| Property Locations |
| Location Name: | *El Trapal SA | Area Name: | *Cordoba Region |
| Effective Date: | 13/Jul/1998 | Location Ownership Percent: | 10 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Cordoba Argentina South America
| Fax: | (not available) |
| Description: | Agreement dated June 30/98 with El Trapal SA to purchase a sawmill. |
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| Location Name: | *Forestal Santa Susana SA | Area Name: | * |
| Effective Date: | 25/Jun/1990 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | British Columbia Canada North America | Fax: | (not available) |
| Description: | |
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| Location Name: | *Forestal Serrana Joint Venture | Area Name: | *Calamuchita Valley |
| Effective Date: | 5/May/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (54) 6-20448 (primary) |
| Address: | Suidacma 5196 Casilla De Correo No. 22 Santa Rosa de Calamuchita,Cordoba Argentina South America | Fax: | (not available) |
| Description: | |
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| Location Name: | *Vancouver Office | Area Name: | * |
| Effective Date: | 27/Jul/1988 | Location Ownership Percent: | 100 |
| Expiry Date: | 27/Oct/1998 | Phone: | (604) 383-6791 (primary) |
| Address: | Suite 1599 999 West Hastings Street British Columbia Canada V6C 2W2 North America | Fax: | (604) 383-4802 (primary) |
| Description: | |