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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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Mineral Reserves Reserve Estimate Data Copper Fox Share Metal Holdings
Project Reserve Category Tonnes (Mt) Cu (%) Mo (%) Au (g/t) Ag (g/t) Cu (Blb) Mo (Mlb) Au (Moz) Ag (Moz)
Schaft Creek (1) Proven 135.40 0.31 0.018 0.25 1.81 0.23 13.43 0.27 1.97
Probable 805.41 0.27 0.018 0.19 1.70 1.18 79.88 1.24 11.01
P & P* 940.81 0.27 0.018 0.19 1.72 1.41 93.31 1.51 12.98
Mineral Resources Resource Estimate Data Copper Fox Share Metal Holdings
Project Resource Category Tonnes (Mt) Cu (%) Mo (%) Au (g/t) Ag (g/t) Cu (Blb) Mo (Mlb) Au (Moz) Ag (Moz)
Schaft Creek (2) Measured 146.62 0.31 0.017 0.24 1.78 0.25 13.73 0.29 2.10
Indicated 1,081.94 0.26 0.017 0.18 1.68 1.53 101.35 1.56 14.58
M & I** 1,228.56 0.26 0.017 0.19 1.69 1.78 115.08 1.85 16.70
Schaft Creek (2) Inferred 597.19 0.22 0.02 0.17 1.65 0.72 50.73 0.84 7.90
Van Dyke (3) Inferred 261.68 0.25 0.00 0.00 0.00 1.44 0.00 0.00 0.00
Eaglehead (4) Inferred 102.50 0.29 0.01 0.08 0.00 0.43 14.77 0.17 0.00
Total Inferred 961.37 2.59 65.50 1.01 7.90
*Proven & Probable
**Measured & Indicated

Copper expressed in billions of pounds, molybdenum in millions of pounds,

<b>gold and silver in millions of ounces.

<b/>
Numbers rounded to reflect best practise principles
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