Share Structure: as at March 31, 2012

Authorized Capital   Unlimited Common Shares – npv
Unlimited Preferred Shares – npv
Issued Capital 82,930,623 common shares
Reserved Shares 8,646,000 stock options granted & outstanding
(Reserved & listed on TSX – 9,923,475)
Private Placement
(2-Nov-10)
Agnico-Eagle
3,301,887 Warrants (exercisable at $6.45 until Nov 2, 2013)
Total Dilution 94,878,510