ARTICLE · 10 FEBRUARY 2013

2012 Mining Report British Columbia Securities Commission

Dentons Canada LLP

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The BC Securities Commission has recently issued a report with respect to disclosure and interpretive issues under National Instrument 43 101.

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On January 24, 2013, the BC Securities Commission issued a report (the "2012 Mining Report") with respect to disclosure and interpretive issues under National Instrument 43 101, which is referenced as "the Mining Rule" in the report. Any questions or comments on the 2012 Mining Report can be submitted to Robert Holland or Ian McCartney of the B.C.S.C.

The report identifies a number of weaknesses in the disclosure of mining companies and provides a useful checklist for compliance measures in Appendix "A" which you can download by clicking "Download PDF", and a summary of the mining technical reviews disclosing the common compliance elves on the different disclosures which is also attached to this memo.

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