| Property Locations |
| Location Name: | *Adi Nefas property | Area Name: | *North of Asmara |
| Effective Date: | 5/Sep/1996 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Eritrea Africa | Fax: | (not available) |
| Description: | Option to acquire 100% interest. |
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| Location Name: | *Moyale Property | Area Name: | * |
| Effective Date: | 5/Dec/1996 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Ethiopia Africa | Fax: | (not available) |
| Description: | |
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| Location Name: | *Operating Location | Area Name: | * |
| Effective Date: | 17/Apr/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Zimbabwe Africa | Fax: | (not available) |
| Description: | |
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| Location Name: | *Operating Location | Area Name: | * |
| Effective Date: | 17/Apr/1997 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Uganda Africa | Fax: | (not available) |
| Description: | |
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| Location Name: | *Operating Location - Niger | Area Name: | * |
| Effective Date: | 12/May/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Niger Africa
| Fax: | (not available) |
| Description: | |
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| Location Name: | *Polymetallic Massive Sulfide Projects | Area Name: | *Asmara |
| Effective Date: | 12/May/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 5/Jun/2002 | Phone: | (not available) |
| Address: | Eritrea Africa
| Fax: | (not available) |
| Description: | Agreement for acquisition dated June 29/98 from La Source SAS. |