| Property Locations |
| Location Name: | *Juabo Project | Area Name: | *West Africa |
| Effective Date: | 8/Oct/1998 | Location Ownership Percent: | 84 |
| Expiry Date: | 31/Jan/2000 | Phone: | (not available) |
| Address: | Ghana Africa
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Kakadian Concession | Area Name: | *West Africa |
| Effective Date: | 8/Oct/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Jan/2000 | Phone: | (not available) |
| Address: | Mali Africa
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Kubi Project | Area Name: | *West Africa - Accra City |
| Effective Date: | 1/Dec/1993 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Jan/2000 | Phone: | (not available) |
| Address: | Ghana Africa | Fax: | (not available) |
| Description: | |
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| Location Name: | *Satifara Property | Area Name: | *West Africa |
| Effective Date: | 2/Mar/1998 | Location Ownership Percent: | 75 |
| Expiry Date: | 31/Jan/2000 | Phone: | (not available) |
| Address: | Mali Africa | Fax: | (not available) |
| Description: | The 75% interest is owned by the Co's indirect subsidiary, Nevsun Resources (Mali) Ltd. |
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| Location Name: | *Segala Agreement | Area Name: | * |
| Effective Date: | 25/Aug/1998 | Location Ownership Percent: | 75 |
| Expiry Date: | 1/Sep/1998 | Phone: | (not available) |
| Address: | Mali Africa
| Fax: | (not available) |
| Description: | JV with Consolidated Mining Corporation S.A., Trillion Resources Ltd, Oliver Gold Corporation. |
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| Location Name: | *Tabakoto Project | Area Name: | *West Africa |
| Effective Date: | 1/Oct/1993 | Location Ownership Percent: | 95 |
| Expiry Date: | 31/Jan/2000 | Phone: | (not available) |
| Address: | Mali Africa
| Fax: | (not available) |
| Description: | |