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6

Nuinsco/Ocean Partners

Nuinsco aided in restructuring of Campbell Resources Inc.

(“Campbell”), former copper/gold producer in Chibougamau

Ocean Partners provided funding to Campbell in return for an

offtake agreement

Campbell made improvements to Copper Rand Mine and

began development of Corner Bay Deposit, all in Chibougamau

Campbell became victim to financial crisis and low metal prices

in 2008; subsequently entered CCAA protection

Nuinsco and Ocean Partners acquire secured debt not owned

to become sole secured creditors of all Campbell assets

Quebec Superior Court affirmed ownership of Chibougamau

assets to Nuinsco and Ocean Partners – CBay Minerals

created (November, 2011)

CBay implemented services contract with Nuinsco to provide

exploration, investor relations, finance and administration