| Property Locations |
| Location Name: | *Celica Project | Area Name: | *Southern Ecuador |
| Effective Date: | 19/Jul/1996 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (2) 251 905 (primary) |
| Address: | Ecuador South America | Fax: | (not available) |
| Description: | |
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| Location Name: | *Chical project | Area Name: | *Northern Ecuador |
| Effective Date: | 21/Sep/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | 100km from Quito. |
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| Location Name: | *Chinchinal Project | Area Name: | *90 Km NE of Quito |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *El Rosario Project | Area Name: | *50 km NNW of the city of Cuenca |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Enigmatita Project | Area Name: | *Northeastern Ecuado |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *La Bonita Project | Area Name: | * |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *La Envidia Project | Area Name: | *South of Estero Hondo gold bearing placer |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Macara Project | Area Name: | *Southern Ecuador, near Maraca |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Canada North America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Malal Project | Area Name: | *Pilagatos Hill Sector |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Raissa Property | Area Name: | *Nabija Ore Body |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Rio Cambana Group | Area Name: | *Nambija mines |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Canada North America
| Fax: | (not available) |
| Description: | Voladora Property (35.9 km2), Guando Property (12 km2) and Rio Cambana
Property ( 134.7 km2). |
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| Location Name: | *Rio Mate Property | Area Name: | *100 km northwest of Quito |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *River Palto Group | Area Name: | *Zaruma-Portovelo Mining District |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Canada North America
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Tiguino Oilfield | Area Name: | * |
| Effective Date: | 15/Feb/2000 | Location Ownership Percent: | 53 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Ecuador South America
| Fax: | (not available) |
| Description: | Grant Mining will control 47%. |
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| Location Name: | *Viche-Conguime 1 | Area Name: | * |
| Effective Date: | 10/Nov/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 3/Jul/2003 | Phone: | (not available) |
| Address: | Zamora Chinchipe Ecuador South America
| Fax: | (not available) |
| Description: | |