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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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"...Do the outstanding warrants and options represent new shares that would need to be issued..."

Yes. New shares would be issued for these warrants and options and will result in a pro-rata dilution; when and if they are exercised.

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