guidelines applicable to Mr. Lang.  PSUs are not included in determining whether a NEO meets the Share Ownership Guidelines. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Gillyeard Leathley                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Leathley joined the Company in January 2010 and served as Senior Vice President and Chief Operating Officer of the Company from November 2010 to November 2012.  In February 2013, Mr. Leathley was named Chief Operating Officer of Sunward Resources Ltd.  Mr. Leathley was instrumental in advancing the Company's Donlin Gold and Galore Creek projects. He trained as a mine surveyor and industrial engineer with the Scottish National Coal Board, working in coal, bauxite, gold and copper mines. Mr. Leathley has over 25 years of experience overseeing the development of several major operating mines.  Additionally, Mr. Leathley has over 55 years of experience working in the mining industry worldwide in positions of increasing responsibility ranging from Engineer to Chief Operating Officer.  The Board has determined that Mr. Leathley should serve as a Director to benefit from his substantial international mine engineering experience and from his knowledge of the Company and its projects related to his previous employment as a Company executive. Mr. Leathley’s principal occupations during the last five years have been Advisor to the CEO of the Company (consultant from April 2009-January 2010, employee from January 2010-November 2010), Senior Vice President and Chief Operating Officer of the Company (November 2010-November 2012), and Chief Operating Officer of Sunward Resources (February 2013-present). During the last five years, Mr. Leathley has served, and continues to serve, as a director of the following companies:  Mawson Resources, Tasman Resources, Lariat Resources and Sunward Resources Limited.  Mr. Leathley also served as a director of Golden Peak Resources from October 2001 until February 2012. Areas of expertise include: mining operations.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Overall Attendance89% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardEHSS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 6/6   2/3(5) | 84,167 | 8,321 | 50,000 | 100% |

| (5) | Mr. Leathley joined the EHSS Committee on March 1, 2013.  Mr. Leathley missed the November 18, 2013 EHSS meeting due to illness. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

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| Igor Levental                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Levental, a Director of the Company, is President of The Electrum Group, a privately-held global natural resources investment management company.  Affiliates of The Electrum Group are currently the largest Shareholders of the Company.  Mr. Levental is a director of Gabriel Resources Ltd., which is engaged in the development of major precious metals deposits in Romania; he is also a director of NovaCopper Inc., a TSX and NYSE Market-listed company involved in the exploration and development of major copper-dominant deposits in Alaska, and Sunward Resources Ltd., a TSX-listed company engaged in the exploration and development of a large porphyry gold-copper project in Colombia.  With more than 30 years of experience across a broad cross-section of the international mining industry, Mr. Levental has held senior positions with major mining companies including Homestake Mining Company and International Corona Corporation.  Mr. Levental is a Professional Engineer with a BSc in Chemical Engineering and an MBA from the University of Alberta.  The Board has determined that Mr. Levental should serve as a Director for the Company to benefit from his 30-plus years of experience as a chemical engineer and executive of large mining companies. Mr. Levental’s primary occupation during the last five years has been President of The Electrum Group.  During the last five years, Mr. Levental has served, and continues to serve, as a director of Gabriel Resources Limited, Sunward Resources Limited and NovaCopper Inc. Areas of expertise include: corporate development, finance, mergers and acquisitions, corporate governance and mining industry.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Overall Attendance 100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardCorporate GovernanceCorporate Communications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 6/64/42/2 | 1,000 | 16,082 | 50,000 | 84% |

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| Kalidas Madhavpeddi                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Madhavpeddi, a Director of the Company, has over 30 years of international experience in business development, corporate strategy, global mergers and acquisitions, exploration, government relations, marketing, trading and sales, and mining engineering and capital. He is President of Azteca Consulting LLC, an advisory firm to the metals and mining sector.  He is also Overseas CEO of China Molybdenum Co. Ltd.  His extensive career in the mining industry spans over 30 years including Phelps Dodge Corporation (“Phelps Dodge”) from 1980 to 2006, starting as a Systems Engineer and ultimately becoming Senior Vice President for Phelps Dodge, a Fortune 500 company, responsible for the company’s global business development, acquisitions and divestments, including joint ventures, as well as its global exploration programs.  He was contemporaneously President of Phelps Dodge Wire and Cable, a copper and aluminum cable manufacturer with international operations in over ten countries, including Brazil and China.  Mr. Madhavpeddi is an alumnus of the Indian Institute of Technology, Madras, India; the University of Iowa and the Harvard Business School.  The Board has determined that Mr. Madhavpeddi should serve as a Director to benefit from his long-term experience in the mining industry working as an executive in global corporate development, exploration, mergers and acquisitions, joint ventures and finance. Mr. Madhavpeddi has served as the President of Azteca Consulting LLC and the Overseas CEO of China Molybdenum Co. Ltd. as his principal occupations during the last five years.  Mr. Madhavpeddi has been a director of Namibia Rare Earths since 2010, a director of Capstone Mining since 2012 and a director of NovaCopper Inc. since 2012. Areas of expertise include: corporate strategy, mergers and acquisitions, mining operations and capital, marketing and sales.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Overall Attendance100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardAuditCompensationCorporate GovernanceEHSS & Technical                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 6/6   4/4   6/6   3/3(6)1/1(7) | 6,066 | 10,870 | 50,000 | 100% |

| (6) | Mr. Madhavpeddi was no longer a member of the Corporate Governance & Nominations Committee effective August 1, 2013. |
|-----|--------------------------------------------------------------------------------------------------------------------------|

| (7) | Mr. Madhavpeddi was no longer a member of the EHSS and Technical Committee effective March 1, 2013. |
|-----|-----------------------------------------------------------------------------------------------------|

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| Gerald McConnell, Q.C.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. McConnell, a Director of the Company, has over 25 years of experience in the resource sector.  Mr. McConnell is a director and the Chief Executive Officer of Namibia Rare Earths Inc., a public Canadian company focused on the development of rare earth opportunities in Namibia.  From 1990 to 2010, he was President and Chief Executive Officer, as well as a director, of Etruscan Resources Inc., a West African junior gold producer.  From December 1984 to January 1998, Mr. McConnell was the President of the Company and from January 1998 to May 1999 he was the Chairman and Chief Executive Officer of the Company. Mr. McConnell is a graduate of Dalhousie Law School and was called to the bar of Nova Scotia in 1971 and received his Queen’s Counsel designation in 1986.  The Board has determined that Mr. McConnell should serve as a Director as he was one of the original founders of the Company and has remained involved with the Company in some capacity ever since, and because of his wide experience working in legal and executive positions at a variety of mining companies. Mr. McConnell’s principal occupations over the last five years have been President and CEO of Etruscan Resources Inc. (1990-2010) and CEO of Namibia Rare Earths Inc. (2010-present).  Mr. McConnell served as a director of Etruscan Resources Inc. from 1990 to 2010, and has been a director of Namibia Rare Earths and NovaCopper Inc. since 2010 and 2012, respectively. Areas of expertise include: legal, compensation, operations, mining industry, senior officer and board governance.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Overall Attendance89% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardCompensationCorporate GovernanceCorporate Communications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 5/66/64/41/2 | 33,882 | 19,568 | 50,000 | 100% |

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| Clynton Nauman                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Nauman, a Director of the Company, is the Chief Executive Officer of Alexco Resource Corp. and Asset Liability Management Group ULC, and was formerly President of Viceroy Gold Corporation and Viceroy Minerals Corporation and a director of Viceroy Resource Corporation, positions he held from February 1998 until February 2003. Previously, Mr. Nauman was the General Manager of Kennecott Minerals from 1993 to 1998. Mr. Nauman has 25 years of diversified experience in the mining industry ranging from exploration and business development to operations and business management in the precious metals, base metals and coal sectors.  The Board has determined that Mr. Nauman should serve as a Director to gain from his significant experience as a senior mining executive working in the areas of environment, engineering and operations. Mr. Nauman’s principal occupation for the last five years has been CEO of Alexco Resource Corp. and of Asset Liability Management Group ULC.  Mr. Nauman has served as a director of Alexco Resource Corp. since 2006 and has served as a director of NovaCopper Inc. since 2011. Areas of expertise include: environmental, geology, exploration, operations, mining industry and senior officer.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Overall Attendance100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardAuditEHSS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 6/6   1/1(8)4/4   | 129,443 | 10,870 | 50,000 | 100% |

| (8) | Mr. Nauman joined the Audit Committee effective August 1, 2013. |
|-----|-----------------------------------------------------------------|

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| Rick Van Nieuwenhuyse                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Van Nieuwenhuyse joined the Company as President and Chief Operating Officer in January 1998 and was appointed as Chief Executive Officer in May 1999. He resigned as President and Chief Executive Officer of the Company in January of 2012 in order to assume his current role of President and Chief Executive Officer of NovaCopper Inc. Mr. Van Nieuwenhuyse has more than 30 years of experience in the natural resource sector including as Vice President of Exploration for Placer Dome Inc. In addition to his international exploration perspective, Mr. Van Nieuwenhuyse brings years of working experience in and knowledge of Alaska to the Company. Mr. Van Nieuwenhuyse has managed projects from grassroots discovery through to advanced feasibility studies, production and mine closure. Mr. Van Nieuwenhuyse holds a Candidature degree in Science from the Université de Louvain, Belgium, and a Masters of Science degree in geology from the University of Arizona.  The Board has determined that Mr. Van Nieuwenhuyse should serve as a Director to benefit from his experience as a geologist, his extensive knowledge of the Company, its projects and its history as the former President and Chief Executive Officer of the Company, due to his extensive experience in discovering, exploring, and developing large mining projects, and due to his significant experience in Alaska. Mr. Van Nieuwenhuyse served as a director of Mantra Capital until April 2011, and currently serves as a director of NovaCopper Inc., Alexco Resource Corp., Tintina Resources and AsiaBaseMetals. Areas of experience include: exploration, geology, resource and reserve assessment, feasibility studies, government relations, mining industry, senior officer and board governance.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Overall Attendance 100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardCorporate Communications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 6/62/2 | 699,993 | 6,021 | 50,000 | 100% |

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| Anthony Walsh, CA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Walsh has over 20 years of international experience in the field of exploration, mining and development and was the President and CEO of Sabina Gold & Silver Corp. (“Sabina”) (2008-2011). Prior to joining Sabina, Mr. Walsh was President and CEO of Miramar Mining Corporation (1999-2007), Vice-President and CFO of Miramar Mining Corporation (1995-1999), the Senior Vice-President and CFO of a computer leasing company (1993-1995) and the CFO and Senior Vice-President, Finance of International Corona Mines Ltd., a major North American gold producer (1989-1992). From 1985 to 1989 he was Vice-President, Finance of International Corona Mines Ltd., and from 1973 to 1985 Mr. Walsh held various positions at Deloitte, Haskins & Sells, a firm of Chartered Accountants.  Mr. Walsh graduated from Queen's University (Canada) in 1973 and became a member of The Canadian Institute of Chartered Accountants in 1976.  Mr. Walsh joined the Board on March 19, 2012.  The Board has determined that Mr. Walsh should serve as a Director to benefit from his experience as a senior executive in a variety of global mining companies and international accounting firms.  Mr. Walsh lends the Board his expertise in finance, international accounting and corporate governance. Mr. Walsh has been retired since 2011, but currently serves as a director of the following companies:  Sabina, Avala Resources Ltd., TMX Group Inc., Dundee Precious Metals Ltd. and Quaterra Resources Ltd.  Mr. Walsh previously served on the board of Stolnoway Diamonds Limited (September 2004 - November 2012) and on the board of Dunav Resources Limited (July 2010 - March 2013). Areas of expertise include: corporate development, finance, accounting, mergers and acquisitions, corporate governance, corporate regulation, and mining industry.  |
| Board / Committee Membership                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Overall Attendance 100% | Securities Held | Share Ownership Guidelines |
| Regular Meeting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Common Shares# | DSUs# | TotalC$ | % Met |
| BoardAuditCorporate Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 6/6   4/4   1/1(9) | Nil | 6,021 | 50,000 | 30% |

| (9) | Mr. Walsh joined the Corporate Governance and Nominations Committee effective August 1, 2013. |
|-----|-----------------------------------------------------------------------------------------------|

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| David Deisley                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Deisley joined the Company November 1, 2012 as Executive Vice President, General Counsel and Corporate Secretary, responsible for all aspects of the Company’s legal governance and corporate affairs.  With over 25 years of experience in the mining industry in the Americas, Mr. Deisley has an extensive track record in project permitting, corporate social responsibility, mergers and acquisitions and corporate development. Prior to joining the Company, Mr. Deisley served in positions of increasing responsibility with Goldcorp Inc. from September 2007 to October 2012.  At the time he resigned from Goldcorp Inc., Mr. Deisley held the position of Executive Vice President, Corporate Affairs and General Counsel for Goldcorp Inc. Prior to his tenure at Goldcorp Inc., Mr. Deisley served in several progressively responsible capacities with Barrick Gold Corporation, including Regional General Counsel for Barrick Gold North America.  Mr. Deisley received his Juris Doctor from the University of Utah S.J. Quinney College of Law, and his Bachelor of Arts from Brown University. Areas of expertise include: sustainability and corporate social responsibility, environmental permitting and compliance, corporate development, corporate and project financing, mergers and acquisitions, corporate governance, corporate regulation, and mining industry.  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Securities Held | Share Ownership Guidelines |
| Common Shares#                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | PSUs# | Total$ | % Met |
| 111,752                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 280,000 | 850,000 | 31% |

| David Ottewell                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Mr. Ottewell joined the Company on November 13, 2012, as its Vice President and Chief Financial Officer.  In this role, Mr. Ottewell is responsible for all aspects of the Company’s financial management.  Mr. Ottewell is a highly accomplished financial executive, with over 25 years of mining industry experience. Prior to joining the Company, he served as Vice President and Controller for Newmont Mining Corporation where he was employed since 2005, and prior to that, had a 16-year career with Echo Bay Mines Ltd., a prominent precious metals mining company with multiple operations in the Americas. Mr. Ottewell holds a Bachelor of Commerce degree from the University of Alberta and is a member of the Canadian Institute of Chartered Accountants. Areas of expertise include:  global accounting and finance, corporate disclosure and financial regulation, and mining industry.  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Securities Held | Share Ownership Guidelines |
| Common Shares#                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | PSUs# | Total$ | % Met |
| 49,314                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 200,000 | 650,000 | 18% |

----

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|   | · | Request that Directors or officers determine their training and education needs; |
|--------|--------|----------------------------------------------------------------------------------|

|   | · | Arrange visits to the Company’s projects or operations; |
|--------|--------|---------------------------------------------------------------|

|   | · | Arrange funding for the attendance at seminars or conferences of interest and relevance to their position; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------|

|   | · | Encourage participation or facilitate presentations by members of management or outside experts on matters of particular importance or emerging significance. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Educational Programs                                                                     | Date           | Audience                                      |
|------------------------------------------------------------------------------------------|----------------|-----------------------------------------------|
| Considerations for determining Directors’ status as independent or non-independent | April 2013     | Corporate Governance andNominations Committee |
| Compensation strategies                                                                  | August 2013    | Compensation Committee                        |
| Executive and Director’s Compensation Update                                       | September 2013 | Compensation Committee                        |
| U.S. GAAP Reporting Standards Update                                                     | October 2013   | Audit Committee                               |
| U.S. Domestic Filer Matters-Section 16-SEC Industry  Guide 7                   | November 2013  | Board of Directors                            |

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|   | · | Mr. Gregory Lang, President and CEO (“CEO”); |
|--------|--------|----------------------------------------------------------|

|   | · | Mr. David Deisley, Executive Vice President, General Counsel and Corporate Secretary (“EVP”); and |
|--------|--------|---------------------------------------------------------------------------------------------------------------|

|   | · | Mr. David Ottewell, Vice President and CFO (“CFO”). |
|--------|--------|-----------------------------------------------------------------|

|   | · | CEO, CFO, and EVP: |
|--------|--------|--------------------|

|   | · | incentivize executives to achieve important corporate and personal performance objectives and reward them when such objectives are met; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | · | recruit and subsequently retain highly qualified executive officers by offering overall compensation that is competitive with that offered for comparable positions at Peer Group companies (as defined in the “Peer Group” section below); and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | align the interests of executive officers with the long-term interests of Shareholders through participation in the Company’s stock-based compensation plans. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| COMPENSATION ELEMENT                                                                 | OBJECTIVE                                                                                                            | KEY FEATURE                                                                                                                                                                                                                                                                                                                                 |
|--------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Base Salary                                                                          | Provide a fixed level of cash compensation for performing day-to-day responsibilities.                               | Base salary bands were created and are reviewed annually based on the 62.5th percentile of the Peer Group market data for base salary. Actual increases are based on individual performance.                                                                                                                                                |
| Annual Incentive Plan                                                                | Reward for short-term performance against corporate and individual goals.                                            | Cash payments based on a formula. Each NEO has a target opportunity based on the 62.5th percentile of the Peer Group market data for total cash. Actual payout depends on performance against corporate and individual goals.                                                                                                               |
| Stock Options                                                                        | Align management interests with those of Shareholders, encourage retention and reward long-term Company performance. | Calculations are based on targets for each NEO determined by targeting the 75th percentile of the Peer Group market data for total direct compensation. Stock option grants generally vest over 2 years and have a 5-year life.                                                                                                             |
| Performance Share Units                                                              | Align management interests with those of Shareholders, encourage retention and reward long-term Company performance. | Calculations are based on targets for each NEO determined by targeting the 75th percentile of the Peer Group market data for total direct compensation. PSU grants cliff vest (typically two years from the grant date) and actual payout depends upon the performance against corporate and individual goals as established in the grant.  |
| Employee Share Purchase Plan                                                         | Encourage ownership in the Company through the regular purchase of Company shares from the open market.         | Employees may contribute up to 5% of base salary and the Company matches 50% of the employee’s contribution.                                                                                                                                                                                                                               |
| Retirement Plans: RRSP (Canadian employees), IRA and 401(k) Plan (U.S. employees)(1) | Provide retirement savings.                                                                                          | RRSP – Company matches 100% of the employee’s contribution up to 5% of base salary.IRA – Company matched 100% of the employee’s contribution up to 3% of base salary.401(k) – Company matches 100% of the employee’s contribution up to 5% of base salary, subject to applicable IRS limitations.       |
| Welfare Plan Benefits                                                                | Provide security to employees and their dependents pertaining to health and welfare risks.                           | Coverage includes medical, dental and vision benefits, short- and long-term disability insurance, life and AD&D insurance and employee assistance plan.                                                                                                                                                                                      |

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|   | · | Advance permitting of the Donlin Gold project. |
|--------|--------|------------------------------------------------|

|   | · | Maintain a healthy balance sheet. |
|--------|--------|-----------------------------------|

|   | · | Undertake Galore Creek technical studies to build on successful 2012 and 2013 drill results. |
|--------|--------|----------------------------------------------------------------------------------------------|

|   | · | Evaluate opportunities to monetize the value of Galore Creek. |
|--------|--------|---------------------------------------------------------------|

|   | · | Maintain an effective corporate social responsibility program. |
|--------|--------|----------------------------------------------------------------|

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|   | · | The Company’s compensation mix is balanced among fixed components such as salary and benefits, annual incentive payments and long-term incentives, including PSUs and stock options. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The Compensation Committee, under its charter, has the authority to retain any advisor it deems necessary to fulfill its obligations and has engaged the Compensation Consultant. The Compensation Consultant assists the Compensation Committee in reviewing executive compensation and provides advice to the Committee on an as needed basis. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The annual incentive program for the executive management team, which includes each of the NEOs, is approved by the Board. Individual payouts are based on a combination of quantitative metrics as well as qualitative and discretionary factors. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Stock-based awards are all recommended by the Compensation Committee and approved by the Board. |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | · | The Board approves the compensation for the President and CEO based upon a recommendation by the Compensation Committee, which is comprised entirely of independent Directors. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The nature of the business in which the Company operates requires some level of risk taking to achieve reserves and development of mining operations in the best interest of all stakeholders. Consequently, the executive compensation policies and practices have been designed to encourage actions and behaviors directed towards increasing long-term value while limiting incentives that promote excessive risk taking. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Canadian and/or U.S. listed companies; |
|--------|--------|----------------------------------------|

|   | · | market capitalization and total assets similar to the Company; |
|--------|--------|----------------------------------------------------------------|

|   | · | gold, diversified metals and mining, or precious metals/minerals industry; |
|--------|--------|----------------------------------------------------------------------------|

|   | · | complexity of operation/business strategy relative to the Company; and |
|--------|--------|------------------------------------------------------------------------|

|   | · | experienced, full-time executive team |
|--------|--------|---------------------------------------|

|                    |                           |
|-------------------------|--------------------------------|
| Alacer Gold Corp        | Hecla Mining Co.               |
| Alamos Gold Inc.        | IAMGOLD Corp.                  |
| Allied Nevada Gold Corp | Lake Shore Gold Corp.          |
| Argonaut Gold Inc.      | New Gold Inc.                  |
| Aurico Gold Inc.        | Osisko Mining Corp.            |
| Centerra Gold Inc.      | Silver Standard Resources Inc. |
| Detour Gold Corp.       | Stillwater Mining Co.          |
| Gabriel Resources Ltd.  | Taseko Mines Ltd.              |

----

|   | · | CEO |
|--------|--------|-----|

|   | o | Base Salary – 62.5th percentile of Peer Group |
|--------|---|-----------------------------------------------------|

|   | o | Annual Incentive Target – 100% of base salary |
|--------|---|-----------------------------------------------------|

|   | o | Long Term Incentive Target– 375% of base salary |
|--------|---|-------------------------------------------------------|

|   | · | EVP and CFO |
|--------|--------|-------------|

|   | o | Base Salary – 62.5th percentile of Peer Group |
|--------|---|-----------------------------------------------------|

|   | o | Annual Incentive Target – 80% of base salary |
|--------|---|----------------------------------------------------|

|   | o | Long Term Incentive Target – 250% of base salary |
|--------|---|--------------------------------------------------------|

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| NEO            | 2014 Base Salary Compared to Salary Band Guidepost | Reason                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----------------|----------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Gregory Lang   | Above:104% of guidepost                            | Mr. Lang’s base salary is above the salary range guidepost for his role and level due to his past and current performance, specifically with his previous experience as President & CEO of Barrick U.S. Gold, his mine engineering and operations experience and his excellent relationships with the stakeholders in the Company’s two primary assets.                                                                                     |
| David Deisley  | Above:109% of guidepost                            | Mr. Deisley’s base salary is above the salary range guidepost for his role and level due to his past and current performance, his significant previous experience as Executive Vice President and General Counsel of Goldcorp, as in-house and General Counsel of Barrick U.S. Gold, and his cultivation of good relationships with the Alaskan stakeholders in the Company’s Donlin Gold project.                                              |
| David Ottewell | Below:85% of guidepost                             | Mr. Ottewell’s base salary is below the salary range guidepost for his role and level due to the fact that this is Mr. Ottewell’s first position at the CFO level.  His past and current performance has been excellent, and his previous experience as the Vice President and Controller for Newmont Mining has prepared him for the additional responsibilities incumbent upon the Vice President and CFO position at the Company.  |

| NEO            | Title                                        | 2013 Base Salary | 2014 Base Salary | % Change |
|----------------|----------------------------------------------|------------------|------------------|----------|
| Gregory Lang   | President & CEO                          | $675,000         | $695,250         | 3%  |
| David Deisley  | EVP, General Counsel and Corporate Secretary | $425,000         | $437,750         | 3%  |
| David Ottewell | VP & CFO                                 | $325,000         | $341,250         | 5%  |
|           |                                         |             |             |     |

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| NEO            | Annual Incentive Target (as a % of annual base salary)  | 2013 Annual Incentive Payout | 2013 Corporate Weight/Rating | 2013 Individual Weight/Rating |
|----------------|--------------------------------------------------------------|------------------------------|------------------------------|-------------------------------|
| Gregory Lang   | 100%                                                         | $864,000                     | 80% / 125%                   |  20% / 140%         |
| David Deisley  | 80%                                                          | $435,200                     | 80% / 125%                   |  20% / 140%         |
| David Ottewell | 80%                                                          | $330,200                     | 80% / 125%                   |  20% / 135%         |
|           |                                                         |                         |                         |                          |

|   | · | Advance the permitting of Donlin Gold on time and on budget. |
|--------|--------|--------------------------------------------------------------|

|   | · | Optimize the Donlin Gold Project by lowering upfront capital requirements and increasing the rate of return. |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | · | Maintain a healthy balance sheet. |
|--------|--------|-----------------------------------|

|   | · | Further evaluate opportunities to monetize the value of Galore Creek and increase its reserves and resources. |
|--------|--------|---------------------------------------------------------------------------------------------------------------|

|   | · | Continue an effective corporate social responsibility program. |
|--------|--------|----------------------------------------------------------------|

----

| NEO            | AnnualIncentive Target(as a % of base salary)  | 2014 CorporateRating Weight | 2014 IndividualRating Weight |
|----------------|-----------------------------------------------------|-----------------------------|------------------------------|
| Gregory Lang   | 100%                                                | 80%                         |  20%               |
| David Deisley  | 80%                                                 | 80%                         |  20%               |
| David Ottewell | 80%                                                 | 80%                         |  20%               |
|           |                                                |                        |                         |

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| NEO            | Long-term Incentive Target(as a % of Base Pay) | Stock Option Grant#  | Exercise Price(C$) | PSU Grant #   |
|----------------|------------------------------------------------|---------------------------|--------------------|------------------------------|
| Gregory Lang   | 375%                                           | 1,865,150                 | 2.90               | 754,000                 |
| David Deisley  | 250%                                           |   782,900            | 2.90               | 316,500                 |
| David Ottewell | 250%                                           |   577,300            | 2.90               | 233,400                 |

----

| (C$)                                                                              | 2009 | 2010  | 2011  | 2012 | 2013  |
|-----------------------------------------------------------------------------------|------|-------|-------|------|------------|
| Value based on C$100 invested in the Company on November 30, 2008(1)              | 810  | 2,025 | 1,621 | 671  | 373        |
| Value based on C$100 invested in S&P/TSX Composite Index on November 30, 2008 | 128  | 149   | 144   | 148  | 168        |

| (1)   | Excludes the value of NovaCopper shares distributed to Shareholders in 2012. |
|-----------------|------------------------------------------------------------------------------|

----

| NEO            | Base Salary | Annual Bonus | Value of PSUs that Vested | Value Realized from Stock Option Exercise | Total Realized Compensation  |
|----------------|-------------|--------------|---------------------------|-------------------------------------------|-----------------------------------|
| Gregory Lang   | $668,750    | $554,610     | Nil                       | Nil                                       | $1,223,360                   |
| David Deisley  | $425,000    | $49,580      | Nil                       | Nil                                       | $474,580                     |
| David Ottewell | $325,000    | $26,110      | Nil                       | Nil                                       | $351,110                     |
|           |        |         |                      |                                      |                              |

----

|  NEO      |  Eligible Share Holdings(common shares) # | Share Ownership Guidelines  |
|----------------|------------------------------------------------|----------------------------------|
| Requirement    | Proportion of Requirement Met(1)          |
| Gregory Lang   | 138,444                                        | 3 X base salary                  | $1,800,000(2) |  18%  |
| David Deisley  | 111,752                                        | 2 X base salary                  |   $850,000(3) |  31%  |
| David Ottewell |   49,314                                  | 2 X base salary                  |   $650,000(4) |  18%  |

| (1) | Based on the closing Common Share price on the NYSE-MKT on November 29, 2013 of $2.34. |
|-----|----------------------------------------------------------------------------------------|

| (2) | Based on Mr. Lang’s annual salary effective January 9, 2012.  Mr. Lang has until January 9, 2017 to meet the share ownership requirement equal to $1,800,000.  Mr. Lang received an annual salary increase effective January 1, 2013, and another on January 1, 2014, and has until January 1, 2018 and January 1, 2019 to meet the share ownership requirement associated with the salary increase amounts, respectively. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Based on Mr. Deisley’s annual salary effective November 1, 2012.  Mr. Deisley has until November 1, 2017 to meet the share ownership requirement equal to $850,000.  Mr. Deisley received an annual salary increase effective January 1, 2014, and has until January 1, 2019 to meet the share ownership requirement associated with the salary increase amount. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Based on Mr. Ottewell’s annual salary effective November 13, 2012.  Mr. Ottewell has until November 13, 2017 to meet the share ownership requirement equal to $650,000.  Mr. Ottewell received an annual salary increase effective January 1, 2014, and has until January 1, 2019 to meet the share ownership requirement associated with the salary increase amount. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | appointment, performance evaluation and compensation of the Company's CEO and other executive officers of the Company; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|

|   | · | succession planning relating to the CEO, other executive officers and other key employees, including appointments, reassignments and terminations; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | compensation structure for the CEO and other executive officers including annual, mid-term and long-term incentive plans involving share issuances or share awards; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | determination of Director compensation; and |
|--------|--------|---------------------------------------------|

|   | · | share ownership guidelines for the CEO, other executive officers and Directors. |
|--------|--------|---------------------------------------------------------------------------------|

----

----

|   | · | term of employment; |
|--------|--------|---------------------|

|   | · | amount of compensation and any included benefits such as vacation or health plan coverage; |
|--------|--------|--------------------------------------------------------------------------------------------|

|   | · | the duties, tasks and responsibilities expected of the employee; |
|--------|--------|------------------------------------------------------------------|

|   | · | termination provisions including in the event of a change of control; |
|--------|--------|-----------------------------------------------------------------------|

|   | · | confidentiality of information to prevent employees from disclosing to others any confidential information during or after the employment ends; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | non-solicitation restrictions to prevent the employee from attempting to solicit other employees; and |
|--------|--------|-------------------------------------------------------------------------------------------------------|

|   | · | any other issues specific to the employment situation. |
|--------|--------|--------------------------------------------------------|

|   | · | at least 50% in fair-market value of all of the Company’s assets are sold to a party or parties acting jointly or in concert (as determined pursuant to the Ontario Securities Act, R.S.O. 1990, c.S.5, as amended (the “OSA”), mutatis mutandis) in one or more transactions occurring within a period of two (2) years; or |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | a direct or indirect acquisition by a person or group of persons acting jointly or in concert of voting shares of the Company that when taken together with any voting shares owned directly or indirectly by such person or group of persons at the time of the acquisition, constitutes 40% or more of the Company’s outstanding voting shares, provided that the direct or indirect acquisition by Electrum, including all persons acting jointly or in concert with Electrum, of voting shares of the Company shall not constitute a “Change of Control” unless the acquisition of such additional voting shares when taken together with any voting shares or securities convertible into voting shares (“Convertible Securities”) held directly or indirectly by Electrum at the time of acquisition constitutes 50% or more of the Company’s outstanding voting shares.  All Convertible Securities owned by Electrum will be deemed to be fully converted or exercised and the number of the Company’s outstanding voting shares will be adjusted to reflect such conversion or exercise; or |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | a majority of the nominees of the then-incumbent Board of Directors of the Company standing for election to the Company’s Board of Directors are not elected at any annual or special meeting of the Company’s Shareholders; or |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the Company is merged, amalgamated, consolidated or reorganized into or with another body corporate or other legal person and, as a result of such business combination, more than 40% of the voting shares of such body corporate or legal person immediately after such transaction are beneficially held in the aggregate by a person or body corporate (or persons or bodies corporate acting jointly or in concert) and such person or body corporate (or persons or bodies corporate acting jointly or in concert) beneficially held less than 40% of the Company’s voting shares immediately prior to such transaction. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Name and Principal Position                                                               | Year         | Salary$                                    | Bonus (Annual Incentive Plan)$    | Share-Based Awards(1)$                                           | Option-Based Awards(2)$                                           | Non-Equity Incentive Plan Compensation$   | Change in pension value and nonqualified deferred compensation earnings$      | All Other Compensation(3)$                        | Total Compensation$                                                     |
|-------------------------------------------------------------------------------------------|--------------|--------------------------------------------|--------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------------|-----------------------------------------------------|--------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|------------------------------------------------------------------------------|
| Gregory Lang(4), President and CEO                                                        | 201320122011 | 668,750537,500     Nil | 864,000554,610     Nil       | 1,198,8973,839,135        Nil | 1,119,4943,684,551         Nil | NilNilNil                                           | NilNilNil                                                                                              | 73,43056,032     Nil                              | 3,924,5728,671,829        Nil        |
| David Ottewell(5), Vice President and CFO                                                 | 201320122011 | 325,00017,292    Nil        | 330,20026,110   Nil                    | 461,114726,281      Nil                 | 407,089588,307      Nil                       | NilNilNil                                           | NilNilNil                                                                                              | 92,353    Nil    Nil                    | 1,615,7561,357,990        Nil        |
| David Deisley(6), Executive Vice President, General Counsel and Corporate Secretary  | 201320122011 | 425,00035,417   Nil              | 435,20049,580   Nil                    | 599,4491,328,729       Nil         | 525,823903,330      Nil                       | NilNilNil                                           | NilNilNil                                                                                              | 168,129      885     Nil | 2,153,6012,317,940         Nil  |

| (1) | The amounts in respect of share-based awards are based upon the fair value of the grants as of the date of each grant. |
|-----|------------------------------------------------------------------------------------------------------------------------|

| (2) | Amounts in respect of option-based awards are based upon the Black-Scholes valuation model. Option-based awards granted during the years ended November 30, 2012 and 2013 include vested and unvested amounts. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Amounts in All Other Compensation include Company matching of retirement and share purchase plans, auto allowance, insurance premiums and tax preparation services.  The amounts also include relocation reimbursement and tax gross-ups of $21,574 for Mr. Lang, $63,103 for Mr. Ottewell and $139,738 for Mr. Deisley. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Mr. Lang was appointed President and Chief Executive Officer of the Company effective January 9, 2012. |
|-----|--------------------------------------------------------------------------------------------------------|

| (5) | Mr. Ottewell was appointed Vice President and Chief Financial Officer of the Company effective November 13, 2012 |
|-----|------------------------------------------------------------------------------------------------------------------|

| (6) | Mr. Deisley was appointed Executive Vice President and General Counsel effective November 1, 2012 and Corporate Secretary effective November 19, 2013. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Grants of Plan-Based Awards |
|-----------------------------|
| NEO(a)                      | Grant Date(b) | Estimated FuturePayouts UnderNon-EquityIncentive PlanAwards (1) | Estimated FuturePayouts UnderEquityIncentive PlanAwards (2) | All Other Stock Awards: Number of Shares of Stock or Units (#)(i) | All OtherOption Awards: Number of Securities Underlying Options (3)(#)(j) | Exercise or Base Price of Option Awards($/Sh)(k) | Grant Date Fair Value of Stock and Option Awards(l) |
| Threshold($)(c)             | Tar-get($)(d) | Maxi-mum($)(e) | Thres-hold(#)(f) | Tar-get(#)(g) | Maxi-mum(#)(h) |
| Gregory Lang                | 05-Dec-2012 | - | - | - | 0 | 260,000 | 390,000 | - | 660,000 | $4.38 | $2,318,391 |
| n/a                         | 0 | 675,000 | 1,012,500 | - | - | - | - | - | - | - |
| David Deisley               | 05-Dec-2012 | - | - | - | 0 | 130,000 | 195,000 | - | 310,000 | $4.38 | $1,125,272 |
| n/a                         | 0 | 340,000 | 510,000 | - | - | - | - | - | - | - |
| David Ottewell              | 05-Dec-2012 | - | - | - | 0 | 100,000 | 150,000 | - | 240,000 | $4.38 | $868,203 |
| n/a                         | 0 | 260,000 | 390,000 | - | - | - | - | - | - | - |

|  (1) | Annual Incentive Plan estimated payments based upon performance in fiscal year 2013.                   |
|-----------|--------------------------------------------------------------------------------------------------------|
|  (2) | Performance Share Unit Awards granted December 5, 2012 will be measured and paid out in December 2014. |
|  (3) | Grants under the 2004 Stock Award Plan.                                                                |

----

| NEO(a)                                                              | Option-Based Awards                                                   | Share-Based Awards                                                                             |
|---------------------------------------------------------------------|-----------------------------------------------------------------------|------------------------------------------------------------------------------------------------|
| Number of Securities Underlying Unexercised Options# Exercisable(b) | Number of Securities Underlying Unexercised Options# Unexercisable(c) | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options#(d) | Option Exercise Price C$(e) | Option Expiration Date(f) | Value of Unexercised in-the-money Options C$(1) | Number of Shares or Units of Shares That Have Not Vested(g) | Market or Payout Value of Shares or Units of Shares That Have Not Vested C$(h) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(i) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not VestedC$(2)(j) |
| Gregory Lang                                                        | 333,333                                                               | 166,667                                                                                        | Nil |   $10.12(3) | 06-Dec-2016 | Nil | Nil | Nil | 100,000 | $246,000 |
| 333,333                                                             | 166,667                                                               | Nil                                                                                            | $6.17 | 07-Jun-2017 | Nil | Nil | Nil | 200,000 | $492,000 |
| 220,000                                                             | 440,000                                                               | Nil                                                                                            | $4.38 | 04-Dec-2017 | Nil | Nil | Nil | 260,000 | $639,600 |
| David Deisley                                                       | 333,333                                                               | 166,667                                                                                        | Nil | $4.60 | 03-Sep-2017 | Nil | Nil | Nil | 150,000 | $369,000 |
| 103,333                                                             | 206,667                                                               | Nil                                                                                            | $4.38 | 04-Dec-2017 | Nil | Nil | Nil | 130,000 | $319,800 |
| David Ottewell                                                      | 200,000                                                               | 100,000                                                                                        | Nil | $4.99 | 09-Sep-2017 | Nil | Nil | Nil | 100,000 | $246,000 |
|   80,000                                                       | 160,000                                                               | Nil                                                                                            | $4.38 | 04-Dec-2017 | Nil | Nil | Nil | 100,000 | $246,000 |

| (1) | Based on the price of the Company’s Common Shares on the TSX as of November 29, 2013 of C$2.46 less the option exercise price. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Based on the price of the Company’s Common Shares on the TSX as of November 29, 2013 of C$2.46. |
|-----|-------------------------------------------------------------------------------------------------------|

| (3) | The exercise prices of stock option awards granted prior to April 30, 2012 were adjusted due to the decrease in net assets resulting from the NovaCopper spin-out to 91.1% of the original exercise price. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| NEO                                  | Option Awards             | Stock Awards                         |
|--------------------------------------|---------------------------|--------------------------------------|
| Number of SharesAcquired onExercise# | ValueRealized onExercise$ | Number of SharesAcquired on Vesting# | ValueRealized onVesting$ |
| Gregory Lang                         | Nil                       | Nil                                  | Nil | Nil |
| David Deisley                        | Nil                       | Nil                                  | Nil | Nil |
| David Ottewell                       | Nil                       | Nil                                  | Nil | Nil |

----

|   | · | the Company seeks to attract directors with experience working for larger companies than that of our Peer Group because of our large joint venture partners; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the Company seeks to attract directors with experience working for larger companies than that of our Peer Group because of the scale and quality of the Company’s assets under development in comparison to our Peer Group’s assets. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | For annual retainers, chair fees and meeting fees – 62.5th percentile of the market |
|--------|--------|-------------------------------------------------------------------------------------------|

|   | · | For total direct compensation including stock based awards – 75th percentile of the market |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | · | Market compensation data was sourced from compensation data disclosed in the proxy statements of other publicly traded companies. As with the Company’s NEOs, the data was collected from the proxy statements of the companies included in the Company’s Peer Group. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Activity                                             |  Compensation |
|------------------------------------------------------------|--------------------|
| Membership on Board – Annual Retainer(1)             | $33,600            | per annum  |
| Chairman of the Board                                      | $35,000            | per annum  |
| Preparation and attendance at Board and Committee meetings |   $1,750      | per meeting   |
| Audit Committee Chair                                      | $15,000            | per annum  |
| All Other Committee Chairs                                 |   $9,000      | per annum  |

----

| Director(a)      | Fiscal Year  | Fees Earned or Paid in Cash(b)  | Share-Based Awards(1)(c)  | Option-Based Awards(2)(d)  | Non-Equity Incentive Plan Compensation(e)  | Change in Pension Value and Nonqualified Deferred Compensation Earnings(f)  | All Other Compensation(g)  | Total(h)  |
|-----------------------|-------------------|--------------------------------------|--------------------------------|---------------------------------|-------------------------------------------------|----------------------------------------------------------------------------------|---------------------------------|----------------|
| Sharon Dowdall        | 2013              | $60,300                              | $16,800                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $297,686       |
| Marc Faber            | 2013              | $34,300                              | $16,800                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $271,686       |
| Tony Giardini(3)      | 2013              | $11,700                              | $4,200                         | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $236,486       |
| Thomas Kaplan         | 2013              | $43,750                              | $33,600                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $297,936       |
| Gillyeard Leathley    | 2013              | $31,250                              | $33,600                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $285,436       |
| Igor Levental         | 2013              | $40,750                              | $33,600                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $294,936       |
| Kalidas Madhavpeddi   | 2013              | $73,050                              | $16,800                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $310,436       |
| Gerald McConnell      | 2013              | $37,000                              | $33,600                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $291,186       |
| Clynton Nauman        | 2013              | $36,050                              | $16,800                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $273,436       |
| Rick Van Nieuwenhuyse | 2013              | $32,550                              | $16,800                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $269,936       |
| Anthony Walsh         | 2013              | $61,550                              | $16,800                        | $220,586                        | Nil                                             | Nil                                                                              | Nil                             | $298,936       |

| (1) | The 2013 share-based grants for Directors are vested when the Directors retire from the Board of the Company. |
|-----|---------------------------------------------------------------------------------------------------------------|

| (2) | The 2013 stock option grants for Directors are vested 100% on grant date. The values of the option-based awards are based upon the Black-Scholes valuation model. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Mr. Giardini resigned from the Board on March 1, 2013.  The Board granted an extension of the option expiration dates to the earlier of February 28, 2014 or the original expiration date. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2013 DSU Payments    |
|----------------------|
|                 | Q1 | Q2 | Q3 | Q4 | Total |
| Director             | ValueC$ | # of DSUs | ValueC$ | # of DSUs | ValueC$ | # of DSUs | ValueC$ | # of DSUs | ValueC$ | # of DSUs |
| Sharon Dowdall       | 2,561 | 1,041 | 4,148 | 1,686 | 3,525 | 1,433 | 4,659 | 1,894 | 14,893 | 6,054 |
| Marc Faber           | 2,561 | 1,041 | 4,148 | 1,686 | 3,525 | 1,433 | 4,659 | 1,894 | 14,893 | 6,054 |
| Tony Giardini(1)     | 2,561 | 1,041 | Nil | Nil | Nil | Nil | Nil | Nil | 2,561 | 1,041 |
| Thomas Kaplan        | 5,124 | 2,083 | 8,298 | 3,373 | 7,050 | 2,866 | 9,318 | 3,788 | 29,790 | 12,110 |
| Gillyeard Leathley   | 5,124 | 2,083 | 8,298 | 3,373 | 7,050 | 2,866 | 9,318 | 3,788 | 29,790 | 12,110 |
| Igor Levental        | 5,124 | 2,083 | 8,298 | 3,373 | 7,050 | 2,866 | 9,318 | 3,788 | 29,790 | 12,110 |
| Kalidas Madhavpeddi  | 2,561 | 1,041 | 4,148 | 1,686 | 3,525 | 1,433 | 4,659 | 1,894 | 14,893 | 6,054 |
| Gerald McConnell     | 5,124 | 2,083 | 8,298 | 3,373 | 7,050 | 2,866 | 9,318 | 3,788 | 29,790 | 12,110 |
| Clynton Nauman       | 2,561 | 1,041 | 4,148 | 1,686 | 3,525 | 1,433 | 4,659 | 1,894 | 14,893 | 6,054 |
| Rick Van Niewenhuyse | 2,561 | 1,041 | 4,148 | 1,686 | 3,525 | 1,433 | 4,659 | 1,894 | 14,893 | 6,054 |
| Anthony Walsh        | 2,561 | 1,041 | 4,148 | 1,686 | 3,525 | 1,433 | 4,659 | 1,894 | 14,893 | 6,054 |
|                 |   |   |   |   |   |   |   |   |   |   |

| Director            | Eligible Holdings(1)          #                                                                 | Share Ownership Guidelines |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|
| RequirementC$       | Proportion of               Requirement Met(2)               |
| Sharon Dowdall      |   6,021                                                                                                                                                                                             | 50,000                     | 30% |
| Marc Faber          |   9,359                                                                                                                                                                                             | 50,000                     | 46% |
| Thomas Kaplan       | 14,444                                                                                                                                                                                                   | 50,000                     | 71% |
| Gillyeard Leathley  | 92,488                                                                                                                                                                                                   | 50,000                     | 100% |
| Igor Levental       | 17,082                                                                                                                                                                                                   | 50,000                     | 84% |
| Kalidas Madhavpeddi | 16,936                                                                                                                                                                                                   | 50,000                     | 100% |

----

| Director              | Eligible Holdings(1)#           | Share Ownership Guidelines |
|-----------------------|---------------------------------|----------------------------|
| RequirementC$         | Proportion ofRequirement Met(2) |
| Gerald McConnell      |   53,450                   | 50,000                     | 100% |
| Clynton Nauman        | 140,313                         | 50,000                     | 100% |
| Rick Van Nieuwenhuyse | 706,014                         | 50,000                     | 100% |
| Anthony Walsh         |     6,021        | 50,000                     | 30% |

| (1) | Common Shares and/or DSUs. |
|-----|----------------------------|

| (2) | Based on the Company’s closing Common Share price on the TSX as of November 29, 2013 of C$2.46, or upon a Director having previously met 100% of the share ownership requirement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                    | Option-Based Awards  | Share-Based Awards                                  |
|-------------------------|---------------------------|-----------------------------------------------------|
| Director                | Grant Date                | Number of Securities Underlying Unexercised Options | Option Exercise Price C$ | Option Expiration Date | Value of Unexercised in-the-money Options(1) C$ | Number of Shares or Units of Shares that have not Vested | Market or Payout Value of Shares or Units of Shares that have not Vested(2) C$ | Market or Payout Value of Vested Share-Based Awards not Paid Out or Distributed |
| SharonDowdall           | 16-Apr-2012               | 100,000                                             |   6.33 | 15-Apr-2017 | Nil |   |   |   |
| 05-Dec-2012             | 130,050                   |   4.38                                         | 04-Dec-2017 | Nil |   |   |   |
|                    |                      |                                                |   |   | 6,021 | 14,812 | Nil |
| Marc Faber              | 05-July-2010              | 100,000                                             |   6.18 |  04-Jul-2015 | Nil |   |   |   |
| 03-Dec-2010             |   40,000             | 13.24                                               | 02-Dec-2015 | Nil |   |   |   |
| 07-Dec-2011             |   75,750             | 10.12                                               | 06-Dec-2016 | Nil |   |   |   |
| 05-Dec-2012             | 130,050                   |   4.38                                         | 04-Dec-2017 | Nil |   |   |   |
|                    |                      |                                                |   |   | 9,359 | 23,023 | Nil |
| Tony Giardini(3)        | 28-May-2008               |   80,000                                  |   7.44 | 28-Feb-2014 | Nil |   |   |   |
|   08-Jan-2009      |   40,000             |   2.23                                         | 07-Jan-2014 | 9,200   |   |   |   |
| 29-May-2009        | 130,000                   |   4.78                                         | 28-Feb-2014 | Nil |   |   |     |
|  21-Jan-2010       |   82,250             |   5.83                                         | 28-Feb-2014 | Nil |   |   |   |
| 03-Dec-2010             |   40,000             | 13.24                                               | 28-Feb-2014 | Nil |   |   |   |
| 07-Dec-2011             |   75,750             | 10.12                                               | 28-Feb-2014 | Nil |   |   |   |
| 05-Dec-2012             | 130,050                   |   4.38                                         | 28-Feb-2014 | Nil |   |   |   |
|                    |                      |                                                |   |   | Nil | Nil | Nil |
| ThomasKaplan(4)         | 07-Dec-2011               | 100,000                                             | 10.12 | 06-Dec-2016 | Nil |   |   |   |
| 07-Dec-2011             |   75,750             | 10.12                                               | 06-Dec-2016 | Nil |   |   |   |
| 05-Dec-2012             | 130,050                   |   4.38                                         | 04-Dec-2017 | Nil |   |   |   |
|                    |                      |                                                |   |   | 14,444 | 35,532 | Nil |
| Gillyeard Leathley      | 21-Jan-2010               |   50,000                                       |   5.83 |  20-Jan-2015 | Nil |   |   |   |
| 23-Nov-2010             | 125,000                   | 13.58                                               | 20-Nov-2015 | Nil |   |   |   |
| 07-Dec-2011             | 170,866                   | 10.12                                               | 06-Dec-2016 | Nil |   |   |   |
| 05-Dec-2012             | 130,050                   |   4.38                                         | 04-Dec-2017 | Nil |   |   |   |
|                    |                      |                                                |   |   | 8,321 | 20,470 | Nil |
| Igor Levental           | 08-Jan-2009               | 100,000                                             |   2.23 | 07-Jan-2014 | 23,000      |   |   |   |
| 29-May-2009   | 150,000                   |   4.78                                         | 28-May-2014   | Nil |   |   |   |
| 21-Jan-2010             |   82,250             |   5.83                                         | 20-Jan-2015 | Nil |   |   |   |
| 03-Dec-2010             |   40,000             | 13.24                                               | 02-Dec-2015 | Nil |   |   |   |
| 07-Dec-2011             |   75,750             | 10.12                                               | 06-Dec-2016 | Nil |   |   |   |
| 05-Dec-2012             | 130,050                   |   4.38                                         | 04-Dec-2017 | Nil |   |   |   |
|                    |                      |                                                |   |   | 16,082 | 39,562 | Nil |

----

|                 | Option-Based Awards                | Share-Based Awards                                  |
|----------------------|------------------------------------|-----------------------------------------------------|
| Director             | Grant Date                         | Number of Securities Underlying Unexercised Options | Option Exercise Price C$ | Option Expiration Date | Value of Unexercised in-the-money Options(1) C$ | Number of Shares or Units of Shares that have not Vested | Market or Payout Value of Shares or Units of Shares that have not Vested(2) C$ | Market or Payout Value of Vested Share-Based Awards not Paid Out or Distributed |
| KalidasMadhavpeddi   | 31-May-2007                        | 100,000                                             | 14.82 |  30-May-2017  | Nil |   |   |   |
|  05-Apr-2008    |      35,000(4) |   7.47                                    |  04-Apr-2018 | Nil |   |   |   |
|   08-Jan-2009   |   60,000                      |   2.23                                    |  07-Jan-2014 | 13,800     |   |   |   |
| 29-May-2009          | 150,000                            |   4.78                                         |  28-May-2014   | Nil |   |   |   |
|   21-Jan-2010   |   82,250                      |   5.83                                         |   20-Jan-2015 | Nil |   |   |   |
|  03-Dec-2010    |   40,000                      | 13.24                                               |  02-Dec-2015 | Nil |   |   |   |
|  07-Dec-2011    |   75,750                      | 10.12                                               |  06-Dec-2016 | Nil |   |   |   |
|  05-Dec-2012    | 130,050                            |   4.38                                         |  04-Dec-2017 | Nil |   |   |   |
|                 |                               |                                                |   |   | 10,870 | 26,740 | Nil |
| Gerald               | 08-Mar-2004                        | 100,000                                             |   6.01 | 07-Mar-2014 | Nil |   |   |   |
| McConnell            |  17-Jan-2005                  |   75,000                                       |   8.07 |   16-Jan-2015 | Nil |   |   |   |
|                 | 10-Mar-2006                   |   75,000                                       | 12.81 | 09-Mar-2016 | Nil |   |   |   |
|                 | 05-Apr-2008                        |      35,000(4)                  |   7.47 |  04-Apr-2018 | Nil |   |   |   |
|                 | 08-Jan-2009                        |    5,146                                  |   2.23 |   07-Jan-2014 | 1,184    |   |   |   |
|                 | 29-May-2009              | 150,000                                             |   4.78 |  28-May-2014  | Nil |   |   |   |
|                 | 21-Jan-2010                        |   82,250                                       |   5.83 |    20-Jan-2015 | Nil |   |   |   |
|                 | 03-Dec-2010                        |   40,000                                       | 13.24 |   02-Dec-2015 | Nil |   |   |   |
|                 | 07-Dec-2011                        |   75,750                                       | 10.12 |  06-Dec-2016 | Nil |   |   |   |
|                 | 05-Dec-2012                        | 130,050                                             |   4.38 |  04-Dec-2017 | Nil |   |   |   |
|                 |                               |                                                |   |   |   | 19,568 | 48,137 | Nil |
| Clynton              | 08-Mar-2004                        | 100,000                                             |   6.01 | 07-Mar-2014 | Nil |   |   |   |
| Nauman               |  17-Jan-2005                  |   75,000                                       |   8.07 |   16-Jan-2015 | Nil |   |   |   |
|                 | 10-Mar-2006                   |   75,000                                       | 12.81 | 09-Mar-2016 | Nil |   |   |   |
|                 | 05-Apr-2008                        |      35,000(4)                  |   7.47 |  04-Apr-2018 | Nil |   |   |   |
|                 | 08-Jan-2009                        | 100,000                                             |   2.23 |   07-Jan-2014 | 23,000      |   |   |   |
|                 | 29-May-2009              | 150,000                                             |   4.78 |   28-May-2014   | Nil |   |   |   |
|                 | 21-Jan-2010                        |   82,250                                       |   5.83 |   20-Jan-2015 | Nil |   |   |   |
|                 | 03-Dec-2010                        |   40,000                                       | 13.24 |  02-Dec-2015 | Nil |   |   |   |
|                 | 07-Dec-2011                        |   75,750                                       | 10.12 |  06-Dec-2016 | Nil |   |   |   |
|                 | 05-Dec-2012                        | 130,050                                             |   4.38 |  04-Dec-2017 | Nil |   |   |   |
|                 |                               |                                                |   |   |   | 10,870 | 26,740 | Nil |
| Rick VanNieuwenhuyse | 08-Mar-2004                        | 250,000                                             |   6.01 | 07-Mar-2014 | Nil |   |   |   |
|  17-Jan-2005    | 250,000                            |   8.07                                         |   16-Jan-2015 | Nil |   |   |   |
| 10-Mar-2006          | 200,000                            | 12.81                                               | 09-Mar-2016 | Nil |   |   |   |
|  05-Apr-2008    | 250,000(4)                         |   7.47                                         |  04-Apr-2018 | Nil |   |   |   |
|   08-Jan-2009   | 838,000                            |   2.23                                         |   07-Jan-2014 | 192,740        |   |   |   |
| 29-May-2009          | 483,050                            |   4.78                                         | 28-May-2014 | Nil |   |   |   |
| 29-May-2009          | 702,300                            |   4.78                                         | 28-May-2014 | Nil |   |   |   |
|   21-Jan-2010   | 231,250                            |   5.83                                         |   20-Jan-2015 | Nil |   |   |   |
|  03-Dec-2010    | 332,300                            | 13.24                                               |  02-Dec-2015 | Nil |   |   |    |
|  07-Dec-2011    |   75,750                      | 10.12                                               |  06-Dec-2016 | Nil |   |   |   |
|  05-Dec-2012    | 130,050                            |   4.38                                         |  04-Dec-2017 | Nil |   |   |   |
|                 |                               |                                                |   |   | 6,021 | 14,812 | Nil |
| Anthony Walsh        |  02-Apr-2012                  | 100,000                                             |   6.52 |  01-Apr-2017 | Nil |   |   |   |
|                 |  05-Dec-2012                  | 130,050                                             |   4.38 |  04-Dec-2017 | Nil |   |   |   |
|                 |                               |                                                |   |   |   | 6,021 | 14,812 | Nil |

| (1) | Based on the price of the Company’s Common Shares on the TSX as of November 29, 2013 of C$2.46 less the option exercise price.                                                             |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Based on the price of the Company’s Common Shares on the TSX as of November 29, 2013 of C$2.46.                                                                                            |
| (3) | Mr. Giardini resigned from the Board effective March 1, 2013. The Board granted an extension of the option expiration dates to the earlier of February 28, 2014 or the original expiration date. |
| (4) | These options are unvested.                                                                                                                                                                      |

----

| Director                                       | Option-based Awards                | Share-based Awards                         | Non-equity Incentive Plan Compensation – Value Earned During the Year |
|------------------------------------------------|------------------------------------|--------------------------------------------|-----------------------------------------------------------------------------|
| Number of Securities Underlying Options Vested | Value Vested During the Year(1) C$ | Number of Shares or Units of Shares Vested | Value Vested During the Year C$                                             |
| Sharon Dowdall                                 | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Marc Faber                                     | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Tony Giardini(2)                               | 130,050                            | Nil                                        | 7,750                                                        | 31,855(3)  | Nil |
| Thomas Kaplan                                  | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Gillyeard Leathley                             | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Igor Levental                                  | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Kalidas Madhavpeddi                            | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Gerald McConnell                               | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Clynton Nauman                                 | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Rick Van Nieuwenhuyse                          | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |
| Anthony Walsh                                  | 130,050                            | Nil                                        | Nil                                                                         | Nil | Nil |

| (1) | Based on the closing price of the Company’s Common Shares on the TSX as of November 29, 2013 of C$2.46 less the option exercise price of C$4.38. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Mr. Giardini resigned from the Board effective March 1, 2013. The Board granted an extension of the option expiration dates to the earlier of February 28, 2014 or the original expiration date. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Based on the opening price of the Company’s Common Shares on the TSX as of March 19, 2013 of C$4.11. |
|-----|------------------------------------------------------------------------------------------------------------|

|   | · | the Company’s NEOs; |
|--------|--------|---------------------------|

|   | · | the Company’s Directors and nominees; |
|--------|--------|---------------------------------------------|

|   | · | all of the Company’s NEOs and Directors as a group; and |
|--------|--------|---------------------------------------------------------------|

|   | · | each person who is known by the Company to beneficially own more than 5% of the Company’s issued and outstanding shares of common stock. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------|

| Name           | Business Address                                       | Amount and Nature (1) | Percentage of Class (2) |
|----------------|--------------------------------------------------------|-----------------------|-------------------------|
| Gregory Lang   | 201 South Main, Suite 400Salt Lake City, Utah 84111USA | 2,177,126 (3)         | *                       |
| David Deisley  | 201 South Main, Suite 400Salt Lake City, Utah 84111USA | 997,928 (4)           | *                       |
| David Ottewell | 201 South Main, Suite 400Salt Lake City, Utah 84111USA | 658,778 (5)           | *                       |

----

| Name                                                       | Business Address                                             | Amount and Nature (1) | Percentage of Class (2) |
|------------------------------------------------------------|--------------------------------------------------------------|-----------------------|-------------------------|
| Thomas Kaplan                                              | 535 Madison Avenue, 12th FloorNew York, NY 10022USA          | 85,054,893 (6)        | 26.8%                   |
| Sharon Dowdall                                             | 789 West Pender Street, Suite 720Vancouver, BC V6C 1H2Canada |  398,182 (7)     |  *                 |
| Marc Faber                                                 | 201 South Main, Suite 400Salt Lake City, Utah 84111USA       | 517,270 (8)           | *                       |
| Gillyeard Leathley                                         | 789 West Pender Street, Suite 720Vancouver, BC V6C 1H2Canada | 776,009 (9)           | *                       |
| Igor Levental                                              | 201 South Main, Suite 400Salt Lake City, Utah 84111USA       | 660,303 (10)          | *                       |
| Kalidas Madhavpeddi                                        | 201 South Main, Suite 400Salt Lake City, Utah 84111USA       | 771,867 (11)          | *                       |
| Gerald McConnell                                           | 789 West Pender Street, Suite 720Vancouver, BC V6C 1H2Canada | 847,555 (12)          | *                       |
| Clynton Nauman                                             | 201 South Main, Suite 400Salt Lake City, Utah 84111USA       | 930,474 (13)          | *                       |
| Rick Van Nieuwenhuyse                                      | 789 West Pender Street, Suite 720Vancouver, BC V6C 1H2Canada | 3,273,395 (14)        | 1.0%                    |
| Anthony Walsh                                              | 789 West Pender Street, Suite 720Vancouver, BC V6C 1H2Canada | 389,100 (15)          | *                       |
| All Directors and Named Executive Officers as a group | 201 South Main, Suite 400Salt Lake City, Utah 84111USA       | 97,452,880            | 30.7%                   |
| Electrum Strategic Holdings, LLC                           | 535 Madison Avenue, 12th FloorNew York, NY 10022             | 84,569,479 (16)       | 26.7%                   |
| Paulson & Co. Inc.                                     | 1251 Avenue of the Americas, 50th Floor,New York, NY 10020   | 35,839,014            | 11.3%                   |
| The Baupost Group, LLC                                     | 10 Saint James Avenue, Suite 1700Boston, MA  02116 | 21,688,300            | 6.8%                    |

| (1) | Under applicable U.S. securities laws, a person is considered to be the beneficial owner of securities owned by him or her (or certain persons whose ownership is attributed to him or her) or securities that can be acquired by him or her within 60 days, including upon the exercise of options, warrants or convertible securities. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Based on 317,297,868 Common Shares outstanding as of March 14, 2014, plus any Common Shares deemed to be beneficially owned pursuant to options that are exercisable within 60 days from March 14, 2014. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes 1,894,716 stock options exercisable within 60 days of March 14, 2014. |
|-----|--------------------------------------------------------------------------------|

| (4) | Includes 800,965 stock options exercisable within 60 days of March 14, 2014. |
|-----|------------------------------------------------------------------------------|

| (5) | Includes 552,433 stock options exercisable within 60 days of March 14, 2014. |
|-----|------------------------------------------------------------------------------|

| (6) | Includes 84,569,479 Common Shares all held by Electrum.  Dr. Kaplan is the Chairman and Chief Investment Officer of Electrum Strategic Resources L.P. and thereby has voting and investment power over such shares.  Dr. Kaplan disclaims beneficial ownership in the Electrum shares except to the extent of a minor pecuniary interest. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Includes 389,100 stock options exercisable within 60 days of March 14, 2014. |
|-----|------------------------------------------------------------------------------|

| (8) | Includes 504,850 stock options exercisable within 60 days of March 14, 2014. |
|-----|------------------------------------------------------------------------------|

| (9) | Includes 720,400 stock options exercisable within 60 days of March 14, 2014. |
|-----|------------------------------------------------------------------------------|

| (10) | Includes 637,100 stock options exercisable within 60 days of March 14, 2014. |
|------|------------------------------------------------------------------------------|

| (11) | Includes 737,100 stock options exercisable within 60 days of March 14, 2014. |
|------|------------------------------------------------------------------------------|

| (12) | Includes 787,100 stock options exercisable within 60 days of March 14, 2014. |
|------|------------------------------------------------------------------------------|

| (13) | Includes 787,100 stock options exercisable within 60 days of March 14, 2014. |
|------|------------------------------------------------------------------------------|

| (14) | Includes 2,563,750 stock options exercisable within 60 days of March 14, 2014. |
|------|--------------------------------------------------------------------------------|

| (15) | Includes 389,100 stock options exercisable within 60 days of March 14, 2014. |
|------|------------------------------------------------------------------------------|

| (16) | Electrum holds 84,569,479 Common Shares.   Dr. Thomas Kaplan, chairman of the Board of Directors of the Company, is also Chairman and Chief Investment Officer of each of Electrum and The Electrum Group, a privately-held global natural resources investment management company which manages the portfolio of Electrum, and therefore has voting and investment power over the Common Shares held by Electrum.  Dr. Kaplan disclaims beneficial ownership in the Electrum shares except to the extent of a minor pecuniary interest. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| * | Percentage of Common Shares beneficially owned or over which control or direction is exercised is less than 1%. |
|---|-----------------------------------------------------------------------------------------------------------------|

----

| Plan category                                              | Number of securities to be issued upon exercise of outstanding options, warrants and rights | Weighted-average exercise price of outstanding options, warrants and rights | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                                       | (a)                                                                                         | (b)                                                                         | (c)                                                                                                                                         |
| Equity compensation plans approved by security holders     | 16,598,639                                                                                  | C$6.54                                                                      | 17,657,205                                                                                                                                  |
| Equity compensation plans not approved by security holders | —                                                                                     | —                                                                     | —                                                                                                                                     |
| Total                                                      | 16,598,639                                                                                  | C$6.54                                                                      | 17,657,205                                                                                                                                  |
|                                                       |                                                                                        |                                                                        |                                                                                                                                        |

----

|                   |          Year Ended November 30 |
|------------------------|-------------------------------------------------------------------------|
|                   | 2013                                                                    | 2012 |
| Audit Fees (1)         | C$ 315,000                                                              | C$ 648,000 |
| Audit Related Fees (2) | 123,000                                                                 | 158,000 |
| Tax Fees (3)           | Nil                                                                     | Nil |
| All Other Fees (4)     | Nil                                                                     | Nil |
| Total                  | C$ 438,000                                                              | C$ 806,000 |

| (1)   |  “Audit Fees” are the aggregate fees billed by PwC for the audit of the Company’s consolidated annual financial statements, reviews of interim financial statements and attestation services that are provided in connection with statutory and regulatory filings or engagements. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | “Audit-Related Fees” are fees charged by PwC for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s financial statements and are not reported under “Audit Fees.” This category comprises fees billed for review and advisory services associated with the Company’s financial reporting. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | “Tax Fees” are fees billed by PwC for tax compliance, tax advice and tax planning. |
|-----------------|------------------------------------------------------------------------------------------------|

| (4)   |  “All Other Fees” are fees charged by PwC for services not described above. |
|-----------------|----------------------------------------------------------------------------------------------|

----

----

| ExhibitNo. |   | Description                                                                                                                                                                                                                                                |
|------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |   |                                                                                                                                                                                                                                                       |
| 3.1        |   | Certificate of Continuance (British Columbia) dated June 10, 2013 (incorporated by reference to Exhibit 99.1 to the Form 6-K dated June 19, 2013)                                                                                                          |
| 3.2        |   | Certificate of Discontinuance (Nova Scotia) dated June 10, 2013(incorporated by reference to Exhibit 99.2 to the Form 6-K dated June 19, 2013)                                                                                                             |
| 3.3        |   | Notice of Articles (British Columbia) dated June 10, 2013 (incorporated by reference to Exhibit 99.3 to the Form 6-K dated June 19, 2013)                                                                                                                  |
| 3.4        |   | Articles of NOVAGOLD RESOURCES INC. dated June 20, 2013 (incorporated by reference to Exhibit 99.4 to the Form 6-K dated June 19, 2013)                                                                                                                    |
| 10.1       |   | Underwriting Agreement dated February 2, 2012 between RBC Dominion Securities Inc. and J.P. Morgan Securities LLC (incorporated by reference to Exhibit 99.1 to the Form 6-K dated February 2, 2012)                                                       |
| 10.2+      |   | Amendment dated January 13, 2010 to Limited Liability Company Agreement dated December 1, 2007 between Donlin Gold LLC, Barrick Gold U.S. Inc. and NOVAGOLD Resources Alaska, Inc.                                                                         |
| 10.3       |   | Amendment dated February 11, 2009 to Galore Creek Partnership General Partnership Agreement dated August 1, 2007 (incorporated by reference to Exhibit 99.2 to the Form 6-K dated February 17, 2009)                                                       |
| 10.4       |   | Unit Purchase Agreement dated December 31, 2008 between Electrum and NOVAGOLD (incorporated by reference to Exhibit 99.1 to the Form 6-K dated February 13, 2009)                                                                                          |
| 10.5+      |   | Amendment dated July 28, 2008 to Galore Creek Partnership General Partnership Agreement dated August 1, 2007 between NOVAGOLD Canada Inc., Teck Cominco Metals Ltd., Galore Creek Mining Corporation, NOVAGOLD Resources Inc. and Teck Cominco Limited     |
| 10.6       |   | Indenture dated as of March 26, 2008 between NOVAGOLD and The Bank of New York (incorporated by reference to Exhibit 99.1 to the Registrant’s Report of Foreign Private Issuer on Form 6-K filed on March 26, 2008)                                  |
| 10.7       |   | Supplemental Indenture No. 1 dated as of March 26, 2008 to the Indenture between NOVAGOLD and The Bank of New York providing for the issuance of the Notes (incorporated by reference to Exhibit 99.1 to the Form 6-K dated March 26, 2008)                |
| 10.8+      |   | Limited Liability Company Agreement dated December 1, 2007 between Donlin Gold LLC, Barrick Gold U.S. Inc. and NOVAGOLD Resources Alaska, Inc.                                                                                                             |
| 10.9+      |   | Amendment dated November 25, 2007 to Galore Creek Partnership General Partnership Agreement dated August 1, 2007 between NOVAGOLD Canada Inc., Teck Cominco Metals Ltd., Galore Creek Mining Corporation, NOVAGOLD Resources Inc. and Teck Cominco Limited |
| 10.10+     |   | Galore Creek Partnership General Partnership Agreement dated August 1, 2007 between NOVAGOLD Canada Inc., Teck Cominco Metals Ltd., Galore Creek Mining Corporation, NOVAGOLD Resources Inc. and Teck Cominco Limited                                      |
| 10.11      |   | 2004 Stock Award Plan of NOVAGOLD Resources Inc. (as amended) (incorporated by reference to Appendix A of Exhibit 99.2 of the Registrant’s report on Form 6-K as filed on April 29, 2009)                                                            |
| 10.12+     |   | NOVAGOLD Resources Inc.  Employee Share Purchase Plan                                                                                                                                                                                            |
| 10.13      |   | NOVAGOLD Resources Inc. 2009 Performance Share Unit Plan (incorporated by reference to Appendix C of Exhibit 99.2 of the Registrant’s report on Form 6-K as filed on April 29, 2009)                                                                 |
| 10.14+     |   | NOVAGOLD Resources Inc. 2009 Non-Employee Directors Deferred Share Unit Plan                                                                                                                                                                               |
| 10.15+     |   | Employment Agreement between the Registrant and Gregory A. Lang, dated January 9, 2012.                                                                                                                                                                    |

----

| 10.16+ |   | Employment Agreement between the Registrant and David Deisley, dated September 4, 2012.                                                                                         |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.17+ |   | Employment Agreement between the Registrant’s wholly-owned subsidiary, NovaGold USA, Inc., and David Ottewell, dated September 10, 2012.                                  |
| 10.18+ |   | Amendment dated July 15, 2010 to Limited Liability Company Agreement dated December 1, 2007 between Donlin Gold LLC, Barrick Gold U.S. Inc. and NOVAGOLD Resources Alaska, Inc. |
| 10.19+ |   | Amendment dated June 1, 2011 to Limited Liability Company Agreement dated December 1, 2007 between Donlin Gold LLC, Barrick Gold U.S. Inc. and NOVAGOLD Resources Alaska, Inc.  |
| 10.20+ |   | Employment Agreement between the Registrant’s wholly-owned subsidiary, NovaGold USA, Inc., and Gregory A. Lang, dated January 9, 2012.                                    |
| 10.21+ |   | Employment Agreement between the Registrant’s wholly-owned subsidiary, NovaGold USA, Inc., and David Deisley, dated September 4, 2012.                                    |
| 21.1+  |   | Subsidiaries of the registrant                                                                                                                                                  |
| 23.1+  |   | Consent of PricewaterhouseCoopers LLP                                                                                                                                           |
| 23.2+  |   | Consent of Robert Gill                                                                                                                                                          |
| 23.3+  |   | Consent of Kirk Hanson                                                                                                                                                          |
| 23.4+  |   | Consent of Greg Kulla                                                                                                                                                           |
| 23.5+  |   | Consent of Tony Lipiec                                                                                                                                                          |
| 23.6+  |   | Consent of Jay Melnyk                                                                                                                                                           |
| 23.7+  |   | Consent of Dana Rogers                                                                                                                                                          |
| 23.8+  |   | Consent of Gordon Seibel                                                                                                                                                        |
| 23.9+  |   | Consent of Gregory Wortman                                                                                                                                                      |
| 23.10+ |   | Consent of AMEC                                                                                                                                                                 |
| 31.1   |   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                         |
| 31.2   |   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                         |
| 32.1   |   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                         |
| 32.2   |   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                         |

----

----

|   |  NOVAGOLD RESOURCES INC.                                                                                                                                                                                                                                                                                     |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                              |
|   |  By: /s/ Gregory A. Lang                                               |
|   |  Name: Gregory A. Lang                                                                                                                                                                                                                                                                                       |
|   |  Title: President and Chief Executive Officer                                                                                                                                                                                                                                                                |

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----