As at September 30, 2012, cash amounted to $0.1M. In November 2012, 460,349 shares of Dynacor Gold Mines 
Inc. were released and are available for immediate  sale. As at November 12, 2012, the market value of  the 
2,039,651 remaining restricted shares was $2.4M. The $1.0M ($CA 1.0M) note payable maturing on November 30, 
2012 is secured by 1 million of Dynacor Gold Mines Inc. shares having a market value of $1.2M as at November 12, 
2012. At the maturity of the note payable, the Company intends to sell the 1 million shares that will  become 
unrestricted.