Grounded Lithium Corp. Suite 500, 400 5th Avenue S.W Calgary, Alberta T2P 0L6

January 15, 2024

DENISON MINES CORP. 1100 – 40 University Avenue Toronto, Ontario M5J 1T1

Attention: David Cates, President & CEO, Director

Dear Sir:

RE: EARN-IN AGREEMENT Twps. 28 - 33, Rges. 17 - 26, W3M Kindersley Area, Saskatchewan Our File: Denison Earn-In

Further to various discussions between Grounded Lithium Corp. (hereinafter referred to as "GLC") and Denison Mines Corp. (hereinafter referred to as "DML"), the following represents the terms and conditions under which DML shall earn a portion(s) of GLC's 100% Working Interest in the Kindersley Lithium Project (hereinafter referred to as the "KLP", and is more fully defined below):

1. Definitions:

a) Agreement: means this agreement and the Schedules attached hereto.
b) Area of Mutual Interest (or, AMI): means the description of applicable lands outlined in Clause 11 in this Agreement.
c) Brine Deposits: means subsurface natural mineral salts, dissolved in geological formation waters, including but not limited to boron, calcium, lithium, magnesium, potassium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds and the lands, leases and mineral rights associated therewith.
d) Effective Date: means the date, to be mutually agreed by the Parties, on which all conditions precedent to the transactions contemplated by this Agreement have been satisfied in accordance with Clause 4, which date is currently expected to be January 15, 2024 and which shall be no later than January 31, 2024, provided that GLC may extend such date to April 30, 2024 if the TSXV final approval is not obtained by January 31, 2024.
e) Earn-In Option: means the provisions outlined in Clause 5 of this Agreement.
f) Earn-In Period: means the period of time that the Earn-In Option is in effect between: (a) the Effective Date; and (b) the earlier of (i) the

exercise of the Earn-In Option pursuant to Clause 5(a) of this Agreement, (ii) the date the Parties mutually agree, (iii) the date which is 30 days after DML notifies GLC in writing of its intention to terminate the Earn-In Option, and (iv) June 30, 2028.

g) GLC Management Contract: means the agreement, substantially in the form set forth in Schedule "D", governing the administration of GLC's duties to assist the Operator with day-to-day activities pursuant to Clause Clause 7(c) of this Agreement.
h) Hazardous Substance means any substance or material that is or becomes prohibited, controlled or regulated by any federal, provincial, municipal, local or other level of government or any government agency, body, corporation, organization, department, official or authority responsible for administering or enforcing any law and includes any toxic substance, waste and dangerous goods.
i) Independent Land Preservation Event means the term as defined in Clause 6(b) of this Agreement.
j) Joint Venture Agreement: means the form of Joint Venture Agreement, substantially in the form set forth in Schedule "C", between Grounded Lithium Corp. and Denison Mines Corp. that would be executed pursuant to Clause 5(d) hereof.
k) Kindersley Lithium Project (or, KLP): means the area bounded by the lines colored in blue on the Land Plat attached to this Agreement as Schedule "A", and includes the KLP Assets and KLP Lands, including the associated mineral rights and Leased Substances granted under the respective Title Documents governing the KLP Lands, that are indicated in the color of yellow on the Land Plat. The KLP Assets also includes the Well, any existing tangible property, and associated Miscellaneous Interests relating to the KLP Lands.
l) KLP Assets: means the KLP Lands, the Well, any existing associated tangible and intangible property and the associated Miscellaneous Interests relating to such assets.
m) KLP Lands: means the areal, stratigraphic and substance sub-surface mineral rights and Leased Substances for the lands, indicated in the color of yellow on the Land Plat attached to this Agreement as Schedule "A", that are governed under the Title Documents and made subject hereto by the Agreement.
n) Land Continuation Expenditure(s): means any monies expended for field work and other activities conducted with the express purpose of preserving or continuing land tenure of the KLP Lands within the KLP.
o) Land Plat: means the plat attached to this Agreement as Schedule "A" that indicates the bounded area of the KLP (in the color blue) and indicates the KLP Lands (in the color yellow).
p) Leased Substances: means all natural mineral salts of lithium, boron, calcium, magnesium, potassium, sodium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds, occurring subsurface, the right to explore for which, or an interest in which, is granted pursuant to the Title Documents, insofar only as they pertain to the KLP Lands;
q) Miscellaneous Interests: means GLC's interest in all property, assets, interests and rights other than the KLP Lands and any existing tangible property directly related to the KLP Lands including, without limitation, any and all of the following:
(i) the Title Documents to the extent related to the KLP Lands or any related tangible property, and all licenses, permits and other similar interests pertaining to the Well or any existing tangible property related to the KLP Lands;
(ii) rights to use or occupy the surface of lands which are used primarily in connection with the KLP Lands or any existing related tangible property, including rights to enter upon and occupy the surface of lands on which the Well or any existing tangible property related to the KLP Lands are located and rights to use the surface of lands to gain access thereto;
(iii) records, data and information directly related to the KLP Lands or any existing related tangible property, including well files, engineering data, land management agreement files, production records and related intellectual property; and
(iv) the Well, including the well bore and casing;

but excluding income tax and financial information;

r) Operator: means the Party appointed as such pursuant to Clause 7 hereof.
s) Party: means either GLC or DML, as the context so applies under this Agreement, and the pluralized term "Parties" shall apply when all Working Interest owners in this Agreement are being referred to.
t) Preserved Land Block: means the term as defined in Clause 6(b) of the Agreement.
u) Project Expenditures: means any reasonable expenditures to advance or maintain KLP, including, without limitation, any: (i) field work, inclusive of field pilot tests, well drilling, and sampling, conducted in the KLP; (ii) lab

	studies involving the KLP; (iii) engineering, technical studies and/or evaluations for the KLP; (iv) expenditures required to maintain the Title Documents associated with the KLP Lands in good standing; and/or (v) any new mineral rights acquisitions in the KLP for the purposes of which are to improve continuity or enhance the breadth of the subsurface mineral land holdings within the KLP.
v) ROFR:	means the term as defined in Clause 10(c) of this Agreement.
w) Title Documents:	means the mineral permits, leases, licences, agreements and other documents of title pertaining to the KLP Lands by virtue of which the holder thereof is entitled to drill for, win, take, own and/or remove the Leased Substances within, upon or under the KLP Lands or by virtue of which the holder thereof is entitled to a share of Leased Substances removed from the KLP Lands or lands pooled or unitized therewith and includes, if applicable, all renewals and extensions of such documents and all documents issued in substitution therefor.
x) Transfer	means to sell, grant, assign, encumber, pledge or otherwise dispose of.
y) Transfer Notice	means the term as defined in Clause 10(b) of this Agreement.
z) Well:	means that certain GLC-owned well with a unique well identification of 102/04-15-032-23W3M and Saskatchewan Well Licence No. 243729.
aa) Working Interest:	means the percentage of undivided beneficial interest held by a Party in the KLP Assets, or the respective zones, portions, parcel or parts thereof; and
bb) Working Interest Owner:	means any Party, including any respective future successors-in interest or assignees of such Party, who hold, or will hold, a Working Interest in the Kindersley Lithium Project, the KLP Assets and this Agreement.

2. Schedules:

The following schedules are attached hereto and made a part of this Agreement:

a) Schedule "A", which is the Land Plat that indicates the Kindersley Lithium Project ("KLP") and the KLP Lands, and includes all other KLP Assets in the KLP;
b) Schedule "B", which is the form of Joint Venture Agreement; and
c) Schedule "C", which is the form of the GLC Management Contract.
d) Schedule "D", which set forth the initial joint venture participating interests, and deemed initial contributions, to be earned pursuant to the Earn-In Option.

3. Representations & Warranties:

a) GLC represents and warrants to DML, as of each of the date hereof and the Effective Date, that:
i. GLC is a valid and subsisting corporation duly incorporated and in good standing under the laws of the Province of Alberta and if so required, is or will be qualified to carry on business in the jurisdiction in which the KLP is situated. GLC has full power and authority to carry on its business and to enter into this Agreement and any agreement or instrument referred to or contemplated by this Agreement and to carry out and perform all of its obligations and duties hereunder.
ii. Only with respect to the matters contemplated by this Agreement to be consummated as of the date hereof or Effective Date, as applicable, GLC has duly obtained all corporate and regulatory authorizations for the execution, delivery and performance of this Agreement and no further action on the part of the directors or shareholders is necessary or desirable to make this Agreement valid and binding on GLC.
iii. This Agreement has been duly executed and delivered by GLC and is valid, binding and enforceable against GLC in accordance with its terms.
iv. The consummation of the transactions contemplated by this Agreement does not and will not conflict with, constitute a default under, result in a breach of, entitle any person to a right of termination under, or result in the creation or imposition of any Encumbrance or restriction of any nature whatsoever upon or against the KLP Assets or GLC, under its constating documents, any contract, agreement, indenture or other instrument to which GLC is a party or by which GLC is bound, any law, judgment, order, writ, injunction or decree of any court, administrative agency or other tribunal or any regulation of any governmental authority.
v. GLC has a 100% Working Interest in the KLP Lands and all other KLP Assets within the KLP. GLC does not warrant title to its Working Interest in the KLP Assets, KLP Lands and the Title Documents, or any interests that it is entitled to acquire therein. However, GLC warrants that (I) its respective interests in the KLP Lands and the Title Documents are only encumbered by the respective lessor royalties for each individual Title Document Lease and the royalty agreement between GLC and DML dated as of the date hereof; (II) DML has been provided with copies of all Title Documents and amendments thereto, and such copies are complete, accurate and unamended except as set out therein; (III) GLC has complied with the terms and conditions of each individual Title Document, including but not limited to the payment of annual rents under such Title Documents, so as to not place its ownership interest in the KLP Lands or other KLP Assets in jeopardy of potential loss; (IV) no event, condition or occurrence exists that, after notice or lapse of time or both, would constitute a default under such Title Documents; (V) GLC has not received notice of the existence of any condemnation, expropriation or similar proceedings affecting the KLP Lands; (VI) to GLC's knowledge, there is no adverse claim or challenge against or to the ownership of or title to any part of the KLP Assets and there is no basis for such adverse claim or challenge; (VII) no person has any right or agreement, option, understanding, prior commitment or privilege capable of becoming an agreement for the purchase or acquisition from GLC of any interest in the KLP Assets; and (VIII) except as disclosed in Schedule "A", there are no royalties or other latent interests in the KLP Assets owing

to any other persons that have been created by, through or under GLC or of which GLC otherwise has knowledge.

vi. GLC is in compliance, in all material respects, with the policies, instruments, by-laws, rules and regulations of each of the applicable Canadian securities regulators and stock exchanges.
vii. The most recent technical report filed by GLC with respect to the KLP Assets complied in all material respects with the requirements of National Instrument 43-101 as at the date of such report and, to the knowledge of GLC, such report provides full, true and plain disclosure of all material facts regarding the KLP Assets.
viii. To GLC's knowledge, there is no legal, administrative, arbitration or other proceeding, claim or action of any nature or investigation pending or threatened against or involving the KLP Assets or which questions or challenges the validity of this Agreement or any action taken or to be taken by GLC pursuant to this Agreement or any other agreement or instrument to be executed and delivered by GLC in connection with the transactions contemplated hereby and GLC does not know or have any reason to know of any valid basis for any such legal, administrative, arbitration or other proceeding, claim, action or investigation. GLC is not subject to any judgment, order or degree entered in any lawsuit or proceeding which has had or may be expected to have an adverse effect on the KLP Assets.
ix. There are no actual or pending proceedings for, and GLC is unaware of any basis for, the institution of any proceedings leading to the placing of GLC in bankruptcy or subject to any other laws governing the affairs of insolvent parties.
x. To GLC's knowledge, no Hazardous Substance has been discharged, emitted or released or disposed of, on, under or at the KLP Lands that has not been remedied in all material respects. To GLC's knowledge, no claim has ever been asserted and there are no present circumstances which could reasonably form the basis for the assertion of any claim against GLC for losses or damages of any kind as a direct or indirect result of the presence on or under or the escape, seepage, leakage, spillage, discharge, emission or release from the KLP Lands of any Hazardous Substance.
xi. Other than the abandonment and reclamation of the Well (in the ordinary course of business) there are no outstanding work orders or actions required or reasonably anticipated to be required to be taken in respect of the rehabilitation or restoration of the KLP Lands or relating to environmental matters in respect of the KLP Assets or any operations thereon, nor has GLC received notice of same.
xii. to the best of GLC's knowledge, all previous exploration on the KLP Lands by GLC or its agents has been carried out in accordance with applicable law and sound environmental and business practice. The prospecting work, processes, undertaking and other operations carried on or conducted by or on behalf of GLC in respect of the KLP Lands have been carried on or conducted in a sound and workmanlike manner in compliance with sound geological and geophysical exploration, engineering and extraction practices.
xiii. GLC does not have any information or knowledge of any facts pertaining to the KLP Assets or this Agreement not disclosed in writing to DML, which if known to DML might reasonably be expected to deter DML from completing the transactions contemplated hereby.
b) The representations and warranties contained in Clause 3(a) are provided for the exclusive benefit of DML and the correctness of each such representation and warranty is a condition upon which DML is relying upon in entering into this Agreement. A breach of any one or more representation or warranty may be waived by DML in whole or in part at any time without prejudice to its rights in respect of any other breach of the same or any other representation or warranty and the representations and warranties contained in Clause 3(a) will survive the execution and delivery of this Agreement notwithstanding any independent investigations DML may make. GLC agrees to indemnify and hold harmless DML from all losses and damages actually incurred by DML in connection with a breach of any representation or warranty made by GLC and contained herein, provided that such representations and warranties shall only have a survival period that terminates two years following the Effective Date.
c) DML represents and warrants to GLC, as of each of the date hereof and the Effective Date, that:
i. DML is a valid and subsisting corporation duly incorporated and in good standing under the laws of the Province of Ontario.
ii. DML has the full power and authority to enter into this Agreement and to carry out and perform all of its obligations and duties hereunder.
iii. DML has duly obtained all corporate and regulatory authorizations for the execution, delivery and performance of this Agreement.
iv. This Agreement has been duly executed and delivered by DML and is valid and binding and enforceable against DML in accordance with its terms.
v. The consummation of the transactions contemplated by this Agreement does not and will not conflict with, constitute a default under, result in a breach of its constating documents.
vi. There are no actual or pending proceedings for, and to DML's knowledge after reasonable inquiry, there is no basis for, the institution of any proceedings leading to the placing of DML in bankruptcy or subject to any other laws governing the affairs of insolvent parties.
d) The representations and warranties contained in Clause 3(c) are provided for the exclusive benefit of GLC and the correctness of each such representation and warranty is a condition upon which GLC is relying upon in entering into this Agreement. A breach of any one or more representation or warranty may be waived by GLC in whole or in part at any time without prejudice to its rights in respect of any other breach of the same or any other representation or warranty and the representations and warranties contained in Clause 3(c) will survive the execution and delivery of this Agreement notwithstanding any independent investigations GLC may make. DML agrees to indemnify and hold harmless DML from all losses and damages actually incurred by GLC in connection with a breach of any representation or warranty made by DML and contained herein, provided that such representations and warranties shall only have a survival period that terminates two years following the Effective Date.

4. Grant of Earn-In Option:

(a) On the Effective Date, and subject to the satisfaction of the following conditions, GLC shall grant to DML the Earn-In Option, as more fully described in Clause 5 of this Agreement:

(i) GLC shall have received all necessary corporate, shareholder, regulatory and other third party approvals and/or consents specifically required to authorize the grant to DML of the Earn-In Option and the related transactions contemplated herein; and
(ii) GLC shall have delivered to DML a certificate of an officer of GLC, certifying that the conditions in Clause 4(a)(i) have been satisfied and that the representations and warranties in Section 3(a) are true and correct.

5. Earn-In Option and Earn-In Period:

a) The Earn-In Option is a multi-stage opportunity for DML to earn a Working Interest(s) in the KLP, including a Working Interest(s) in the KLP Lands and all other KLP Assets within the KLP from GLC through the exercise of a series of options (Option 1, Option 2, and Option 3 as described in Clause 5(a)(i)-(iii), collectively the "Earn-In Option"). The process for DML to exercise this multi-stage option, by written notice to GLC in all such potential cases, is as follows:
i) Option 1: upon DML funding CDN\$2,200,000.00 in Project Expenditures, DML will have the sole option to either: (A) exercise the Earn-In Option and immediately earn a 30% Working Interest in the KLP; or (B) continue to Option 2 of the Earn-In Option;
ii) Option 2: upon DML both (a) satisfying the conditions in its exercise of Option 1 pursuant to Clause 5(a)(i) hereof, and (b) paying to GLC CDN\$850,000.00 in cash and funding an additional CDN\$3,800,000.00 in Project Expenditures, DML will have the sole option to either: (A) exercise the Earn-In Option and immediately increase its notional Working Interest under this Agreement to a 55% Working Interest in the KLP; or (B) continue to Option 3 of the Earn-In Option; and
iii) Option 3: upon DML both (a) satisfying of the conditions in its respective exercises of Option 1 and Option 2 pursuant to Clauses 5(a)(i) and 5(a)(ii) hereof, and (b) paying to GLC CDN\$1,500,000.00 in cash and funding an additional CDN\$6,000,000.00 in Project Expenditures, DML will be deemed to have completely exercised the Earn-In Option and would immediately increase its notional Working Interest to a 75% Working Interest in the KLP . In the event this phase is completed prior to June 30, 2028, the definition of "Earn-In Period" shall be amended to reflect the earlier date of completion of the Earn-In Option.

The Earn-In Option must be exercised by DML via written notice(s) to GLC within the Earn-In Period. DML shall have sole discretion as to whether or not it desires to exercise any or all of the Earn-In Option choices described in Clause 5(a) of the Agreement, and may at any time during a selected phase of the Earn-In Option cease funding Project Expenditures in such selected Earn-In Option phase and thereby cease any further earning opportunities in the Earn-In Option from that point in time forward. In such a scenario where DML does not fully complete a selected Earn-In Option phase by ceasing to fund any further Project Expenditures in such selected Earn-In Option phase, DML will not earn the respective level of Working Interest of such respective Earn-In Option phase that is outlined in Clause 5(a) hereof. However, if DML had previously earned a level of Working Interest in the KLP and the KLP Assets by fully completing any previous Earn-In Option phase(s), DML would retain such previously earned level of Working Interest in the KLP and the KLP Assets under the governance of the Joint Venture Agreement, as the case may be.

b) During the Earn-In Period, in the event DML earns any Working Interest(s) in the KLP pursuant to the Earn-In Option, GLC shall hold in trust for the sole benefit of DML such earned Working Interest(s) of DML in the KLP and the KLP Assets until such time as the Earn-In Period comes to an end pursuant to the terms of Clause 5(a) hereof. At the end of the Earn-In Period, GLC shall formally assign and transfer to DML any applicable Working Interest(s) that DML earned in the KLP Assets by virtue of the election(s) and related performance(s) done by DML pursuant to Clause 5(a) of the Agreement. This formal assignment process on the part of GLC regarding the KLP Assets would reflect a final percentage of Working Interest earned by DML that would include all incremental gains of Working Interest(s) by DML through progressively selecting higher option phases under Clause 5(a) of the Agreement until the end of the Earn-In Period. In the event of any such formal assignment by GLC of Working Interest in the KLP Assets to DML at the end of the Earn-In Period, GLC shall prepare and execute any ancillary documentation, including applicable assignment agreements, formal transfers, and other appropriate instruments to formally evidence DML's final earned Working Interest in the KLP and KLP Assets. To complete this assignment work, GLC may require DML's execution of any applicable ancillary documentation. Upon request by DML, GLC will provide any evidence of the completion of this work.
c) If applicable at the end of the Earn-In Period, in the event GLC assigns and transfers any Working Interests in the KLP Assets to DML pursuant to Clause 5(b) of this Agreement, GLC and DML will be Working Interest Owners in the KLP, KLP Lands and all other KLP Assets. At the point in time of any such assignment of Working Interest by GLC, DML and GLC shall execute, and the resulting contractual joint venture of the Parties shall be governed under the provisions of, the Joint Venture Agreement. The Parties intend that the Joint Venture Agreement will govern the on-going exploration, development, operational, administration and accounting activities between the Working Interest Owners in the KLP, KLP Lands and all other KLP Assets. Commensurate with DML's multi-stage Earn-In Option rights in Clause 5(a) of the Agreement, DML's respective notional Working Interest in the KLP and KLP Assets may increase in one, two or three instances, as the case may be, until the end of the Earn-In Period in the event DML elects to progressively exercise the options noted in Clause 5(a) hereof. For clarity, the three (3) possible scenarios of the establishment of the respective Working Interests of the Working Interest Owners in the KLP and KLP Assets would be:
i) In the event DML only completed the Option 1 phase of the Earn-In Option:

DML 30% Working Interest GLC 70% Working Interest

ii) In the event DML completed the Option 2 phase of the Earn-In Option:

DML 55% Working Interest GLC 45% Working Interest

iii) In the event DML completed the Option 3 phase of the Earn-In Option:

DML 75% Working Interest

GLC 25% Working Interest

The initial Participating Interests and Initial Contributions of the Parties, for the purposes of Section 5.1 of the Joint Venture Agreement, shall be as set forth in Schedule "D" of this Agreement.

d) Except for any Land Continuation Expenditure(s), DML will solely fund all programs for Project Expenditures during the Earn-In Period and shall have full discretion on the scope and timing of any and all such applicable expenditures, but the Parties intend that DML shall consult with GLC as part of an advanced and collaborative budget and planning process to set the expected Project Expenditures for each calendar year during the Earn-In Period. Further, the Parties acknowledge and intend that during the Option 1 and Option 2 phases of DML's Earn-In Option pursuant to Clause 5(a) of this Agreement, that the Working Interest Owners will be able to complete certain field pilot testing to assess the insitu extraction of lithium from the KLP. Any expenditures by DML on Project Expenditures during the Earn-In Period in excess of those required in its exercise of Option 1 and/or Option 2 of the Earn-In Option, as the case may be, will be credited towards Option 2 or Option 3, as applicable. Any expenditures by DML on Project Expenditures during the Earn-In Period in excess of those required to exercise Option 3 of the Earn-In Option will be credited to DML's account for future KLP expenditures.
e) During the Earn-In Period:
i) GLC will promptly provide DML with any and all notices and correspondence received from any governmental authorities in respect of the KLP Assets;
ii) subject to the Land Continuation Expenditures and related work required to continue some of the KLP Lands, consultation with DML on any assessment work required to be done or payments to be made in lieu thereof, GLC shall otherwise maintain the KLP Assets in good standing and perform all acts which may be necessary in order to keep the KLP Assets in good standing and free and clear of all encumbrances arising from or out of GLC's activities on or with respect to the KLP Assets;
iii) each Party shall share with the other Party all technical data and any interpretation or reports on such data relating to the KLP Assets it has gathered or created during the Earn-In Period; and
iv) each Party shall have the right to enter the KLP Lands and complete such work and deal with such KLP Assets as is reasonably related to, and in furtherance of, the completion of the Project Expenditures and Land Continuation Expenditures, as applicable, provided that such access shall not unduly obstruct or interfere with the operation or activities conducted by the other Party.

6. Land Continuation Programs

a) During the Earn-In Period, GLC or DML may propose a program and budget for Land Continuation Expenditures under this Agreement. In the event GLC proposes a program for Land Continuation Expenditures, GLC shall be limited to:

i) the minimum amount of activity and capital necessary to satisfy the respective land continuation provisions of the various Title Documents governing the KLP Lands in the KLP; and
ii) that the maximum number of wells drilled, in part to facilitate land continuation of the KLP Lands, shall be as follows:
1) Zero (0) wells drilled prior to December 31, 2024;
2) Three (3) wells drilled prior to December 31, 2025;
3) A cumulative aggregate of eleven (11) wells drilled prior to March 31, 2027, not including the Well; and
4) A cumulative aggregate of sixteen (16) wells drilled prior to September 30, 2027, not including the Well.
b) During the Earn-In Period, in the event a Party declines to participate in the funding of any proposed Land Continuation Expenditure(s), the Party who proposed such affected Land Continuation Expenditure(s) shall have the right to solely fund that respective Land Continuation Expenditure(s). In that event, the respective solely-funded Land Continuation Expenditure(s) shall be separately recorded as an independent operation and expenditure (hereinafter referred to as an "Independent Land Preservation Event") that will include a description of the affected portion of the KLP Lands that would have expired or otherwise been relinquished back to the respective mineral rights owner/lessor/permitor in the event the respective Land Continuation Expenditure(s) was not executed and spent by the independent actions of the Party solely funding such affected Land Continuation Expenditure(s). Such portion of the affected KLP Lands shall hereinafter be referred to as the "Preserved Land Block".
c) Upon completion of the Earn-In Period, and in connection with entering into the Joint Venture Agreement, any Party who had elected not to participate in any individual Independent Land Preservation Event pursuant to Clause 6(b) shall have the right to elect to either: (A) reimburse the respective Party who solely funded such Independent Land Preservation Event(s) on the basis of paying its respective pro-rata KLP Working Interest share of the affected Land Continuation Expenditure(s); or (B) to dilute its Working Interest in any respective Preserved Land Block(s) affected by the Independent Land Preservation Event(s), with the Working Interest dilution calculation based upon the relative value of that affected Preserved Land Block(s) of the KLP Lands and the respective Land Continuation Expenditure(s) spent thereon during the Earn-In Period compared to the overall value of the KLP. The initial KLP expenditures, as evidenced and supported by the amount of Project Expenditures, and the dilution calculation shall be set forth in the Joint Venture Agreement.

7. Operatorship & Site Management

a) During the Earn-In Period, DML shall have the right to be appointed as the Operator (as that term is defined, and the respective duties of the position described, in the Joint Venture Agreement) of the KLP and this Agreement.

b) In the event DML elects to be appointed as the Operator of the KLP during the Earn-In Period, it shall: (I) staff and supervise all field activities in the KLP (subject to Clause 7(c)), (II) manage and enter into any agreements with any required contractors, which could include GLC, and (III) DML will consult with GLC prior to incurring any individual Project Expenditures over CDN\$250,000.00 not otherwise approved in an annual program and budget for the KLP. As described in the Joint Venture Agreement, the Operator may charge an administrative fee of 7% on all Project Expenditures, excluding any and all annual rental payments payable under the Title Documents to preserve the KLP Lands.
c) To ensure continuity of operations, in the event DML elects to be appointed Operator of the KLP pursuant to Clause 7(a) of the Agreement, DML intends to enter into a minimum two (2)-year site management contract with GLC (hereinafter referred to as the "GLC Management Contract"), substantially in the form set forth in Schedule "D", whereby GLC's management and staff will perform the day-to-day operations of the KLP. The GLC Management Contract will include compensation to GLC at the rate of 5% on the cost of all applicable annual expenses of the KLP, excluding any and all annual rental payments payable under the Title Documents to preserve the KLP Lands. Notwithstanding this contractual relationship, GLC will endeavour to make use of DML's field staff to support site operations in the KLP.

8. Addresses for Service:

a) The Addresses for Service hereunder of each of the respective Parties shall be as follows:

Denison Mines Corp.	Grounded Lithium Corp.
1100 – 40 University Avenue	Suite 500, 400 – 5th Avenue S.W.
Toronto, Ontario	Calgary, Alberta
M5J 1T1	T2P 0L6
Attention: President & CEO	Attention: Land Department
E-Mail: [Redacted : E-Mail Address]	E-Mail: [Redacted : E-Mail Address]

b) Any Party may change its respective Address for Service by serving written notice to the other Party.
c) If notice is sent by E-mail or is delivered, it will be deemed to have been given and received at the time of transmission or delivery, if transmitted or delivered during regular business hours, or the next business day, if not transmitted or delivered during normal business hours. If notice is mailed (and the notice provider is not reasonably aware of any reason normal mail service has been or will be interrupted), it will be deemed to have been received 5 business days following the date of the mailing of the notice.

9. Exclusivity:

a) GLC agrees that, during the period between the date of this Agreement and the Effective Date (the "Exclusivity Period"), neither it, its affiliates nor its and their respective representatives, officers, directors, employees, advisors or agents will, directly or indirectly, (i) make, solicit, initiate or encourage enquiries from, or the submission of any proposal or offer from, any person (defined below) (other than DML) relating to any Alternative Transaction (defined below), (ii) except in response to a Superior Proposal, participate in any negotiations or discussion regarding, or furnish to any other person any information with respect to, or otherwise cooperate in any way with, or assist or participate in, an Alternative Transaction; or (iii) facilitate or encourage any effort or attempt by any other person to do or seek to do any of the foregoing with respect to an Alternative Transaction, and to the extent any such discussions or negotiations have occurred with third parties prior to the date hereof, they shall be terminated immediately by GLC.

b) DML recognizes the possibility that GLC could receive an unsolicited proposal from a third party prior to the Effective Date. GLC agrees to notify DML forthwith if it, its affiliates, or its or their respective representatives, officers, directors, employees, advisors, or agents receives, after the date hereof, any indication of interest or other communication regarding any possible Alternative Transaction and will furnish in writing to DML the terms and conditions of such indication or communication and copies of any documentation received in connection therewith (regardless of whether the third party has requested any such terms, conditions, communications and/or documentation to be kept confidential).
c) Should GLC's Board of Directors (the "GLC Board") reasonably deem an unsolicited proposal for an Alternative Transaction to be a Superior Proposal (as defined below), GLC will immediately inform DML management of such determination and allow DML five (5) business days to notify GLC whether it is DML's intention to match or exceed the deemed consideration in the Superior Proposal. If DML does not elect to, or is unable to, match or exceed the deemed consideration in the Superior Proposal and GLC accepts a Superior Proposal, (i) GLC shall pay to DML, in cash, a termination fee of CDN\$300,000, and (ii) upon receipt by DML of the termination fee this Agreement shall be deemed terminated.
d) For the purposes of this Agreement:

"Alternative Transaction" means, in respect of GLC and excluding the transaction with DML pursuant to the terms of this Agreement, (1) any (i) issuance of GLC common shares including any securities convertible or exchangeable into GLC common shares, (i) merger, amalgamation, arrangement, acquisition, take-over bid or similar transaction involving GLC, (ii) sale of all or a material portion of GLC's interest in the Project (or any option, earn-in, lease, royalty, stream or other arrangement having a similar economic effect as a sale), or (d) any transactions or series of transactions similar to those described in (1)(i), (ii) or (iii), or (2) any proposal or offer or public announcement of an intention to complete any transaction described in (1).

"Superior Proposal" means any unsolicited, bona fide written offer with respect to an Alternative Transaction (excluding 1(a) of that definition) made after the date of this Agreement that:

(i) complies in all respects with applicable laws, regulations, stock exchange listing requirements and similar rules and regulations of regulatory bodies;
(ii) did not result from a breach of Clause 9(a);
(iii) DML received notice of in accordance with Clause 9(b) no less than 2 business days prior to date on which the GLC Board has scheduled a meeting to consider the proposed Alternative Transaction;
(iv) DML has an opportunity to meet with, and discuss any Alternative Transaction with the GLC Board at or before any meeting of the GLC Board to consider the proposed Alternative Transaction;
(v) the GLC Board has determined, in its good faith judgment, after receiving the advice of its external legal counsel and professional financial advisors, is

reasonably capable of being completed without undue delay, taking into account all financial, legal, regulatory and other aspects of such Alternative Transaction offer and the entity making such Alternative Transaction offer;

(vi) the GLC Board has determined, in its good faith judgment, after receiving the advice of its external legal counsel and professional financial advisors, that such Alternative Transaction offer would, if consummated in accordance with its terms, taking into account the risk of non-completion, result in a transaction that is more favourable, from a financial point of view, to GLC shareholders than as contemplated herein; and
(vii) the GLC Board has determined, in its good faith judgment, after receiving the advice of its external legal counsel and professional financial advisors, that the failure to accept, recommend, approve, or enter into a definitive agreement to implement such Alternative Transaction offer would be inconsistent with applicable fiduciary duties of the GLC Board.

10. Assignments, Dispositions & Encumbrances:

a) During the Earn-In Period, neither DML nor GLC will be entitled to grant any encumbrance upon the KLP Assets or any portion thereof without the prior written consent of the other Party, which consent may be unreasonably withheld.
b) Subject to the exceptions outlined in Clause 10(c) hereof, in the event that any Party proposes to Transfer any (or all) of its notional Working Interest in any KLP Assets or this Agreement during the Earn-In Period to a third party, the Party proposing to Transfer of any (or all) of such interest (such Party would be referred to as the "Offeror" in such context) shall, by written notice, advise all other Party(ies) (such other Party(ies) would be referred to as the "Offeree(s)" in such context) of its intention to make a Transfer (the "Transfer Notice"). The Transfer Notice must include:
i. a description of the exact interests proposed to be Transferred to a third party;
ii. the identity of the proposed assignee third party; and

iii. the material terms of such proposed Transfer, including the purchase price and/or other compensation involved in the transaction (including the cash value of any non-cash compensation), the proposed effective date and the proposed closing date of the transaction, and other material terms and conditions of the proposed Transfer that an Offeree would need to assess in deciding whether or not to acquire the proposed interests to be Transferred by the Offeror.

c) The Transfer Notice shall constitute a right of first refusal opportunity (hereinafter referred to as a "ROFR") wherein the Offeree(s) shall have a period of twenty (20) days from the date of receipt of the Transfer Notice to elect to either:

i) complete the proposed Transfer with the Offeror in accordance with the material acquisition terms outlined in the Transfer Notice; or

ii) waive its ROFR opportunity to complete the proposed Transfer from the Offeror, and provide its written consent of the Offeror to proceed with its proposed Transfer to the proposed assignee third party.

d) Any Offeree(s) that fails to reply to a Transfer Notice within twenty (20) days after its receipt of such Transfer Notice will be deemed to have waived its/their ROFR opportunity and to have consented to that particular Transfer.
e) For each instance of a proposed Transfer by an Offeror, upon actual or deemed waiver and consent by the Offeree in accordance with this Clause 10, the Offeror may proceed with finalization of its proposed Transfer of interest under this Agreement and the applicable KLP Assets to the identified assignee third party provided that:
i) the Transfer, as disclosed in the Transfer Notice, has been completed within 120 days of such Transfer Notice (after which time, the Offeree shall have another ROFR opportunity in accordance with this Clause 10);
ii) no interest in any KLP Assets is Transferred without a reciprocal Transfer of the rights and obligations of this Agreement; and
iii) the Offeror and third party shall have executed all necessary assignment agreements, transfers and other ancillary documentation required for the formal assignment and transfer of the related disposed interest in the KLP Assets and this Agreement (such ancillary documentation shall hereinafter be referred to as the "Assignment Documentation"). All Parties shall then be obligated to recognize the respective assignee third party as being the successor-in-interest to the respective Working Interest Owner who assigned interests in the particular disposition of interest transaction involving the KLP Assets and this Agreement, effective during the first day of the calendar month when all Parties receive copies of the respective Assignment Documentation and from that point forward, the assignee shall formally be recognized as a Party and a Working Interest Owner in the KLP Assets and the Agreement and enjoy its Working Interest share of benefits derived therefrom and bear its Working Interest share of all costs and burdens related to such position.
f) Clauses 10(b) to (e) hereof will not apply to the following Transfers:
1. a bona fide assignment or pledge made by way of security for its present or future indebtedness or liabilities (whether contingent, direct or indirect and whether financial or otherwise), its issuance of bonds or debentures or its performance of its obligations as a guarantor under a guarantee, provided that the restrictions on disposition in Clause 10(a) hereof will apply if that security is enforced by sale or foreclosure; or
1. a bona fide Transfer to an affiliate, provided that such affiliate, prior to the effective date of the Transfer, agrees in writing with the remaining Party to be bound by the terms and conditions of this Agreement; or
1. a corporate merger, consolidation, amalgamation or reorganization of a Party by which the surviving entity shall possess substantially all of the common shares and/or all of the property rights and interests, and be subject to substantially all of the liabilities and obligations of that Party, and such surviving entity, prior to the effective date of the disposition, agrees in writing with the remaining Party to be bound by the terms and conditions of this Agreement.

g) no Transfer permitted by this Clause 10 shall relieve the transferring Party of its share of any liability, whether accruing before or after such Transfer, which arises out of operations conducted prior to such Transfer.

11. Area of Mutual Interest (or, AMI):

a) DML acknowledges that GLC may continue to independently acquire and to explore for or otherwise acquire mineral rights, lands or other projects outside of the boundaries of the KLP AMI, as such bounded area is established on the Land Plat. If GLC succeeds in its efforts to acquire any such additional mineral rights, lands and or projects, the provisions of the Area of Mutual Interest in Clause 11(b) of the Agreement shall not apply and GLC shall be at liberty to pursue its own independent business plans on such acquired lands and projects.
b) During the Earn-In Period, the Parties agree to the establishment of an Area of Mutual Interest comprising all Brine Deposits that are located within ten (10) kilometres (KM) of any existing KLP Lands (hereinafter referred to as the "KLP AMI").
c) If, during the period the KLP AMI hereunder is in effect pursuant to Clause 11(b) hereof, any Brine Deposits within the KLP AMI area becomes available for acquisition and a Party wishes to acquire such Brine Deposits, then the Parties shall meet for the purposes of arriving at a mutually agreeable bid price for the available parcel or parcels of land. If mutual agreement is reached on such bid price(s), the Operator shall submit such bid(s) on behalf of the Parties commensurate with the respective or notional Working Interests (as applicable) of each Party in the KLP at the time of the acquisition opportunity and any such acquisition costs shall be Project Expenditures for the purposes of the Earn-In Option. In the event the acquisition opportunity arises prior to DML electing and completing Option 1 of its Earn-In Option, as outlined in Clause 5(a) of the Agreement, GLC shall bid and otherwise attempt to acquire the opportunity to add additional Brine Deposits within the KLP. In the event GLC is successful in acquiring all (or a portion) of such opportunity, GLC will offer DML the opportunity to acquire a 30% working interest in such additional Brine Deposits at the point in time if and when DML were to complete its obligations in the Option 1 phase of its Earn-In Option under Clause 5(a) hereof. In such an event, DML would provide written notice of participation to GLC and would reimburse GLC for 30% of the applicable land acquisition costs, in cash.
d) If the Parties cannot agree on a joint bid(s) under Clause 10(c) hereof, a Party may submit a bid(s) for its sole account, and, if successfully acquired, such Party shall be the sole and independent owner of such newly acquired Brine Deposits. However, if the successful bid price differs by more than five percent (5%) from the amount that such successful Party had last represented that it was prepared to pay for such affected parcel(s), the successful Party must offer such parcel(s) to the other Party hereunder. Such affected Party shall have twenty (20) days to elect, by written notice to all Parties, to participate in such opportunity as to its respective or notional Working Interest share in the KLP. In the event such affected Party elects to participate in such acquisition opportunity, they shall reimburse the Party who acquired the respective new lands and mineral rights for the costs, in cash, of such acquisition in accordance with their respective working interest share. Such newlyacquired Brine Deposits will become part of the KLP Lands and thereafter be jointly owned by the Working Interest Owners in accordance with their respective or

notional Working Interests in the KLP. In the event the responding Party does not elect to participate in the acquisition opportunity, the Party who acquired the acquisition opportunity shall be the sole and independent owner of such newlyacquired Brine Deposits.

e) For greater certainty, if, during the period the KLP AMI hereunder is in effect pursuant to Clause 11(b) hereof, a Party hereunder acquires an interest, or the right to acquire an interest, in any Brine Deposits within the KLP AMI Area either directly or indirectly through a farm-in, seismic option, drilling option, seismic review option, purchase, lease, sublease, asset exchange or any other similar or like method of obtaining an interest within the KLP AMI, as the case may be, then the provisions of Clause 10(d) hereof shall apply wherein such acquiring Party shall offer any such acquisition opportunity to the other Party hereunder. Such affected Party shall have twenty (20) days to elect, by written notice to all Parties, to participate or not in such acquisition opportunity as to its respective or notional KLP Working Interest share (as applicable). Depending on the responding Party's election regarding such acquisition opportunity, the process outlined in Clause 10(d) shall apply as between the Parties in response to such election.
f) The AMI outlined in Clause 10(b), and the provisions of Clauses 10(c), 10(d) and 10(e) hereof, shall not apply to an interest in a Brine Deposit within the KLP AMI acquired by way of a merger, amalgamation, or similar reorganization, (including any affiliates thereof), as the case may be, and one or more other corporations or the acquisition of a corporation, partnership or other similar business enterprise involving any Party in this Agreement (a "Corporate Transaction"), provided that the interests within the KLP AMI represent less than 33% of the value of the underlying assets acquired through the Corporate Transaction.

12. Government Grants and Assistance

The Parties are aware that the Project could benefit from one or more government programs that are currently available or those that will become available in the future. These government programs could be at various levels including but not limited to, municipal, provincial, federal and international. For government programs that are active and/or have been submitted at the time of this Agreement where funds are ultimately received for the benefit of the Project, those funds will be re-allocated to the respective Party based on the notional Working Interest at the time of receipt of government funds as detailed in this Agreement or the effective Working Interest as detailed in the formal Joint Venture Agreement should that be in place at the time of receipt of government funds. For clarity, there are two active applications:

NRCAN CMRDD2 (Government of Canada)
Innovations Saskatchewan (Government of Saskatchewan)

The Parties understand specific deadlines exist to incur necessary expenditures under various government programs either listed above or others to be applied for in the future, and for which the Parties will endeavour to meet those deadlines.

Future government programs that may be applied for will directly accrue to the benefit of the Project with no split in reimbursement as detailed above.

13. Accounting and Reporting Procedures

The Parties will follow the procedures as outlined in Schedule XX of the Joint Venture Agreement referenced as Schedule C to this Agreement in order to maintain proper controls and procedures on amounts spent towards Project Expenditures. During the term of the GLC Management Contract, GLC will monitor accounts and records for the benefit of the Parties. Upon termination of the GLC Management Contract in accordance with its terms, these responsibilities will be transferred to the Operator.

14. Liability, Indemnity and Relationship of the Parties

a) The Party acting as Operator pursuant to this Agreement shall not be responsible to the other Party for any loss, expense, claim, liability or damage of any kind and nature whatsoever suffered by any person (including, without limitation, any legal fees and amounts paid in settlement of claims and satisfaction of judgments) if the said loss, expense, claim, liability or damage (i) is fully recovered through insurance proceeds of the other Party, or (ii) arose out of any act or omission (which does not amount to gross negligence or willful misconduct) of the Operator, or one or more of its employees, agents or independent contractors, that occurred in the course of performing the Operator's functions, duties or obligations under this Agreement. The Parties shall also indemnify and keep indemnified and hold harmless the Operator from and against any and all such losses, expenses, claims, liabilities and damages for which it is not responsible. Where a loss is suffered or a liability is incurred by reason of the Operator's gross negligence or willful misconduct, the Operator shall indemnify the Parties in respect of such loss of liability. In no circumstances shall the Operator be liable to the Joint Venture or the Participants for any special or consequential damages.
b) Nothing contained in this Agreement shall constitute any Party as the partner of the other, nor, except as otherwise herein expressly provided, constitute either Party the agent or legal representative of the other, nor to create any fiduciary relationship between them. It is not the intention of the Parties to create, nor shall this Agreement be construed to create, any commercial or other partnership. Neither Party shall have any authority to act for or to assume any obligation or responsibility on behalf of the other Party except as otherwise expressly provided herein. The rights, duties, obligations and liabilities of the Parties shall be several and not joint or collective. Each Party shall be responsible only for its obligations as herein set out and shall be liable only for its share of the costs and expenses as provided herein, it being the express purpose and intention of the Parties any interests and rights acquired or otherwise held hereunder be as tenants in common. Each Party shall indemnify, defend and hold harmless the other Party, its directors, officers, employees, agents, representatives and attorneys from and against any and all losses, claims, damages and liabilities arising out of any act or any assumption of liability by the indemnifying Party, or any of its directors, officers, employees, agents, representatives and attorneys done or undertaken or apparently done or undertaken, on behalf of the other Party, except pursuant to the authority expressly granted herein or as otherwise agreed in writing between the Parties.
c) Each of the Parties hereto acknowledges and agrees that it has obtained, or has had the unfettered and unrestricted opportunity to obtain, independent legal advice in connection with this Agreement in its entirety, and that it has each entered into this Agreement with full knowledge of its contents freely and voluntarily, without duress or undue influence from any party.
d) Any benefits and technical knowledge gained from working on the KLP can be used by either Party to advance projects outside of the KLP.
e) Except as explicitly provided in this Agreement, each of the Parties shall have the free and unrestricted right independently to engage in and receive the full benefits of any and all business endeavours of any sort whatsoever whether or not competitive with the endeavours contemplated herein without consulting the other Party or inviting or allowing the other Party to participate therein. Neither Party shall be under any fiduciary or other duty to the other Party which shall prevent it from engaging in or enjoying the benefits of competing endeavours within the general scope of endeavours contemplated by this Agreement. The legal doctrine of "corporate opportunity" sometimes applied to persons engaged in a joint venture or having fiduciary status shall not apply in the case of a Party.

15. Miscellaneous Provisions:

a) Except as specifically provided in this Agreement, this is an option agreement only and, until the exercise of the Earn-In Option, nothing herein contained and no act done nor Project Expenditures made hereunder shall obligate DML to do any further act or acts or to make any further Project Expenditures, or any other expenditures, and in no event shall this Agreement or any act done or any Project Expenditure made be construed as an obligation of DML to do or perform any work or make any payments on or with respect to the KLP Assets.
b) Subject to, and working along with the KLP Lands, the Title Documents the other KLP Assets, the terms of this Agreement express and constitute the entire clear agreement amongst the Parties with respect to the KLP Assets. Except for the Title Documents governing the KLP Lands and the Confidentiality Agreement dated October 20, 2023, this Agreement supersedes and replaces all previous agreements, whether written or oral, memoranda or correspondence between the Parties with respect to the subject matter of this Agreement. In proportion to their respective or notional Working Interests in the KLP (as applicable) at any point in time of the process of this Agreement until the end of the Earn-In Period, the Parties shall be responsible for all exploration, operational, abandonment and environmental risks associated with the development of the KLP Lands.
c) The Parties hereto shall from time to time and at all times do all such further acts and execute and deliver all such further deeds and documents as shall be reasonably required in order fully to perform and carry out the terms of this Agreement.
d) Time shall be of the essence in this Agreement.
e) This Agreement will be terminated: (i) in accordance Clause 9(c); (ii) if the Effective Date has not occurred on or prior to January 31, 2024, subject to GLC's limited right to extend to April 30, 2024, (iii) upon conclusion of the Earn-In Period, and/or (iv) upon mutual agreement of the Parties. The following clauses shall survive the termination of this Agreement: 3(b), 3(d), 14 and 15(e).
f) This Agreement may be amended only by written instrument executed by all the Parties.
g) This Agreement shall enure to the benefit of and be binding upon the Parties hereto and their respective successors and permitted assigns.
h) The headings of the clauses of this Agreement, including Schedules A, B, C and D hereof, are inserted for convenience of reference only and shall not affect the meaning or construction thereof.
i) If any term or condition of this Agreement conflicts with a term of condition of the Title Documents governing the KLP Lands in such a manner as endangers the validity of such Title Documents, then such term or condition in the Title Documents shall prevail and this Agreement shall be deemed to be modified accordingly.
j) This Agreement shall be governed by, construed and enforced in accordance with the laws in effect in the Province of Saskatchewan. Each Party accepts the jurisdiction of the courts of the Province of Saskatchewan and all courts of appeal therefrom.

[Remainder of page intentionally left blank. Signature page follows.]

16. Counterpart Execution:

This Agreement may be executed in counterpart. All of those executed counterpart pages when taken together will constitute the Agreement.

Should the foregoing accurately reflect our agreement, please so indicate by signing and returning all of the copies of the counterpart execution page of this Agreement that have been provided to the attention of the writer.

Yours truly,

GROUNDED LITHIUM CORP.

___(Signed) "R. Gregg Smith"______ R. Gregg Smith

Agreed to this 15th day of January, 2024

DENISON MINES CORP.

President & CEO

____(Signed) "David Cates"________

David Cates President & CEO, Director

This is the Counterpart Execution Page attached to and forming part of the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

Schedule "A"

This is Schedule "A" attached to and forming part of Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

The Land Plat is attached here

Land Plat attached as Schedule "A" to the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

Appendix to Schedule "A" of the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp. that Outlines the Respective Lessor/Grantor Royalties and Other Royalties Encumbering the KLP Lands

A. Respective Lessor/Grantor Royalties Encumbering the Title Documents Governing the KLP Lands:

Crown Subsurface Permits: Saskatchewan Crown Permit to Explore For Subsurface Minerals Nos. SMP122, SMP123, SMP124, SMP125, SMP126, SMP127, SMP128, SMP129 and SMP226

Respective Lands – as described in the copies of the attached 9 Crown Subsurface Permits.

Royalties Payable to the Saskatchewan government – Crown lands are subject to payment of lessor royalties to the Saskatchewan government in accordance with the regulated royalty structures set by such government in respect to production obtained from the lands and rights under each related Crown title document.

PrairieSky Royalty Ltd. Brine Metallic and Industrial Minerals Work Permit dated March 10, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp. ("PrairieSky Permit"), including Amending Agreement dated May 18, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp. and Amending Agreement dated October 25, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp.

Respective Lands – as described in the copies of the attached PrairieSky Permit and the 2 related Amending Agreements.

Royalties Payable to PrairieSky – as outlined in the Brine Metallic and Industrial Minerals Lease Term Sheet attached as Schedule "B" of the PrairieSky Permit:

Redacted - commercially sensitive information.

Computershare Trust Company of Canada Brine Minerals Work Permit dated September 6, 2022 between Computershare Trust Company of Canada, New Trustee for Montreal Trust Company of Canada, as agent for National Trust Company Limited, successor to Victoria and Grey Trust Company, as per Court Order dated December 19, 2002 and Grounded Lithium Corp. ("Computershare Permit")

Respective Lands – as described in the copy of the attached Computershare Permit.

Royalties Payable to Computershare – as outlined in the Brine Minerals Lease Term Sheet attached as Schedule "B" of the Computershare Permit:

Redacted - commercially sensitive information.

Appendix to Schedule "A" of the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp. that Outlines the Respective Lessor/Grantor Royalties and Other Royalties Encumbering the KLP Lands

Private Freehold Subsurface Mineral Leases dated March 1, 2021: Six (6) Individual Freehold Subsurface Minerals Leases involving Amanda Deschner, Christina Deschner, Deborah Cooke, Roger Ricard, Laurie Swalm and Lorne Swalm, as individual lessors, and Grounded Lithium Corp., as lessee.

Respective Lands – as described in the copies of the attached 6 individual Subsurface Mineral Leases.

Royalties Payable to Each Respective Lessor – as outlined in Clause 5 (subclauses b and c) of each of the individual Subsurface Mineral Leases:

5(b) The Lessor Royalties payable to Lessor by Lessee under the Lease with respect to all Leased Substances produced from the Lands shall be a net royalty on actual sales revenue each month resulting from the sale of the Product produced from the Lands less operational costs and expenses associated with producing the Product. Pursuant to Clause 5(c) hereof, such net royalty will utilize a sliding scale concept where the percentage of net royalty payable each month will be dependent upon the concentration of the Product produced from the Lands, and therefore calculated as follows:

Product Concentration	Percentage of Net Royalty
> 75 mg/litre	10%
65 to 75 mg/litre	9%
55 to 64 mg/litre	8%
45 to 54 mg/litre	7%
35 to 44 mg/litre	6%
< 34 mg/litre	5%

5(c) The measurement of the concentration of Product required for the calculation of Lessor Royalties under Clause 5(b) hereof will occur on a quarterly basis at the Point of Measurement. Lessee must report the quarterly measurement data to Lessor immediately upon receiving the data. Lessor shall have the right to complete independent testing with supervision from Lessee's personnel.

The payment of royalties to the respective 6 lessors is subject to the Pooling Agreement dated March 1, 2021 amongst Grounded Lithium Corp., Deborah Cooke, Amanda Deschner, Christina Deschner, Roger Ricard, Laurie Swalm and Lorne Swalm ("Pooling Agreement"), which is also attached.

B. Other Royalties Encumbering the KLP Lands:

Royalty Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

Respective Lands – all of the lands and associated Leased Substances included in the KLP Lands.

Royalty Payable to Denison Mines Corp. from Grounded Lithium Corp. – subject to the terms of Article 3 of the subject Royalty Agreement, a gross overriding royalty of 5% based on 100% of the production of Leased Substances from all of the KLP Lands. Pursuant to Clause 3.2 of the subject Royalty Agreement, the 5% royalty percentage may be reduced to 2% in a certain case.

Crown Subsurface Permits: Saskatchewan Crown Permit to Explore For Subsurfa ce Minerals Nos. SMP122, SMP123, SMP124, SMP125, SMP126, SMP127, SMP12 8, SMP129 and SMP226.

Redacted – commercially sensitive information.

BRINE METALLIC AND INDUSTRIAL MINERALS WORK PERMIT

This Agreement is dated the 10th day of March, 2022

BETWEEN:

PRAIRIESKY ROYALTY LTD., a body corporate with an office in the City of Calgary, in the Province of Alberta ("PSK")

-and-

GROUNDED LITHIUM CORP., a body corporate with an office in the City of Calgary, in the Province of Alberta ("GLC")

WHEREAS PSK has agreed to grant permission to GLC to conduct geological work and exploration operations within, upon or under the Granted Lands for the exclusive purpose of exploring for Brine Deposits (collectively, the "Work").

AND WHEREAS GLC has the option to drill an Extension Well and/or pay an Extension Payment to extend the Work Permit Period subject to and in accordance with the terms and conditions of this Agreement.

NOW THEREFORE, in consideration of the premises hereto and the mutual covenants, agreements and other considerations contained in this Agreement, the Parties agree as follows:

1. DEFINITIONS

In this Agreement, including the recitals and the schedules, the defined terms contained in the Leases shall herein have the same meanings and any other terms will otherwise have the meanings defined elsewhere in this Agreement or as ascribed below:

(a) "Abandon" means the proper plugging and abandoning of a well in compliance with the Regulations and the restoration of the well sites to the satisfaction of any governmental body having jurisdiction with respect thereto and to the reasonable satisfaction of the owner or occupier of the surface;
(b) "Agreement" means this Brine Metallic and Industrial Minerals Work Permit and includes all Schedules attached hereto;
(c) "Annual Administration Fee" means the sum of payable annually before the anniversary date for any Granted Lands which are subject to this Agreement, and which for the first year of the Work Permit Period shall total Redacted: commercially sensitive information.
(d) "Brine Deposits" means subsurface natural mineral salts, dissolved in geological formation waters, including but not limited to boron, calcium, lithium, magnesium, potassium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds;

(e) "Charge" has the meaning given in Clause 3;
(f) "Commercial Operations" means continuous and diligent Production Operations (as defined in the Metallic and Industrial Minerals Lease Term Sheet attached as Schedule "B") and the associated sale of Brine Deposits produced from the Granted Lands;
(g) "Complete" means the installation in, on or with respect to a well of all such production casing, tubing and wellhead equipment and all such other equipment and material necessary for the permanent preparation of the well for the taking of Brine Deposits therefrom up to and including the outlet valve on the wellhead and includes, as necessary, perforating, stimulating, treating, fracing and swabbing the well and conducting such production tests as are reasonably required to establish the initial productivity of the well;

(h) "Contract Depth" means:

Redacted: commercially sensitive information.

(i) in the case of a vertical well, a minimum vertical depth sufficient to penetrate into the Duperow Formation, as necessary to

log and evaluate same, or

(ii) in the case of a Horizontal Well, a depth sufficient to penetrate and evaluate the Duperow Formation with a horizontal leg of which at least three hundred meters (300m) of the total length, measured from point of entry into that Formation at an inclination of at least 80 degrees from vertical and thereafter laterally along the same stratigraphic interval to termination point, is located on the Granted Lands within a Section;
(i) "Default" means, at the applicable time, being in breach of any term or condition of this Agreement or a Lease remaining subject hereto, including any failure to perform or satisfy a covenant, commitment or obligation, as or when required, and any other event deemed a default in Clause 9(a);
(j) "Devonian" means the geological subsurface rock strata interval measured from a depth of eight hundred and fifty-three meters (853.0m) to one thousand five hundred and thirty-eight point five meters (1538.5m) based on the Photo Density Dual Spaced Neutron Log of the 131/16-14-033-24W3/00 well;
(k) "Duperow Formation" means the geological subsurface rock strata interval measured from a depth of nine hundred and fourteen meters (914.0m) to one thousand one hundred and eighty-two point seven meters (1182.7m) TVD based on the Photo Density Dual Spaced Neutron Log of the 131/16-14-033-24W3/00 well;
(I) "Extended Term" means a period of that the initial Work Permit Period may be extended pursuant to Clause 6 or Clause 7;
(m) "Extension Notice" has the meaning ascribed in Clause 6;
(n) "Extension by Payment Notice" has the meaning ascribed in Clause 7

payable concurrently with the execution of this Agreement;

(o) "Extension Payment" means a non-refundable cash consideration of per net hectare payable on that portion of the Granted Lands selected pursuant to Clause 7, that would not otherwise be extended for the Extended Term pursuant to Clause 6, and which total amount will apply to extend the applicable Granted Lands for the Extended Term;
(p) "Extension Well" means any well drilled on the Lands that will qualify same for extension of the Work Permit Period in accordance with Clause 6;
(q) "Fee Lands" means all those lands set out in Schedule "A", to the extent of PSK's undivided registered or beneficial fee title mineral interests held under the Title Documents;
(r) "Granted Lands" means the Fee Lands identified as the Granted Lands in Schedule "A", to the extent only of Brine Deposits in the Devonian to which the terms of this Agreement apply;

(s) "Initial Consideration" means the sum of

, which shall be

(t) "Lease" or "Leases" means any lease subsequently issued by PSK to GLC for the Granted Land or any portion thereof, pursuant to Clause 8, which Leases will include the terms outlined in the Lease Term Sheet attached hereto as Schedule "B";
(u) "Parties" means the parties to this Agreement and "Party" means a party to this Agreement;

Redacted: commercially sensitive information.

Redacted: commercially sensitive information.

Redacted: commercially sensitive information.

(v) "Quarter Section" means a full surveyed quarter of a Section comprised of approximately 64.75 hectares or, if the Granted Lands do not comprise the full quarter or the entire undivided one hundred percent (100%) of the mineral interest, that number of net hectares as described in Schedule "A";
(w) "Recompletion" means to re-enter an existing wellbore to Complete the Duperow Formation for the recovery of Brine Deposits;
(x) "Section" means a full surveyed section of land comprised of approximately 259 hectares or, if the Granted Lands do not comprise the full section or the entire undivided one hundred percent (100%) of the mineral interest, that number of net hectares described in Schedule "A";
(y) "Title Document" means the documents of title (or any of them) under which PSK holds its fee simple mineral interest in and to the Granted Lands, including all amendments, renewals, extensions, replacements or continuations thereof;
(z) "Well Data Requirement Sheet" means the document named "Well Data Requirement Sheet"to be used by GLC in the form as found on PSK's website at the relevant time; and

(aa) "Work Permit Period" means the term of this Agreement, which for certainty expires on , subject to Clauses 6 and 7. Redacted: commercially sensitive information.

2. INTERPRETATION AND GENERAL PROVISIONS

The following schedules (each a "Schedule") are attached to and form part of this Agreement:

Schedule "A"	Fee Lands
Schedule "B"	Metallic and Industrial Minerals Lease Term Sheet

3. ENCUMBRANCES

If any interest of GLC derived from this Agreement becomes subject to any charge, security interest, royalty, overriding royalty, production payment or other charge of a similar nature (the "Charge", that Charge shall be charged to and paid entirely by GLC. In no event shall PSK, by virtue of any provision of this Agreement, ever be required to assume any part of that Charge and GLC shall, at all times, indemnify PSK from and against any losses, claims or damages suffered by PSK as a result of the Charge.

4. ISSUANCE OF WORK PERMIT

In consideration of, and provided that PSK is in receipt of, the payment of the non-refundable Initial Consideration, and the Annual Administration Fee for the first year of the Work Permit Period, both of which are to be paid concurrently with GLC's execution and delivery of this Agreement, PSK does hereby grant a work permit as further described in this Agreement to GLC for each Section of the Granted Lands for the Work Permit Period. GLC shall inform PSK of its intention to commence Work under this Agreement at least seven (7) days prior to the actual commencement of that Work. GLC shall inform PSK of the termination of the Work under this Agreement within seven (7) days following the actual termination of that Work.

5. INFORMATION

(a) GLC shall, with respect to all Work conducted on the Granted Lands:
(i) furnish to PSK the information specified in the Well Data Requirement Sheet, within the time period specified therein,
(ii) upon receiving a written request from PSK, promptly provide copies to PSK of all permits, licenses, certificates, approvals, authorizations, registrations, exemptions or other documents required for the valid performance of the Work under this Permit, and
(iii) provide copies to PSK of all reports filed with any federal, provincial or municipal government pursuant to the Work.
(b) All information required to be furnished by GLC to PSK shall, if reasonably requested by PSK, and provided they are in a format capable of being so certified, be certified by a professional engineer, professional geologist or professional geophysicist registered to practice as such in the Province of Alberta or Saskatchewan.
(c) Subject to Clause 17, any information received under Clause 5(a) becomes the property of PSK and may be used, dealt or traded or exchanged with third parties as it sees fit in its sole discretion; provided however, that PSK shall not disclose or dispose of any interest in and to such information to any person, firm, corporation or other entity known to be engaged in or involved with the exploration and/or extraction of Brine Deposits.

6. EXTENSION OF WORK PERMIT PERIOD - EXTENSION WELLS

Redacted: commercially sensitive information.

7. EXTENSION OF WORK PERMIT PERIOD - EXTENSION PAYMENT

Redacted: commercially sensitive information.

8. COMMENCEMENT OF COMMERCIAL OPERATIONS AND SELECTION OF GRANTED LANDS FOR LEASES

Immediately upon commencement of Commercial Operations on any of the Granted Lands, GLC shall submit a request to PSK to issue Lease(s) for those Granted Lands upon which Commercial Operations will be conducted; such Lease(s) to be in the form of PSK's then-current form of Brine Metallic and Industrial Minerals Lease which shall include the terms outlined in the Lease Term Sheet attached hereto as Schedule "B". For clarity, it is the intention of the Parties that GLC will proceed to Commercial Operations without undue delay as commercial facilities are constructed and commissioned, with respect to any wells drilled for that purpose on the Granted Lands.

9. DEFAULT AND TERMINATION OF AGREEMENT

(a) During the term of this Agreement, if GLC (i) is or becomes bankrupt or insolvent; (ii) becomes subject to the bankruptcy or insolvency laws of any jurisdiction in which it carries on business; (iii) appoints or has a third party appoint a receiver or custodian to take possession of its assets or announce its intention to do so; (iv) arranges with its creditors or applies to an administrator or court of competent jurisdiction for protection from its creditors; (v) permits any judgment to be registered against the Granted Lands and in respect of which GLC has not commenced actions within 30 days following notification of such judgement and continuously taken steps to have such judgement removed; or (vi) has demonstrated its inability to meet its financial obligations and has failed to observe or perform any material covenant, proviso, condition, restriction or stipulation contained in this Agreement and has not remedied such default within 30 days of receiving notice of same, then any such event shall be deemed a material Default under this Agreement without any further notice of any kind required from PSK to GLC, thereby (a) enabling PSK to terminate this Agreement immediately without any liability or obligation whatsoever to GLC; and (b) resulting in GLC being deemed to have forfeited and relinquished any further rights or options under this Agreement.
(b) The terms of this Agreement shall cease to apply to any of the Granted Lands, or with regard to any operations related thereto, for which a Lease has been issued from PSK to GLC. Nothing in this Clause, however, will relieve the Parties from any obligation or liability that accrued under this Agreement related to such Granted Lands prior to such Lease being fully executed.

10. ASSIGNMENT

GLC shall not be allowed to subcontract, assign or transfer any of its rights or obligations hereunder without PSK's written consent and thereafter subject to entering into PSK's form of assignment agreement for this Agreement. If the assignment is anything other than an undivided interest in all the Granted Lands under this Agreement, PSK may, at is sole discretion, withhold its consent to the segregation of the lands under this Agreement, in which case GLC would be required to hold such other party's assigned interest in trust. PSK may assign any of its rights or obligations hereunder, in whole or in part, to any person or entity at any time.

11. LIMITATIONS

The Parties expressly agree that the two (2) year period for seeking a remedial order under section 3(1)(a) of the Limitations Act (Alberta) R.S.A. 2000, c.L-12 for any claim (as defined in that Act) brought under, or arising out of this Agreement is extended to:

(a) for claims disclosed by an audit, two (2) years after the time this Agreement permitted that audit to be performed; or
(b) for all other claims, four (4) years;

whether or not the claimant was aware of the material facts which gave rise to the claim.

12. ADDRESS FOR NOTICE

(a) Any notice, consent, approval, determination or other communication to be given or sent to a Party pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been validly given or received for the purposes of this Agreement if delivered personally, mailed by registered or certified first-class mail (postage prepaid), or sent electronically as follows:

PrairieSky Royalty Ltd. #1700, 350 — 7 Ave. SW Calgary, AB T2P 3N9

P.O. Box 780, Stn M Calgary, AB T2P 2J6

Attention: Land Department Attention: Land Department

1200, 112 — 4th Ave Calgary, AB T2P 0H3

GROUNDED LITHIUM CORP.

(b) A Party may, at any time, change its address for the purpose of service by providing written notice to the other Party.
(c) Notices given by way of electronic means of communication shall be conclusively deemed to have been received on the date of their transmittal (if on a Business Day during normal business hours of the recipient and, if not, on the next Business Day). Notices delivered by hand or courier shall be conclusively deemed to have been received on the date of delivery.
(d) Any notice or other communication given by prepaid mail shall be deemed to have been given on the fifth (5th) Business Day following deposit in the mail.
(e) No Party shall mail any notice hereunder during any period in which U.S or Canadian postal workers are on strike or if any such strike is imminent and may be anticipated to affect normal delivery thereof.

13. CONFLICTS

(a) If there is a conflict between any provision of this Agreement and the Regulations or Title Documents, the Regulations or Title Documents, as the case may be, shall govern, except this Agreement shall govern the relationship of the Parties with respect to the allocation of responsibility for losses to the extent provided for in this Agreement.
(b) If any provision of this Agreement conflicts with any provision in an exhibit or schedule attached to this Agreement (other than any Title Document), the provision of this Agreement shall prevail.
(c) If there is a conflict as provided for in Clause 13(a) or 13(b), this Agreement (excluding Title Documents) shall be modified accordingly to the extent necessary to resolve such conflict, and this Agreement, as so modified, shall continue in full force and effect.

14. CONDUCTING WORK

(a) The rights of GLC under this Agreement are subject to the rights of any holder of a petroleum, natural gas or oil sands lease presently or hereafter granted by PSK to carry out operations in respect of any zone or formation within and under the Fee Lands and nothing contained in this Agreement shall in any manner restrict the right of PSK to issue, continue or renew any such petroleum, natural gas or oil sands lease. For certainty, in the event GLC encounters any substance other than Brine Deposits, it must immediately inform PSK and, if the rights to those substance(s) are available, it must first negotiate and obtain a lease from PSK for such rights prior to producing those substance(s).
(b) GLC shall carry out the Work in a diligent, careful and workmanlike manner using the industry accepted practice in accordance with good environmental and mining practices in Canada and including:
(i) conducting all of its Work in accordance with any statute, law, bylaw, rule, regulation, policy, order, information letter, interim directive, general bulletin, guideline, notice requirements or other legislation of any kind in effect at any time and made by governments or governmental agencies having jurisdiction over the Work, or the Granted Lands and any environmental requirements or other operations incidental to the foregoing, including any judicial or administrative order, written request, consent decree or judgment or any provision or condition of any permit, licence, approval or other operating authorization (collectively, the "Regulations");
(ii) obtaining, at its own expense, the right to enter upon the surface of any lands to conduct Work and where the right to enter ceases leaving the surface in good condition and in accordance with the Regulations;
(iii) not interfering with PSK's any of PSK's lessees in their pursuit to explore for, win, take or remove any mineral rights related to the Fee Lands, and if there is a conflict with GLC's pursuit of its rights to explore and extract Brine Deposits and PSK's, or any of its lessees', pursuit of its rights to explore for, win, take or remove any such mineral rights, then PSK's rights are paramount to GLC's rights. PSK shall evaluate in a fair and equitable manner to judge both the harm and benefit to PSK and all lessee parties;
(iv) at GLC's sole cost and expense, keeping the Fee Lands free of liens and free of encumbrances that may be associated with the Work; and
(v) taking all reasonable steps to prevent the escape or release of any oil, gas, water or any other substance during the conduct of the Work that may cause an adverse impact upon the Fee Lands or the environment.
(c) Before the Work is commenced GLC shall obtain any license, permit or other authority that is required under the Regulations. Upon request by PSK, GLC will provide PSK with a copy of any such permits, licences, orders or approvals.

15. INSURANCE

Throughout the Work Permit Period, GLC shall hold, with a reputable insurance company or companies, and thereafter maintain or cause to be maintained, a comprehensive portfolio of insurance as would reasonably be expected to be held by a reputable company drilling for and processing lithium from Brine Deposits operating in Canada, including, as a minimum, those coverages required pursuant to Regulations. PSK may at any time request from GLC proof of coverage.

16. INDEMNITIES

(a) GLC shall:
(i) be liable to PSK and its representatives; and
(ii) as a separate and independent covenant, indemnify PSK and its representatives,

for all losses, costs, expenses, damages, demands, claims, actions, inquiries, legal or administrative proceedings, investigations or appeals therefrom, including, without limitation, any relating to environmental liability, environmental damage, surface use or non-compliance with or the breach of Regulations, that may be brought against or suffered by PSK or its representatives or that they may sustain, pay or incur, including the reasonable cost of legal counsel (on a solicitor and client basis) and other professional advisors and consultants and reasonable costs of investigating and defending claims, whether during the Work Permit Period or following the termination, surrender or expiration of this Agreement, by reason of any matter or thing arising out of or in any way attributable to the Work or any other activities or actions carried out by GLC and its representatives within, upon or under the Lands or any lands that are used to gain access to the Lands.

(b) The liability or indemnification provided for in Clause 16(a) shall specifically cover costs incurred in connection with any investigation of site conditions, or any clean-up, remedial, removal or restoration work required by any federal, provincial or local governmental agency in accordance with the Regulations.
(c) Article 16 shall survive the termination or expiration of this Agreement.

17. CONFIDENTIALITY

No Party shall release or disclose any information concerning this Agreement and the transactions provided for in this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld. In order to obtain the consent of the other Party, a Party wishing to release or disclose information shall provide the other Party with a copy of any draft releases or disclosures at least three (3) business days prior to release or disclosure. Notwithstanding the foregoing, nothing contained in this Agreement shall prevent a Party, at any time, from furnishing information to any governmental agency or regulatory authority or to the public if required by applicable laws, provided that the Parties shall advise each other in advance of any public statement which they propose to make and enable each other to seek a protective order or other appropriate remedy regarding such disclosure. In any event, only that portion of the information which is legally required shall be furnished by a Party, and, further, the Parties shall exercise their commercial efforts to obtain confidential treatment for such information prior to any disclosure thereof.

18. CHANGE IN LAWS

In anticipation of the adoption, enactment, promulgation, modifications, revocation or amendment of Regulations or market rules which affect the exploration, extraction, production and sale of Brine Deposits, and which are likely to have an impact on the terms of this Agreement and subsequent Leases issued by PSK to GLC (a "Change in Law"), the Parties agree to amend the terms of this Agreement to bring same in line with prevailing Regulations. Each of the Parties agree to act in good faith and in accordance with the applicable Regulations in respect of any Change in Law.

19. MISCELLANEOUS

(a) Unless otherwise stated or the context otherwise requires, in this Agreement:

(i) the terms "in writing" or "written" include hand or type written, electronically printed or transmitted by email or fax;
(ii) when the context reasonably permits, words importing the singular shall be construed to suggest the plural and vice versa, and words importing gender or gender neutrality shall be construed to suggest the masculine, feminine and neutral genders;
(iii) if a term is defined in this Agreement, a derivative of that term used in this Agreement shall have a corresponding meaning;
(iv) the terms "herein", "hereby", "hereof", "hereunder", "hereto" and similar expressions mean or refer to this Agreement and not to any particular provision of this Agreement;
(v) "including" and "includes" or similar words when followed by any general statement, term or matter, shall mean "including without limitation" and "includes without limitation" and such particular listed words that follow shall not be interpreted so as to be an exhaustive list but rather such references shall be construed to refer to all items that could reasonably fall within the broadest possible scope of such general statement, term or matter;
(vi) the division of this Agreement into articles, sections, subsections, clauses, subclauses, paragraphs or other sub-divisions and the insertion of headings for any of the foregoing or the use of a table of contents, as applicable, are solely for convenience of reference and are not intended to be full or accurate descriptions of the contents hereof and shall not affect the construction or interpretation of this Agreement;
(vii) reference to an article, section, subsection, clause, subclause, paragraph, schedule or appendix, whether or not capitalized or followed by a number or letter or combination thereof, refers to the applicable article, section, subsection, clause, subclause, paragraph, schedule or appendix of or to this Agreement, unless otherwise specifically stated;
(viii) reference to any person or Party includes such person's or Party's permitted successors and assignees;
(ix) reference to any person or Party in a particular capacity is and is deemed to be a reference to that person or Party in that capacity and not in any other capacity;
(x) reference to any other contract, agreement, document or instrument is a reference to such contract, agreement, document or instrument in effect at the applicable time as amended, supplemented, replaced or otherwise varied or modified, in whole or in part, from time to time;
(xi) reference to any Regulations or any reference to a section or provision thereof or to any government consent, approval, permit or other authorization, means such as is in effect at the applicable time as amended, supplemented, codified, replaced, restated, re-enacted or otherwise varied or modified, in whole or in part, from time to time;
(xii) terms and expressions that are not specifically defined in this Agreement, but which have generally accepted meanings in the custom and usage of the petroleum and natural gas industry in Western Canada as of the date of this Agreement, shall have such generally accepted meanings when used in this Agreement unless the contrary is specified or provided for elsewhere in this Agreement;
(xiii) unless otherwise indicated, reference to a particular time refers to Mountain Standard Time or Mountain Daylight Savings Time during the respective periods in

which each is in force in Alberta and reference to a date means that day occurring during such same time zone as is in force in Alberta;

(xiv) unless otherwise specified herein, or as the context may require, computation of any period of time referred to in this Agreement shall exclude the first day and include the last day of such period;
(xv) reference to "dollars", or the use of the symbol "\$", means the lawful currency of Canada unless the contrary is specified or provided for elsewhere in this Agreement;
(xvi) for the purposes of this Agreement a business day means any day other than a Saturday, Sunday or statutory holiday in the Province of Alberta, Canada;
(xvii) where any payment is to be calculated or made, or an action is to be taken or notice is to be given on or as of a day that is not a business day, then unless otherwise provided herein, such payment is to be made or calculated, or that action is to be taken or the notice is to be given, as applicable, on or as of the next following business day; and
(xviii) the rule of contractual interpretation known as "contra proferentem" shall not apply to the interpretation or construction of this Agreement, such that it shall be irrelevant which Party drafted any particular provision hereof and any interpretation of the terms of this Agreement shall not be construed against the Party who reduced to writing the terms of this Agreement arrived at jointly by the Parties.
(b) Each Party covenants that it has good right, full power and authority to enter into this Agreement.
(c) The relationship of the Parties under this Agreement is limited to the matters specifically identified herein and, except as otherwise provided herein, the Parties hereby expressly disclaim any intention to create a partnership, trust or other fiduciary relationship or to constitute any Party as the agent, fiduciary or trustee of any other Party. GLC is independently conducting and directing its Work on behalf of itself or through its contractors, subcontractors, employees, advisers, invitees officers and directors or any of its third Party joint ventures or partners.
(d) If GLC fails to observe or perform or is in breach of any covenant, proviso, condition, restriction or stipulation in this Agreement, without in any way restricting any other rights and remedies which PSK may have under this Agreement or at law or in equity, PSK may give written notice to GLC requiring GLC to remedy such default; and, if GLC fails to remedy such default within a period of thirty (30) days from the receipt of such notice, this Agreement will terminate.
(e) No waiver on behalf of either Party to this Agreement of any breach of any covenant, condition, or proviso of this Agreement shall take effect or be binding unless the same be expressed in writing and delivered to the Party which is in breach. No reference to or exercise of any specific right or remedy by a Party under this Agreement shall prejudice or preclude that Party from exercising or invoking any other right or remedy in respect thereof, whether allowed at law or in equity or expressly provided for in this Agreement. No remedy shall be exclusive or dependent upon any other remedy and each Party may exercise any one or more remedy independently or in combination. No waiver of any particular provision, breach or default of this Agreement shall be deemed or constitute a continuing waiver of same or a waiver of any other provision, condition or requirement of this Agreement (whether or not similar), nor in any manner release a Party from performance of any other provision, condition or requirement herein and shall not limit or affect a Party's rights with respect to enforcement of any other right or remedy of any other future default or breach unless otherwise expressly provided. Any delay in exercising or failure to exercise any right, remedy, power or privilege hereunder by a Party shall not operate as a waiver thereof

nor impair the exercise of any such right, remedy, power or privilege or any other right, remedy, power or privilege accruing to that Party thereafter.

(f) This Agreement shall, in all respects, be subject to, interpreted, construed and enforced in accordance with and under the laws of the Province of Alberta and applicable laws of Canada and shall, in all respects, be treated as a contract made in the Province of Alberta. The Parties irrevocably attorn and submit to the exclusive jurisdiction of the courts of the Province of Alberta and courts of appeal therefrom in respect of all matters arising out of or in connection with this Agreement.
Time shall in all respects be of the essence in this Agreement.
Each Party, with notice to the other Party and without further consideration, may request the other Party perform further acts and execute further deeds and documents as is reasonably required in order to perform and carry out the terms of this Agreement.
GLC shall pay to PSK interest at the prime commercial lending rate of interest charged by The Royal Bank of Canada at their main branch in Calgary, Alberta to its most credit worthy customers plus two percent (2%) per annum on all monies overdue under the terms of this Agreement.
The provisions contained in any and all documents and agreements collateral to this Agreement shall at all times be read subject to the provisions of this Agreement and, in the event of conflict, the provisions of this Agreement shall prevail.
If any provision of this Agreement is determined to be invalid, illegal or unenforceable in any respect pursuant to the Regulations, the remainder of this Agreement, or the application of the provisions of this Agreement to persons, Parties or circumstances other than those to which it is held invalid, illegal or unenforceable, will not be affected or impaired thereby.
This Agreement shall not be varied in its terms or amended by oral agreement or by representations or otherwise other than by an instrument in writing dated subsequent to the execution and delivery of this Agreement, executed by a duly authorized representative of each Party.
This Agreement shall enure to the benefit of and be binding upon the Parties, their successors by name change, merger or amalgamation and their permitted assigns only and shall not be construed to create beneficiary rights in any other person.
The expiry, surrender or termination of this Agreement will not discharge or release any Party from any of its liabilities or obligations accrued at the time of such expiry or termination (including a breach) or from any of its liabilities or obligations that expressly continue beyond or arise out of such expiry or termination of this Agreement.
(o) Except for information which is available to the public from any governmental authority, PSK, if requested by GLC, shall treat as confidential all or any part of the information furnished, given or delivered to, or received by PSK pursuant to the Agreement, which for certainty excludes any information that becomes the property of the PSK, but this clause shall not prevent PSK from divulging any information to an affiliate of PSK provided that PSK shall require that the affiliate maintain the confidential status of the information and the affiliate shall be deemed to have accepted this obligation.

20. ENTIRE SUPERSEDING AGREEMENT

In connection with the matters dealt with herein, this Agreement expresses and constitutes the entire agreement of the Parties and supersedes all prior agreements, documents, covenants, arrangements, statements, representations or warranties, negotiations and understandings, whether written or otherwise, by or between the Parties with respect to the subject matter hereof.

21. COUNTERPART EXECUTION

This Agreement may be executed in counterpart and all executed pages taken together will constitute one and the same agreement provided that a complete set of original and/or digital execution pages shall be subsequently provided to the other Party by any Party using counterparts within a reasonable amount of time thereafter.

IN WITNESS WHEREOF duly authorized representatives of each of the Parties have executed this Agreement on the date first set out above.

PRAIRIESKY ROYALTY LTD.	GROUNDED LITHIUM CORP.
"signed"	"signed"
Per:	Per:
Name:	R. Gregg Smith
Cameron Proctor	Name:
Title:	Title:
Chief Operating Officer	President & CEO

This is an execution page to that BRINE METALLIC AND INDUSTRIAL MINERALS WORK PERMIT, dated the 10th of March, 2022 between PRAIRIESKY ROYALTY LTD. and GROUNDED LITHIUM CORP..

Responsibility	Irskirls
Landman
Legal *
Manager, Land Admin
Technical

Schedule A to a Brine Metalic and Industrial Minerals Work Permit dated the 10th day of March, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp.

FEE LANDS

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213688	147695103	T 29 R 17 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	159.34	64.483	PRAIRIESKY ROYALTY LTD.
T221763	147691648	T 29 R 17 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	159.76	64.653	PRAIRIESKY ROYALTY LTD.
T213689	147567820	T 29 R 17 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.87	65.102	PRAIRIESKY ROYALTY LTD.
T221769	147639280	T 29 R 17 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T221767	147548492	T 29 R 17 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	161.01	65.159	PRAIRIESKY ROYALTY LTD.
T221768	147564221	T 29 R 17 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
T213690	147694854	T 29 R 17 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	159.37	64.495	PRAIRIESKY ROYALTY LTD.
T221770	147694034	T 29 R 17 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	159.5	64.548	PRAIRIESKY ROYALTY LTD.
T221772	147703046	T 29 R 17 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	159.1	64.386	PRAIRIESKY ROYALTY LTD.
T221771	147697172	T 29 R 17 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	159.13	64.398	PRAIRIESKY ROYALTY LTD.
T219128	147770578	T 29 R 17 W3M PTN NE 21 All Mines and Minerals Excluding All POTASH	100%	4.76	1.926	PRAIRIESKY ROYALTY LTD.
T219129	147753366	T 29 R 17 W3M PTN SE 21 All Mines and Minerals Excluding All POTASH	100%	2.83	1.145	PRAIRIESKY ROYALTY LTD.
T213692	147737560	T 29 R 18 W3M PTN LSD 15, 16 SEC 7 All Mines and Minerals Excluding All POTASH	100%	27.54	11.145	PRAIRIESKY ROYALTY LTD.
T221777	147707523	T 29 R 18 W3M PTN NW 7 All Mines and Minerals Excluding All POTASH	100%	106.21	42.982	PRAIRIESKY ROYALTY LTD.
T213693	147710527	T 29 R 18 W3M PTN SE 17 All Mines and Minerals Excluding All POTASH	100%	86.59	35.042	PRAIRIESKY ROYALTY LTD.
T221780	147743354	T 29 R 18 W3M PTN SE 17 All Mines and Minerals Excluding All POTASH	100%	67.34	27.252	PRAIRIESKY ROYALTY LTD.
T221781	147707219	T 29 R 18 W3M PTN SW 17 All Mines and Minerals Excluding All POTASH	100%	118.61	48	PRAIRIESKY ROYALTY LTD.
T221782	147736389	T 29 R 18 W3M PTN LSD 3, 4 SEC 17 All Mines and Minerals Excluding All POTASH	100%	35.17	14.233	PRAIRIESKY ROYALTY LTD.
T213694	147603955	T 29 R 18 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T221785	147597182	T 29 R 18 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T221783	147713935	T 29 R 18 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.12	64.394	PRAIRIESKY ROYALTY LTD.
T221784	147678744	T 29 R 18 W3M SW 25 All Mines and Minerals	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.

Excluding All POTASH

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213695	147683582	T 29 R 19 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.78	64.661	PRAIRIESKY ROYALTY LTD.
T221786	147669957	T 29 R 19 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.26	64.855	PRAIRIESKY ROYALTY LTD.
T221788	147609153	T 29 R 19 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T221787	147609300	T 29 R 19 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.38	64.904	PRAIRIESKY ROYALTY LTD.
T213696	147685371	T 29 R 19 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	159.68	64.621	PRAIRIESKY ROYALTY LTD.
T221791	147676090	T 29 R 19 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T221790	147755212	T 29 R 19 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.72	64.637	PRAIRIESKY ROYALTY LTD.
T221789	147664211	T 29 R 19 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T213697	147684538	T 29 R 19 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.74	64.645	PRAIRIESKY ROYALTY LTD.
T221800	147691839	T 29 R 19 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.73	64.641	PRAIRIESKY ROYALTY LTD.
T221798	147691558	T 29 R 19 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.76	64.653	PRAIRIESKY ROYALTY LTD.
T221799	147596383	T 29 R 19 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T213698	147661016	T 29 R 19 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.26	64.855	PRAIRIESKY ROYALTY LTD.
T221801	147601302	T 29 R 19 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T214064	147695181	T 30 R 19 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.33	64.479	PRAIRIESKY ROYALTY LTD.
T214065	147694832	T 30 R 19 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.41	64.511	PRAIRIESKY ROYALTY LTD.
T214066	147695383	T 30 R 19 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.45	64.527	PRAIRIESKY ROYALTY LTD.
T214067	147658652	T 30 R 19 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T213932	147692942	T 28 R 20 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.64	64.604	PRAIRIESKY ROYALTY LTD.
T215850	147564816	T 28 R 20 W3M NE 31	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T220337	147564018	T 28 R 20 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
T220336	147650845	T 28 R 20 W3M SE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T220332	147672153	T 28 R 20 W3M SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213933	147656278	T 28 R 20 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T228300	147735322	T 28 R 20 W3M PTN SE 35 All Mines and Minerals Excluding All POTASH	100%	46.94	18.996	PRAIRIESKY ROYALTY LTD.
T228301	147761624	T 28 R 20 W3M PTN SE 35 All Mines and Minerals Excluding All POTASH	100%	6.45	2.61	PRAIRIESKY ROYALTY LTD.
T213935	147707848	T 28 R 20 W3M PTN SE 35 All Mines and Minerals Excluding All POTASH	100%	107.29	43.419	PRAIRIESKY ROYALTY LTD.
T222045	147822475	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222046	147748562	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222047	147748573	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222048	147748539	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222049	147748540	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222050	147635725	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222051	147636186	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222052	147629346	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222053	147629368	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222054	147629380	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222055	147634678	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222056	147634768	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222057	147634814	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222058	147748551	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222059	147636164	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222060	147636209	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222061	147636221	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222062	147636243	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222063	147636254	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222064	147636298	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222065	147636333	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222066	147636388	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222067	147629357	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222068	147629379	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222069	147629403	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222070	147629414	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222071	147629425	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222072	147629436	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222073	147629458	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222074	147634702	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222075	147634757	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222076	147634803	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222077	147634869	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222078	147634858	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222079	147634870	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222080	147634915	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222081	147629537	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222082	147629548	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222083	147629559	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222084	147629582	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222085	147629616	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222086	147629650	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222087	147629694	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222088	147633802	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222089	147633958	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222090	147633970	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222099	147737302	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222101	147737346	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222102	147737379	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222103	147629560	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222104	147629605	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222105	147629627	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222106	147633790	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222107	147633813	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222108	147633824	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222110	147633835	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222111	147633846	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222112	147633969	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222113	147633981	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222114	147737414	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222115	147748595	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222116	147748607	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222117	147748618	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222118	147748629	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222119	147748630	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222120	147748652	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222121	147748674	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222122	147748977	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222123	147749013	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222124	147749440	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222129	147749462	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222130	147749552	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222131	147749563	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222132	147749901	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222133	147749912	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222134	147749923	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222135	147749934	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222136	147749945	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222137	147749956	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222138	147748584	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222139	147748999	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222140	147749024	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222141	147749046	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222142	147749057	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222143	147749068	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222144	147749080	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222145	147749103	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222146	147749114	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222147	147749035	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222148	147748988	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222149	147749079	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222150	147749125	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222151	147749147	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222152	147749158	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222153	147749169	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222154	147749967	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222155	147749978	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222156	147749989	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222157	147749990	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222158	147749170	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222159	147749204	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222160	147749237	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222161	147633857	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222162	147633868	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222163	147633879	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222164	147633880	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222165	147633891	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222166	147633903	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222167	147633914	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222168	147630944	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222169	147630955	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222170	147630966	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222171	147630977	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222172	147630988	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222173	147631002	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222174	147631013	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222175	147631024	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222176	147631046	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222177	147631057	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222178	147633925	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222179	147633936	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222180	147633947	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222181	147749181	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222182	147749192	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222183	147749215	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222184	147749226	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222185	147749248	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222186	147749260	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222187	147749271	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222188	147749282	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222189	147749293	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222190	147749305	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222191	147749316	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222192	147749338	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222193	147749406	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222194	147749428	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222195	147749439	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222196	147749451	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222197	147749473	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222198	147749484	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222199	147749495	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222200	147749518	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222201	147749327	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222202	147749350	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222203	147749361	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222204	147749383	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222205	147749394	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222206	147749417	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.126	0.051	PRAIRIESKY ROYALTY LTD.
T222435	150817125	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All Coal	50%	5.315	2.151	PRAIRIESKY ROYALTY LTD.
T222436	143803683	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All Coal	100%	31.832		12.882 CANADIAN NATIONAL REALTIES LIMITED
T222437	143803694	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All Coal	100%	0.69		0.279 CANADIAN NATIONAL REALTIES LIMITED
T228267	148737279	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	2.9	1.174	PRAIRIESKY ROYALTY LTD.
T228268	148737280	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	3.06	1.238	PRAIRIESKY ROYALTY LTD.
T228290	147752792	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	2.9	1.174	PRAIRIESKY ROYALTY LTD.
T219130	147754345	T 29 R 20 W3M PTN LSD 10 SEC 5 All Mines and Minerals Excluding All POTASH	100%	2.65	1.072	PRAIRIESKY ROYALTY LTD.
T219131	147749732	T 29 R 20 W3M PTN NW 5 All Mines and Minerals Excluding All POTASH	100%	6.94	2.809	PRAIRIESKY ROYALTY LTD.
T219132	147752556	T 29 R 20 W3M PTN LSD 7, 8 SEC 5 All Mines and Minerals Excluding All POTASH	100%	4.29	1.736	PRAIRIESKY ROYALTY LTD.
T219133	147770545	T 29 R 20 W3M PTN SE 7 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	4.77	1.93	PRAIRIESKY ROYALTY LTD.
T219134	147631631	T 29 R 20 W3M PTN SW 7 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	6.79	2.748	PRAIRIESKY ROYALTY LTD.
T213699	147662972	T 29 R 20 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T221804	147595393	T 29 R 20 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T221802	147659013	T 29 R 20 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T221803	147642150	T 29 R 20 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.65	65.013	PRAIRIESKY ROYALTY LTD.
T213700	147609423	T 29 R 20 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221806	147573287	T 29 R 20 W3M NW 33 All Mines and Minerals	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T221807	147692986	Excludina All POTASH T 29 R 20 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	159.59	64.584	PRAIRIESKY ROYALTY LTD.
T221805	147691378	T 29 R 20 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	159.77	64.657	PRAIRIESKY ROYALTY LTD.
T213701	147659798	T 29 R 20 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T221810	147653231	T 29 R 20 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T221809	147595810	T 29 R 20 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T221808	147650902	T 29 R 20 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214068	147658685	T 30 R 20 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.37	64.9	PRAIRIESKY ROYALTY LTD.
T214069	147660217	T 30 R 20 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T214070	147609445	T 30 R 20 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T214071	147672142	T 30 R 20 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T214072	147686721	T 30 R 20 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	159.62	64.596	PRAIRIESKY ROYALTY LTD.
T214073	147696216	T 30 R 20 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	159.24	64.442	PRAIRIESKY ROYALTY LTD.
T214074	147672704	T 30 R 20 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T214075	147695709	T 30 R 20 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	159.48	64.54	PRAIRIESKY ROYALTY LTD.
T214259	147604057	T 30 R 20 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T214260	147599005	T 30 R 20 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.17	64.819	PRAIRIESKY ROYALTY LTD.
T214261	147601627	T 30 R 20 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.05	64.77	PRAIRIESKY ROYALTY LTD.
T214262	147596091	T 30 R 20 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T214263	147676966	T 30 R 20 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.9	64.71	PRAIRIESKY ROYALTY LTD.
T214264	147596800	T 30 R 20 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.37	64.9	PRAIRIESKY ROYALTY LTD.
T214265	147665380	T 30 R 20 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160	64.75	PRAIRIESKY ROYALTY LTD.
T214266	147609940	T 30 R 20 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T214267	147674683	T 30 R 20 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214268	147742566	T 30 R 20 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	159.23	64.438	PRAIRIESKY ROYALTY LTD.
T214269	147645726	T 30 R 20 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T214270	147675954	T 30 R 20 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	159.92	64.718	PRAIRIESKY ROYALTY LTD.
T214271	147665289	T 30 R 20 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T214272	147684460	T 30 R 20 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.75	64.649	PRAIRIESKY ROYALTY LTD.
T214273	147672591	T 30 R 20 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T214274	147683571	T 30 R 20 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.78	64.661	PRAIRIESKY ROYALTY LTD.
T214275	147672489	T 30 R 20 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T214276	147670656	T 30 R 20 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T214277	147674616	T 30 R 20 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T214278	147709200	T 30 R 20 W3M PTN SW 15 All Mines and Minerals Excluding All POTASH	100%	148.38	60.048	PRAIRIESKY ROYALTY LTD.
T225472	147801573	T 30 R 20 W3M PTN SW 15 All Mines and Minerals Excluding All POTASH	100%	0.77	0.312	PRAIRIESKY ROYALTY LTD.
T214279	147610166	T 30 R 20 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T214280	147598026	T 30 R 20 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T214281	147663850	T 30 R 20 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.08	64.782	PRAIRIESKY ROYALTY LTD.
T214282	147600424	T 30 R 20 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.33	64.884	PRAIRIESKY ROYALTY LTD.
T214283	147673334	T 30 R 20 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T214284	147599814	T 30 R 20 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.17	64.819	PRAIRIESKY ROYALTY LTD.
T214285	147677800	T 30 R 20 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	159.92	64.718	PRAIRIESKY ROYALTY LTD.
T214286	147661218	T 30 R 20 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T214289	147703833	T 30 R 20 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	159.14	64.402	PRAIRIESKY ROYALTY LTD.
T214290	147736187	T 30 R 20 W3M PTN NW 21 All Mines and Minerals Excluding All POTASH	100%	37.9	15.338	PRAIRIESKY ROYALTY LTD.
T225474	147785204	T 30 R 20 W3M PTN NW 21 All Mines and Minerals Excluding All POTASH	100%	9.91	4.01	PRAIRIESKY ROYALTY LTD.
T225475	147810405	T 30 R 20 W3M PTN NW 21 All Mines and Minerals Excluding All POTASH	100%	17.72	7.171	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214287	147706151	T 30 R 20 W3M PTN SE 21 (WATER EXCEPTION, ) All Mines and Minerals Excluding All POTASH	100%	157.48	63.73	PRAIRIESKY ROYALTY LTD.
T214288	147706780	T 30 R 20 W3M PTN SW 21 All Mines and Minerals Excluding All POTASH	100%	147.09	59.525	PRAIRIESKY ROYALTY LTD.
T225473	147803339	T 30 R 20 W3M PTN SW 21 All Mines and Minerals Excluding All POTASH	100%	0.15	0.061	PRAIRIESKY ROYALTY LTD.
T221664	147706791	T 30 R 20 W3M NE 31	100%	150.3	60.825	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T221665	147661746	T 30 R 20 W3M SE 31	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T214086	147651295	T 30 R 20 W3M SW 31	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T222264	147733634	T 31 R 20 W3M LSD 1 & 2 SEC 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLT	100%	74.21	30.032	PRAIRIESKY ROYALTY LTD.
		FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,
T222263	147716994	T 31 R 20 W3M LSD 11 & 12 SEC 3	100%	80.36	32.521	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T222262	147741273	T 31 R 20 W3M LSD 13 & 14 SEC 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLI FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.39	32.533	PRAIRIESKY ROYALTY LTD.
T214605	147716950	T 31 R 20 W3M LSD 15 & 16 SEC 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLI FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.37	32.525	PRAIRIESKY ROYALTY LTD.
T222266	147733566	T 31 R 20 W3M LSD 7 & 8 SEC 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	74.23	30.04	PRAIRIESKY ROYALTY LTD.
T222265	147714576	T 31 R 20 W3M LSD 9 & 10 SEC 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.35	32.517	PRAIRIESKY ROYALTY LTD.
T214604	147709097	T 31 R 20 W3M SW 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLT FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	148.58	60.128	PRAIRIESKY ROYALTY LTD.
T214607	147724140	T 31 R 20 W3M LSD 1 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.22	16.277	PRAIRIESKY ROYALTY LTD.
T214606	147716882	T 31 R 20 W3M LSD 11 & 12 SEC 13 Mines and Minerals Below Top MANNVILLE Excluding POTASH Below Top MANNVILLE TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL	100%	80.45	32.557	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222267	147715533	T 31 R 20 W3M LSD 13 & 14 SEC 13 All Mines and Minerals Excluding All POTASH	100%	80.44	32.553	PRAIRIESKY ROYALTY LTD.
T222268	147715612	T 31 R 20 W3M LSD 15 & 16 SEC 13 All Mines and Minerals Excluding All POTASH	100%	80.44	32.553	PRAIRIESKY ROYALTY LTD.
T222270	147735591	T 31 R 20 W3M LSD 2 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.21	16.272	PRAIRIESKY ROYALTY LTD.
T214608	147716804	T 31 R 20 W3M LSD 3 & 4 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.37	32.525	PRAIRIESKY ROYALTY LTD.
T222271	147724285	T 31 R 20 W3M LSD 5 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.17	16.256	PRAIRIESKY ROYALTY LTD.
T222272	147735838	T 31 R 20 W3M LSD 6 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.18	16.26	PRAIRIESKY ROYALTY LTD.
T222273	147715702	T 31 R 20 W3M LSD 7 & 8 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.42	32.545	PRAIRIESKY ROYALTY LTD.
T222269	147716792	T 31 R 20 W3M LSD 9 & 10 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.45	32.557	PRAIRIESKY ROYALTY LTD.
T214609	147603382	T 31 R 20 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T222275	147716129	T 31 R 20 W3M LSD 1 & 2 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.62	32.626	PRAIRIESKY ROYALTY LTD.
T222277	147739281	T 31 R 20 W3M LSD 10 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.31	16.313	PRAIRIESKY ROYALTY LTD.
T222278	147725185	T 31 R 20 W3M LSD 11 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.38	16.341	PRAIRIESKY ROYALTY LTD.
T222279	147725286	T 31 R 20 W3M LSD 12 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.37	16.337	PRAIRIESKY ROYALTY LTD.
T222280	147725208	T 31 R 20 W3M LSD 13 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.38	16.341	PRAIRIESKY ROYALTY LTD.
T222281	147725152	T 31 R 20 W3M LSD 14 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.39	16.345	PRAIRIESKY ROYALTY LTD.
T222282	147739056	T 31 R 20 W3M LSD 15 & 16 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.54	32.594	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222276	147717704	T 31 R 20 W3M LSD 3 & 4 SEC 19	100%	80.67	32.646	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T214611	147717265	T 31 R 20 W3M LSD 5 & 6 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.69	32.654	PRAIRIESKY ROYALTY LTD.
T214610	147739292	T 31 R 20 W3M LSD 7 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.3	16.309	PRAIRIESKY ROYALTY LTD.
T222274	147739326	T 31 R 20 W3M LSD 8 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.3	16.309	PRAIRIESKY ROYALTY LTD.
T214612	147738549	T 31 R 20 W3M LSD 9 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.26	16.293	PRAIRIESKY ROYALTY LTD.
T222284	147780928	T 31 R 20 W3M LSD 1 & 2 SEC 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.51	32.581	PRAIRIESKY ROYALTY LTD.
T222283	147715555	T 31 R 20 W3M LSD 3 & 4 SEC 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.44	32.553	PRAIRIESKY ROYALTY LTD.
T214613	147714925	T 31 R 20 W3M LSD 5 & 6 SEC 21 All Mines and Minerals Excluding All POTASH	100%	80.4	32.537	PRAIRIESKY ROYALTY LTD.
T222285	147780894	T 31 R 20 W3M LSD 7 & 8 SEC 21	100%	80.51	32.581	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T216361	147562353	T 31 R 20 W3M NE 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	161.1	65.195	PRAIRIESKY ROYALTY LTD.
T222286	147567404	T 31 R 20 W3M NW 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	161.09	65.191	PRAIRIESKY ROYALTY LTD.
T216358	147640125	T 31 R 20 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T214614	147556132	T 31 R 20 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	161.21	65.24	PRAIRIESKY ROYALTY LTD.
T214615	147555995	T 31 R 20 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	161.18	65.228	PRAIRIESKY ROYALTY LTD.
T214616	147547176	T 31 R 20 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	161.05	65.175	PRAIRIESKY ROYALTY LTD.
T214617	147555287	T 31 R 20 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	161.19	65.232	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214199	147604417	T 32 R 20 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T214200	147599454	T 32 R 20 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214201	147682693	T 32 R 20 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214202	147602033	T 32 R 20 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.14	64.807	PRAIRIESKY ROYALTY LTD.
T214203	147599151	T 32 R 20 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214204	147642037	T 32 R 20 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.63	65.005	PRAIRIESKY ROYALTY LTD.
T214205	147672670	T 32 R 20 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T214206	147646536	T 32 R 20 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T214207	147647908	T 32 R 20 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T214208	147567831	T 32 R 20 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.87	65.102	PRAIRIESKY ROYALTY LTD.
T214209	147568528	T 32 R 20 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.66	65.017	PRAIRIESKY ROYALTY LTD.
T214210	147567662	T 32 R 20 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T214211	147573760	T 32 R 20 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.84	65.09	PRAIRIESKY ROYALTY LTD.
T214212	147572950	T 32 R 20 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214213	147546715	T 32 R 20 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	161.02	65.163	PRAIRIESKY ROYALTY LTD.
T214214	147609995	T 32 R 20 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.01	64.754	PRAIRIESKY ROYALTY LTD.
T214215	147669643	T 32 R 20 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214216	147675516	T 32 R 20 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T214217	147662927	T 32 R 20 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T214218	147646738	T 32 R 20 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T214219	147642475	T 32 R 20 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.65	65.013	PRAIRIESKY ROYALTY LTD.
T214220	147646749	T 32 R 20 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T214221	147642745	T 32 R 20 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214222	147595809	T 32 R 20 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel
----------------------------------------------------------------------------------------------------------------------------

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214223	147643128	T 32 R 20 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214224	147659945	T 32 R 20 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214225	147609096	T 32 R 20 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T214226	147677484	T 32 R 20 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	159.89	64.705	PRAIRIESKY ROYALTY LTD.
T214227	147684662	T 32 R 20 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.
T214228	147662501	T 32 R 20 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T214229	147671051	T 32 R 20 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T214230	147642633	T 32 R 20 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T214231	147556097	T 32 R 20 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	161.21	65.24	PRAIRIESKY ROYALTY LTD.
T214232	147650452	T 32 R 20 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T214233	147546669	T 32 R 20 W3M SW 23 All Mines and Minerals Excluding All POTASH	100%	161.03	65.167	PRAIRIESKY ROYALTY LTD.
T214234	147659901	T 32 R 20 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214235	147599465	T 32 R 20 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214236	147597878	T 32 R 20 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.18	64.822	PRAIRIESKY ROYALTY LTD.
T214237	147600749	T 32 R 20 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T214238	147549134	T 32 R 20 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.98	65.147	PRAIRIESKY ROYALTY LTD.
T214239	147646480	T 32 R 20 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T214240	147603506	T 32 R 20 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.64	65.009	PRAIRIESKY ROYALTY LTD.
T214241	147639033	T 32 R 20 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.72	65.041	PRAIRIESKY ROYALTY LTD.
T214242	147669687	T 32 R 20 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T214243	147670421	T 32 R 20 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.2	64.831	PRAIRIESKY ROYALTY LTD.
T214244	147671040	T 32 R 20 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T214245	147665470	T 32 R 20 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T214247	147596259	T 32 R 20 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214246	147811013	T 32 R 20 W3M PTN NW 35 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	6.28	2.541	PRAIRIESKY ROYALTY LTD.
T214248	147707220	T 32 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	118.11	47.798	PRAIRIESKY ROYALTY LTD.
T225391	147736356	T 32 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	36.21	14.654	PRAIRIESKY ROYALTY LTD.
T214249	147595786	T 32 R 20 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214250	147651341	T 32 R 20 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T213959	147675594	T 28 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T213960	147704474	T 28 R 21 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.82	64.677	PRAIRIESKY ROYALTY LTD.
T213965	147549617	T 28 R 21 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	161.33	65.288	PRAIRIESKY ROYALTY LTD.
T213966	147547288	T 28 R 21 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	161.04	65.171	PRAIRIESKY ROYALTY LTD.
T213967	147659776	T 28 R 21 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T213968	147676449	T 28 R 21 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T213969	147568090	T 28 R 21 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.86	65.098	PRAIRIESKY ROYALTY LTD.
T213970	147649607	T 28 R 21 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T213971	147695631	T 28 R 21 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	159.36	64.491	PRAIRIESKY ROYALTY LTD.
T213972	147697150	T 28 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	159.1	64.386	PRAIRIESKY ROYALTY LTD.
T213973	147671994	T 28 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T213974	147601559	T 28 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.05	64.77	PRAIRIESKY ROYALTY LTD.
T213975	147604428	T 28 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T213976	147664952	T 28 R 21 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T213977	147564580	T 28 R 21 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.89	65.11	PRAIRIESKY ROYALTY LTD.
T213978	147669373	T 28 R 21 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T213702	147695495	T 29 R 21 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.28	64.459	PRAIRIESKY ROYALTY LTD.
T221813	147694966	T 29 R 21 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.35	64.487	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS Mineral Interest*		Net Acres	Net Hectares	REGISTERED OWNER
T221811	147704485	T 29 R 21 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.82	64.677	PRAIRIESKY ROYALTY LTD.
T221812	147681490	T 29 R 21 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	159.88	64.701	PRAIRIESKY ROYALTY LTD.
T213703	147656919	T 29 R 21 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T221816	147645445	T 29 R 21 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.57	64.981	PRAIRIESKY ROYALTY LTD.
T221815	147644501	T 29 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T221814	147549796	T 29 R 21 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.97	65.143	PRAIRIESKY ROYALTY LTD.
T213704	147691176	T 29 R 21 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	159.81	64.673	PRAIRIESKY ROYALTY LTD.
T221059	147698825	T 29 R 21 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	159.49	64.544	PRAIRIESKY ROYALTY LTD.
T221060	147544353	T 29 R 21 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	162.21	65.644	PRAIRIESKY ROYALTY LTD.
T221061	147544454	T 29 R 21 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	162.65	65.822	PRAIRIESKY ROYALTY LTD.
T221064	147643296	T 29 R 21 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T213705	147648134	T 29 R 21 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T221066	147568438	T 29 R 21 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T221065	147547424	T 29 R 21 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	161.03	65.167	PRAIRIESKY ROYALTY LTD.
T216415	147751780	T 29 R 21 W3M PTN LSD 9 & 10 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	6.01	2.432	PRAIRIESKY ROYALTY LTD.
T221067	147630832	T 29 R 21 W3M PTN LSD 9 & 10 SEC 9 All Mines and Minerals Excluding All POTASH	100%	7.39	2.991	PRAIRIESKY ROYALTY LTD.
T213706	147710202	T 29 R 21 W3M PTN NE 9 All Mines and Minerals Excluding All POTASH	100%	146.18	59.157	PRAIRIESKY ROYALTY LTD.
T221068	147760049	T 29 R 21 W3M PTN LSD 9 & 10 SEC 9 All Mines and Minerals Excluding All POTASH PLAN BE3751	100%	1.278	0.517	PRAIRIESKY ROYALTY LTD.
T219172	147770602	T 29 R 21 W3M PTN LSD 5, 6 SEC 9 All Mines and Minerals Excluding All POTASH	100%	4.732	1.915	PRAIRIESKY ROYALTY LTD.
T213707	147600345	PLAN BE3751 T 29 R 21 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.33	64.884	PRAIRIESKY ROYALTY LTD.
T221819	147671859	T 29 R 21 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T221820	147660060	T 29 R 21 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T221821	147671769	T 29 R 21 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	Mineral Interest* Net Acres FEE LANDS		Net Hectares	REGISTERED OWNER
T213708	147568236	T 29 R 21 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T221824	147563466	T 29 R 21 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T221822	147567471	T 29 R 21 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.89	65.11	PRAIRIESKY ROYALTY LTD.
T221823	147549088	T 29 R 21 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T213709	147696407	T 29 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.19	64.422	PRAIRIESKY ROYALTY LTD.
T213710	147676450	T 29 R 21 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T221825	147673985	T 29 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	159.96	64.734	PRAIRIESKY ROYALTY LTD.
T221826	147675831	T 29 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	159.92	64.718	PRAIRIESKY ROYALTY LTD.
T221827	147673356	T 29 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T213711	147675369	T 29 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T214292	147662769	T 30 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T214293	147662602	T 30 R 21 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.121	64.799	PRAIRIESKY ROYALTY LTD.
T214294	147671882	T 30 R 21 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.08	64.782	PRAIRIESKY ROYALTY LTD.
T214295	147660408	T 30 R 21 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T214296	147658113	T 30 R 21 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T214297	147694427	T 30 R 21 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.47	64.536	PRAIRIESKY ROYALTY LTD.
T214298	147698836	T 30 R 21 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	159.57	64.576	PRAIRIESKY ROYALTY LTD.
T214299	147686710	T 30 R 21 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	159.62	64.596	PRAIRIESKY ROYALTY LTD.
T214300	147678250	T 30 R 21 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	159.88	64.701	PRAIRIESKY ROYALTY LTD.
T214301	147670498	T 30 R 21 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T214302	147669711	T 30 R 21 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T214303	147671691	T 30 R 21 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.229	64.843	PRAIRIESKY ROYALTY LTD.
T214304	147669520	T 30 R 21 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214305	147658056	T 30 R 21 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214306	147599184	T 30 R 21 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214307	147659529	T 30 R 21 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T214308	147659361	T 30 R 21 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T214618	147733500	T 31 R 21 W3M LSD 3 & 4 SEC 5 All Mines and Minerals Excluding All POTASH	100%	74.58	30.182	PRAIRIESKY ROYALTY LTD.
T221762	147733498	T 31 R 21 W3M LSD 5 & 6 SEC 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	74.63	30.202	PRAIRIESKY ROYALTY LTD.
T214351	147643869	T 31 R 21 W3M NE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T214353	147569877	T 31 R 21 W3M NW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214352	147708153	T 31 R 21 W3M SE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.15	60.359	PRAIRIESKY ROYALTY LTD.
T214355	147715892	T 31 R 21 W3M LSD 1 & 2 SEC 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.54	32.594	PRAIRIESKY ROYALTY LTD.
T225476	147715421	T 31 R 21 W3M LSD 7 & 8 SEC 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.49	32.573	PRAIRIESKY ROYALTY LTD.
T214354	147569169	T 31 R 21 W3M NE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T214356	147563310	T 31 R 21 W3M SW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.
T214357	147569215	T 31 R 21 W3M NE 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T214358	147572804	T 31 R 21 W3M NW 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214359	147570150	T 31 R 21 W3M SE 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214360	147564401	T 31 R 21 W3M SW 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
T214361	147640833	T 31 R 21 W3M NE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T214362	147638874	T 31 R 21 W3M NW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T214363	147650070	T 31 R 21 W3M SE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.52	64.96	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214364	147639325	T 31 R 21 W3M SW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.71	65.037	PRAIRIESKY ROYALTY LTD.
T214367	147715836	T 31 R 21 W3M LSD 15 & 16 SEC 17 All Mines and Minerals Excluding All POTASH	100%	80.591	32.614	PRAIRIESKY ROYALTY LTD.
T214365	147717568	T 31 R 21 W3M LSD 9 & 10 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.68	32.65	PRAIRIESKY ROYALTY LTD.
T214366	147555041	T 31 R 21 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.201	65.236	PRAIRIESKY ROYALTY LTD.
T214369	147544195	T 31 R 21 W3M SE 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.61	65.402	PRAIRIESKY ROYALTY LTD.
T214368	147545534	T 31 R 21 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.55	65.377	PRAIRIESKY ROYALTY LTD.
T216603	147738998	T 31 R 21 W3M LSD 1 & 2 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.55	32.598	PRAIRIESKY ROYALTY LTD.
T216607	147717490	T 31 R 21 W3M LSD 15 & 16 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.68	32.65	PRAIRIESKY ROYALTY LTD.
T216608	147738987	T 31 R 21 W3M LSD 3 & 4 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.55	32.598	PRAIRIESKY ROYALTY LTD.
T216604	147715993	T 31 R 21 W3M LSD 5 & 6 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.58	32.61	PRAIRIESKY ROYALTY LTD.
T216605	147716039	T 31 R 21 W3M LSD 7 & 8 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.58	32.61	PRAIRIESKY ROYALTY LTD.
T216609	147716152	T 31 R 21 W3M LSD 9 & 10 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.65	32.638	PRAIRIESKY ROYALTY LTD.
T216606	147549561	T 31 R 21 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	161.35	65.296	PRAIRIESKY ROYALTY LTD.
T222232	147549662	T 31 R 21 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	161.38	65.308	PRAIRIESKY ROYALTY LTD.
T222233	147563040	T 31 R 21 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	161.131	65.208	PRAIRIESKY ROYALTY LTD.
T214371	147554657	T 31 R 21 W3M SE 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.23	65.248	PRAIRIESKY ROYALTY LTD.
T222234	147549112	T 31 R 21 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.98	65.147	PRAIRIESKY ROYALTY LTD.
T222230	147715296	T 31 R 21 W3M LSD 1 & 2 SEC 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.46	32.561	PRAIRIESKY ROYALTY LTD.
T222229	147715869	T 31 R 21 W3M LSD 7 & 8 SEC 23 All Mines and Minerals Excluding All POTASH	100%	80.5	32.578	PRAIRIESKY ROYALTY LTD.
T214370	147555423	T 31 R 21 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T214372	147563703	T 31 R 21 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222231	147647111	T 31 R 21 W3M SW 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T214373	147563231	T 31 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.
T214374	147568292	T 31 R 21 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T214375	147563073	T 31 R 21 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.94	65.13	PRAIRIESKY ROYALTY LTD.
T214376	147564759	T 31 R 21 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.91	65.118	PRAIRIESKY ROYALTY LTD.
T214377	147565851	T 31 R 21 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.938	65.13	PRAIRIESKY ROYALTY LTD.
T214378	147547312	T 31 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	161.04	65.171	PRAIRIESKY ROYALTY LTD.
T214379	147544724	T 31 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	161.06	65.179	PRAIRIESKY ROYALTY LTD.
T214380	147550833	T 31 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	161.3	65.276	PRAIRIESKY ROYALTY LTD.
T214381	147652870	T 31 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T214382	147650216	TITI F clIR1ECT Tn OFRENTI IR F T 31 R 21 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.509	64.956	PRAIRIESKY ROYALTY LTD.
T214383	147644680	T 31 R 21 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T214384	147652814	T 31 R 21 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.479	64.944	PRAIRIESKY ROYALTY LTD.
T214251	147596440	T 32 R 21 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T214252	147660307	T 32 R 21 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T214253	147646075	T 32 R 21 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.75	65.054	PRAIRIESKY ROYALTY LTD.
T214254	147555456	T 32 R 21 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T214255	147658696	T 32 R 21 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T214256	147639459	T 32 R 21 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.71	65.037	PRAIRIESKY ROYALTY LTD.
T214257	147553106	T 32 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	161.26	65.26	PRAIRIESKY ROYALTY LTD.
T214258	147647403	T 32 R 21 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.82	65.082	PRAIRIESKY ROYALTY LTD.
T209718	147597991	T 32 R 21 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T219647	147660228	T 32 R 21 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T219648	147546872	T 32 R 21 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	161.43	65.329	PRAIRIESKY ROYALTY LTD.
T219649	147545556	T 32 R 21 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	161.55	65.377	PRAIRIESKY ROYALTY LTD.
T216027	147599487	T 32 R 21 W3M NE 7	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T221876	147656863	T 32 R 21 W3M NW 7	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T221878	147641913	All Mines and Minerals Excluding P&NG to Base VIKING ZONE EvrIl idinn All PnTAcl-I T 32 R 21 W3M SE 7	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T221877	147642127	T 32 R 21 W3M SW 7	100%	160.63	65.005	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T209796	147654119	T 32 R 21 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T219654	147641968	T 32 R 21 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
T219657	147648785	T 32 R 21 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T219658	147650496	T 32 R 21 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T209966	147601199	T 32 R 21 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T219660	147597542	T 32 R 21 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T219661	147675448	T 32 R 21 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.97	64.738	PRAIRIESKY ROYALTY LTD.
T219662	147672962	T 32 R 21 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.98	64.742	PRAIRIESKY ROYALTY LTD.
T213226	147660947	T 32 R 21 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.23	64.843	PRAIRIESKY ROYALTY LTD.
T219844	147597654	T 32 R 21 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.38	64.904	PRAIRIESKY ROYALTY LTD.
T219845	147659204	T 32 R 21 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T219846	147595304	T 32 R 21 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T213173	147640967	T 32 R 21 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T219847	147658517	T 32 R 21 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T219848	147563220	T 32 R 21 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.
T219849	147660554	T 32 R 21 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest* Net Acres		Net Hectares	REGISTERED OWNER
T216610	147663186	T 32 R 21 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.4	64.912	PRAIRIESKY ROYALTY LTD.
T216611	147670230	T 32 R 21 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.21	64.835	PRAIRIESKY ROYALTY LTD.
T216612	147660600	T 32 R 21 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T216613	147660509	T 32 R 21 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214080	147653028	T 32 R 21 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T214081	147657055	T 32 R 21 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T214082	147653668	T 32 R 21 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T214083	147659327	T 32 R 21 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T215997	147648112	T 32 R 21 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T215998	147651228	T 32 R 21 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T215999	147653624	T 32 R 21 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
T216000	147656458	T 32 R 21 W3M SW 23 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T216001	147682806	T 32 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T216002	147675279	T 32 R 21 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T216003	147679037	T 32 R 21 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.87	64.697	PRAIRIESKY ROYALTY LTD.
T216004	147673367	T 32 R 21 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	159.96	64.734	PRAIRIESKY ROYALTY LTD.
T216005	147661948	T 32 R 21 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.2	64.831	PRAIRIESKY ROYALTY LTD.
T216006	147665111	T 32 R 21 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T216007	147671017	T 32 R 21 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T216008	147683188	T 32 R 21 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	159.81	64.673	PRAIRIESKY ROYALTY LTD.
T216009	147639415	T 32 R 21 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.71	65.037	PRAIRIESKY ROYALTY LTD.
T216010	147597474	T 32 R 21 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T216011	147572770	T 32 R 21 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T216012	147646705	T 32 R 21 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS Mineral Interest* Net Acres			Net Hectares	REGISTERED OWNER
T213785	147596237	T 32 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T213786	147601087	T 32 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T213787	147658786	T 32 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.33	64.884	PRAIRIESKY ROYALTY LTD.
T213788	147597553	T 32 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T213789	147661645	T 32 R 21 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T213790	147653657	T 32 R 21 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T213791	147598374	T 32 R 21 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.35	64.892	PRAIRIESKY ROYALTY LTD.
T215058	147682121	T 33 R 21 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T215059	147684235	T 33 R 21 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.77	64.657	PRAIRIESKY ROYALTY LTD.
T215060	147704351	T 33 R 21 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	158.87	64.293	PRAIRIESKY ROYALTY LTD.
T215061	147643577	T 33 R 21 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T215062	147641889	T 33 R 21 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
T215063	147573052	T 33 R 21 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.84	65.09	PRAIRIESKY ROYALTY LTD.
T215064	147548986	T 33 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	161.93	65.531	PRAIRIESKY ROYALTY LTD.
T215065	147545624	T 33 R 21 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	162.25	65.66	PRAIRIESKY ROYALTY LTD.
T228291	147492412	T 33 R 21 W3M PTN SE 9 All Mines and Minerals	100%	6.25	2.529	Heritage Royalty Resource Corp.
T228294	154991863	T 33 R 21 W3M PTN SE 9 All Mines and Minerals	100%	6.24	2.525	Heritage Royalty Resource Corp.
T228295	154991896	T 33 R 21 W3M PTN SE 9 All Mines and Minerals	100%	12.48	5.051	Heritage Royalty Resource Corp.
T228288	147492434	T 33 R 21 W3M PTN LSD 5 & 6 SEC 9 (RAILWAY R/W) All Mines and Minerals	100%	6.25	2.529	Heritage Royalty Resource Corp.
T215066	147695439	T 33 R 21 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	159.45	64.527	PRAIRIESKY ROYALTY LTD.
T215067	147703844	T 33 R 21 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.14	64.402	PRAIRIESKY ROYALTY LTD.
T215068	147694922	T 33 R 21 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.35	64.487	PRAIRIESKY ROYALTY LTD.
T215069	147698241	T 33 R 21 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.04	64.362	PRAIRIESKY ROYALTY LTD.
T215070	147693011	T 33 R 21 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	159.7	64.629	PRAIRIESKY ROYALTY LTD.
T215071	147667988	T 33 R 21 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	159.87	64.697	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel
----------------------------------------------------------------------------------------------------------------------------	--	--	--

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T215072	147694719	T 33 R 21 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	159.69	64.625	PRAIRIESKY ROYALTY LTD.
T215073	147678867	T 33 R 21 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	159.87	64.697	PRAIRIESKY ROYALTY LTD.
T213996	147677361	T 28 R 22 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.89	64.705	PRAIRIESKY ROYALTY LTD.
T213997	147660442	T 28 R 22 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T213998	147661162	T 28 R 22 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T213999	147641249	T 28 R 22 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T214000	147640776	T 28 R 22 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T214001	147595595	T 28 R 22 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214002	147661825	T 28 R 22 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T214003	147650193	T 28 R 22 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T214004	147650430	T 28 R 22 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T214005	147599599	T 28 R 22 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214006	147643487	T 28 R 22 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214007	147656346	T 28 R 22 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T214008	147691503	T 28 R 22 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	159.76	64.653	PRAIRIESKY ROYALTY LTD.
T214009	147642532	T 28 R 22 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.64	65.009	PRAIRIESKY ROYALTY LTD.
T214010	147599948	T 28 R 22 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T221069	147662556	T 29 R 22 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.12	64.799	PRAIRIESKY ROYALTY LTD.
T213712	147682132	T 29 R 22 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T221079	147657088	T 29 R 22 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.41	64.916	PRAIRIESKY ROYALTY LTD.
T221074	147555399	T 29 R 22 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T213713	147640495	T 29 R 22 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T219135	147776068	T 29 R 22 W3M PTN LSD 16 SEC 7 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	1.08	0.437	PRAIRIESKY ROYALTY LTD.

^*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T219136	147770286	T 29 R 22 W3M PTN LSD 11 & 12 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	5.01	2.027	PRAIRIESKY ROYALTY LTD.
T219138	147767248	T 29 R 22 W3M PTN LSD 6 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	1.55	0.627	PRAIRIESKY ROYALTY LTD.
T219137	147785844	T 29 R 22 W3M PTN LSD 7 & 8 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	9.44	3.82	PRAIRIESKY ROYALTY LTD.
T213714	147695608	T 29 R 22 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	159.48	64.54	PRAIRIESKY ROYALTY LTD.
T221829	147694887	T 29 R 22 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.35	64.487	PRAIRIESKY ROYALTY LTD.
T221828	147682615	T 29 R 22 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T221830	147694270	T 29 R 22 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.7	64.628	PRAIRIESKY ROYALTY LTD.
T213715	147667652	T 29 R 22 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T221832	147601425	T 29 R 22 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T221833	147664187	T 29 R 22 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T221831	147670386	T 29 R 22 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T213716	147572758	T 29 R 22 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T221834	147667685	T 29 R 22 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T221835	147653455	T 29 R 22 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T221836	147670959	T 29 R 22 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T213717	147573580	T 29 R 22 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T221837	147595696	T 29 R 22 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T221839	147656795	T 29 R 22 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T221840	147659653	T 29 R 22 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T213718	147662040	T 29 R 22 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.2	64.831	PRAIRIESKY ROYALTY LTD.
T221842	147651071	T 29 R 22 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T221841	147671905	T 29 R 22 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T221838	147663805	T 29 R 22 W3M SW 23 All Mines and Minerals Excluding All POTASH	100%	160.08	64.782	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213719	147684066	T 29 R 22 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.
T221846	147675347	T 29 R 22 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T221847	147673963	T 29 R 22 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T221849	147605733	T 29 R 22 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T216338	147728560	T 29 R 22 W3M LSD 12 & 13 SEC 35 All Mines and Minerals Excluding All POTASH	100%	80.03	32.387	PRAIRIESKY ROYALTY LTD.
T216339	147755773	T 29 R 22 W3M LSD 4 & 5 SEC 35 All Mines and Minerals Excluding All POTASH	100%	79.98	32.367	PRAIRIESKY ROYALTY LTD.
T216340	147683593	T 29 R 22 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	159.78	64.661	PRAIRIESKY ROYALTY LTD.
T216341	147673121	T 29 R 22 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214309	147694494	T 30 R 22 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.43	64.519	PRAIRIESKY ROYALTY LTD.
T214310	147695316	T 30 R 22 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.29	64.463	PRAIRIESKY ROYALTY LTD.
T214311	147672221	T 30 R 22 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160	64.75	PRAIRIESKY ROYALTY LTD.
T214312	147699488	T 30 R 22 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	159.56	64.572	PRAIRIESKY ROYALTY LTD.
T214313	147684549	T 30 R 22 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	159.73	64.641	PRAIRIESKY ROYALTY LTD.
T214314	147660802	T 30 R 22 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214315	147608961	T 30 R 22 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T214316	147660699	T 30 R 22 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214317	147653163	T 30 R 22 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T214318	147659912	T 30 R 22 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214319 T216302	147652780 147834636	T 30 R 22 W3M SW 5 All Mines and Minerals Excluding All POTASH T 30 R 22 W3M LSD 15 & 16 SEC 35	100% 100%	160.48 74.4	64.944 30.109	PRAIRIESKY ROYALTY LTD. PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T214320	147677316	T 30 R 22 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.89	64.706	PRAIRIESKY ROYALTY LTD.
T214321	147671983	T 30 R 22 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T214322	147704441	T 30 R 22 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	159.82	64.678	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214323	147665391	T 30 R 22 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160	64.75	PRAIRIESKY ROYALTY LTD.
T222243	147755469	T 30 R 22 W3M LSD 11 & 12 SEC 17 All Mines and Minerals Excluding All POTASH	100%	79.98	32.367	PRAIRIESKY ROYALTY LTD.
T222245	147848046	T 30 R 22 W3M LSD 13 & 14 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	79.99	32.371	PRAIRIESKY ROYALTY LTD.
T222246	147848035	T 30 R 22 W3M LSD 15 & 16 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	80.02	32.383	PRAIRIESKY ROYALTY LTD.
T222244	147728852	T 30 R 22 W3M LSD 9 & 10 SEC 17 All Mines and Minerals Excluding All POTASH	100%	80.01	32.379	PRAIRIESKY ROYALTY LTD.
T213784	147676494	T 30 R 22 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	159.94	64.726	PRAIRIESKY ROYALTY LTD.
T222242	147676124	T 30 R 22 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T216304	147732161	T 30 R 22 W3M LSD 7 & 8 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	79.74	32.27	PRAIRIESKY ROYALTY LTD.
T221761	147848057	T 30 R 22 W3M LSD 11 & 12 SEC 21 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	80.1	32.415	PRAIRIESKY ROYALTY LTD.
T221760	147713148	T 30 R 22 W3M LSD 13 & 14 SEC 21 All Mines and Minerals Excluding All POTASH	100%	80.09	32.411	PRAIRIESKY ROYALTY LTD.
T221757	147659530	T 30 R 22 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T214501	147661331	T 30 R 22 W3M SE 21 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T221755	147670184	T 30 R 22 W3M SW 21 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	160.21	64.835	PRAIRIESKY ROYALTY LTD.
T216733	147683548	T 30 R 22 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.79	64.665	PRAIRIESKY ROYALTY LTD.
T216734	147698791	T 30 R 22 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	159.49	64.544	PRAIRIESKY ROYALTY LTD.
T216418	147707714	T 30 R 22 W3M LSD 11, 12 & 14 SEC 31 All Mines and Minerals Excludina All POTASH	100%	110.62	44.767	PRAIRIESKY ROYALTY LTD.
T216417	147736323	T 30 R 22 W3M LSD 13 SEC 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	36.82	14.901	PRAIRIESKY ROYALTY LTD.
T216419	147691941	T 30 R 22 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	159.72	64.637	PRAIRIESKY ROYALTY LTD.
T216303	147733487	T 30 R 22 W3M LSD 13 & 14 SEC 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE	100%	74.71	30.234	PRAIRIESKY ROYALTY LTD.
T214385	147548773	F.-RR-firm All POTASH T 31 R 22 W3M NE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.99	65.151	PRAIRIESKY ROYALTY LTD.
T222235	147563893	T 31 R 22 W3M NW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222236	147706588	T 31 R 22 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.3	60.42	PRAIRIESKY ROYALTY LTD.
T222237	147708186	T 31 R 22 W3M SW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.12	60.347	PRAIRIESKY ROYALTY LTD.
T214386	147640664	T 31 R 22 W3M NE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T222238	147644051	T 31 R 22 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T222239	147709154	T 31 R 22 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	148.48	60.088	PRAIRIESKY ROYALTY LTD.
T214387	147550248	T 31 R 22 W3M NE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.33	65.288	PRAIRIESKY ROYALTY LTD.
T222222	147547356	T 31 R 22 W3M NW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.04	65.171	PRAIRIESKY ROYALTY LTD.
T214388	147547187	T 31 R 22 W3M NE 9 All Mines and Minerals Excluding All POTASH TITLE IS SUBJECT TO A CNRL BENEFICIAL INTEREST, SEE TRUST REMAKS	100%	161.05	65.175	PRAIRIESKY ROYALTY LTD.
T222240	147563422	T 31 R 22 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T222241	147561846	T 31 R 22 W3M SE 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.12	65.203	PRAIRIESKY ROYALTY LTD.
T214389	147648695	T 31 R 22 W3M NE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T222223	147646761	T 31 R 22 W3M NW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T222224	147563983	T 31 R 22 W3M SE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T222225	147566212	T 31 R 22 W3M SW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T214390	147567774	T 31 R 22 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.871	65.103	PRAIRIESKY ROYALTY LTD.
T214391	147573209	T 31 R 22 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T214392	147550237	T 31 R 22 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	161.331	65.288	PRAIRIESKY ROYALTY LTD.
T222248	147739359	T 31 R 22 W3M LSD 10 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.28	16.301	PRAIRIESKY ROYALTY LTD.
T222247	147707613	T 31 R 22 W3M LSD 9, 15 & 16 SEC 17 All Mines and Minerals Excluding All POTASH	100%	120.86	48.911	PRAIRIESKY ROYALTY LTD.
T214393	147561958	T 31 R 22 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	161.14	65.211	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222207	147563152	T 31 R 22 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	161.1	65.195	PRAIRIESKY ROYALTY LTD.
T222249	147567392	T 31 R 22 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.09	65.191	PRAIRIESKY ROYALTY LTD.
T222256	147707466	T 31 R 22 W3M LSD 1, 7 & 8 SEC 19 All Mines and Minerals Excluding All POTASH	100%	120.54	48.781	PRAIRIESKY ROYALTY LTD.
T222257	147722407	T 31 R 22 W3M LSD 15 & 16 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.299	32.496	PRAIRIESKY ROYALTY LTD.
T222254	147724296	T 31 R 22 W3M LSD 2 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.17	16.256	PRAIRIESKY ROYALTY LTD.
T222255	147806680	T 31 R 22 W3M LSD 9 & 10 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.32	32.505	PRAIRIESKY ROYALTY LTD.
T214394	147639695	T 31 R 22 W3M NW 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.699	65.033	PRAIRIESKY ROYALTY LTD.
T222253	147640259	T 31 R 22 W3M SW 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T214395	147545006	T 31 R 22 W3M SE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.07	65.183	PRAIRIESKY ROYALTY LTD.
T222258	147555388	T 31 R 22 W3M SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T216024	147640798	T 32 R 22 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T216067	147644972	T 32 R 22 W3M SE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T221818	147645096	T 32 R 22 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.55	64.973	PRAIRIESKY ROYALTY LTD.
T215078	147667023	T 33 R 22 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T215079	147610830	T 33 R 22 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T215080	147675549	T 33 R 22 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.97	64.738	PRAIRIESKY ROYALTY LTD.
T215081	147674188	T 33 R 22 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T215082	147672805	T 33 R 22 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	159.98	64.742	PRAIRIESKY ROYALTY LTD.
T215083	147662882	T 33 R 22 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T215084	147676045	T 33 R 22 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T215085	147661432	T 33 R 22 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T215086	147602954	T 33 R 22 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.14	64.807	PRAIRIESKY ROYALTY LTD.
T215087	147671129	T 33 R 22 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.1	64.791	PRAIRIESKY ROYALTY LTD.
T215088	147653769	T 33 R 22 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T215089	147644275	T 33 R 22 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T215090	147598745	T 33 R 22 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.55	64.973	PRAIRIESKY ROYALTY LTD.
T215091	147640473	T 33 R 22 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T215092	147662859	T 33 R 22 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.4	64.912	PRAIRIESKY ROYALTY LTD.
T215093	147601874	T 33 R 22 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T215094	147597890	T 33 R 22 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215095	147672951	T 33 R 22 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.06	64.775	PRAIRIESKY ROYALTY LTD.
T215098	147644163	T 33 R 22 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.57	64.981	PRAIRIESKY ROYALTY LTD.
T215099	147600615	T 33 R 22 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T215096	147667034	T 33 R 22 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T215097	147597193	T 33 R 22 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215100	147604394	T 33 R 22 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T215101	147673019	T 33 R 22 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T215102	147604383	T 33 R 22 W3M SE 15 All Mines and Minerals Excluding All POTASH T 33 R 22 W3M SW 15	100%	160.13	64.802	PRAIRIESKY ROYALTY LTD.
T215103 T215104	147664198 147671860	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M NE 17	100% 100%	160.07 160.08	64.778 64.782	PRAIRIESKY ROYALTY LTD. PRAIRIESKY ROYALTY LTD.
T215105	147597317	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M NW 17	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T215106	147662567	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M SE 17	100%	160.12	64.798	PRAIRIESKY ROYALTY LTD.
T215107	147597272	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M SW 17	100%	160.18	64.822	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding All POTASH T 29 R 23 W3M PTN LSD 1 & 2 SEC 13
T219139	147770321	(RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	5	2.023	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221856	147602000	T 29 R 23 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T221855	147702797	T 29 R 23 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	159.44	64.523	PRAIRIESKY ROYALTY LTD.
T214324	147659619	T 30 R 23 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T214325	147598981	T 30 R 23 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.17	64.819	PRAIRIESKY ROYALTY LTD.
T214326	147659608	T 30 R 23 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T214327	147640822	T 30 R 23 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T214328	147545152	T 30 R 23 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	161.52	65.365	PRAIRIESKY ROYALTY LTD.
T214329	147691862	T 30 R 23 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	159.73	64.641	PRAIRIESKY ROYALTY LTD.
T222091	147683447	T 30 R 23 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	159.79	64.665	PRAIRIESKY ROYALTY LTD.
T213783	147703394	T 30 R 23 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T222093	147595832	T 30 R 23 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T214330	147691659	T 30 R 23 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.77	64.657	PRAIRIESKY ROYALTY LTD.
T214331	147691749	T 30 R 23 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	159.75	64.649	PRAIRIESKY ROYALTY LTD.
T214332	147679554	T 30 R 23 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	159.85	64.689	PRAIRIESKY ROYALTY LTD.
T214333	147681973	T 30 R 23 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214334	147692672	T 30 R 23 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	159.68	64.621	PRAIRIESKY ROYALTY LTD.
T214335	147699398	T 30 R 23 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	159.57	64.576	PRAIRIESKY ROYALTY LTD.
T214336	147704340	T 30 R 23 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	159.82	64.677	PRAIRIESKY ROYALTY LTD.
T214337	147696553	T 30 R 23 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	159.19	64.422	PRAIRIESKY ROYALTY LTD.
T222260	147599993	T 30 R 23 W3M NE 13 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T222261	147659428	T 30 R 23 W3M NW 13 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	160.41	64.916	PRAIRIESKY ROYALTY LTD.
T214500	147602572	T 30 R 23 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T222259	147659934	T 30 R 23 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214338	147651037	T 30 R 23 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214339	147654186	T 30 R 23 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T214340	147695563	T 30 R 23 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	159.48	64.54	PRAIRIESKY ROYALTY LTD.
T214341	147695811	T 30 R 23 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	159.251	64.447	PRAIRIESKY ROYALTY LTD.
T214342	147695406	T 30 R 23 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	159.51	64.552	PRAIRIESKY ROYALTY LTD.
T214343	147696250	T 30 R 23 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	159.27	64.455	PRAIRIESKY ROYALTY LTD.
T216749	147677271	T 30 R 23 W3M NE 19 All Mines and Minerals	100%	159.891	64.706	PRAIRIESKY ROYALTY LTD.
T216750	147685898	Excludina All POTASH T 30 R 23 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	159.65	64.608	PRAIRIESKY ROYALTY LTD.
T216751	147675314	T 30 R 23 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T216752	147685337	T 30 R 23 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	159.69	64.625	PRAIRIESKY ROYALTY LTD.
T214348	147704946	T 30 R 23 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	158.81	64.268	PRAIRIESKY ROYALTY LTD.
T214349	147697037	T 30 R 23 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	159.33	64.479	PRAIRIESKY ROYALTY LTD.
T214084	147696159	T 30 R 23 W3M NE 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	159.219	64.435	PRAIRIESKY ROYALTY LTD.
T222095	147672197	T 30 R 23 W3M NW 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T222096	147692739	T 30 R 23 W3M SE 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	159.68	64.621	PRAIRIESKY ROYALTY LTD.
T222097	147682716	T 30 R 23 W3M SW 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214344	147662411	T 30 R 23 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.231	64.844	PRAIRIESKY ROYALTY LTD.
T214345	147670779	T 30 R 23 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.1	64.791	PRAIRIESKY ROYALTY LTD.
T214346	147596552	T 30 R 23 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T214347	147601986	T 30 R 23 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T222128	147735816	T 30 R 23 W3M LSD 11 SEC 27 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.19	16.264	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222127	147707488	T 30 R 23 W3M LSD 12, 13 & 14 SEC 27 All Mines and Minerals Excluding All POTASH	100%	120.52	48.773	PRAIRIESKY ROYALTY LTD.
T214350	147659349	T 30 R 23 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T222125	147662589	T 30 R 23 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T222126	147595854	T 30 R 23 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T222098	147708209	T 30 R 23 W3M NE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149	60.298	PRAIRIESKY ROYALTY LTD.
T222100	147708120	T 30 R 23 W3M NW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.21	60.383	PRAIRIESKY ROYALTY LTD.
T222109	147691457	T 30 R 23 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	159.74	64.646	PRAIRIESKY ROYALTY LTD.
T214085	147682031	T 30 R 23 W3M SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T222092	147709042	T 30 R 23 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	148.67	60.165	PRAIRIESKY ROYALTY LTD.
T222094	147709020	T 30 R 23 W3M NW 33 All Mines and Minerals	100%	148.88	60.25	PRAIRIESKY ROYALTY LTD.
T213773	147694089	Excludina All POTASH T 30 R 23 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	159.5	64.548	PRAIRIESKY ROYALTY LTD.
T221973	147692751	T 30 R 23 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	159.67	64.616	PRAIRIESKY ROYALTY LTD.
T213774	147706768	T 30 R 23 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	147.72	59.78	PRAIRIESKY ROYALTY LTD.
T221975	147706746	T 30 R 23 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	147.86	59.837	PRAIRIESKY ROYALTY LTD.
T221976	147684628	T 30 R 23 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.
T221974	147682165	T 30 R 23 W3M SW 35 All Mines and Minerals	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T216017	147568382	Excludina All POTASH T 31 R 23 W3M NE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T216018	147569259	T 31 R 23 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T221363	147708197	T 31 R 23 W3M SE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.06	60.323	PRAIRIESKY ROYALTY LTD.
T216019	147708175	T 31 R 23 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.12	60.347	PRAIRIESKY ROYALTY LTD.
T221394	147561857	T 31 R 23 W3M NE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.12	65.203	PRAIRIESKY ROYALTY LTD.
T216020	147562263	T 31 R 23 W3M NW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.11	65.199	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221393	147707006	T 31 R 23 W3M SE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.57	60.529	PRAIRIESKY ROYALTY LTD.
T221395	147706959	T 31 R 23 W3M SW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.81	60.626	PRAIRIESKY ROYALTY LTD.
T222332	147738471	T 31 R 23 W3M LSD 1 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.27	16.297	PRAIRIESKY ROYALTY LTD.
T222336	147724106	T 31 R 23 W3M LSD 10 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.23	16.281	PRAIRIESKY ROYALTY LTD.
T215876	147724128	T 31 R 23 W3M LSD 15 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.231	16.281	PRAIRIESKY ROYALTY LTD.
T222337	147724050	T 31 R 23 W3M LSD 16 SEC 13	100%	40.24	16.285	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T222330	147738550	T 31 R 23 W3M LSD 2 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.25	16.289	PRAIRIESKY ROYALTY LTD.
T222333	147738617	T 31 R 23 W3M LSD 7 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.24	16.285	PRAIRIESKY ROYALTY LTD.
T222334	147738538	T 31 R 23 W3M LSD 8 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.26	16.293	PRAIRIESKY ROYALTY LTD.
T222335	147738606	T 31 R 23 W3M LSD 9 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.25	16.289	PRAIRIESKY ROYALTY LTD.
T222329	147646772	T 31 R 23 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.84	65.091	PRAIRIESKY ROYALTY LTD.
T222331	147564467	T 31 R 23 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.911	65.119	PRAIRIESKY ROYALTY LTD.
T221398	147555085	T 31 R 23 W3M NE 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.191	65.232	PRAIRIESKY ROYALTY LTD.
T221397	147567459	T 31 R 23 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.089	65.191	PRAIRIESKY ROYALTY LTD.
T221396	147556086	T 31 R 23 W3M SE 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.21	65.24	PRAIRIESKY ROYALTY LTD.
T216021	147561914	T 31 R 23 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.11	65.199	PRAIRIESKY ROYALTY LTD.
T222319	147707264	T 31 R 23 W3M LSD 1, LSD 2A, LSD 2B, LSD 7, LSD 8A, LSD 8B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.71	48.85	PRAIRIESKY ROYALTY LTD.
T222321	147769879	T 31 R 23 W3M LSD 10C, LSD 10D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.07	8.122	PRAIRIESKY ROYALTY LTD.
T222318	147707141	T 31 R 23 W3M LSD 11, LSD 12A, LSD 12B, LSD 13, LSD 14A, LSD 14B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.21	48.647	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222323	147767901	T 31 R 23 W3M LSD 12C, LSD 12D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.03	8.106	PRAIRIESKY ROYALTY LTD.
T222324	147767811	T 31 R 23 W3M LSD 14C, LSD 14D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.04	8.11	PRAIRIESKY ROYALTY LTD.
T222322	147793630	T 31 R 23 W3M LSD 16C, LSD 16D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.08	8.126	PRAIRIESKY ROYALTY LTD.
T222325	147793696	T 31 R 23 W3M LSD 2C AND LSD 2D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.12	8.142	PRAIRIESKY ROYALTY LTD.
T222320	147707400	T 31 R 23 W3M LSD 3, LSD 4A, LSD 4B, LSD 5, LSD 6A, LSD 6B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.64	48.822	PRAIRIESKY ROYALTY LTD.
T222328	147793348	T 31 R 23 W3M LSD 4C, LSD 4D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.1	8.134	PRAIRIESKY ROYALTY LTD.
T222327	147793854	T 31 R 23 W3M LSD 6C, LSD 6D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.11	8.138	PRAIRIESKY ROYALTY LTD.
T222326	147793551	T 31 R 23 W3M LSD 8C, LSD 8D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.12	8.142	PRAIRIESKY ROYALTY LTD.
T215875	147707095	T 31 R 23 W3M LSD 9, LSD 10A, LSD 10B, LSD 15, LSD 16A, LSD 16B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.48	48.757	PRAIRIESKY ROYALTY LTD.
T221261	147735434	T 31 R 23 W3M LSD 11 & PTN LSD 12 SEC 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	60.22	24.37	PRAIRIESKY ROYALTY LTD.
T221264	147735524	T 31 R 23 W3M LSD 13 & PTN LSD 14 SEC 21 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	60.2	24.362	PRAIRIESKY ROYALTY LTD.
T221263	147769745	T 31 R 23 W3M PTN LSD 12 SEC 21 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.07	8.122	PRAIRIESKY ROYALTY LTD.
T221262	147769969	T 31 R 23 W3M PTN LSD 14 SEC 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.07	8.122	PRAIRIESKY ROYALTY LTD.
T221265	147793685	T 31 R 23 W3M PTN LSD 15 SEC 21 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.08	8.126	PRAIRIESKY ROYALTY LTD.
T216035	147706870	T 31 R 23 W3M PTN NE 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	140.58	56.891	PRAIRIESKY ROYALTY LTD.
T221401	147717399	T 31 R 23 W3M LSD 15 & 16 SEC 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.73	32.67	PRAIRIESKY ROYALTY LTD.
T221400	147731452	T 31 R 23 W3M LSD 9 & 10 SEC 23 All Mines and Minerals Excluding All POTASH	100%	79.83	32.306	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221399	147642004	T 31 R 23 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.651	65.013	PRAIRIESKY ROYALTY LTD.
T216034	147650610	T 31 R 23 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.52	64.96	PRAIRIESKY ROYALTY LTD.
T221402	147572602	T 31 R 23 W3M SW 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.66	65.018	PRAIRIESKY ROYALTY LTD.
T221892	147707444	T 31 R 23 W3M LSD 1, 7 & 8 SEC 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.56	48.789	PRAIRIESKY ROYALTY LTD.
T221893	147735748	T 31 R 23 W3M LSD 2 SEC 25 All Mines and Minerals Excluding All POTASH	100%	40.2	16.268	PRAIRIESKY ROYALTY LTD.
T221890	147707231	T 31 R 23 W3M LSD 3, 4 & 5 SEC 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.73	48.858	PRAIRIESKY ROYALTY LTD.
T221895	147724072	T 31 R 23 W3M LSD 6 SEC 25 All Mines and Minerals Excluding All POTASH	100%	40.24	16.285	PRAIRIESKY ROYALTY LTD.
T221889	147641980	T 31 R 23 W3M NE 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T216033	147567943	T 31 R 23 W3M NW 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T221269	147739416	T 31 R 23 W3M LSD 10 SEC 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.27	16.296	PRAIRIESKY ROYALTY LTD.
T221267	147707196	T 31 R 23 W3M LSD 3, 4 & 6 SEC 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.95	48.947	PRAIRIESKY ROYALTY LTD.
T221270	147739258	T 31 R 23 W3M LSD 5 SEC 27 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.31	16.313	PRAIRIESKY ROYALTY LTD.
T216032	147707871	T 31 R 23 W3M LSD 9, 15 & 16 SEC 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.76	48.87	PRAIRIESKY ROYALTY LTD.
T221272	147555591	T 31 R 23 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	161.16	65.22	PRAIRIESKY ROYALTY LTD.
T221271	147793078	T 31 R 23 W3M PTN LSD 12 SEC 27 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.15	8.154	PRAIRIESKY ROYALTY LTD.
T221268	147706858	T 31 R 23 W3M PTN NW 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	140.971	57.049	PRAIRIESKY ROYALTY LTD.
T222361	147735568	T 31 R 23 W3M LSD PTN 1 & PTN 2 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH TITLE IS SUBJECT TO CNRL BENEFICIAL INTEREST,	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222356	147572769	T 31 R 23 W3M NE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.66	65.017	PRAIRIESKY ROYALTY LTD.
T216031	147640428	T 31 R 23 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.

			*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel
--	--	--	----------------------------------------------------------------------------------------------------------------------------	--

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222357	147724386	T 31 R 23 W3M PTN LSD 1 & 2 SEC 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222363	147724410	T 31 R 23 W3M PTN LSD 3 & PTN LSD 4 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH TITLE IS SUBJECT TO A CNRL BENEFICIAL	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222364	147793607	INTPPFRT T 31 R 23 W3M PTN LSD 5 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.09	8.13	PRAIRIESKY ROYALTY LTD.
T222362	147724319	T 31 R 23 W3M PTN LSD 7 & 8 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222358	147724308	T 31 R 23 W3M PTN LSD 7 & 8 SEC 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222360	147707905	T 31 R 23 W3M PTN SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	100.45	40.651	PRAIRIESKY ROYALTY LTD.
T221333	147724151	T 31 R 23 W3M LSD 16 SEC 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.21	16.272	PRAIRIESKY ROYALTY LTD.
T221332	147707387	T 31 R 23 W3M LSD 9, 10 & 15 SEC 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.64	48.822	PRAIRIESKY ROYALTY LTD.
T221334	147573401	T 31 R 23 W3M NW 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T220980	147793775	T 31 R 23 W3M PTN LSD 2 SEC 33 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.11	8.138	PRAIRIESKY ROYALTY LTD.
T221266	147724083	T 31 R 23 W3M PTN LSD 3 & PTN LSD 4 SEC 33 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.23	16.281	PRAIRIESKY ROYALTY LTD.
T221335	147793742	T 31 R 23 W3M PTN LSD 5 SEC 33 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH TITLE IS SUBJECT TO A CNRL BENEFICIAL INTERESE, SEE TRUST REMARKS	100%	20.12	8.142	PRAIRIESKY ROYALTY LTD.
T216030	147706869	T 31 R 23 W3M PTN SE 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	140.77	56.968	PRAIRIESKY ROYALTY LTD.
T221331	147707893	T 31 R 23 W3M PTN SW 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH TITLE IS SUBJECT TO CNRL BENEFICIAL	100%	100.57	40.7	PRAIRIESKY ROYALTY LTD.
T221405	147735704	INTFRFGT GPF TRI IGT RFMARKG T 31 R 23 W3M LSD 10 SEC 35 All Mines and Minerals Excluding All POTASH	100%	40.05	16.208	PRAIRIESKY ROYALTY LTD.
T221404	147707152	T 31 R 23 W3M LSD 9, 15 & 16 SEC 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.15	48.623	PRAIRIESKY ROYALTY LTD.
T216029	147640765	T 31 R 23 W3M NW 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T216028	147669979	T 31 R 23 W3M SE 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221403	147638739	T 31 R 23 W3M SW 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T221845	147707107	T 32 R 23 W3M LSD 3, 5 & 6 SEC 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.45	48.745	PRAIRIESKY ROYALTY LTD.
T221848	147724331	T 32 R 23 W3M LSD 4 SEC 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T216025	147653983	T 32 R 23 W3M NE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T221843	147653635	T 32 R 23 W3M NW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T221844	147648314	T 32 R 23 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T221866	147724320	T 32 R 23 W3M LSD 3 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.1	16.228	PRAIRIESKY ROYALTY LTD.
T221867	147735647	T 32 R 23 W3M LSD 4 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.07	16.216	PRAIRIESKY ROYALTY LTD.
T221871	147724443	T 32 R 23 W3M LSD 5 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.08	16.22	PRAIRIESKY ROYALTY LTD.
T221872	147736019	T 32 R 23 W3M LSD 6 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.11	16.232	PRAIRIESKY ROYALTY LTD.
T221869	147640136	T 32 R 23 W3M NE 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T221870	147641003	T 32 R 23 W3M NW 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T221868	147568225	T 32 R 23 W3M SE 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	160.87	65.102	PRAIRIESKY ROYALTY LTD.
T213792	147642655	T 32 R 23 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T213793	147645614	T 32 R 23 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T213794	147601447	T 32 R 23 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T213795	147671589	T 32 R 23 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T213796	147645647	T 32 R 23 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T213797	147598802	T 32 R 23 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.55	64.973	PRAIRIESKY ROYALTY LTD.
T213798	147654074	T 32 R 23 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213799	147646402	T 32 R 23 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T213800	147660789	T 32 R 23 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T213801	147545040	T 32 R 23 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	161.07	65.183	PRAIRIESKY ROYALTY LTD.
T213802	147643937	T 32 R 23 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T213803	147652836	T 32 R 23 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T213804	147601391	T 32 R 23 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T213805	147663164	T 32 R 23 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.4	64.912	PRAIRIESKY ROYALTY LTD.
T213806	147599689	T 32 R 23 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T213807	147642295	T 32 R 23 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T213808	147639932	T 32 R 23 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.7	65.033	PRAIRIESKY ROYALTY LTD.
T213809	147564917	T 32 R 23 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.89	65.11	PRAIRIESKY ROYALTY LTD.
T213810	147573726	T 32 R 23 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.84	65.09	PRAIRIESKY ROYALTY LTD.
T213811	147665504	T 32 R 23 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.01	64.754	PRAIRIESKY ROYALTY LTD.
T213812	147595472	T 32 R 23 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T213813	147604035	T 32 R 23 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T213814	147703383	T 32 R 23 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T213815	147638818	T 32 R 23 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T213816	147642868	T 32 R 23 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T213817	147646514	T 32 R 23 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T213818	147640406	T 32 R 23 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T213819	147598363	T 32 R 23 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.35	64.892	PRAIRIESKY ROYALTY LTD.
T213820	147598666	T 32 R 23 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.35	64.892	PRAIRIESKY ROYALTY LTD.
T213821	147660958	T 32 R 23 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.23	64.843	PRAIRIESKY ROYALTY LTD.
T213822	147602202	T 32 R 23 W3M SW 23 All Mines and Minerals Excludina All POTASH	100%	160.14	64.807	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213823	147660352	T 32 R 23 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T213824	147661319	T 32 R 23 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T213825	147652847	T 32 R 23 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T213826	147656694	T 32 R 23 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T213827	147640923	T 32 R 23 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T213828	147567718	T 32 R 23 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.66	65.017	PRAIRIESKY ROYALTY LTD.
T213829	147563433	T 32 R 23 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T213830	147567505	T 32 R 23 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.82	65.082	PRAIRIESKY ROYALTY LTD.
T214653	147638829	T 32 R 23 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T214654	147643005	T 32 R 23 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T214655	147641294	T 32 R 23 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T214656	147643061	T 32 R 23 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214657	147609298	T 32 R 23 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.38	64.904	PRAIRIESKY ROYALTY LTD.
T214658	147643566	T 32 R 23 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.61	64.996	PRAIRIESKY ROYALTY LTD.
T214659	147661814	T 32 R 23 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.25	64.852	PRAIRIESKY ROYALTY LTD.
T214660	147658933	T 32 R 23 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T214661	147652881	T 32 R 23 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T214662	147600604	T 32 R 23 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T214663	147564456	T 32 R 23 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.91	65.118	PRAIRIESKY ROYALTY LTD.
T214664	147660701	T 32 R 23 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T215132	147600558	T 33 R 23 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T215133	147661768	T 33 R 23 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.21	64.835	PRAIRIESKY ROYALTY LTD.
T215134	147642060	T 33 R 23 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T215135	147556053	T 33 R 23 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	161.18	65.228	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T219407	147572691	T 33 R 23 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.66	65.018	PRAIRIESKY ROYALTY LTD.
T219408	147569248	T 33 R 23 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T219409	147646615	T 33 R 23 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T219410	147573715	T 33 R 23 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.791	65.069	PRAIRIESKY ROYALTY LTD.
T215137	147660420	T 33 R 23 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.251	64.851	PRAIRIESKY ROYALTY LTD.
T215138	147600132	T 33 R 23 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.331	64.884	PRAIRIESKY ROYALTY LTD.
T215139	147597238	T 33 R 23 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215140	147652803	T 33 R 23 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T215141	147640608	T 33 R 23 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T215142	147603517	T 33 R 23 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.64	65.009	PRAIRIESKY ROYALTY LTD.
T215143	147572983	T 33 R 23 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T215144	147641485	T 33 R 23 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T215145	147595865	T 33 R 23 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T215146	147643926	T 33 R 23 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T215147	147669407	T 33 R 23 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T215148	147644321	T 33 R 23 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.57	64.981	PRAIRIESKY ROYALTY LTD.
T219413	147596372	T 33 R 23 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.371	64.9	PRAIRIESKY ROYALTY LTD.
T219414	147601054	T 33 R 23 W3M SW 13 All Mines and Minerals Excludina All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T219412	147661027	T 33 R 23 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.26	64.855	PRAIRIESKY ROYALTY LTD.
T219411	147676214	T 33 R 23 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215149	147596079	T 33 R 23 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T215150	147661140	T 33 R 23 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T215151	147642284	T 33 R 23 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T215152	147546737	T 33 R 23 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	161.02	65.163	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T215153	147642273	T 33 R 23 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T215154	147609399	T 33 R 23 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T215155	147642824	T 33 R 23 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T215156	147653220	T 33 R 23 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T213776	147659978	T 30 R 24 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T221980	147596226	T 30 R 24 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.37	64.9	PRAIRIESKY ROYALTY LTD.
T221979	147597801	T 30 R 24 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T221978	147669610	T 30 R 24 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T216036	147709749	T 31 R 24 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.56	60.93	PRAIRIESKY ROYALTY LTD.
T222365	147706599	T 31 R 24 W3M SW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.33	60.837	PRAIRIESKY ROYALTY LTD.
T216037	147640316	T 31 R 24 W3M NE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T222395	147647065	T 31 R 24 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T222398	147706825	T 31 R 24 W3M SE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.27	60.812	PRAIRIESKY ROYALTY LTD.
T222400	147709817	T 31 R 24 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.36	60.849	PRAIRIESKY ROYALTY LTD.
T216390	147563387	T 31 R 24 W3M NE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T216391	147706847	T 31 R 24 W3M SE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.17	60.772	PRAIRIESKY ROYALTY LTD.
T216392	147706993	T 31 R 24 W3M SW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.71	60.586	PRAIRIESKY ROYALTY LTD.
T216038	147554725	T 31 R 24 W3M NE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.22	65.244	PRAIRIESKY ROYALTY LTD.
T222442	147548672	T 31 R 24 W3M NW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.98	65.147	PRAIRIESKY ROYALTY LTD.
T222443	147550800	T 31 R 24 W3M SE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.3	65.276	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222444	147544870	T 31 R 24 W3M SW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.05	65.175	PRAIRIESKY ROYALTY LTD.
T216039	147639099	T 31 R 24 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.72	65.041	PRAIRIESKY ROYALTY LTD.
T222393	147649898	T 31 R 24 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.52	64.96	PRAIRIESKY ROYALTY LTD.
T216299	147645793	T 31 R 24 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.75	65.054	PRAIRIESKY ROYALTY LTD.
T216300	147602482	T 31 R 24 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T216301	147555119	T 31 R 24 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	161.19	65.232	PRAIRIESKY ROYALTY LTD.
T214665	147642161	T 32 R 24 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.63	65.005	PRAIRIESKY ROYALTY LTD.
T214666	147599690	T 32 R 24 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214667	147653488	T 32 R 24 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T214668	147656885	T 32 R 24 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T214670	147639112	T 32 R 24 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.72	65.041	PRAIRIESKY ROYALTY LTD.
T214671	147641171	T 32 R 24 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T216040	147645861	T 31 R 25 W3M NE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.75	65.054	PRAIRIESKY ROYALTY LTD.
T222445	147709828	T 31 R 25 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.34	60.841	PRAIRIESKY ROYALTY LTD.

Brine Metallic and Industrial Minerals Lease Term Sheet

Parties	PrairieSky Royalty Ltd. ("PSK") as Lessor Grounded Lithium Corp. ("GLC") as Lessee
Leased Lands and Production Spacing Unit	Leases to be issued for the spacing unit as defined in any enacted regulations related to Brine Deposits; one section in the absence of specific regulations.
Leased Substances	"Brine Deposits" means subsurface natural mineral salts, dissolved in geological formation waters, including but not limited to boron, calcium, lithium, magnesium, potassium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds.
Leased Formations	Devonian
Primary Term	Upon commencement of Commercial Operations triggered by GLC requesting a Lease, that period to take the Primary Term to March 31, 2030.
Initial Consideration	Brine Metallic and Industrial Minerals Work Permit dated March 11, 2022 between PSK and GLC.
Rentals	\$3.50 per hectare, annually.

Brine Metallic and Industrial Minerals Lease Term Sheet

Lease Tenure	For as long as Production Operations are being conducted in Paying Quantities.
	"Production Operations" means any of the following:
	production of Leased Substances in Paying Quantities; (i)
	(ii) processing any Leased Substances produced from the Leased Lands through facilities as is reasonably necessary to extract any one or more marketable mineral compounds from the brine water in which the Leased Substances were dissolved in the reservoir, including any period of time that all wells on the Leased Lands are produced may be shut-in until the process for extracting the Leased Substances is completed;
	(iii) disposal of waste brine water after extraction of Leased Substances; such disposal is restricted to waste brine water directly related to Lessee's operations on the Leased Lands;
	(iv) well completion or re-completion operations, including the testing and installation of the production casing, tubing and wellhead equipment and all other equipment and material necessary for the permanent preparation of a well for the production of Leased Substances in Paying Quantities;
	(v) equipping and tie-in of a well for the purpose of obtaining production of Leased Substances in Paying Quantities from that well;
	(vi) reworking, fracture stimulating, acidizing or stimulating a well for the purpose of obtaining or increasing production of Leased Substances in Paying Quantities from that well; or
	(vii) maintaining, repairing or replacing Equipment, facilities or pipelines used for the production, gathering, treating or processing of Leased Substances;
	"Paying Quantities" means the production of a sustainable quantity of Leased Substances from a well that is sufficient to provide a reasonable Royalty for Lessor taking into consideration all factors including the operating costs, the kind and quality of production, the availability of markets, the market price to be received, and the Royalty or other royalties and burdens payable.
Royalty Determination Point	Outlet of the processing facility of brine water that produces marketable Leased Substances.

Brine Metallic and Industrial Minerals Lease Term Sheet

Royalty Rate and No Deductions in the Calculation of Lessor Royalty; Ability to Take Lessor Royalties in Kind	Redacted: commercially sensitive information.

Current Market Value for Determination of Royalty Payable	Redacted: commercially in sensitive information.
Any Tax Levied on Lessor's Interest, Including Saskatchewan Acreage Tax, pertaining to this Lease	Redacted: commercially sensitive information.

Brine Metallic and Industrial Minerals Lease Term Sheet

Equitable Exploitation	Provisions with respect to rateable production, density, pooling and unitization to ensure equitable exploitation of Leased Substances from the Leased Lands within a geographic operating area.
Offset Obligation	Redacted: commercially sensitive information.
Laws and Regulations	The Lease will be governed by and construed within the laws and regulations related to Leased Substances within the province of Saskatchewan as they become enacted and change from time to time.
Boilerplate	PSK standard boilerplate provisions including but not limited to Grant and Continuation, Operations, Reports and Audit, Default and Waiver of Equitable Remedies, Force Majeure, Limitations, Waivers, Notices, Governing Laws and Assignment.
Well Data Requirements	Requirements as set out, and updated from time to time, under Land Compliance on www.prairiesky.com

Computershare Trust Company of Canada Brine Minerals Work Permit dated September 6, 2022 between Computershare Trust Company of Canada, New Trustee for Montreal Trust Company of Canada, as agent for National Trust Company Limited, successor to Victoria and Grey Trust Company, as per Court Order dated December 19, 2002 and Grounded Lithium Corp. ("Computershare Permit").

Redacted – commercially sensitive information.

Private Freehold Subsurface Mineral Leases dated March 1, 2021: Six (6) Individual Freehold Subsurface Minerals Leases involving Amanda Deschner, Christina Deschner, Deborah Cooke, Roger Ricard, Laurie Swalm and Lorne Swalm, as individual lessors, and Grounded Lithium Corp., as lessee.

Redacted – commercially sensitive information.

Schedule "B"

This is Schedule "B" attached to and forming part of Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

The form of Joint Venture Agreement is attached here

KINDERSLEY JOINT VENTURE AGREEMENT

BETWEEN

DENISON MINES CORP.

AND

GROUNDED LITHIUM CORP.

Dated effective as of the ______ day of _________ 202_

	ARTICLE 1 INTERPRETATION 1
1.1	DEFINITIONS. 1
1.2	HEADINGS. 6
1.3	EXPANDED MEANINGS. 6
1.4	ROUNDING OF NUMERICAL FIGURES. 7
1.5	CALCULATION OF NUMBER OF DAYS. 7
1.6	ENTIRE AGREEMENT AND AMENDMENTS. 7
1.7	GOVERNING LAW. 7
1.8	CURRENCY. 7
1.9	APPENDICES. 8
	ARTICLE 2 REPRESENTATIONS AND WARRANTIES; TITLE 8
2.1	CAPACITY OF PARTICIPANTS. 8
2.2	DISCLOSURES. 9
2.3	TITLE, RECORD. 9
2.4	JOINT LOSS OF TITLE. 9
2.5	ENCUMBERING JOINT VENTURE PROPERTY. 9
	ARTICLE 3 NAME, PURPOSES AND TERM 10
3.1	GENERAL 10
3.2	NAME 10
3.3	PURPOSES 10
3.4	LIMITATION 10
3.5	TERM 10
	ARTICLE 4 RELATIONSHIP OF THE PARTICIPANTS 10
4.1	NO PARTNERSHIP 10
4.2	GOODS AND SERVICES TAX 11
4.3	OTHER BUSINESS OPPORTUNITIES 11
4.4	WAIVER OF RIGHT TO PARTITION 11
4.5	TRANSFER OR TERMINATION OF RIGHTS TO PROPERTIES 11
4.6	EMPLOYEES 12
4.7	OBLIGATIONS OF THE PARTICIPANTS 12
	ARTICLE 5 INTERESTS OF PARTICIPANTS 12
5.1	INITIAL PARTICIPATING INTERESTS AND CONTRIBUTIONS. 12
5.2	CHANGES IN PARTICIPATING INTERESTS 13
5.3	REDUCTION IN PARTICIPATING INTEREST 13
5.4	DEFAULT IN MAKING CONTRIBUTIONS 14
5.5	ELIMINATION OF MINORITY INTEREST 15
5.6	CONTINUING LIABILITIES UPON ADJUSTMENTS OF PARTICIPATING INTERESTS 15
5.7	PURCHASE OF ROYALTY INTEREST 15
	ARTICLE 6 MANAGEMENT COMMITTEE 16
6.1	MANAGEMENT COMMITTEE AUTHORITY 16
6.2	ORGANIZATION AND COMPOSITION 16

6.3	DECISIONS 16
6.4	DECISIONS REQUIRING SPECIAL APPROVAL 16
6.5	MEETINGS 17
6.6	ELECTRONIC MEETINGS 18
6.7	APPROVAL IN WRITING 18
6.8	DEADLOCK 18
6.9	TECHNICAL COMMITTEE. 18
	ARTICLE 7 OPERATOR 18
7.1	APPOINTMENT 18
7.2	POWERS AND DUTIES OF THE OPERATOR 18

7.3	STANDARD OF CARE. 21
7.4	OPERATOR'S LIABILITY 21
7.5	PAYMENTS TO THE OPERATOR 21
7.6	TRANSACTIONS WITH AFFILIATES 21
7.7	RESIGNATION/RIGHT TO REMOVE 21
7.8	ACTIVITIES DURING DEADLOCK 22
7.9	TRANSFER OF PROPERTY ON CESSATION OF OPERATOR. 23
	ARTICLE 8 PROJECT AREAS & LAND CONTINUATION 23
8.1	DIVISION OF PROGRAM LANDS INTO PROJECT AREAS 23
8.2	OPERATION OF PROJECT AREAS. 24
8.3	LAND CONTINUATION EXPENDITURES. 24
8.4	PROJECT AREA FOR LAND CONTINUATION. 24
8.5	EARN-BACK ELECTION. 25
	ARTICLE 9 PLANS AND BUDGETS 25
9.1	INITIAL PLAN AND BUDGET 25
9.2	SUBSEQUENT PLANS AND BUDGETS 25
9.3	OPERATIONS PURSUANT TO PLANS AND BUDGETS 25
9.4	REVIEW AND APPROVAL OF PROPOSED PLANS AND BUDGETS 26
9.5	ELECTION TO PARTICIPATE 26
9.6	DEADLOCK ON PROPOSED PLANS AND BUDGETS. 27
9.7	PROGRAM CHANGES. 27
9.8	EMERGENCY OR UNEXPECTED EXPENDITURES. 27

	ARTICLE 10 DEVELOPMENT DECISIONS 27
10.1	INITIATION OF DEVELOPMENT WORK 27
10.2	COMMISSIONING A FEASIBILITY STUDY 28
10.3	MANAGEMENT COMMITTEE'S CONSIDERATION OF FEASIBILITY STUDY 28
10.4	ANNUAL DEVELOPMENT PROGRAMS 30
	ARTICLE 11 PRODUCTION 30
11.1	PRODUCTION RATE. 30
11.2	ANNUAL PRODUCTION PROGRAMS. 30
	ARTICLE 12 ACCOUNTS AND SETTLEMENTS 31
12.1	MONTHLY STATEMENTS 31
12.2	INVOICES AND CASH CALLS 31
12.3	FAILURE TO MEET INVOICES AND CASH CALLS 31

	ARTICLE 13 PROGRAM FINANCING AND DISPOSITION OF PRODUCTION 31

13.1	COOPERATION FOR FINANCING. 31
13.2	PRODUCTS. 32
13.3	TAKING IN KIND. 32
	ARTICLE 14 WITHDRAWAL AND TERMINATION 32
14.1	TERMINATION 32
14.2	WITHDRAWAL. 32
14.3	CONTINUING OBLIGATIONS 33
14.4	DISPOSITION OF JOINT VENTURE PROPERTY ON TERMINATION 33
14.5	RIGHT TO DATA AFTER TERMINATION. 33
14.6	CONTINUING AUTHORITY 34
	ARTICLE 15 ABANDONMENT AND SURRENDER OF PROPERTIES AND AREA OF
	INTEREST 34
15.1	SURRENDER OR ABANDOMNMENT OF PROPERTY 34
15.2	REACQUISITION 34
15.3	AREA OF INTEREST 34
	ARTICLE 16 TRANSFER OF INTEREST 35
16.1	GENERAL. 35
16.2	LIMITATIONS ON FREE TRANSFERABILITY 35
16.3	RIGHTS OF FIRST REFUSAL. 36
16.4	EXCEPTIONS TO RIGHTS OF FIRST REFUSAL. 37
	ARTICLE 17 CONFIDENTIALITY 38
17.1	GENERAL. 38
17.2	EXCEPTIONS. 38
17.3	DURATION 38
17.4	PUBLIC STATEMENTS 38
	ARTICLE 18 RESOLUTION OF DISPUTES 39
18.1	NEGOTIATED SETTLEMENT 39
18.2	ARBITRATION. 39
18.3	CONTINUATION OF PERFORMANCE 40
	ARTICLE 19 GENERAL PROVISIONS 40
19.1	NOTICES 40
19.2	WAIVER 41
19.3	FORCE MAJEURE 41
19.4	RULES AGAINST PERPETUITIES 41
19.5	FURTHER ASSURANCES 42
19.6	SURVIVAL OF TERMS AND CONDITIONS 42
19.7	SUCCESSORS AND ASSIGNS 42
19.8	EXECUTION AND COUNTERPARTS 42
	APPENDIX A1 LIST OF JOINT VENTURE PROPERTY 1
SECTION 1.	MINERAL INTERESTS 1
SECTION 2.	TANGIBLE ASSETS 1
SECTION 3.	INTANGIBLE ASSETS 1
	APPENDIX A2 2

APPENDIX B LIST OF ENCUMBRANCES AGAINST PROPERTIES 1
APPENDIX C ACCOUNTING AND FINANCIAL PROCEDURES 1
APPENDIX D INSURANCE 1
APPENDIX E ROYALTY TERMS 1

KINDERSLEY JOINT VENTURE AGREEMENT

THIS AGREEMENT is made with effect as of the ___ day of , 202 .

BETWEEN:

DENISON MINES CORP., a company organised under the laws of Ontario with its main office in Toronto ("DML")

AND:

GROUNDED LITHIUM CORP., a company organised under the laws of Alberta with its main office in Calgary ("GRD")

RECITALS

A. Pursuant to the provisions of the Earn-In Agreement, DML and GRD are the beneficial owners of certain Mineral Interests located in Saskatchewan which are described in Appendix A.
B. Denison and GRD wish to set forth the terms and conditions governing the ownership and commercial exploitation of such Mineral Interests.

NOW, THEREFORE, in consideration of the premises and mutual obligations hereinafter described, the receipt and sufficiency of which consideration is acknowledged, and intending to be legally bound, the parties agree as follow:

ARTICLE 1 INTERPRETATION

1.1 DEFINITIONS. In this Agreement, the following capitalized words, terms and expressions, and any derivatives thereof as the context may require, will have the following meanings:
(a) "Accounting and Financial Procedure" means the procedures set forth in Appendix C;
(b) "Affiliate" means any corporation or other form of enterprise that directly or indirectly controls, is controlled by, or is under common control with a Participant. For purposes of the preceding sentence "control" means possession, directly or indirectly of the power to elect a majority of directors of the corporation or to direct or cause direction of management and policies through ownership of voting securities, a voting trust or otherwise;
(c) "Aggregate Contributions" has the meaning given to this expression in section 5.3 (Reduction in Participating Interest);
(d) "Agreement" means this document as a whole and the attached Appendixes, and all amendments and modifications thereof, and the expressions "herein", "hereto",

"hereunder", "hereof" and similar expressions refer to this Agreement as so defined, and not to any particular Article, Section, subsection or other subdivision hereof;

(e) "Annual Development Program" means a Plan and Budget for Development Work approved by the Management Committee pursuant to Section 9.4 (Annual Development Program);
(f) "Annual Meeting" has the meaning given this expression in Section 6.4 (Meetings);
(g) "Annual Production Program" means a Plan and Budget for Production Work approved by the Management Committee pursuant to Section 10.2 (Annual Production Program);
(h) "Applicable Law" means, at any time, in respect of any individual, legal entity, property, transaction, event or other matter, all then current laws, rules, statutes, regulations, treaties, orders, judgments, decrees and other binding requirements of any authority having jurisdiction over such individual, legal entity, property, transaction, event or other matter;
(i) "Approved Development Program" means the Program established by the Management Committee pursuant to Section 9.3 (Management Committee's Consideration of Feasibility Study);
(j) "Attributable Contributions" has the meaning given this expression in Section 8.1 (Division of Program Lands into Project Areas);
(k) "Business" means the contractual relationship of the Participants under this Agreement;
(l) "Business Account" means the internal financial account and ledger maintained by the Operator for the Business in accordance with the Accounting and Financial Procedure;
(m) "Cash Call" has the meaning given this term in Section 12.2 (Invoices and Cash Calls);
(n) "Chairman" has the meaning given this term in Section 6.1 (Organization and Composition);
(o) "Commercially Feasible" means, as used in connection with Development Work and Production Work, the Mineral Interest is of sufficient quantity and quality so that the end Products will yield sufficient revenues to cover all costs of the Development Work, Production Work and a reasonable rate of return on the necessary financial investment in connection with such Operations;
(p) "Cost Share" has the meaning given this term in the Accounting and Financial Procedure;
(q) "Development Work" means all activities, following the establishment of an Approved Development Program for a Project Area, directed towards preparing for the removal and recovery of Products, including the development, construction or installation of production facilities or any other improvements to be used for the production, handling, processing or other beneficiation of Products;
(r) "Earn-In Agreement" means the Earn-In Agreement between GRD and DML dated January 15, 2024;
(s) "Effective Date" means the date that this Agreement is made with effect as shown at the top of page 1 of this Agreement;
(t) "Exploration Program" means a Plan and Budget for Exploration Work that is approved by the Management Committee pursuant to Article 8 (Plans and Budgets);
(u) "Exploration Work" means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products, including, without limitation, all preliminary economic assessment work, all prefeasibility work, all work on the Feasibility Study, and all work on environmental approvals; but in no case shall Exploration Work for a Project Area include any work done subsequent to the establishment of an Approved Development Program for such Project Area;
(v) "Feasibility Study" means a technical report commissioned pursuant to Article 9 (Development Decisions) to determine if Development Work and Production Work should be carried out on the Properties or any portion thereof, which report will be prepared by or on behalf of the Operator, based upon the Exploration Work performed prior to the date of such report. The Feasibility Study should address, inter alia, the following matters:
(i) the general results of the Exploration Work, including analysis, if warranted, of the estimated recoverable reserves and the estimated mineral composition and content thereof; a proposed production design, including waste treatment and handling; a general conceptual analysis of the permitting and environmental liability implications of the proposal; appropriate metallurgical tests to project the efficiency of proposed extraction, recovery and, if applicable, processing techniques; and such other analyses deemed appropriate by the Operator;
(ii) a reasonable estimate of the capital cost for the development and start-up of Production, including, if proposed, the cost of a production facility and other processing and ancillary facilities, which cost estimate shall including the following:
- A. a reasonable estimate of material expenditures required to purchase, construct, and install all material machinery, equipment and other facilities and infrastructure (including contingencies) required to begin commercial Production;
- B. reasonable estimates of material expenditures required to perform all other related work required to begin commercial Production; and
- C. a projected schedule of the timing of the estimated material capital requirements to begin commercial Production;
(iii) a reasonable estimate of the annual expenditures required for the first year of Production, and for subsequent years of Production operations, including estimates of annual production, administrative, operating, and maintenance expenditures, taxes (other than income taxes), working capital funding requirements, royalties, material equipment leasing or material supply contract expenditures, expansion or modification capital requirements, work commitments, and all other anticipated material costs of operations;
(iv) a review of the nature, extent, and rated capacity of the development and production equipment and a proposed Production schedule;
(v) such financial information and technical standards as are sufficient to enable major institutional lenders experienced in resource financings to make a decision whether to provide project financing;
(vi) studies of necessary environmental, community consultation and native title impacts of sufficient detail to be acceptable to the relevant authorities;
(vii) a schedule of relevant government, statutory and other necessary approvals; and
(viii) such other information as the Operator deems appropriate for the purpose of making its own internal determination with respect to proceeding to a development decision;
(w) "Initial Contribution" means the contribution each Participant has made or agrees to make pursuant to Section 5.1 (Initial Participating Interests and Contributions);
(x) "Joint Account" means the account maintained in accordance with the Accounting and Financial Procedures showing the charges and credits accruing to the Participants;
(y) "Joint Venture" means the business arrangement and venture undertaken by the Participants pursuant to this Agreement and shall include all activities of the Participants relating to or connected with this Agreement;
(z) "Joint Venture Expense" means all charges, costs and expenses incurred for Programs by the Operator in preparing and presenting Plans and Budgets and in the proper performance of its duties and obligations under this Agreement, in addition to other charges as authorized by the Management Committee or specifically referenced as a Joint Venture Expense in this Agreement, including, without limitation, in the Accounting and Financial Procedures, and charges, costs and expenses which this Agreement obligates the Participants to bear their respective Cost Share;
(aa) "Joint Venture Property" means the Properties, Products and all other real, personal, tangible and intangible property and all kinds of rights held by or for the benefit of the Participants or hereinafter acquired pursuant or subject to this Agreement. The Joint

Venture Property as of the Effective Date of this Agreement is set described in Appendix A (List of Joint Venture Property);

(bb) "Land Continuation Expenditures" means any proposed charges, costs and expenses to be incurred for field work and other activities conducted with the express purpose of preserving or continuing land tenure of the Mineral Interests;
(cc) "Management Committee" means the committee established under Article 6 (Management Committee);
(dd) "Mineral Interests" means the mineral property interests, including mineral permits granted by the Government of Saskatchewan and the freehold leases and permits, which are held by GRD as of the Effective Date, as listed in Section 1 of Appendix A (List of Joint Venture Property) and any dispositions, claims or other mineral interests acquired or granted in substitution for or replacement thereof;
(ee) "Operations" means any and all activities carried out under this Agreement;
(ff) "Operator" means the person or entity appointed under Article 7 (Operator) to manage Operations, or any successor Operator;
(gg) "Participant" and "Participants" mean the persons or entities that from time to time have Participating Interests, and as of the Effective Date means DML and GRD;
(hh) "Participating Interest" means the percentage interest representing the ownership interest of a Participant in the Joint Venture Property and/or any Project Area pursuant to this Agreement and all other rights and interests and obligations and liabilities arising under this Agreement, as such interest may from time to time be adjusted hereunder. Participating Interests shall be calculated to three decimal places and rounded to two (for example, 10.519% shall be rounded to 10.52%). The Participating Interests of the Participants as of the Effective Date are set forth in Section 5.1 (Initial Participating Interests and Contributions);
(ii) "Permitted Encumbrances" means the encumbrances listed in Appendix B (List of Encumbrances Against Properties) to this Agreement;
(jj) "Plan and Budget" means a plan and budget prepared by the Operator and submitted to the Management Committee for approval that includes a detailed statement of the Operations to be carried out, the timetable for performance and the proposed expenditures to be incurred on the Properties and/or each Project Area for Exploration Work, Development Work or Production Work from the Properties;
(kk) "Prime Rate" means the interest rate per annum quoted as the "Prime" rate of interest by Royal Bank of Canada, at its main branch in Saskatoon, as said rate may change from day to day;
(ll) "Production" or "Production Work" means the production, extraction, removal, recovery, processing, refining and handling of Products which are discovered and developed on or in the Properties and other work related thereto as may be incidental or reasonably required;
(mm) "Products" means all ores, concentrates, minerals or other mineral resources produced from the Properties under this Agreement;
(nn) "Project Area" means a portion of the Properties designated as a Project Area pursuant to Article 8 (Project Areas & Land Continuation);
(oo) "Program" means a Plan and Budget in the form in which it was approved by the Management Committee (or deemed to be approved pursuant to this Agreement) for the Properties and/or a Project Area and shall include, without restricting the generality of the foregoing, any Annual Development Program, Exploration Program, Approved Development Program and Annual Production Program;
(pp) "Properties" means the Mineral Interests and any other real property interests held by the Participants described in Appendix A (List of Joint Venture Property) as well as all interests in real property which are hereinafter acquired pursuant or subject to this Agreement;
(qq) "Royalty Interests" means the royalty interests affecting the Mineral Interests described in Appendix A (List of Joint Venture Property);
(rr) "Simple Majority" means greater than 50% of the Participating Interests of the Participants;
(ss) "Security Interest" means a mortgage, lien, charge, pledge, security interest or other encumbrance of any kind or character whatsoever, excluding a Permitted Encumbrance; and
(tt) "Transfer" means sell, grant, assign, encumber, pledge or otherwise dispose of.
1.2 HEADINGS. The division of this Agreement into Articles and Sections, the provision of a table of contents, and the insertion of headings are for convenience of reference only and shall not affect the interpretation of this Agreement.
1.3 EXPANDED MEANINGS. In this Agreement:
(a) words importing the masculine gender include the feminine and neuter genders;
(b) the singular shall include the plural and vice versa unless the context requires otherwise;
(c) references to any statute, ordinance or other law shall include all regulations and other enactments thereunder and all consolidations, amendments, re-enactments or replacements thereof;
(d) where the word "including" or "includes" is used in this Agreement, it means "including

(or includes) without limitation;

(e) a reference to this Agreement, or to any other contracts or agreements, shall mean this Agreement and such other contracts or agreements as amended or restated from time to time;
(f) a reference to a Participant or to the Participants, individually or collectively as the case may be, shall include the successors and permitted assigns of that Participant, individually or collectively as the case may be;
(g) unless otherwise expressly indicated, a reference to a recital, Section or Article is a reference to a recital, Section or Article of this Agreement; and
(h) the language used in this Agreement is the language chosen by the Participants to express their mutual intent, and no rule of strict construction shall be applied against any Participant.
1.4 ROUNDING OF NUMERICAL FIGURES. Whenever a numerical figure is to be rounded or calculated to fewer digits than the number of digits available, the following procedure shall be applied unless otherwise specified herein:
(a) if the first digit discarded is less than five (5), the last digit retained shall not be changed; and
(b) if the first digit discarded is equal to or greater than five (5), the last digit retained shall be increased by one (1).
1.5 CALCULATION OF NUMBER OF DAYS. In any case in which a number of days is prescribed in this Agreement, such number of days shall be determined exclusive of the first day and inclusive of the last day.
1.6 ENTIRE AGREEMENT AND AMENDMENTS. This Agreement, except those provisions of the Earn-In Agreement that expressly survive the execution of this Agreement, contains all the terms of the mutual understanding between the parties with respect to the subject matter of this Agreement and replace any and all written or oral arrangements, correspondence, conversations and documents made and exchanged between the parties with respect to such subject matter prior to the execution of this Agreement. Any modification, alteration, or amendment of this Agreement, or waiver of any provision, which is not in writing and duly executed by both parties, shall be entirely without effect. In the event of any conflict between this Agreement and any Appendix attached hereto, the terms of this Agreement shall be controlling.
1.7 GOVERNING LAW. This Agreement shall be governed by the laws of Saskatchewan and the laws of Canada as applicable therein.
1.8 CURRENCY. All amounts and sums of money payable hereunder shall be paid in lawful

money of Canada and sums of money referred to in this Agreement are expressed in terms of Canadian dollars unless otherwise expressly indicated.

1.9 APPENDICES. The following Appendices are attached to and form part of this Agreement:
(a) Appendix A1 List of Joint Venture Property;
(b) Appendix A2 Map of Joint Venture Property;
(c) Appendix B List of Encumbrances Against Properties;
(d) Appendix C Accounting and Financial Procedure;
(e) Appendix D Insurance; and
(f) Appendix E Royalty Terms.

ARTICLE 2 REPRESENTATIONS AND WARRANTIES; TITLE

2.1 CAPACITY OF PARTICIPANTS. Each of the Participants represents and warrants as follows:
(a) that it is a corporation, duly incorporated and in good standing in its jurisdiction of incorporation and at all relevant times has been properly registered to carry on business and to acquire and hold title to mineral interests in those provinces where it is necessary in order to carry out the purposes of this Agreement;
(b) that it has the capacity to enter into and perform this Agreement and all transactions contemplated herein and that all corporate and other actions, authorizations, consents and approvals required to authorize and enable it to enter into and perform this Agreement have been properly taken;
(c) that it will not breach any other agreement or arrangement by entering into or performing this Agreement;
(d) that this Agreement has been duly executed and delivered by it and is valid and binding upon it in accordance with its terms;
(e) that except for the Permitted Encumbrances, it owns its interest in the Joint Venture Property free and clear of any Security Interest or other claims of any description; and
(f) to its knowledge, that there are no royalties or other latent interests in or encumbrances against the Mineral Interests owing to any party other than those described in Appendix B (List of Encumbrances Against Properties).

The representations and warranties set forth above survive the execution and delivery of this Agreement and continue in full force and effect for the benefit of the Participants.

2.2 DISCLOSURES. Each of the Participants represents and warrants that it is unaware of any material facts or circumstances which have not been previously disclosed to the other Participant in writing or disclosed in this Agreement, which should be disclosed to the other Participant in order to prevent the representations in this Article 2 from being materially misleading.
2.3 TITLE, RECORD. The Participants acknowledge that this Joint Venture shall not itself own any Joint Venture Property. The Participants shall own an undivided interest as tenants in common in all of the Joint Venture Property in accordance with their respective Participating Interests. Title to the Joint Venture Property shall be registered with the Operator and held by the Operator in trust for the benefit of the Participants as tenants-incommon in proportion to their Participating Interests. Subject to Applicable Law, the Participants who are not the Operator shall be entitled to have their interests registered on title.
2.4 JOINT LOSS OF TITLE. Any failure or loss of title to the Joint Venture Properties, and all costs of defending title, shall be charged to the Joint Account, except that, subject to the terms and conditions of the Earn-In Agreement, all costs and losses arising out of or resulting from breach of any of the representations and warranties of GRD as to title contained in the Earn-In Agreement shall be charged to and borne solely by GRD and all costs and losses arising out of or resulting from breach of any of the Operator's duties or responsibilities that may affect title shall be charged to and borne solely by the Operator.

2.5 ENCUMBERING JOINT VENTURE PROPERTY.

(a) Other than Permitted Encumbrances and in conjunction with a project financing undertaken by the Participants, no Participant will grant any Security Interest or otherwise charge any portion of the Joint Venture Property, its Participating Interest or its interest under this Agreement except as specifically provided in this Section 2.5. A Participant's Participating Interest may be pledged or encumbered with the approval of all other Participants, such approval not to be unreasonably withheld, excepting that such approval is not required if the pledge or encumbrance is in the form of a fixed or floating charge granted as against all the assets of the Participant in the ordinary course of its business. For purposes of this Section 2.5, it shall be unreasonable for any Participant to withhold its approval if the pledging or encumbering in question is registered or required to enable a Participant to provide its Cost Share of Joint Venture Expenses incurred in proceeding with Development Work or Production Work. Any pledge or encumbrance which is placed against the Participating Interest of any particular Participant shall be the sole responsibility of such Participant.
(b) It shall be a condition precedent to the granting of any Security Interest that the holder of the Security Interest first undertakes to each Participant that such Security Interest will be subordinate to the terms of this Agreement and the rights and interests of each Participant

and that upon any enforcement or realization under such Security Interest the holder shall be deemed to have assumed the position of the Participant granting the Security Interest with respect to this Agreement and the other Participants and shall be bound by and comply with the terms and provisions of this Agreement as if it were the Participant who granted the Security Interest.

ARTICLE 3 NAME, PURPOSES AND TERM

3.1 GENERAL. DML and GRD hereby enter into this Agreement to establish a Joint Venture for the purposes hereinafter stated and all of their respective rights and obligations and all of the Operations on or in connection with the Properties shall be subject to and governed by this Agreement.
3.2 NAME. The name of this Joint Venture shall be the Kindersley Joint Venture. The Operator shall effect all registrations required under any applicable legislation.
3.3 PURPOSES. This Agreement is entered into for the following purposes and for no others, and shall serve as the exclusive means by which the Participants, or either of them, accomplish such purposes:
(a) to conduct Exploration Work on the Properties;
(b) to evaluate possible Development Work and Production Work on the Properties;
(c) to engage in Development Work and Production Work on the Properties;
(d) to conduct decommissioning and reclamation of the Properties upon the cessation of Production Work; and
(e) to perform any other activity necessary, appropriate, or incidental to any of the foregoing,

all in accordance with good industry practice and for the mutual benefit of the Participants.

3.4 LIMITATION. Unless the Participants otherwise agree in writing, the Operations shall be limited to the purposes described in Section 3.3 (Purposes), and nothing in this Agreement shall be construed to enlarge such purposes.
3.5 TERM. This Agreement shall remain in effect until all the purposes of the Joint Venture under this Agreement as set forth in section 3.3 (Purposes) are accomplished, unless terminated earlier in accordance with the provisions hereof.

ARTICLE 4 RELATIONSHIP OF THE PARTICIPANTS

4.1 NO PARTNERSHIP. Nothing contained in this Agreement shall constitute any Participant as the partner of the other, nor, except as otherwise herein expressly provided, constitute either Participant the agent or legal representative of the other, nor to create any fiduciary relationship between them. It is not the intention of the Participants to create, nor shall this Agreement be construed to create, any commercial or other partnership. Neither Participant shall have any authority to act for or to assume any obligation or responsibility on behalf of the other Participant, except as otherwise expressly provided herein. The rights, duties, obligations and liabilities of the Participants shall be several and not joint or collective. Each Participant shall be responsible only for its obligations as herein set out and shall be liable only for its share of the costs and expenses as provided herein, it being the express purpose and intention of the Participants that their ownership of the Joint Venture Property and the rights acquired hereunder shall be as tenants in common. Each Participant shall indemnify, defend and hold harmless the other Participant(s), its directors, officers, employees, agents, representatives and attorneys from and against any and all losses, claims, damages and liabilities arising out of any act or any assumption of liability by the indemnifying Participant, or any of its directors, officers, employees, agents, representatives and attorneys done or undertaken or apparently done or undertaken, on behalf of the other Participant, except pursuant to the authority expressly granted herein or as otherwise agreed in writing between the Participants.

4.2 GOODS AND SERVICES TAX. With respect to the Goods and Services Tax (the "GST") under Part IX of the Excise Tax Act (Canada) (the "Act") the Participants and the Operator shall be registrants and the Operator shall account for all GST in respect of any supplies made to or by the Joint Venture. The Participants will each execute and provide to the Operator an election (the "Election") pursuant to Section 273 of the Act, confirming that the Operator shall account for all GST in respect of any supplies made to or by the Joint Venture and Operator shall file the Election with Canada Revenue Agency along with the Operator's return as and when required under Part IX and Section 273 of the Act.
4.3 OTHER BUSINESS OPPORTUNITIES. Except as expressly provided in this Agreement, each Participant shall have the right to engage in and receive full benefits from independent business activities, whether or not competitive with the Operations, without consulting the other. The doctrines of "corporate opportunity" or "business opportunity" shall not be applied to any other activity, venture or operation of either Participant and, without implied limitation but subject to the terms of this Agreement, a Participant will not be accountable to the others for participation in any other activity, venture or operation which is in direct competition with the activity, venture or operation of the Joint Venture or other Participants. Each Participant's nominees to the Management Committee will be under no fiduciary or other duty or other obligation to the Joint Venture in respect of any matter and may act in the best interest of the Participant which nominated him or her to the Management Committee.
4.4 WAIVER OF RIGHT TO PARTITION. The Participants hereby waive and release all rights of partition, or of sale in lieu thereof, or other division of Joint Venture Property, including any such rights provided by statute.
4.5 TRANSFER OR TERMINATION OF RIGHTS TO PROPERTIES. Except as otherwise provided in this Agreement, no Participant shall Transfer a portion or all of its

Participating Interest or a portion or all of its interest in or to this Agreement or any of the Joint Venture Property or otherwise permit or cause such interests to terminate.

4.6 EMPLOYEES. Employees of the Operator are not and shall not be employees of any other Participant or of the Joint Venture.
4.7 OBLIGATIONS OF THE PARTICIPANTS. In order to facilitate the proper and timely performance of all Programs, each of the Participants hereto covenants and agrees as follows:
(a) all Joint Venture Expenses shall be borne by the Participants pro rata according to their respective Participating Interests, unless otherwise specifically provided for in the Earn-In Agreement or this Agreement and each Participant shall pay its proportionate share in accordance with Appendix C (Accounting and Financial Procedures);
(b) to perform its obligations pursuant to this Agreement and to comply with all Applicable Laws, insofar as same apply to this Joint Venture;
(c) to use its best efforts to cause the Operator to perform its obligations pursuant to this Agreement and all other related agreements to the extent that the failure to perform such obligations affects or may affect the rights of any of the Participants to this Agreement;
(d) to pay and cause to be paid all applicable royalties and other valid taxes, levies and other amounts properly payable and arising in whole or in part out of the participation by such Participant in this Joint Venture;
(e) to refrain from holding out itself or any of its representatives as representing this Joint Venture, except as the Chairman of the Management Committee may be specifically authorized pursuant to this Agreement, and to act in respect of the Joint Venture only through its representatives participating in the Management Committee as contemplated by this Agreement; and
(f) to give prompt notice to the other Participants and to the Management Committee of any event of default of which it becomes aware affecting it, any other Participant, the Operator or this Joint Venture.

ARTICLE 5 INTERESTS OF PARTICIPANTS

5.1 INITIAL PARTICIPATING INTERESTS AND CONTRIBUTIONS. The Participants' initial Participating Interests and Initial Contributions will be as follows:

Participant	Initial Participating Interest	Initial Contribution
DML	●%	\$●
GRD	●%	\$●

At the time of execution of this Agreement, each of the Participants shall share and be responsible for all the benefits and obligations of the Joint Venture in accordance with such Participating Interests.

5.2 CHANGES IN PARTICIPATING INTERESTS. A Participant's Participating Interest shall only be changed as follows:
(a) as provided in Section 5.5 (Elimination of Minority Interest);
(b) upon an election by a Participant pursuant to Section 5.3 (Reduction in Participating Interest) to contribute less to an adopted Program than its pro rata share of such Program based on the respective Participant's percentage Participating Interest;
(c) in the event of default by a Participant in making its agreed-upon pro-rata contribution to a Program, followed by an election by the other Participant(s) to invoke Section 5.4 (Default in Making Contributions);
(d) upon a transfer by a Participant of some or all its Participating Interest in accordance with Article 15 (Transfer of Interest); or
(e) upon an acquisition of some or all of the Participating Interest of the other Participant, however arising.
5.3 REDUCTION IN PARTICIPATING INTEREST. A Participant (referred to in this Section as a "Non-contributing Participant") may elect, as provided in Section 9.5 (Election to Participate), to limit its contributions to a Program to: (i) an amount less than the percentage equal to its Participating Interest; or (ii) not at all.
(a) If a Non-contributing Participant elects to contribute to a particular Program an amount less than the percentage equal to its Participating Interest, or not at all, (the amount which the Non-contributing Participant does not contribute is referred to in this section as the "Contribution Shortfall") the other Participant(s) may contribute, in whole or in part, the Contribution Shortfall. If the other Participant(s) elect to contribute the Contribution Shortfall in accordance with Section 9.5 (Election to Participate), the Participating Interest of the Non-contributing Participant and the other Participants shall be recalculated at the time of the election to contribute to a particular Program some lesser amount than according to the Non-contributing Participant's respective Participating Interest, or not at all, in accordance with the following formula:

$$
RPI = \left(\frac{A+B}{C+D}\right) \times 100
$$

Where:

"RPI" is the recalculated Participating Interest of the Non-contributing Participant or the other Participant, as the case may be;

"A" is the total of all past contributions hereunder of the Non-contributing Participant or the other Participant, as the case may be;

"B" is the amount, if any, the Non-contributing Participant or the other Participant, as the case may be, contributes to the particular Program;

"C" is the total of all past contributions hereunder of all the Participants (the "Aggregate Contributions"); and

"D" is the entire amount contributed by all the Participants to the particular Program, including any contribution in respect to the Contribution Shortfall.

(b) The election of a Participant not to participate in a particular Program shall not preclude that Participant from participating in subsequent Programs to the extent of its adjusted Participating Interest. No adjustment to any Participating Interest pursuant to the provisions hereof shall affect the validity of any vote taken by the Participants on the basis of their Participating Interests prior to such adjustment.
(c) As soon as reasonably possible after the completion of each operating year the Operator shall provide the Participants with a written statement specifying the Participating Interest of all of the Participants in each Project Area, based upon actual expenditures, for the previous year and particulars regarding the determination of same in the event the Participating Interests have been adjusted in accordance with this provision (the "Participating Interest Notice"). Each Non-contributing Participant who would otherwise have its interest diluted shall have an option, exercisable within thirty (30) days of receipt of the Participating Interest Notice, to redeem its position if actual expenditures for a Program for the Operating Year are less costly by at least twenty-five (25%) percent than that which was not accepted by the forfeiting Participant. Payment of the Cost Share in accordance with the statement of expenditures shall be made within thirty (30) days following such election.
(d) No Participant to this Joint Venture shall have any dilution rights except as provided for in this Section 5.3 and in Section 5.4 (Default in Making Contributions).
5.4 DEFAULT IN MAKING CONTRIBUTIONS. Subject to its rights under Sections 5.3 (Reduction in Participating Interest) and 9.5 (Election to Participate) to elect to contribute to a Program in some lesser amount than its Participating Interest, if a Participant (referred to in this Section as a "Defaulting Participant") defaults in making a contribution or Cash Call required by a Program in the amount of its Participating Interest, the Operator, or any non-defaulting Participant, will give all of the Participants notice of the particulars of the Defaulting Participant's default. If a default is not cured within thirty (30) days after notice to the Defaulting Participant of such default, the defaulting Participant shall be deemed to have withdrawn as a Participant from the Properties or applicable Project Area(s) to which such default relates and the non-defaulting Participants' Participating Interest shall be increased in accordance with the provisions of Section 5.3 (Reduction in Participating Interest).
5.5 ELIMINATION OF MINORITY INTEREST. Upon the reduction of its Participating Interest in the Properties (including all Project Areas) to ten percent (10%) or less, a Participant (the "Reduced Participant") thereafter shall be deemed to have withdrawn as a Participant from this Agreement and to have automatically relinquished its entire Participating Interest. Such relinquished Participating Interest shall be deemed to have accrued automatically to the other Participants pro rata. Coincident with the relinquishment of Reduced Participant's Participating Interest, the other Participants shall automatically be deemed to have granted the Reduced Participant a royalty in accordance with the provisions of the attached Appendix E (Royalty Terms). If a Project Area has been designated, upon the reduction of its Participating Interest to ten percent (10%) or less in such Project Area, a Reduced Participant thereafter shall be deemed to have withdrawn as a Participant in such Project Area and to have automatically relinquished its Participating Interest in such Project Area. Such relinquished Participating Interest in a Project Area shall be deemed to have accrued automatically to the other Participants in the Project Area pro rata and the other Participants shall automatically be deemed to have granted the Reduced Participant a royalty in the Project Area in accordance with the provisions of the attached Appendix E (Royalty Terms).
5.6 CONTINUING LIABILITIES UPON ADJUSTMENTS OF PARTICIPATING INTERESTS. Effective as of the Effective Date, the Participant's shall be equalized into the Joint Venture such that each Participant shall share and be responsible for all the benefits and obligations of the Joint Venture in accordance with their initial Participating Interests. Any reduction of a Participant's Participating Interest under this Article 5 shall impact such Participant's share of any liability as follows: (a) prior to any Production Work being undertaken on the Properties or Project Area (as applicable), such Participant's share of such liability shall be equal to its Participating Interest at the time such liability was incurred; and (b) following the commencement of Production Work being undertaken on the Properties or Project Area (as applicable), such Participant's share of such liability shall be equal to its Participating Interest at the time such Production Work commenced on the applicable Properties or Project Area. The increased Participating Interest acquired by a Participant as a result of the reduction of the other Participant's Participating Interest shall be free of royalties, liens or other encumbrances arising by, through or under such other Participant, other than those occurring under this Agreement, those existing at the time the Properties were acquired or those to which the Participants have given their written consent. An adjustment to a Participating Interest need not be evidenced during the term of this Agreement by the execution and recording of appropriate instruments, but each Participant's adjusted Participating Interest shall be shown in the books of the Operator. However, any Participant, at any time upon the request of another Participant, shall execute and acknowledge instruments necessary to evidence such adjustment in form sufficient for recording in the jurisdiction where the Properties are located.
5.7 PURCHASE OF ROYALTY INTEREST. During the term of this Agreement, if a Participant becomes a Reduced Participant and is granted a royalty under the provisions of Section 5.5 (Elimination of Minority Interest), the remaining Participants shall have the option to purchase and reduce the royalty by half in accordance with the provisions of the

attached Appendix E (Royalty Terms), provided that in the event a royalty is granted to a Reduced Participant for a specific Project Area, half of that Project Area royalty will be purchasable by the remaining Participants for the lesser of (i) \$500,000 or (ii) 5% of the total of all past deemed Initial Contributions and subsequent contributions hereunder of all the Participants on such Project Area at the time the Reduced Participant's interest was converted.

ARTICLE 6 MANAGEMENT COMMITTEE

6.1 MANAGEMENT COMMITTEE AUTHORITY. The Participants shall establish a Management Committee and it shall be responsible for directing the business and affairs of the Joint Venture in accordance with the provisions of this Agreement and, without limiting the generality of the foregoing and except as otherwise delegated to the Operator in Section 7.2 (Powers and Duties of the Operator), it shall determine the overall policies, objectives, procedures, methods, actions and management matters under or related to this Agreement. As applicable, a separate Management Committee shall be formed for each Project Area for which Participants' Participating Interests are different from Participating Interest in the remaining Properties or other Project Areas.
6.2 ORGANIZATION AND COMPOSITION. The Management Committee shall consist of two (2) members appointed by each of the Participants. Each Participant may appoint one or more alternates to act in the absence of a regular member and any alternate so acting shall be deemed a member. Appointments shall be made or changed by notice to the other Participant. In the event a Participant hereto is Operator, that Participant's representative (or in the absence of the representative, an alternate) shall act as chairman of the Management Committee (the "Chairman"). In the event the Operator is not a Participant, the Management Committee shall designate the Chairman.
6.3 DECISIONS. Each Participant, acting through its appointed members, shall have a vote on the Management Committee equivalent to the Participant's Participating Interest. Decisions of the Management Committee shall be made by approval of a Simple Majority except as set forth in Section 6.4.

6.4 DECISIONS REQUIRING SPECIAL APPROVAL.

(a) A decision on any of the following matters shall require the concurrence of representatives of the Participants who individually or together have equal to or greater than 60% Participating Interest in the Properties before any action with respect thereto is taken on behalf of the Joint Venture or any amount with respect thereto is charged as Joint Venture Expense:
(i) disposition of any item of Joint Venture Property with an original cost of acquisition of more than \$200,000, unless the same is no longer in use or is to be replaced in a timely manner and the funds necessary to make the replacement have been provided for in a Program;
(ii) commencement of litigation or any similar process involving more than \$50,000 or settling any claim by or against the Joint Venture where the settlement involves more than \$50,000, provided however, that this provision shall not restrict any Participant in pursuing any claims at its own costs as it might deem appropriate;
(iii) the borrowing by the Joint Venture or the Operator on behalf of the Participants of amounts in excess of \$200,000, including any project financings;
(iv) entering into any offtake or similar sale agreements to jointly market and sell Products; and
(v) a decision to acquire any new lands or mineral interests by or for the benefit of the Joint Venture.
6.5 MEETINGS. The Management Committee shall hold at least one meeting each year and if more than one meeting is held in a year, then one of these meetings shall be designated the "Annual Meeting" at which the Management Committee will, inter alia, review and vote on the Operator's latest Plan and Budget. Management Committee meetings shall be held in Saskatchewan at a location designated by the Chairman or at any other mutually agreed upon place. Subject to Article 9 (Development Decisions), the Chairman shall call regular meetings by giving thirty (30) days' notice to the Participants of such meetings and any Participant may call a special meeting upon thirty (30) days' notice to the Chairman and the other Participants. In case of emergency, reasonable notice of a special meeting shall suffice. There shall be a quorum if at least one member representing each Participant is present. If there is no quorum present then the meeting shall be adjourned to the same place between seven (7) and fourteen (14) days later and upon five (5) days' notice to the Participants the meeting shall continue accordingly. Failure of a Participant's member to attend such a duly continued meeting shall not affect the validity of such a meeting and any actions or decisions made at the meeting if the matter was on the agenda, and the Participant's members in attendance shall have the power to pass resolutions on any matter on the agenda (including matters requiring approval of greater participating interest than those members control).

Each notice of a meeting shall include an itemized agenda prepared by the Chairman in the case of a regular meeting, or by the Participant calling the meeting in the case of a special meeting. Any Participant may add an agenda item to any meeting by providing the other Participants with notice of the item at least fifteen (15) days prior to the Meeting. Any other item will only be considered at a meeting with the consent of all Participants. The Chairman shall prepare minutes of all meetings and shall distribute copies of such minutes to the Participants within thirty (30) days after the meeting. The minutes, when signed by all Participants, shall be the official record of the decisions made by the Management Committee and shall be binding on the Operator and the Participants.

If personnel employed in Operations are required to attend a Management Committee meeting, reasonable costs incurred in connection with such attendance shall be a Joint Venture cost. All other costs shall be paid for by the Participants individually.

6.6 ELECTRONIC MEETINGS. The Management Committee may hold meetings by video conference, telephone conference or other forms of electronic meetings (where all meeting participants can hear each other) and members present at a meeting by such means will be considered present at such meeting and actions taken or authorized at any meeting held all or in part by electronic means are as effective as actions taken or authorized at in person meetings.
6.7 APPROVAL IN WRITING. Any matter which may be undertaken by the Management Committee may be approved in writing if signed by all members of the Management Committee or their alternates, as applicable.
6.8 DEADLOCK. In the event of a tie vote made by the Management Committee, the deadlock or controversy shall be referred to management of each Participant for negotiation and resolution in accordance with Article 18.
6.9 TECHNICAL COMMITTEE. The Participants shall also establish a Technical Committee, including for each Project Area as applicable, consisting of members of each Participant, to collaborate on proposed Plans and Budgets, which Technical Committee will report to the Management Committee.

ARTICLE 7 OPERATOR

7.1 APPOINTMENT. As of the Effective Date, the Participants hereby appoint as the Operator with overall management responsibility for Operations. Such appointed Participant hereby agrees to serve until it resigns or is removed in accordance with the provisions of Section 7.7 (Resignation/Right to Remove). The Participants agree that they will consider appointing different Operators for separate Project Areas.
7.2 POWERS AND DUTIES OF THE OPERATOR. Subject always to the terms and provisions of this Agreement and the decisions and instructions of the Management Committee, the Operator shall have the following powers and duties which shall be discharged in accordance with the Programs:
(a) the Operator shall prepare all required Plans and Budgets;
(b) the Operator shall manage, direct and control all Operations;
(c) the Operator shall implement the decisions and instructions of the Management Committee, shall make all expenditures necessary to carry out Programs, and shall promptly advise the Management Committee when it projects it will have insufficient funds to carry out its responsibilities under this Agreement;
(d) the Operator shall: (i) purchase or otherwise acquire for the Joint Venture all materials, supplies, equipment, water, utility, transportation, professional and other services required for Operations, such purchases and acquisitions to be made on the best terms available,

taking into account all of the circumstances; (ii) obtain such customary warranties and guarantees as are available in connection with such purchases and acquisitions; and (iii) keep the Joint Venture Property free and clear of all liens and encumbrances, except for the Permitted Encumbrances;

(e) the Operator shall conduct such title examinations and cure such title defects which, in its reasonable judgement, it considers advisable to cure;
(f) the Operator shall: (i) make or arrange for all payments required by leases, licenses, permits, contracts and other agreements related to the Joint Venture Property; (ii) pay all taxes, assessments and like charges on Operations and Joint Venture Property except taxes determined or measured by a Participant's sales revenue or income. If authorized by the Management Committee, the Operator shall have the right to contest in the courts or otherwise, the validity or amount of any taxes, assessments or charges if the Operator deems them to be unlawful, unjust, unequal or excessive, or to undertake such other steps or proceedings as the Operator may deem reasonably necessary to secure a cancellation, reduction, readjustment or equalization thereof before the Operator shall be required to pay them, but in no event shall the Operator permit or allow title to the Joint Venture Property to be lost as the result of the non-payment of any taxes, assessments or like charges; and (iii) shall do all other acts reasonably necessary to maintain the Joint Venture Property;
(g) the Operator shall: (i) apply for all necessary permits, licenses and approvals; (ii) comply with applicable federal, provincial and local laws and regulations; (iii) promptly notify the Management Committee of any allegations of substantial violation thereof; and (iv) prepare and file all reports or notices required for Operations. The Operator shall not be in breach of this provision if a violation has occurred in spite of the Operator's good faith efforts to comply, and the Operator has timely cured or disposed of such violation through performance, or payment of fines and penalties;
(h) the Operator shall prosecute and defend, but shall not initiate without consent of the Management Committee, all litigation or administrative proceedings arising out of Operations. Any non-managing Participant shall have the right to participate, at its own expense, in such litigation or administrative proceedings. The Operator shall not make any settlement involving payments, commitments or obligations in excess of fifty thousand (\$50,000.00) dollars in cash or value, unless part of an approved Program or approved by Management Committee in accordance with Article 6 (Management Committee);
(i) the Operator shall obtain, for the benefit of the Participants, the insurance coverage described in Appendix D (Insurance);
(j) the Operator may, in any one transaction, dispose of Joint Venture Property having a value of up to one hundred thousand (\$100,000) dollars whether by abandonment, surrender or Transfer in the ordinary course of business, provided that the Properties may only be abandoned or surrendered in accordance with Article 13 (Withdrawal and Termination);
(k) the Operator shall have the right to carry out its responsibilities hereunder through agents, Affiliates or independent contractors;
(l) as directed by the Management Committee, the Operator shall perform or cause to be performed during the term of this Agreement all assessment and other work required by law in order to maintain the Mineral Interests included within the Properties in good standing. The Operator shall have the right to perform the assessment work required hereunder pursuant to a common plan of exploration and continued actual occupancy of such claims and sites shall not be required. The Operator shall not be liable on account of any determination by any court or governmental agency that the work performed by the Operator does not constitute the required annual assessment work or occupancy for the purposes of preserving or maintaining ownership of the claims, provided that, the work done is in accordance with a Program. The Operator shall in a timely manner, and in any event not less than annually, record and file with the appropriate governmental agency, affidavits in proper form attesting to the performance of all applicable assessment work completed on or for the benefit of each claim;
(m) the Operator shall keep and maintain all required accounting and financial records pursuant to the Accounting and Financial Procedure set out in Appendix C and in accordance with generally accepted accounting practices in the industry;
(n) the Operator shall keep and maintain a complete record of all Operations conducted by and on behalf of the Joint Venture including: maps and drawing showing the status of the work carried out in respect of the Properties; copies of operating and production records; geological and geophysical data; and, engineering reports in accordance with generally accepted practices in the industry;
(o) the Operator shall keep the Management Committee advised of all Operations by submitting in writing to the Participants: (i) quarterly progress reports which include statements of expenditures and comparisons of such expenditures to the Program; (ii) quarterly summaries of data in accordance with generally accepted practices in the industry; (iii) copies of reports concerning Operations; (iv) a final report within one hundred and eighty (180) days after completion of each Program, which shall include comparisons between actual and budgeted expenditures and comparisons between the projections and the results of the Programs; (v) periodic estimates of expenditures to be required for anticipated reclamation costs; and (vi) such other reports as the Management Committee may reasonably request. Each Participant shall be entitled to inspect and take abstracts of the Operator's Operations records during regular business hours, at such Participant's expense and upon reasonable written notice to the Operator. A Participant exercising such right of inspection shall do so in a manner that will result in a minimum of inconvenience to the Operator. In addition, the Operator shall allow any non-managing Participant, at the latter's sole risk and expense, and subject to reasonable safety regulations, to inspect the Joint Venture Property and Operations at all reasonable times, so long as the inspecting Participant does not unreasonably interfere with Operations; and
(p) the Operator shall undertake all other activities reasonably necessary to fulfil the foregoing. The Operator shall not be in default of any duty under this Section 7.2 if its failure to perform results from the failure of the non-operating Participant to perform acts or to contribute amounts required of it by this Agreement.
7.3 STANDARD OF CARE. The Operator shall conduct all Operations in a good, workmanlike and efficient manner, in accordance with sound industry standards and practices, and in accordance with the terms and provisions of leases, licenses, permits, contracts and other agreements pertaining to the Joint Venture Property. The Operator shall not be liable to any Participant for any act or omission resulting in damage or loss except to the extent caused by or attributable to the Operator's wilful misconduct or gross negligence.
7.4 OPERATOR'S LIABILITY. The Operator shall not be responsible, nor liable to the Participants or the Joint Venture, for any loss, expense, claim, liability or damage of any kind and nature whatsoever suffered by any person (including, without limitation, any legal fees and amounts paid in settlement of claims and satisfaction of judgments) if the said loss, expense, claim, liability or damage (i) is fully recovered through insurance proceeds of the Joint Venture, or (ii) arose out of any act or omission (which does not amount to gross negligence or willful misconduct) of the Operator, or one or more of its employees, agents or independent contractors, that occurred in the course of performing the Operator's functions, duties or obligations under this Agreement. The Participants shall also indemnify and keep indemnified and hold harmless the Operator from and against any and all such losses, expenses, claims, liabilities and damages for which it is not responsible. Where a loss is suffered or a liability is incurred by reason of the Operator's gross negligence or willful misconduct, the Operator shall indemnify the Participants in respect of such loss or liability. In no circumstances shall the Operator be liable to the Joint Venture or the Participants for any special or consequential damages.
7.5 PAYMENTS TO THE OPERATOR. The Operator shall be compensated for its services and reimbursed for its costs hereunder in accordance with the Accounting and Financial Procedure set forth in Appendix C (Accounting and Financial Procedures).
7.6 TRANSACTIONS WITH AFFILIATES. If the Operator engages Affiliates to provide services hereunder, it shall do so on terms no less favourable to the Joint Venture than would be the case with unrelated persons in arm's length transactions.
7.7 RESIGNATION/RIGHT TO REMOVE. The Operator may resign upon three (3) months' prior notice to the other Participants, in which case the Management Committee shall elect another Participant to become the new Operator.

Upon the occurrence of any of the following events (subject to, and only upon conclusion of, any Dispute pursuant to Article 18 (Resolution of Disputes) of the matters in Sections 7.7(a) and (b) below), the non-operating Participants may, by a Simple Majority vote of the Participating Interests held by the non-operating Participants, remove the Operator and elect a new Operator:

(a) the Operator fails to perform a material obligation imposed upon it under this Agreement and such failure continues for a period of sixty (60) days after receipt of a notice from a Participant advising of such failure to perform;
(b) the Operator fails to pay or contest, in good faith, its bills within sixty (60) days after they are due;
(c) a receiver, liquidator, assignee, custodial trustee, sequestrator or similar official for a substantial part of its assets is appointed and such appointment is neither made ineffective nor discharged within sixty (60) days after the making thereof, or such appointment is consented to, requested by, or acquiesced in by the Operator;
(d) the Operator commences a voluntary case under any applicable bankruptcy, insolvency or similar law now or hereafter in effect; or consents to the entry of an order for relief in an involuntary case under any such law or to the appointment of or taking possession by a receiver, liquidator, assignee, custodial trustee, sequestrator or other similar official of any substantial part of its assets; or makes a general assignment for the benefit of creditors; or fails generally to pay its or Joint Venture debts as such debts become due; or takes corporate or other action in furtherance of any of the foregoing;
(e) entry is made against the Operator of a judgement, decree or order for relief affecting a substantial part of its assets by a court of competent jurisdiction in an involuntary case commenced under any applicable bankruptcy, insolvency or other similar law of any jurisdiction now or hereafter in effect.

The Operator shall promptly notify the Participants of the occurrence of any event referred to in this Section 7.7.

7.8 ACTIVITIES DURING DEADLOCK. If, during Operations the Management Committee for any reason fails to adopt any Plan and Budget in a timely manner, the Operator shall continue Operations sufficient to maintain the Joint Venture property, including the performance of the duties imposed on the Operator pursuant to Sections 7.2 (Powers and Duties of Operator) as reasonably necessary and, if appropriate, to operate any production facilities and other related facilities at that level of production mandated by the immediately previous Plan and Budget for Operations. In the event that the Participants fail to adopt an initial Plan and Budget in a timely manner, Operations performed by the Operator pursuant to this Section 7.8 shall be funded by the Participants in accordance with their respective initial Participating Interests (as set forth in Section 5.1 (Initial Participating Interests and Contributions)). In the event that the Participants fail to adopt any subsequent Plan and Budget in a timely manner, Operations performed by the Operator pursuant to this Section 7.8 shall be funded by the Participants in accordance with their respective Participating Interests as of the date of completion of the preceding Plan and Budget.

7.9 TRANSFER OF PROPERTY ON CESSATION OF OPERATOR. Upon ceasing to be the Operator, the former Operator shall forthwith deliver to its successor or to any other person nominated for such purpose by the Management Committee, copies of all books and records and custody of all assets and other property, both real and personal, having to do with the Joint Venture. The former Operator shall use its best efforts to transfer to its successor, effective as of the date of the former Operator's resignation or removal, its rights and obligations as Operator under all contracts relating to the Operations. Pending such transfer and in relation to all other contracts relating to the Operations, the former Operator shall hold its right and interest as Operator from the date of resignation or removal for the account and to the order of the new Operator. If there is a delay between the date the former Operator ceases to be Operator and the date the new Operator becomes Operator, the former Operator shall take all steps as may be required to keep the Joint Venture Property in good standing during any transition period. As soon as practicable after the effective date of resignation or removal of the Operator, the Participants shall audit the books and records of the Joint Venture and take an inventory of all Joint Venture Property. Such inventory shall be used in the return of and the account for the said Joint Venture Property by the Operator who has resigned or has been removed. All costs and expenses incurred in connection with such audit and inventory shall be considered Joint Venture Expenses.

ARTICLE 8 PROJECT AREAS & LAND CONTINUATION

8.1 DIVISION OF PROGRAM LANDS INTO PROJECT AREAS. The Operator or any Participant may at any time propose to divide all or any portion of Properties into such number of smaller Project Areas as it may deem expedient and desirable. The Operator or proposing Participant, as the case may be, shall furnish the Management Committee with (a) a detailed description of the affected portion of the Properties; (b) the Attributable Contributions for the Project Area(s), and (c) a detailed statement showing the costs, charges and expenses of the proposed Plan and Budget for such Project Area(s). Forthwith upon receipt of such proposal, the Management Committee shall decide to accept or reject such proposal in whole or in part. A Project Area will be established with approval of the Management Committee.

The Project Area shall have an Attributable Contribution calculated in accordance with the following formula:

$$
AC = X * \frac{Y}{Z}
$$

Where:

"AC" is the Attributable Contribution;

"X" is the Aggregate Contributions, excluding the contributions ascribed to preexisting Project Areas;

"Y" is the land area of Mineral Interests that will form the Project Area;

"Z" is the entire land area of Mineral Interests, excluding the land area of Mineral Interests ascribed to pre-existing Project Areas.

Upon formation of a Project Area, each Participant's initial Participating Interest in the Project Area shall be equal to its overall Participating Interest, and each Participant's Attributable Contribution shall be the product of the Attributable Contribution and the Participant's initial Participating Interest in the Project Area. Concurrent with the formation of a Project Area, the contributions related to the lands for which the subject Project Area was separated from shall be reduced by the Attributable Contribution of the subject Project Area.

8.2 OPERATION OF PROJECT AREAS. After establishment of a Project Area under this Agreement, the Operator shall prepare Plans and Budgets for each Project Area. Such Plans and Budgets shall be dealt with in like manner and timing, mutatis mutandis, to all other Plans and Budgets for the Joint Venture. A Participant shall have the option to elect not to participate in further Programs in such Project Area or to take a reduced interest in accordance with this Agreement. A Participant's election or failure to participate in any one or more Programs in a Project Area shall not in any way alter such Participant's right to participate in Programs in any other Project Areas. A Management Committee shall be established for each Project Area for which Participating Interests of the Participants differs from the Participant's overall Participating Interest pursuant to this Agreement or other Project Areas.
8.3 LAND CONTINUATION EXPENDITURES. If the Management Committee authorizes the surrender or abandonment of part or all of the Properties and the Operator or any Participant objects to such surrender or abandonment, the Operator or any Participant may at any time propose a Plan and Budget for Land Continuation Expenditures. The Operator or proposing Participant, as the case may be, shall furnish the Management Committee with a detailed statement showing those costs, charges and expenses of the proposed Plan and Budget for such Land Continuation Expenditures along with a detailed description of the affected portion of the Properties that would have expired or otherwise been relinquished back to the respective mineral rights owner/lessor/permitor in the event the respective Land Continuation Expenditure are not incurred. Forthwith upon receipt of such proposal, the Management Committee shall decide to accept or reject such proposal in whole or in part. If the Management Committee approves the Land Continuation Expenditures, then such Land Continuation Expenditures shall be deemed to be a Program for the purposes of this Agreement.
8.4 PROJECT AREA FOR LAND CONTINUATION. If the Management Committee does not approve the Land Continuation Expenditures in accordance with Section 8.3 (Land Continuation Expenditures), then: (a) the portion of the Properties to which such proposed Land Continuation Expenditures relate shall be designated a Project Area; (b) each Participant shall have the option to elect whether or not to participate in the funding of the Land Continuation Expenditures for such Project Area; and (c) the Participants electing to

fund shall between them agree upon a Plan and Budget for such Land Continuation Expenditures. Participants electing not to participate in the Land Continuation Expenditures shall have their Participating Interest in the Project Area reduced in accordance with Section 5.3 (Reduction in Participating Interest) with respect to that Project Area, where the Participants' Participating Interest and Attributable Contribution are calculated in accordance with Section 8.1.

8.5 EARN-BACK ELECTION. In the case of a Project Area formed for the purpose of facilitating Land Continuation Expenditures, each Non-contributing Participant shall subsequently have the option to restore its position in the Project Area with respect to each executed Plan and Budget in accordance with 5.3(c) (Reduction in Participating Interest), regardless of whether it has ceased to be a Participant in the applicable Properties or Project Area accordance with Section 5.5 (Elimination of Minority Interest). If, at any time prior to the fifth (5th) anniversary of the date upon which the formation of the subject Project Area occurs, the Participant who had elected not to participate in Land Continuation Expenditures determines that it wishes to earn back its respective Participating Interest in such Project Area(s), it shall pay to the Participant(s) who funded such Land Continuation Expenditures an amount which is equal to twice the amount of the sum of Land Continuation Expenditures and all other subsequent expenditures pursuant to Programs on such Project Areas that such diluting Participant would have had to contribute if it had been funding its pro rata share.

ARTICLE 9 PLANS AND BUDGETS

9.1 INITIAL PLAN AND BUDGET. Unless directed to do otherwise by the Management Committee, no more than sixty (60) days after the Effective Date, the Operator shall prepare and submit to the Participants, in accordance with Section 8.3 (Presentation of Plans and Budgets), a proposed initial Plan and Budget. Such initial Plan and Budget may be for a period of up to twelve (12) months, as determined by the Operator in its sole discretion, and shall be duly reviewed and approved or rejected pursuant to the procedures set forth in this Article 9.
9.2 SUBSEQUENT PLANS AND BUDGETS. Following the completion of the Initial Plan and Budget, the Operator will, unless directed by the Management Committee to do otherwise, annually prepare a proposed Plan and Budget for a twelve (12) month period. The Operator will submit its proposed Plan and Budget for the forthcoming twelve (12) month period to each Participant at least thirty (30) days prior to the annual meeting of the Management Committee.
9.3 OPERATIONS PURSUANT TO PLANS AND BUDGETS. Except as otherwise provided in Section 7.8 (Activities During Deadlock), Section 9.7 (Program Changes), Section 9.8 (Emergency Expenditures), and Section 15.3 (Areas of Interest), Operations shall be conducted, expenses shall be incurred, and Joint Venture Property shall be acquired only pursuant to a Program.

9.4 REVIEW AND APPROVAL OF PROPOSED PLANS AND BUDGETS. Approval of each Plan and Budget as presented by the Operator shall require a vote of the Management Committee. If a Plan and Budget has been approved by a Simple Majority vote of the Management Committee it constitutes a Program.

The Operator will prepare and submit to the Participants proposed Plans and Budgets. Each Participant will, within twenty (20) days from receipt of the proposed Plan and Budget, submit to the Management Committee:

(a) notice that the Participant approves the proposed Plan and Budget;
(b) proposed modifications of the proposed Plan and Budget; or
(c) notice that the Participant rejects the proposed Plan and Budget.

If a Participant makes a timely submission to the Management Committee pursuant to Section 9.4(b) or (c), then the Management Committee shall seek to develop a Plan and Budget acceptable to the Participants (provided that, whether or not acceptable to all Participants, a Plan and Budget shall be adopted by a Simple Majority vote of the Management Committee). Every proposed Plan and Budget, including all proposed modifications of any proposed Plan and Budget, shall, at a minimum, be sufficient to maintain the Joint Venture Property in good standing and condition as the Operator deems appropriate in its sole discretion, and allow for the performance of the duties imposed on the Operator pursuant to Sections 7.2 (Powers and Duties of Operator) as reasonably necessary and, if appropriate, to operate any production facilities and other related facilities, if any, at a rate in accordance with the Approved Development Program.

9.5 ELECTION TO PARTICIPATE. At the time that a proposed Plan and Budget is approved by the Management Committee, a Participant that does not approve the Plan and Budget (a "Non-contributing Participant") may elect to contribute to such Plan and Budget in some lesser amount than its respective Participating Interest, or not at all.

If a Non-contributing Participant elects to contribute to an approved Plan and Budget some lesser amount than its respective Participating Interest, or not at all, the approving Participant may elect to contribute the amount which the Non-contributing Participant elected not to contribute. In that case the approved Plan and Budget shall constitute a Program and the Participants' Participating Interests shall be recalculated as provided in Article 5 (Interests of Participants).

If the approving Participant elects not to contribute the amount which the Non-contributing Participant elected not to contribute, the approved Plan and Budget is deemed not to have been approved and the approving Participant may elect to (i) submit in lieu thereof a revised Plan and Budget reduced by the amount of the Non-contributing Participant's share, which shall automatically constitute a Program and the Participants' Participating Interests shall be recalculated as provided in Article 5 (Interests of Participants), or (ii) submit a revised budget, in which case the Non-contributing Participant shall have fourteen (14) days after receipt of the revised Plan and Budget to notify the approving Participant as to whether it approves such revised Plan and Budget. If the Non-contributing Participant votes to approve such revised Plan and Budget, it shall be liable to contribute to such revised Plan and Budget an amount equal to its Participating Interest.

9.6 DEADLOCK ON PROPOSED PLANS AND BUDGETS. If the Participants, acting through the Management Committee, fail to approve a Plan and Budget by the beginning of the period covered by the proposed Plan and Budget, the provisions of Section 7.8 (Activities During Deadlock) shall apply.
9.7 PROGRAM CHANGES. The Operator shall immediately notify the Management Committee of any material departure from a Program. If the Operator anticipates an overrun of a Program in excess of fifteen (15%) percent, then the Operator shall obtain approval of all Participants before incurring such overrun, unless the overrun was directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 (Emergency or Unexpected Expenditures). If an overrun in excess of fifteen (15%) percent is incurred that was not approved by the Participants, then the Operator shall be solely liable for the amount of the overrun that was in excess of fifteen (15%) percent. For greater clarification, if the amount of the overrun is not in excess of fifteen (15%), the Operator, without being in breach of Section 9.3 (Operations Pursuant to Plans and Budgets), may incur such an overrun without the approval of all Participants. Also, the Operator may, at any time, propose a supplemental Program to the Management Committee for approval pursuant to Section 9.3 (Operations Pursuant to Plans and Budgets) and Section 9.4 (Review and Approval of Proposed Plans and Budgets), the size of which may exceed 15% of the Plan and Budgets previously approved for a given period.
9.8 EMERGENCY OR UNEXPECTED EXPENDITURES. In case of emergency, the Operator may take any reasonable action it deems necessary to protect the safety of individuals or property, to protect the Joint Venture property or to comply with Applicable Law. The Operator may make reasonable expenditures for expected events which are beyond its reasonable control and which do not result from a breach by it of its standard of care. The Operator shall promptly notify the Participants of the emergency or unexpected expenditure, and the Operator shall be reimbursed for all resulting costs by the Participants in proportion to their respective Participating Interests at the time the emergency or unexpected expenditures are incurred.

ARTICLE 10 DEVELOPMENT DECISIONS

10.1 INITIATION OF DEVELOPMENT WORK. If the results of Exploration Work conducted on the Properties, or any portion thereof, are such that in the judgment of the Operator or a Participant, Development Work ought to be considered, then the Operator or any such Participant may present to the Management Committee a proposal to commission a Feasibility Study with respect to such Development Work. A meeting of the Management Committee shall be held to consider the proposal and shall be convened on not less than forty-five (45) nor more than ninety (90) days' notice after receipt of such proposal.

10.2 COMMISSIONING A FEASIBILITY STUDY.

(a) The decision as to whether, and if so when, a Feasibility Study will be conducted at Joint Venture expense, is to be decided by a Simple Majority vote of the Management Committee. The Management Committee shall also determine who will carry out the Feasibility Study that it has commissioned hereunder by a Simple Majority vote and for greater certainty, the Participants expressly agree that the Operator may be selected to carry out the Feasibility Study. The terms of reference for any Feasibility Study commissioned hereunder by the Management Committee vote will be established by the Management Committee when the Feasibility Study is commissioned.

If the required Simple Majority vote of the Management Committee cannot be obtained in the Management Committee meeting, any Participant with a twenty percent (20%) or greater Participating Interest may commission a Feasibility Study, at its own expense, and will establish the terms of reference thereof. In the event the Feasibility Study determines that it is Commercially Feasible to conduct Development Work, then if the Management Committee, pursuant to Section 10.3 (Management Committee's Consideration of Feasibility Study), decides to approve and implement this Feasibility Study, the costs of commissioning the Feasibility Study will become be a Joint Venture Expense.

(b) The purpose of the Feasibility Study shall be to determine whether or not it is Commercially Feasible to conduct Development Work and Production Work on the Properties, and if so, to set forth the details of such Commercially Feasible Development Work and Production Work, including the cost, technical requirements and production schedule for such operations.

10.3 MANAGEMENT COMMITTEE'S CONSIDERATION OF FEASIBILITY STUDY.

(a) The findings and recommendations contained in a Feasibility Study shall be considered by the Management Committee at a meeting which will be held not less than thirty (30) nor more than ninety (90) days following written notice of completion of the Feasibility Study. Each member of the Management Committee shall be provided with a copy of the Feasibility Study at least thirty (30) days prior to the date of the Management Committee meeting for considering the study. At this meeting, each Participant, acting with commercial reasonableness, shall decide whether the Feasibility Study is in an acceptable final form or is in need of revision or clarification. Any Participant may also request that the Feasibility Study be revised or clarified (but only once for each Participant). In the event it is in need of revision of clarification, the Feasibility Study shall be returned to the Person carrying out the Feasibility Study for such purpose and following its revision or clarification, in such Person's reasonable expert discretion, a copy of the Feasibility Study will again provided to each member of the Management Committee.
(b) Within forty five (45) days of the date that the Feasibility Study is returned to all Participants after revision or clarification pursuant to Section 10.3(a), as applicable, the Management Committee will meet to consider the recommendations and findings of the

Feasibility Study and will decide, by a Simple Majority vote, whether or not to approve the Feasibility Study and proceed with Development Work and Production Work. If the Management Committee decides to approve the Feasibility Study it shall become the Approved Development Program and the Development Work and Production Work will be carried out in accordance therewith. All approving Participants are responsible for their Cost Share of any Approved Development Program.

(c) If the Feasibility Study is not approved by a Simple Majority vote of the Management Committee, then there shall be a delay of six (6) months after the voting of the Management Committee. After this delay there shall be, within thirty (30) days, another meeting of the Management Committee to again consider the Feasibility Study. If at least 50% of the Management Committee approves the Development Program recommended in the Feasibility Study, then the Feasibility Study shall be deemed to have been approved and shall become the Approved Development Program. All approving Participants are responsible for their Cost Share of any Approved Development Program.
(d) If a Participant does not support the Approved Development Program (the "Withdrawing Participant") then such Participant shall not be liable for its Cost Share of such Approved Development Program. Within sixty (60) days after the Management Committee approves the Feasibility Study, a Withdrawing Participant must elect to either:
(i) transfer all of its Participating Interest in accordance with Section 16.3 (Rights of First Refusal), with the transferee being liable to pay the Withdrawing Participant's Cost Share, plus interest at the Prime Rate plus two percent thereon, from the due date; or
(ii) sell its Participating Interest to the approving Participants, which it or they shall be obligated to acquire in the ratio of its or their respective Participating Interests or such other ratio as they may agree upon, and the Withdrawing Participant shall be entitled to receive from them all the monies the Withdrawing Participant has expended on approved Programs on the subject Property to date, plus interest at the Prime Rate plus two percent thereon, but such payment shall not exceed 200% of all the monies so expended. The selling price shall be payable in five equal annual installments commencing on the date of the sale.

If a Participant proceeds pursuant to Section 10.3(d)(ii) and does not dispose of its Participating Interest pursuant to Section 16.3 (Rights of First Refusal), then such Participant shall, within ten (10) days of the time limit set for sale in Section 16.3 (Rights of First Refusal) proceed pursuant to Section 10.3(d)(ii) and shall be deemed to have elected accordingly.

(e) If the Participating Interest of any Withdrawing Participant which sold its Participating Interest pursuant Section 10.3(d) is purchased by one or more other Participants pursuant to Section 10.3(d), and Development Work has not commenced within two (2) years of the establishment of an Approved Development Program or Development Work or Production Work is subsequently terminated (other than in connection with any event of force majeure set out in Section 19.3), then the Participant(s) shall be obligated to provide notice to the Withdrawing Participants and any Withdrawing Participant which sold its Participating Interest under this Section may elect to reacquire its Participating Interest by providing notice to the proceeding Participants within thirty (30) days of receiving such notice and reimbursing the proceeding Participants those amounts expended by them on behalf of the reacquired Participating Interest, plus interest at Prime Rate plus two percent thereon.

(f) Once an Approved Development Program has been established by the Management Committee pursuant to this Section, no Material Deviation from the said Program shall occur except by a vote of Participants holding at least 60% of the Participating Interests. For the purpose of this Section, "Material Deviation" means:
(i) an increase in design capacity of greater than 50%; or
(ii) a change in the design of the production facilities, processes utilized or production plans, which results in a 50% increase or more in the overall cost of the Approved Development Program.
10.4 ANNUAL DEVELOPMENT PROGRAMS. Within thirty (30) days of the establishment of the Approved Development Program, the Operator will prepare and submit to the Participants an annual Plan and Budget that outlines the proposed activities required to carry out the Approved Development Program. Upon Simple Majority approval of the Management Committee of such Plan and Budget it will constitute an Annual Development Program. The Participants shall be obligated to vote to approve each Plan and Budget submitted to them provided the Plan and Budget is consistent in all major respects with the Approved Development Program and in accordance with good industry practice.

ARTICLE 11 PRODUCTION

11.1 PRODUCTION RATE. The initial commercial rate of production of Product will be the rate that was initially established in the Approved Development Program, unless this rate is amended by the Management Committee during the meeting to establish the initial Annual Production Program pursuant to Section 11.2 (Annual Production Programs).

11.2 ANNUAL PRODUCTION PROGRAMS.

(a) Commencing at the time commercial production of Product is set to begin, the Operator will submit annual Plans and Budgets respecting activities required to carry out Production Work during the following year ("Production Plan and Budget"). Approval of each Production Plan and Budget as presented by the Operator shall require a Simple Majority vote of the Management Committee (provided that if the Production Plan and Budget provides for a change to annual production from the projected production in the Approved Development Program by greater than 50%, the approval of the Production Plan and Budget will require approval of the Participants who individually or together have equal to or greater than 60% Participating Interest in the Properties to which such Production Plan and Budget relates). Upon approval of such a Production Plan and Budget it will constitute an Annual Production Program.

(b) Each Participant will, within thirty (30) days from receipt of the proposed Production Plan and Budget, submit to the Management Committee:
(i) notice that the Participant approves the proposed Production Plan and Budget; or
(ii) notice that the Participant does not approve the proposed Production Plan and Budget.
(c) In the event an annual Production Plan and Budget is not approved in accordance with Section 11.2(b)(ii), so as to establish an Annual Production Program, the Operator shall be entitled to maintain production at the level established in the previous Annual Production Program.

ARTICLE 12 ACCOUNTS AND SETTLEMENTS

12.1 MONTHLY STATEMENTS. The Operator shall promptly submit to the Management Committee monthly statements of account reflecting in reasonable detail the charges and credits to the Joint Account during the preceding month and shall contain a consolidation of actual and previous expenditures for prior periods.
12.2 INVOICES AND CASH CALLS. The Operator, on the basis of the Programs, shall submit to each Participant on a regular basis either (a) an invoice for the actual expenditures and costs incurred in carrying out Operations hereunder, or (b) a cash call for the estimated cash disbursements expected to be made by the Operator for expenditures and costs incurred in carrying out Operations during the period covered by such invoice ("Cash Call"). Each Participant shall pay the Operator its Cost Share in accordance with Appendix C (Accounting and Financial Procedures). Time is of the essence of payment of such invoices and Cash Calls.
12.3 FAILURE TO MEET INVOICES AND CASH CALLS. A Participant that fails to pay its invoices and Cash Calls in the amount and within the time specified or otherwise fails to pay its invoiced share of Joint Venture Expenses when due, shall be in default, and interest shall accrue on any amounts in default at an annual rate equal to two (2) percentage points above the Prime Rate, compounded monthly. Upon such default, the provisions of Section 5.4 (Default in Making Contributions) shall apply.

ARTICLE 13 PROGRAM FINANCING AND DISPOSITION OF PRODUCTION

13.1 COOPERATION FOR FINANCING. Each Participant is independently responsible for funding, and securing the source of funding, its respective obligations under this Agreement. Notwithstanding the foregoing, each Participant agrees to provide reasonable assistance to the other Participant, which may include giving reasonable consideration to a joint project financing and the provision of financial and technical information regarding the Properties and the Joint Venture with the intention to enable major institutional lenders experienced in financings to make a decision whether to provide project financing to fund Exploration Work, Development Work and/or Production Work from the Properties. The scope of any such reasonable assistance by a Participant shall be in such Participant's sole discretion with regard to its best interests and the protection of its confidential and proprietary information.

13.2 PRODUCTS. The Operator shall, on behalf of the Participants, sell the Products for cash on reasonable arm's length terms or as otherwise may be approved by the Participants in accordance with Section 6.4 (Decisions Requiring Special Approval). The Operator shall account and pay to the Participant the full amount of the proceeds from the sale of its Products, provided that the Operator shall be entitled to deduct from proceeds of any sale the Operator's reasonable expenses incurred in arranging and facilitating such sale.
13.3 TAKING IN KIND. Subject to the terms of any contracts of sale then outstanding or other commitments already made by the Operator with respect to such Products, during any period that the Operator is selling a Participant's share of production, the Participant may elect to give notice in writing to the Operator, within ten (10) days of receipt of notice to the Participants of an Annual Meeting, that it is taking its share of production in kind. Title to such refined Product shall pass to the Participant upon such election and the Participant shall assume the risk of loss. Any extra expenditure incurred in the taking in kind or separate disposition by any Participant of its proportionate share of Products shall be borne by such Participant..

ARTICLE 14 WITHDRAWAL AND TERMINATION

14.1 TERMINATION. This Agreement shall terminate only as expressly provided in this Agreement unless terminated earlier by written agreement executed by all Participants.
14.2 WITHDRAWAL. A Participant may elect to withdraw as a Participant from this Agreement by giving notice to the other Participants of the effective date of withdrawal, which shall be the later of the end of the then current Program or at least thirty (30) days after the date of the notice. Upon such withdrawal, if there is more than one remaining Participant, the withdrawing Participant shall be deemed to have transferred all of its Participating Interest in the Joint Venture Property and this Agreement to the remaining Participants on a pro rata basis in accordance with their respective Participating Interests. If there is only one Participant remaining at the time of withdrawal, this Agreement shall terminate, and the withdrawing Participant shall be deemed to have transferred all of its Participating Interest in the Joint Venture Property and this Agreement to the remaining Participant Interest. All such transfers by the withdrawing Participant shall be without cost and free and clear of royalties, liens or other encumbrances arising by, through or under such withdrawing Participant, except for Permitted Encumbrances. Any withdrawal under this Section 14.2 shall not relieve the withdrawing Participant of its share of liabilities under any Program or to third persons (whether such accrues before or after such withdrawal) that arise out of Operations conducted prior to such withdrawal. For purposes

of this Section 14.2, the withdrawing Participant's share of any liability shall be as follows: (a) prior to any Production Work being undertaken on the Properties or Project Area (as applicable), such Participant's share of such liability shall be equal to its Participating Interest at the time such liability was incurred; and (b) following the commencement of Production Work being undertaken on the Properties or Project Area (as applicable) such Participant's share of such liability shall be equal to its Participating Interest at the time such Production Work commenced on the applicable Properties or Project Area.

14.3 CONTINUING OBLIGATIONS. On termination of this Agreement under Article 14, the Participants shall remain liable for continuing obligations hereunder until final settlement of all accounts and for any liability, whether it accrues before or after termination, if it arises out of Operations during the term of the Agreement.
14.4 DISPOSITION OF JOINT VENTURE PROPERTY ON TERMINATION. Promptly after termination under this Article 14, the Operator shall take all action necessary to windup the activities of the Joint Venture, and all costs and expenses incurred in connection with the termination of the Joint Venture shall be expenses chargeable to the Joint Venture. The following actions shall be taken in the sequence in which they are listed:
(a) First, the Joint Venture Property, to the extent possible, shall be disposed of for cash proceeds and shall be paid, applied, or distributed in satisfaction of the Joint Venture's liabilities to third parties. The Operator shall have the right to segregate amounts which, in the Operator's reasonable judgement, are necessary to discharge continuing obligations with respect to the Properties or to purchase, for the account of Participants, bonds or other securities for the performance of such obligations.
(b) Second, the Joint Venture Property shall be paid, applied or distributed to satisfy debts, obligations, or liabilities owed to Participants.
(c) Thereafter, any remaining Joint Venture Property shall be paid, applied or distributed to the Participants proportionately according to their Participating Interests at the time of termination of this Agreement. Notwithstanding any other provision of this Agreement, no Participant shall receive a distribution of any interest in the Joint Venture Property, the Products or the proceeds from the sale thereof, if such Participant's Participating Interest has been Transferred, withdrawn or terminated pursuant to this Agreement; provided, however, that a Participant whose Participating Interest has been Transferred, withdrawn or terminated shall be entitled to distributions which have accrued and not been paid prior to such Transfer, withdrawal or termination (but only to the extent that any such distributions have not otherwise been Transferred by the Participant).
14.5 RIGHT TO DATA AFTER TERMINATION. After termination of this Agreement pursuant to this Article 14, each Participant shall be entitled to copies of all information acquired hereunder before the effective date of termination not previously furnished to it, but a terminating or withdrawing Participant shall not be entitled to any such copies after any other termination or any withdrawal.

14.6 CONTINUING AUTHORITY. Upon the withdrawal of a Participant pursuant to Section 14.2 (Withdrawal), the Operator shall have the power and authority, subject to control of the Management Committee, if any, to do all things on behalf of the Participants which are reasonably necessary or convenient in order to: (a) complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such withdrawal, if the transaction or obligation arises out of Operations prior to such withdrawal; and (b) wind up operations, in the event the Joint Venture is being terminated. The Operator shall have the power and authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligations and to prosecute and defend actions on behalf of the Participants and the Joint Venture, and take any other reasonable action in any matter with respect to which the former Participants continue to have, or appear or are alleged to have, a common interest or a common liability.

ARTICLE 15 ABANDONMENT AND SURRENDER OF PROPERTIES AND AREA OF INTEREST

15.1 SURRENDER OR ABANDOMNMENT OF PROPERTY. Any Participant may request the Management Committee, in accordance with Article 6 (Management Committee), to authorize the Operator to surrender or abandon part or all of the Properties. If the Management Committee does not authorize such surrender or abandonment, then such Properties shall continue to be Joint Venture Property. However, if the Management Committee authorizes the surrender or abandonment of part or all of the Properties and a Participant objects to such surrender or abandonment, such objecting Participant may make a proposal for Land Continuation Expenditures in accordance with the provisions of Section 8.3 (Land Continuation Expenditures).
15.2 REACQUISITION. If any Properties are abandoned or surrendered under the provisions of this Article then, unless this Agreement is earlier terminated, no Participant nor any Affiliate thereof who supported the abandonment or surrender shall acquire any interest in such Properties or a right to acquire such Properties for a period of two (2) years following the date of such abandonment or surrender. If a Participant reacquires any Properties in violation of this Section, any other Participant may elect by notice to the reacquiring Participant within forty-five (45) days after it has actual notice of such reacquisition, to have such properties made subject to the terms of this Agreement. In the event such an election is made, the reacquired properties shall thereafter be treated as Properties, and the costs of reacquisition shall be borne solely by the reacquiring Participant and shall not be included for purposes of calculating the Participants' respective Participating Interests.
15.3 AREA OF INTEREST. There shall be a ten (10) kilometre area of mutual interest surrounding the Mineral Interests (the "KLP AMI").
(a) If (i) any mineral rights or lands within the KLP AMI area becomes available for acquisition and a Participant wishes to acquire such mineral rights or lands, and/or (ii) a Participant acquires an interest, or the right to acquire an interest, either directly or indirectly through a farm-in, seismic option, drilling option, seismic review option,

purchase, lease, sublease, asset exchange or any other similar or like method of obtaining an interest within the KLP AMI, as the case may be, then such Participant (for the purposes of this Section 15.3, an "Acquiring Participant") shall forthwith provide written notice to the other Participants of the acquisition and the principal terms thereof, including a detailed description of the mineral rights and/or lands, the cost of acquisition and the fair market value for such mineral rights and/or lands.

(b) The Management Committee (the member representing the Acquiring Participant not being entitled to vote) may, within thirty (30) days of receipt of the Acquiring Participant's notice, elect, by notice to the Acquiring Participant, to require that the interests acquired or to be acquired pursuant to Section 15.3 be included in and thereafter form part of the Properties or applicable Project Area. If (a) the Acquiring Participant has completed the acquisition of such interests the non-Acquiring Participants shall be liable to reimburse the Acquiring Participant for their respective Participating Interest share of the price, costs and expenses related to the acquisition of such interests; or (b) if the Acquiring Participant has not completed the acquisition of such interests, the price, costs and expenses related to the acquisition of the interests shall be a Joint Venture Expense.
(c) The provisions of this Section 15.3 do not apply where the acquisition of such right or interest is the result of the Acquiring Participant or its Affiliate being or becoming a party to a joint venture which acquires such right or interest or being or becoming a shareholder in a third party company which acquires such right or interest.

ARTICLE 16 TRANSFER OF INTEREST

16.1 GENERAL. A Participant may only Transfer a portion or all of its Participating Interest or a portion or all of its interest in or to this Agreement or the Joint Venture Property in accordance with the provisions of this Article 16 and not otherwise.
16.2 LIMITATIONS ON FREE TRANSFERABILITY. The terms and conditions upon which a Participant has right to Transfer to a third party (including another Participant) a portion or all of its interest in or to this Agreement, its Participating Interest or the Joint Venture Property are as follows:
(a) notwithstanding any provision of this Agreement to the contrary, but subject to Section 16.2(g), a Participant shall not Transfer any of its interest in or to this Agreement, its Participating Interest or the Joint Venture Property except by means of a Transfer of a portion or all of its Participating Interest;
(b) a Participant must comply with the provisions of Section 16.3 (Rights of First Refusal);
(c) no transferee of a portion or all of a Participant's interest in this Agreement, any Participating Interest or the Joint Venture Property shall have the rights of a Participant unless and until (i) the transferring Participant has provided to the other Participants notice of the Transfer, and (ii) subject to Section 16.2(g) below, the transferee, as of the effective

date of the Transfer, has committed in writing to be bound by this Agreement to the same extent as the transferring Participant and has executed and delivered an assignment agreement;

(d) no Transfer permitted by this Article shall relieve the transferring Participant of its share of any accrued liability that arises out of Operations conducted prior to such Transfer, other than end of life abandonment and reclamation obligations which shall be the obligation and responsibility of the Participants when such work is undertaken;
(e) the transferring Participant and the transferee shall bear all tax consequences of the Transfer;
(f) if the Transfer is the grant of a Security Interest of any interest in this Agreement, any Participating Interest or the Joint Venture Property to secure a loan or other indebtedness of a Participant in a bona fide transaction, such security interest shall be subordinate to the terms of this Agreement and the rights and interests of the other Participants hereunder and upon any foreclosure or other enforcement of rights in the Security Interest, the acquiring third party shall be deemed to have assumed the position of the encumbering Participant with respect to this Agreement and the other Participants, and it shall comply with and be bound by the terms and conditions of this Agreement; and
(g) if a sale or other commitment or disposition of Products or proceeds from the sale of Products by a Participant upon distribution to it pursuant to Article 13 (Disposition of Product) creates in a third party a security interest in Products or proceeds therefrom prior to such distribution, such sales, commitment or disposition shall be subject to the terms and conditions of this Agreement.
16.3 RIGHTS OF FIRST REFUSAL. Except as otherwise provided in Section 16.4 (Exceptions to Rights of First Refusal), if a Participant desires to Transfer a portion or all or any part of its Participating Interest, the other Participants shall have the right of first refusal to acquire such Participating Interest in accordance with the following provisions:
(a) A Participant intending to Transfer a portion or all of its Participating Interest shall promptly notify the other Participants of its intentions. The notice shall state the price and all other pertinent terms and conditions of the intended Transfer. The notice shall also state the cash equivalent, determined on a good faith basis, of any portion of the consideration for the intended transfer which does not consist of cash or production royalties. The Participant giving such notice need not have already received an offer to purchase, but if it has, the notice shall be accompanied by a copy of the written offer or contemplated agreement. Each of the other Participants shall have thirty (30) days from the date such notice is delivered to notify the transferring Participant whether it elects to acquire the offered Participating Interest at the same price and on the same terms and conditions as set forth in the notice. If one or more Participants do so elect, the Transfer shall be consummated promptly and in any event within ninety (90) days after notice of such election is delivered to the transferring Participant. In the event more than one Participant elects to acquire the offered interest, they will each acquire and pay for a share of the

offered interest in proportions agreed upon among themselves or failing such agreement then each pro rata according to their respective Participating Interests then held.

(b) If the other Participants fail to so elect within the period provided for in Section 16.3(a), the transferring Participant shall have one hundred twenty (120) days following the expiration of such period to consummate the Transfer to a third party at a price and on terms no less favourable than those offered by the transferring Participant to the other Participants in the notice required in Section 16.3(a).
(c) If the transferring Participant fails to consummate the Transfer to a third party within the period set forth in Section 16.3(b), the right of first refusal of the other Participant in such offered interest shall be deemed to be revived. Any subsequent proposal to Transfer such interest shall be conducted in accordance with all of the procedures set forth in this Section 16.3.
16.4 EXCEPTIONS TO RIGHTS OF FIRST REFUSAL. Section 16.3 (Rights of First Refusal) shall not apply to the following:
(a) Transfer by a Participant of a portion or all of its Participating Interest to an Affiliate. Provided however, that if a Participant does Transfer a portion or all of its Participating Interest to an Affiliate in a circumstance which would otherwise be an exception to the Right of First Refusal and has, at the time of such Transfer, as one of its objectives, the intention of the eventual disposition directly or indirectly, of the Participant's Participating Interest to a person or entity other than the Affiliate, the transaction shall not be an exception to the Right of First Refusal. The proof that such a Transfer does not qualify as an exception to the Right of First Refusal shall be upon the Participant seeking to challenge the status of the Transfer.
(b) A corporate merger, consolidation, amalgamation or reorganization of a Participant by which the surviving entity shall possess substantially all of the stock or all of the property rights and interests, and be subject to substantially all of the liabilities and obligations, of that Participant.
(c) The sale or distribution by a Participant of stock, rights or interest in such Participant, through a public offering, private sale or otherwise.
(d) The grant by a Participant of a Security Interest in its interest in this Agreement, any Participating Interest or the Joint Venture Property, provided that such grant is made upon and subject to the terms and conditions set forth in Section 2.5 (Encumbering Joint Venture Property).
(e) A sale or other commitment or disposition of Products or proceeds from sale of Products by a Participant upon distribution to it pursuant to Article 13 (Disposition of Product).

ARTICLE 17 CONFIDENTIALITY

17.1 GENERAL. The terms of this Agreement and all information obtained in connection with the performance of this Agreement or the carrying out of Operations under this Agreement shall be the exclusive property of the Participants and, except as provided in Section 17.2 (Exceptions), shall not be disclosed to any third party or the public, through press releases or otherwise, without the prior written consent of the other Participant(s), which consent shall not be unreasonably withheld.
17.2 EXCEPTIONS. The consent required by Section 17.1 (General) shall not apply to a disclosure to:
(a) an Affiliate, consultant, contractor or subcontractor of a Participant that has a bona fide need to be informed;
(b) any third party to whom the disclosing Participant contemplates a Transfer of a portion or all of its Participating Interest;
(c) a governmental agency or to the public which the disclosing Participant believes in good faith is required by pertinent law or regulation or the rules of any stock exchange; or
(d) actual or potential lenders or underwriters of a Participant who have a bona fide need to be informed.

In any case to which this Section 17.2 is applicable, the disclosing Participant shall give notice to the other Participants concurrently with the making of such disclosure. As to any disclosure pursuant to Section 17.2(a) or (b), only such confidential information as such third party shall have a legitimate business need to know shall be disclosed and such third party shall first agree in writing to protect the confidential information from further disclosure to the same extent as the Participants are obligated under this Article or be obliged at law to keep the information confidential.

17.3 DURATION. The provisions of this Article shall apply during the term of this Agreement and for two years following termination of this Agreement pursuant to Article 14 (Withdrawal and Termination), and shall continue to apply to any Participant who withdraws, who is deemed to have withdrawn or who Transfers its Participating Interest, for two years following the date of such occurrence.
17.4 PUBLIC STATEMENTS. Notwithstanding anything else in this Article 17, a Participant wishing to make a public announcement or public disclosure with regard to the Joint Venture, including confidential and non-confidential information, shall first obtain the prior written consent of the other Participants as to the content and timing of such announcement or disclosure, which consent shall not be unreasonably withheld or delayed. The Participants recognize the need to make public, from time to time, the status of the venture and agree to cooperate with each other to that end.

ARTICLE 18 RESOLUTION OF DISPUTES

18.1 NEGOTIATED SETTLEMENT. The Participants will attempt to resolve any dispute, disagreement, controversy, question or claim arising out of or relating to this Agreement (a "Dispute"), including, without limitation, its formation, execution, validity, application, interpretation, performance, breach, termination and/or enforcement arising out of or relating to this Agreement expeditiously and by good faith negotiation to the fullest extent reasonably possible. If a Dispute cannot be resolved by negotiation within thirty (30) days after the date a Participant has given the other Participant(s) involved in the Dispute written notice of such Dispute, then any such Participant may submit such Dispute for settlement by binding arbitration in accordance with this Agreement.
18.2 ARBITRATION. The Participants agree that any Dispute not resolved in accordance with Section 18.1 (Negotiated Settlement) shall be submitted to arbitration pursuant to The Commercial Arbitration Act, 1992 (Saskatchewan) ("Arbitration"). A Dispute shall not be made the subject matter of an action in a court of law or equity by any Participant (except in connection with the enforcement of an Arbitration award) but shall be submitted to Arbitration and finally determined in accordance with the provisions of this Article 18. The following procedural rules shall apply to any Arbitration:
(a) The Arbitration shall be commenced by delivery of a written complaint (the "Complaint") which shall describe the Dispute. The Participants involved in the Dispute ("Arbitration Participants") shall agree to the appointment of an arbitrator within forty-five (45) days of service of the Complaint and if the Arbitration Participants cannot agree, an arbitrator, who is independent of them and qualified by education and experience to resolve the Dispute, will be appointed (the "Arbitrator") upon the application pursuant to The Arbitration Act, 1992 (Saskatchewan) to her Majesty's Court of King's Bench for Saskatchewan by any of the Arbitration Participants.
(b) The place of the Arbitration shall be Saskatoon, Saskatchewan or such other place as the Arbitration Participants may agree.
(c) The Arbitrator once appointed shall receive the submissions of the Arbitration Participants.
(d) The language of the Arbitration shall be English.
(e) The decision of the Arbitrator shall be rendered in writing with all reasonable expedition and shall be final and binding upon the Arbitration Participants and shall not be subject to appeal to, or review, by certiorari or otherwise, by any court or tribunal whatsoever.
(f) The costs and expenses of the Arbitrator shall be borne by the Arbitration Participants in such proportions as the Arbitrator may determine to be appropriate, and the Arbitration Participants shall bear such costs and expenses incurred in any such proceeding as may be awarded in the discretion of the Arbitrator.
(g) It shall be a condition of the appointment of any Arbitrator that the Arbitrator shall maintain in strict confidence all documents, the transcripts of the proceedings and other materials and all information disclosed by or on behalf of the Arbitration Participants and shall not use the same or allow the same to be used for any purpose collateral to the Arbitration and, at the request of the Arbitration Participants that provided any documents or other printed materials, shall return all originals and any copies of such documents and printed materials.
18.3 CONTINUATION OF PERFORMANCE. Pending the final decision of the Arbitrator, the Participants agree to diligently proceed with the performance of this Agreement, including the payment of all sums due hereunder.

ARTICLE 19 GENERAL PROVISIONS

19.1 NOTICES. Any notice or other communication (a "Notice") required or permitted to be given hereunder must be in writing and may be given by:
(a) delivering it to the Participant to whom directed at the Participant's address; or
(b) sending it by facsimile transmission; or
(c) sending it by an electronic messaging system; or
(d) sending it by first class, registered or certified mail (postage prepaid, return receipt requested).

Any invoice, notice or other communication given in accordance with Sections 18.1(a), (b) or (c) on a Business Day during or prior to the recipient's business hours will be taken to have been sent and received at the time such Notice is received by the recipient and any such Notice that is received on a non-Business Day or after the close of a recipient's business hours on a Business Day, is deemed to have been sent and received on the next succeeding Business Day. Any Notice mailed pursuant to Section 19.1(d) is deemed to have been given or sent and received at the time such Notice is received. If a Notice is given pursuant to Sections 11.1 or (c), the Participant to whom the Notice was directed may request proof of transmission. A confirmation page from the transmitting facsimile machine showing time, date and destination of the successful transmission, or an electronic receipt from the electronic mail service of the transmitting Participant evidencing successful transmission of the invoice, notice or communication is good evidence of transmission.

The addresses of the Participants, unless and until another address is specified by written notice to the other Participants, and the addresses to which all such invoices, notices or other communications may be forwarded are as follows:

To GRD: Grounded Lithium Corp. Suite 500, 400 5th Avenue SW Calgary, Alberta T2P 0L6 Email: [●] Attention: [●]

To DML: Denison Mines Corp. 345 4th Avenue South Saskatoon, Saskatchewan S7K 1N3 Email: [●] Attention: [Vice President ●]
19.2 WAIVER. The failure of a Participant to insist on the strict performance of any provision of this Agreement or to exercise any right, power or remedy upon a breach hereof shall not constitute a waiver of any provision of this Agreement or limit the Participants right thereafter to enforce any provision or exercise any right.
19.3 FORCE MAJEURE. The obligations of a Participant shall be suspended to the extent and for the period that performance is prevented by any cause, whether foreseeable or unforeseeable, beyond its reasonable control, including, without limitation, labour disputes (however arising and whether or not employee demands are reasonable or within the power of the participant to grant) acts of God; laws, regulations, orders, proclamations, instructions or requests of any government or governmental entity; judgments or orders of any court; inability to obtain on commercially reasonably terms any public or private license, permit or other authorization; curtailment or suspension of activities to remedy or avoid an actual or alleged, present or prospective violation of federal, provincial or local environmental standards; epidemic or pandemic; acts of war or conditions arising out of or attributable to war, whether declared or undeclared; riot, civil strife, insurrection or rebellion; fire, explosion, earthquake, storm, flood, sink holes, drought or other severely adverse weather condition; unavoidable delay or failure by suppliers or transporters of materials, parts, supplies, services or equipment or by contractors' or subcontractors' shortage of, or inability to obtain, labour, transportation, materials, machinery, equipment, supplies, utilities or services; accidents; breakdown of equipment, machinery or facilities; or any other cause whether similar or dissimilar to the foregoing. The time for performance of all obligations hereunder (except for the obligation to make payments when due) shall be extended for a period equivalent to any period(s) of force majeure, as described above. The affected Participant shall promptly give notice to the other Participant of the suspension of performance, stating therein the nature of the suspension, the reasons therefore, and the expected duration thereof. The affected Participant shall resume performance as soon as reasonably possible. During the period of suspension the obligations of the Participants to advance funds pursuant to Section 12.2 (Invoices and Cash Calls) shall be reduced to levels consistent with Operations.
19.4 RULES AGAINST PERPETUITIES. Notwithstanding anything either contrary herein contained, the right of any Participant to acquire to any Participating Interests from any other Participant shall cease, determine and be at an end no later than the expiration of twenty-one (21) years after the death of the last surviving lawful descendant of His Majesty King Charles III of England living on the Effective Date. If the rule against perpetuities is abolished in Saskatchewan so that it no longer applies to the Properties, this Section shall be automatically deleted from this Agreement.
19.5 FURTHER ASSURANCES. Each of the Participants agrees to take from time to time such actions and execute such additional instruments as may be reasonably necessary or convenient to implement and carry out the intent and purpose of this Agreement.
19.6 SURVIVAL OF TERMS AND CONDITIONS. The expiration or termination of this Agreement shall not affect the obligations and liabilities of the Participants having arisen hereunder prior to the date of such expiration or termination or the survival of any of the remedies, representations, warranties and indemnities set forth in this Agreement and any rights based upon a prior breach or failure of performance. Furthermore, the Participants shall continue to be liable to pay any amount accruing and/or payable by such Participants to the other, with interest as appropriate, upon such termination or thereafter.
19.7 SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the respective successors and permitted assigns of the Participants.
19.8 EXECUTION AND COUNTERPARTS. This Agreement may be signed electronically and in counterparts and each such counterpart shall constitute an original document and such counterparts, taken together, shall constitute one and the same instrument.

IN WITNESS WHEREOF, the Participants have executed this Agreement as of the date first above written.

DENISON MINES CORP.

By:

Name: Title:

GROUNDED LITHIUM CORP.

By:

Name: Title:

SECTION 1. MINERAL INTERESTS

As of the Effective Date, the Mineral Interests of the Joint Venture are set out in Appendix A2.

SECTION 2. TANGIBLE ASSETS

The tangible assets of the Joint Venture are as follows:

None

SECTION 3. INTANGIBLE ASSETS

The intangible assets of the Joint Venture are as follows:

None

APPENDIX A2 MAP OF MINERAL INTERESTS

(see attached)

Descriptions of the Respective Lessor/Grantor Royalties Encumbering each of the Mineral Permits and Leases included in the Mineral Interests Regarding the Joint Venture Property

Crown Subsurface Permits: Saskatchewan Crown Permit to Explore For Subsurface Minerals Nos. SMP122, SMP123, SMP124, SMP125, SMP126, SMP127, SMP128, SMP129 and SMP226

Respective Lands – as described in the copies of the attached 9 Crown Subsurface Permits.

PrairieSky Royalty Ltd. Brine Metallic and Industrial Minerals Work Permit dated March 10, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp. ("PrairieSky Permit"), including Amending Agreement dated May 18, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp. and Amending Agreement dated October 25, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp.

Respective Lands – as described in the copies of the attached PrairieSky Permit and the 2 related Amending Agreements.

Royalties Payable to PrairieSky – as outlined in the Brine Metallic and Industrial Minerals Lease Term Sheet attached as Schedule "B" of the PrairieSky Permit:

Redacted - commercially sensitive information.

Computershare Trust Company of Canada Brine Minerals Work Permit dated September 6, 2022 between Computershare Trust Company of Canada, New Trustee for Montreal Trust Company of Canada, as agent for National Trust Company Limited, successor to Victoria and Grey Trust Company, as per Court Order dated December 19, 2002 and Grounded Lithium Corp. ("Computershare Permit")

Respective Lands – as described in the copy of the attached Computershare Permit.

Royalties Payable to Computershare – as outlined in the Brine Minerals Lease Term Sheet attached as Schedule "B" of the Computershare Permit:

Redacted - commercially sensitive information.

Private Freehold Subsurface Mineral Leases dated March 1, 2021: Six (6) Individual Freehold Subsurface Minerals Leases involving Amanda Deschner, Christina Deschner, Deborah Cooke, Roger Ricard, Laurie Swalm and Lorne Swalm, as individual lessors, and Grounded Lithium Corp., as lessee.

Respective Lands – as described in the copies of the attached 6 individual Subsurface Mineral Leases.

Royalties Payable to Each Respective Lessor – as outlined in Clause 5 (subclauses b and c) of each of the individual Subsurface Mineral Leases:

Product Concentration	Percentage of Net Royalty
> 75 mg/litre	10%
65 to 75 mg/litre	9%
55 to 64 mg/litre	8%
45 to 54 mg/litre	7%
35 to 44 mg/litre	6%
< 34 mg/litre	5%

Crown Subsurface Permits: Saskatchewan Crown Permit to Explore For Subsurface Minerals Nos. SMP122, SMP123, SMP124, SMP125, SMP126, SMP127, SMP128, SM P129 and SMP226

Redacted – commercially sensitive information.

BRINE METALLIC AND INDUSTRIAL MINERALS WORK PERMIT

This Agreement is dated the 10th day of March, 2022

BETWEEN:

PRAIRIESKY ROYALTY LTD., a body corporate with an office in the City of Calgary, in the Province of Alberta ("PSK")

-and-

GROUNDED LITHIUM CORP., a body corporate with an office in the City of Calgary, in the Province of Alberta ("GLC")

NOW THEREFORE, in consideration of the premises hereto and the mutual covenants, agreements and other considerations contained in this Agreement, the Parties agree as follows:

1. DEFINITIONS

(a) "Abandon" means the proper plugging and abandoning of a well in compliance with the Regulations and the restoration of the well sites to the satisfaction of any governmental body having jurisdiction with respect thereto and to the reasonable satisfaction of the owner or occupier of the surface;
(b) "Agreement" means this Brine Metallic and Industrial Minerals Work Permit and includes all Schedules attached hereto;
(c) "Annual Administration Fee" means the sum of payable annually before the anniversary date for any Granted Lands which are subject to this Agreement, and which for the first year of the Work Permit Period shall total Redacted: commercially sensitive information.
(d) "Brine Deposits" means subsurface natural mineral salts, dissolved in geological formation waters, including but not limited to boron, calcium, lithium, magnesium, potassium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds;

(e) "Charge" has the meaning given in Clause 3;
(f) "Commercial Operations" means continuous and diligent Production Operations (as defined in the Metallic and Industrial Minerals Lease Term Sheet attached as Schedule "B") and the associated sale of Brine Deposits produced from the Granted Lands;
(g) "Complete" means the installation in, on or with respect to a well of all such production casing, tubing and wellhead equipment and all such other equipment and material necessary for the permanent preparation of the well for the taking of Brine Deposits therefrom up to and including the outlet valve on the wellhead and includes, as necessary, perforating, stimulating, treating, fracing and swabbing the well and conducting such production tests as are reasonably required to establish the initial productivity of the well;

(h) "Contract Depth" means:

Redacted: commercially sensitive information.

(i) in the case of a vertical well, a minimum vertical depth sufficient to penetrate into the Duperow Formation, as necessary to

log and evaluate same, or

(ii) in the case of a Horizontal Well, a depth sufficient to penetrate and evaluate the Duperow Formation with a horizontal leg of which at least three hundred meters (300m) of the total length, measured from point of entry into that Formation at an inclination of at least 80 degrees from vertical and thereafter laterally along the same stratigraphic interval to termination point, is located on the Granted Lands within a Section;
(i) "Default" means, at the applicable time, being in breach of any term or condition of this Agreement or a Lease remaining subject hereto, including any failure to perform or satisfy a covenant, commitment or obligation, as or when required, and any other event deemed a default in Clause 9(a);
(j) "Devonian" means the geological subsurface rock strata interval measured from a depth of eight hundred and fifty-three meters (853.0m) to one thousand five hundred and thirty-eight point five meters (1538.5m) based on the Photo Density Dual Spaced Neutron Log of the 131/16-14-033-24W3/00 well;
(k) "Duperow Formation" means the geological subsurface rock strata interval measured from a depth of nine hundred and fourteen meters (914.0m) to one thousand one hundred and eighty-two point seven meters (1182.7m) TVD based on the Photo Density Dual Spaced Neutron Log of the 131/16-14-033-24W3/00 well;
(I) "Extended Term" means a period of that the initial Work Permit Period may be extended pursuant to Clause 6 or Clause 7;
(m) "Extension Notice" has the meaning ascribed in Clause 6;
(n) "Extension by Payment Notice" has the meaning ascribed in Clause 7

payable concurrently with the execution of this Agreement;

(o) "Extension Payment" means a non-refundable cash consideration of per net hectare payable on that portion of the Granted Lands selected pursuant to Clause 7, that would not otherwise be extended for the Extended Term pursuant to Clause 6, and which total amount will apply to extend the applicable Granted Lands for the Extended Term;
(p) "Extension Well" means any well drilled on the Lands that will qualify same for extension of the Work Permit Period in accordance with Clause 6;
(q) "Fee Lands" means all those lands set out in Schedule "A", to the extent of PSK's undivided registered or beneficial fee title mineral interests held under the Title Documents;
(r) "Granted Lands" means the Fee Lands identified as the Granted Lands in Schedule "A", to the extent only of Brine Deposits in the Devonian to which the terms of this Agreement apply;

(s) "Initial Consideration" means the sum of

, which shall be

(t) "Lease" or "Leases" means any lease subsequently issued by PSK to GLC for the Granted Land or any portion thereof, pursuant to Clause 8, which Leases will include the terms outlined in the Lease Term Sheet attached hereto as Schedule "B";
(u) "Parties" means the parties to this Agreement and "Party" means a party to this Agreement;

Redacted: commercially sensitive information.

Redacted: commercially sensitive information.

Redacted: commercially sensitive information.

(v) "Quarter Section" means a full surveyed quarter of a Section comprised of approximately 64.75 hectares or, if the Granted Lands do not comprise the full quarter or the entire undivided one hundred percent (100%) of the mineral interest, that number of net hectares as described in Schedule "A";
(w) "Recompletion" means to re-enter an existing wellbore to Complete the Duperow Formation for the recovery of Brine Deposits;
(x) "Section" means a full surveyed section of land comprised of approximately 259 hectares or, if the Granted Lands do not comprise the full section or the entire undivided one hundred percent (100%) of the mineral interest, that number of net hectares described in Schedule "A";
(y) "Title Document" means the documents of title (or any of them) under which PSK holds its fee simple mineral interest in and to the Granted Lands, including all amendments, renewals, extensions, replacements or continuations thereof;
(z) "Well Data Requirement Sheet" means the document named "Well Data Requirement Sheet"to be used by GLC in the form as found on PSK's website at the relevant time; and

(aa) "Work Permit Period" means the term of this Agreement, which for certainty expires on , subject to Clauses 6 and 7. Redacted: commercially sensitive information.

2. INTERPRETATION AND GENERAL PROVISIONS

The following schedules (each a "Schedule") are attached to and form part of this Agreement:

Schedule "A"	Fee Lands
Schedule "B"	Metallic and Industrial Minerals Lease Term Sheet

3. ENCUMBRANCES

4. ISSUANCE OF WORK PERMIT

5. INFORMATION

(a) GLC shall, with respect to all Work conducted on the Granted Lands:
(i) furnish to PSK the information specified in the Well Data Requirement Sheet, within the time period specified therein,
(ii) upon receiving a written request from PSK, promptly provide copies to PSK of all permits, licenses, certificates, approvals, authorizations, registrations, exemptions or other documents required for the valid performance of the Work under this Permit, and
(iii) provide copies to PSK of all reports filed with any federal, provincial or municipal government pursuant to the Work.
(b) All information required to be furnished by GLC to PSK shall, if reasonably requested by PSK, and provided they are in a format capable of being so certified, be certified by a professional engineer, professional geologist or professional geophysicist registered to practice as such in the Province of Alberta or Saskatchewan.
(c) Subject to Clause 17, any information received under Clause 5(a) becomes the property of PSK and may be used, dealt or traded or exchanged with third parties as it sees fit in its sole discretion; provided however, that PSK shall not disclose or dispose of any interest in and to such information to any person, firm, corporation or other entity known to be engaged in or involved with the exploration and/or extraction of Brine Deposits.

6. EXTENSION OF WORK PERMIT PERIOD - EXTENSION WELLS

Redacted: commercially sensitive information.

7. EXTENSION OF WORK PERMIT PERIOD - EXTENSION PAYMENT

Redacted: commercially sensitive information.

8. COMMENCEMENT OF COMMERCIAL OPERATIONS AND SELECTION OF GRANTED LANDS FOR LEASES

9. DEFAULT AND TERMINATION OF AGREEMENT

(a) During the term of this Agreement, if GLC (i) is or becomes bankrupt or insolvent; (ii) becomes subject to the bankruptcy or insolvency laws of any jurisdiction in which it carries on business; (iii) appoints or has a third party appoint a receiver or custodian to take possession of its assets or announce its intention to do so; (iv) arranges with its creditors or applies to an administrator or court of competent jurisdiction for protection from its creditors; (v) permits any judgment to be registered against the Granted Lands and in respect of which GLC has not commenced actions within 30 days following notification of such judgement and continuously taken steps to have such judgement removed; or (vi) has demonstrated its inability to meet its financial obligations and has failed to observe or perform any material covenant, proviso, condition, restriction or stipulation contained in this Agreement and has not remedied such default within 30 days of receiving notice of same, then any such event shall be deemed a material Default under this Agreement without any further notice of any kind required from PSK to GLC, thereby (a) enabling PSK to terminate this Agreement immediately without any liability or obligation whatsoever to GLC; and (b) resulting in GLC being deemed to have forfeited and relinquished any further rights or options under this Agreement.
(b) The terms of this Agreement shall cease to apply to any of the Granted Lands, or with regard to any operations related thereto, for which a Lease has been issued from PSK to GLC. Nothing in this Clause, however, will relieve the Parties from any obligation or liability that accrued under this Agreement related to such Granted Lands prior to such Lease being fully executed.

10. ASSIGNMENT

11. LIMITATIONS

(a) for claims disclosed by an audit, two (2) years after the time this Agreement permitted that audit to be performed; or
(b) for all other claims, four (4) years;

whether or not the claimant was aware of the material facts which gave rise to the claim.

12. ADDRESS FOR NOTICE

PrairieSky Royalty Ltd. #1700, 350 — 7 Ave. SW Calgary, AB T2P 3N9

P.O. Box 780, Stn M Calgary, AB T2P 2J6

Attention: Land Department Attention: Land Department

1200, 112 — 4th Ave Calgary, AB T2P 0H3

GROUNDED LITHIUM CORP.

(b) A Party may, at any time, change its address for the purpose of service by providing written notice to the other Party.
(c) Notices given by way of electronic means of communication shall be conclusively deemed to have been received on the date of their transmittal (if on a Business Day during normal business hours of the recipient and, if not, on the next Business Day). Notices delivered by hand or courier shall be conclusively deemed to have been received on the date of delivery.
(d) Any notice or other communication given by prepaid mail shall be deemed to have been given on the fifth (5th) Business Day following deposit in the mail.
(e) No Party shall mail any notice hereunder during any period in which U.S or Canadian postal workers are on strike or if any such strike is imminent and may be anticipated to affect normal delivery thereof.

13. CONFLICTS

(a) If there is a conflict between any provision of this Agreement and the Regulations or Title Documents, the Regulations or Title Documents, as the case may be, shall govern, except this Agreement shall govern the relationship of the Parties with respect to the allocation of responsibility for losses to the extent provided for in this Agreement.
(b) If any provision of this Agreement conflicts with any provision in an exhibit or schedule attached to this Agreement (other than any Title Document), the provision of this Agreement shall prevail.
(c) If there is a conflict as provided for in Clause 13(a) or 13(b), this Agreement (excluding Title Documents) shall be modified accordingly to the extent necessary to resolve such conflict, and this Agreement, as so modified, shall continue in full force and effect.

14. CONDUCTING WORK

(a) The rights of GLC under this Agreement are subject to the rights of any holder of a petroleum, natural gas or oil sands lease presently or hereafter granted by PSK to carry out operations in respect of any zone or formation within and under the Fee Lands and nothing contained in this Agreement shall in any manner restrict the right of PSK to issue, continue or renew any such petroleum, natural gas or oil sands lease. For certainty, in the event GLC encounters any substance other than Brine Deposits, it must immediately inform PSK and, if the rights to those substance(s) are available, it must first negotiate and obtain a lease from PSK for such rights prior to producing those substance(s).
(b) GLC shall carry out the Work in a diligent, careful and workmanlike manner using the industry accepted practice in accordance with good environmental and mining practices in Canada and including:
(i) conducting all of its Work in accordance with any statute, law, bylaw, rule, regulation, policy, order, information letter, interim directive, general bulletin, guideline, notice requirements or other legislation of any kind in effect at any time and made by governments or governmental agencies having jurisdiction over the Work, or the Granted Lands and any environmental requirements or other operations incidental to the foregoing, including any judicial or administrative order, written request, consent decree or judgment or any provision or condition of any permit, licence, approval or other operating authorization (collectively, the "Regulations");
(ii) obtaining, at its own expense, the right to enter upon the surface of any lands to conduct Work and where the right to enter ceases leaving the surface in good condition and in accordance with the Regulations;
(iii) not interfering with PSK's any of PSK's lessees in their pursuit to explore for, win, take or remove any mineral rights related to the Fee Lands, and if there is a conflict with GLC's pursuit of its rights to explore and extract Brine Deposits and PSK's, or any of its lessees', pursuit of its rights to explore for, win, take or remove any such mineral rights, then PSK's rights are paramount to GLC's rights. PSK shall evaluate in a fair and equitable manner to judge both the harm and benefit to PSK and all lessee parties;
(iv) at GLC's sole cost and expense, keeping the Fee Lands free of liens and free of encumbrances that may be associated with the Work; and
(v) taking all reasonable steps to prevent the escape or release of any oil, gas, water or any other substance during the conduct of the Work that may cause an adverse impact upon the Fee Lands or the environment.
(c) Before the Work is commenced GLC shall obtain any license, permit or other authority that is required under the Regulations. Upon request by PSK, GLC will provide PSK with a copy of any such permits, licences, orders or approvals.

15. INSURANCE

16. INDEMNITIES

(a) GLC shall:
(i) be liable to PSK and its representatives; and
(ii) as a separate and independent covenant, indemnify PSK and its representatives,

(b) The liability or indemnification provided for in Clause 16(a) shall specifically cover costs incurred in connection with any investigation of site conditions, or any clean-up, remedial, removal or restoration work required by any federal, provincial or local governmental agency in accordance with the Regulations.
(c) Article 16 shall survive the termination or expiration of this Agreement.

17. CONFIDENTIALITY

18. CHANGE IN LAWS

19. MISCELLANEOUS

(a) Unless otherwise stated or the context otherwise requires, in this Agreement:

(i) the terms "in writing" or "written" include hand or type written, electronically printed or transmitted by email or fax;
(ii) when the context reasonably permits, words importing the singular shall be construed to suggest the plural and vice versa, and words importing gender or gender neutrality shall be construed to suggest the masculine, feminine and neutral genders;
(iii) if a term is defined in this Agreement, a derivative of that term used in this Agreement shall have a corresponding meaning;
(iv) the terms "herein", "hereby", "hereof", "hereunder", "hereto" and similar expressions mean or refer to this Agreement and not to any particular provision of this Agreement;
(v) "including" and "includes" or similar words when followed by any general statement, term or matter, shall mean "including without limitation" and "includes without limitation" and such particular listed words that follow shall not be interpreted so as to be an exhaustive list but rather such references shall be construed to refer to all items that could reasonably fall within the broadest possible scope of such general statement, term or matter;
(vi) the division of this Agreement into articles, sections, subsections, clauses, subclauses, paragraphs or other sub-divisions and the insertion of headings for any of the foregoing or the use of a table of contents, as applicable, are solely for convenience of reference and are not intended to be full or accurate descriptions of the contents hereof and shall not affect the construction or interpretation of this Agreement;
(vii) reference to an article, section, subsection, clause, subclause, paragraph, schedule or appendix, whether or not capitalized or followed by a number or letter or combination thereof, refers to the applicable article, section, subsection, clause, subclause, paragraph, schedule or appendix of or to this Agreement, unless otherwise specifically stated;
(viii) reference to any person or Party includes such person's or Party's permitted successors and assignees;
(ix) reference to any person or Party in a particular capacity is and is deemed to be a reference to that person or Party in that capacity and not in any other capacity;
(x) reference to any other contract, agreement, document or instrument is a reference to such contract, agreement, document or instrument in effect at the applicable time as amended, supplemented, replaced or otherwise varied or modified, in whole or in part, from time to time;
(xi) reference to any Regulations or any reference to a section or provision thereof or to any government consent, approval, permit or other authorization, means such as is in effect at the applicable time as amended, supplemented, codified, replaced, restated, re-enacted or otherwise varied or modified, in whole or in part, from time to time;
(xii) terms and expressions that are not specifically defined in this Agreement, but which have generally accepted meanings in the custom and usage of the petroleum and natural gas industry in Western Canada as of the date of this Agreement, shall have such generally accepted meanings when used in this Agreement unless the contrary is specified or provided for elsewhere in this Agreement;
(xiii) unless otherwise indicated, reference to a particular time refers to Mountain Standard Time or Mountain Daylight Savings Time during the respective periods in

which each is in force in Alberta and reference to a date means that day occurring during such same time zone as is in force in Alberta;

(xiv) unless otherwise specified herein, or as the context may require, computation of any period of time referred to in this Agreement shall exclude the first day and include the last day of such period;
(xv) reference to "dollars", or the use of the symbol "\$", means the lawful currency of Canada unless the contrary is specified or provided for elsewhere in this Agreement;
(xvi) for the purposes of this Agreement a business day means any day other than a Saturday, Sunday or statutory holiday in the Province of Alberta, Canada;
(xvii) where any payment is to be calculated or made, or an action is to be taken or notice is to be given on or as of a day that is not a business day, then unless otherwise provided herein, such payment is to be made or calculated, or that action is to be taken or the notice is to be given, as applicable, on or as of the next following business day; and
(xviii) the rule of contractual interpretation known as "contra proferentem" shall not apply to the interpretation or construction of this Agreement, such that it shall be irrelevant which Party drafted any particular provision hereof and any interpretation of the terms of this Agreement shall not be construed against the Party who reduced to writing the terms of this Agreement arrived at jointly by the Parties.
(b) Each Party covenants that it has good right, full power and authority to enter into this Agreement.
(c) The relationship of the Parties under this Agreement is limited to the matters specifically identified herein and, except as otherwise provided herein, the Parties hereby expressly disclaim any intention to create a partnership, trust or other fiduciary relationship or to constitute any Party as the agent, fiduciary or trustee of any other Party. GLC is independently conducting and directing its Work on behalf of itself or through its contractors, subcontractors, employees, advisers, invitees officers and directors or any of its third Party joint ventures or partners.
(d) If GLC fails to observe or perform or is in breach of any covenant, proviso, condition, restriction or stipulation in this Agreement, without in any way restricting any other rights and remedies which PSK may have under this Agreement or at law or in equity, PSK may give written notice to GLC requiring GLC to remedy such default; and, if GLC fails to remedy such default within a period of thirty (30) days from the receipt of such notice, this Agreement will terminate.
(e) No waiver on behalf of either Party to this Agreement of any breach of any covenant, condition, or proviso of this Agreement shall take effect or be binding unless the same be expressed in writing and delivered to the Party which is in breach. No reference to or exercise of any specific right or remedy by a Party under this Agreement shall prejudice or preclude that Party from exercising or invoking any other right or remedy in respect thereof, whether allowed at law or in equity or expressly provided for in this Agreement. No remedy shall be exclusive or dependent upon any other remedy and each Party may exercise any one or more remedy independently or in combination. No waiver of any particular provision, breach or default of this Agreement shall be deemed or constitute a continuing waiver of same or a waiver of any other provision, condition or requirement of this Agreement (whether or not similar), nor in any manner release a Party from performance of any other provision, condition or requirement herein and shall not limit or affect a Party's rights with respect to enforcement of any other right or remedy of any other future default or breach unless otherwise expressly provided. Any delay in exercising or failure to exercise any right, remedy, power or privilege hereunder by a Party shall not operate as a waiver thereof

nor impair the exercise of any such right, remedy, power or privilege or any other right, remedy, power or privilege accruing to that Party thereafter.

(f) This Agreement shall, in all respects, be subject to, interpreted, construed and enforced in accordance with and under the laws of the Province of Alberta and applicable laws of Canada and shall, in all respects, be treated as a contract made in the Province of Alberta. The Parties irrevocably attorn and submit to the exclusive jurisdiction of the courts of the Province of Alberta and courts of appeal therefrom in respect of all matters arising out of or in connection with this Agreement.
Time shall in all respects be of the essence in this Agreement.
Each Party, with notice to the other Party and without further consideration, may request the other Party perform further acts and execute further deeds and documents as is reasonably required in order to perform and carry out the terms of this Agreement.
GLC shall pay to PSK interest at the prime commercial lending rate of interest charged by The Royal Bank of Canada at their main branch in Calgary, Alberta to its most credit worthy customers plus two percent (2%) per annum on all monies overdue under the terms of this Agreement.
The provisions contained in any and all documents and agreements collateral to this Agreement shall at all times be read subject to the provisions of this Agreement and, in the event of conflict, the provisions of this Agreement shall prevail.
If any provision of this Agreement is determined to be invalid, illegal or unenforceable in any respect pursuant to the Regulations, the remainder of this Agreement, or the application of the provisions of this Agreement to persons, Parties or circumstances other than those to which it is held invalid, illegal or unenforceable, will not be affected or impaired thereby.
This Agreement shall not be varied in its terms or amended by oral agreement or by representations or otherwise other than by an instrument in writing dated subsequent to the execution and delivery of this Agreement, executed by a duly authorized representative of each Party.
This Agreement shall enure to the benefit of and be binding upon the Parties, their successors by name change, merger or amalgamation and their permitted assigns only and shall not be construed to create beneficiary rights in any other person.
The expiry, surrender or termination of this Agreement will not discharge or release any Party from any of its liabilities or obligations accrued at the time of such expiry or termination (including a breach) or from any of its liabilities or obligations that expressly continue beyond or arise out of such expiry or termination of this Agreement.
(o) Except for information which is available to the public from any governmental authority, PSK, if requested by GLC, shall treat as confidential all or any part of the information furnished, given or delivered to, or received by PSK pursuant to the Agreement, which for certainty excludes any information that becomes the property of the PSK, but this clause shall not prevent PSK from divulging any information to an affiliate of PSK provided that PSK shall require that the affiliate maintain the confidential status of the information and the affiliate shall be deemed to have accepted this obligation.

20. ENTIRE SUPERSEDING AGREEMENT

21. COUNTERPART EXECUTION

IN WITNESS WHEREOF duly authorized representatives of each of the Parties have executed this Agreement on the date first set out above.

PRAIRIESKY ROYALTY LTD.	GROUNDED LITHIUM CORP.
"signed"	"signed"
Per:	Per:
Name:	R. Gregg Smith
Cameron Proctor	Name:
Title:	Title:
Chief Operating Officer	President & CEO

This is an execution page to that BRINE METALLIC AND INDUSTRIAL MINERALS WORK PERMIT, dated the 10th of March, 2022 between PRAIRIESKY ROYALTY LTD. and GROUNDED LITHIUM CORP..

Responsibility	Irskirls
Landman
Legal *
Manager, Land Admin
Technical

Schedule A to a Brine Metalic and Industrial Minerals Work Permit dated the 10th day of March, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp.

FEE LANDS

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213688	147695103	T 29 R 17 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	159.34	64.483	PRAIRIESKY ROYALTY LTD.
T221763	147691648	T 29 R 17 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	159.76	64.653	PRAIRIESKY ROYALTY LTD.
T213689	147567820	T 29 R 17 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.87	65.102	PRAIRIESKY ROYALTY LTD.
T221769	147639280	T 29 R 17 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T221767	147548492	T 29 R 17 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	161.01	65.159	PRAIRIESKY ROYALTY LTD.
T221768	147564221	T 29 R 17 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
T213690	147694854	T 29 R 17 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	159.37	64.495	PRAIRIESKY ROYALTY LTD.
T221770	147694034	T 29 R 17 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	159.5	64.548	PRAIRIESKY ROYALTY LTD.
T221772	147703046	T 29 R 17 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	159.1	64.386	PRAIRIESKY ROYALTY LTD.
T221771	147697172	T 29 R 17 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	159.13	64.398	PRAIRIESKY ROYALTY LTD.
T219128	147770578	T 29 R 17 W3M PTN NE 21 All Mines and Minerals Excluding All POTASH	100%	4.76	1.926	PRAIRIESKY ROYALTY LTD.
T219129	147753366	T 29 R 17 W3M PTN SE 21 All Mines and Minerals Excluding All POTASH	100%	2.83	1.145	PRAIRIESKY ROYALTY LTD.
T213692	147737560	T 29 R 18 W3M PTN LSD 15, 16 SEC 7 All Mines and Minerals Excluding All POTASH	100%	27.54	11.145	PRAIRIESKY ROYALTY LTD.
T221777	147707523	T 29 R 18 W3M PTN NW 7 All Mines and Minerals Excluding All POTASH	100%	106.21	42.982	PRAIRIESKY ROYALTY LTD.
T213693	147710527	T 29 R 18 W3M PTN SE 17 All Mines and Minerals Excluding All POTASH	100%	86.59	35.042	PRAIRIESKY ROYALTY LTD.
T221780	147743354	T 29 R 18 W3M PTN SE 17 All Mines and Minerals Excluding All POTASH	100%	67.34	27.252	PRAIRIESKY ROYALTY LTD.
T221781	147707219	T 29 R 18 W3M PTN SW 17 All Mines and Minerals Excluding All POTASH	100%	118.61	48	PRAIRIESKY ROYALTY LTD.
T221782	147736389	T 29 R 18 W3M PTN LSD 3, 4 SEC 17 All Mines and Minerals Excluding All POTASH	100%	35.17	14.233	PRAIRIESKY ROYALTY LTD.
T213694	147603955	T 29 R 18 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T221785	147597182	T 29 R 18 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T221783	147713935	T 29 R 18 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.12	64.394	PRAIRIESKY ROYALTY LTD.
T221784	147678744	T 29 R 18 W3M SW 25 All Mines and Minerals	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.

Excluding All POTASH

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213695	147683582	T 29 R 19 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.78	64.661	PRAIRIESKY ROYALTY LTD.
T221786	147669957	T 29 R 19 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.26	64.855	PRAIRIESKY ROYALTY LTD.
T221788	147609153	T 29 R 19 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T221787	147609300	T 29 R 19 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.38	64.904	PRAIRIESKY ROYALTY LTD.
T213696	147685371	T 29 R 19 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	159.68	64.621	PRAIRIESKY ROYALTY LTD.
T221791	147676090	T 29 R 19 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T221790	147755212	T 29 R 19 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.72	64.637	PRAIRIESKY ROYALTY LTD.
T221789	147664211	T 29 R 19 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T213697	147684538	T 29 R 19 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.74	64.645	PRAIRIESKY ROYALTY LTD.
T221800	147691839	T 29 R 19 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.73	64.641	PRAIRIESKY ROYALTY LTD.
T221798	147691558	T 29 R 19 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.76	64.653	PRAIRIESKY ROYALTY LTD.
T221799	147596383	T 29 R 19 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T213698	147661016	T 29 R 19 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.26	64.855	PRAIRIESKY ROYALTY LTD.
T221801	147601302	T 29 R 19 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T214064	147695181	T 30 R 19 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.33	64.479	PRAIRIESKY ROYALTY LTD.
T214065	147694832	T 30 R 19 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.41	64.511	PRAIRIESKY ROYALTY LTD.
T214066	147695383	T 30 R 19 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.45	64.527	PRAIRIESKY ROYALTY LTD.
T214067	147658652	T 30 R 19 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T213932	147692942	T 28 R 20 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.64	64.604	PRAIRIESKY ROYALTY LTD.
T215850	147564816	T 28 R 20 W3M NE 31	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T220337	147564018	T 28 R 20 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
T220336	147650845	T 28 R 20 W3M SE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T220332	147672153	T 28 R 20 W3M SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213933	147656278	T 28 R 20 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T228300	147735322	T 28 R 20 W3M PTN SE 35 All Mines and Minerals Excluding All POTASH	100%	46.94	18.996	PRAIRIESKY ROYALTY LTD.
T228301	147761624	T 28 R 20 W3M PTN SE 35 All Mines and Minerals Excluding All POTASH	100%	6.45	2.61	PRAIRIESKY ROYALTY LTD.
T213935	147707848	T 28 R 20 W3M PTN SE 35 All Mines and Minerals Excluding All POTASH	100%	107.29	43.419	PRAIRIESKY ROYALTY LTD.
T222045	147822475	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222046	147748562	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222047	147748573	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222048	147748539	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222049	147748540	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222050	147635725	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222051	147636186	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222052	147629346	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222053	147629368	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222054	147629380	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222055	147634678	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222056	147634768	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222057	147634814	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222058	147748551	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222059	147636164	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222060	147636209	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222061	147636221	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222062	147636243	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222063	147636254	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222064	147636298	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222065	147636333	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222066	147636388	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222067	147629357	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222068	147629379	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222069	147629403	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222070	147629414	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222071	147629425	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222072	147629436	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222073	147629458	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222074	147634702	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222075	147634757	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222076	147634803	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222077	147634869	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222078	147634858	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222079	147634870	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222080	147634915	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222081	147629537	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222082	147629548	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222083	147629559	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222084	147629582	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222085	147629616	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222086	147629650	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222087	147629694	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222088	147633802	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222089	147633958	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222090	147633970	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222099	147737302	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222101	147737346	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222102	147737379	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222103	147629560	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222104	147629605	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222105	147629627	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222106	147633790	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222107	147633813	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222108	147633824	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222110	147633835	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222111	147633846	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222112	147633969	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222113	147633981	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222114	147737414	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222115	147748595	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222116	147748607	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222117	147748618	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222118	147748629	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222119	147748630	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222120	147748652	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222121	147748674	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222122	147748977	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222123	147749013	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222124	147749440	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222129	147749462	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222130	147749552	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222131	147749563	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222132	147749901	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222133	147749912	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222134	147749923	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222135	147749934	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222136	147749945	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222137	147749956	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222138	147748584	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222139	147748999	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222140	147749024	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222141	147749046	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222142	147749057	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222143	147749068	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222144	147749080	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222145	147749103	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222146	147749114	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222147	147749035	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222148	147748988	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222149	147749079	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222150	147749125	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222151	147749147	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222152	147749158	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222153	147749169	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222154	147749967	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222155	147749978	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222156	147749989	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222157	147749990	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222158	147749170	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222159	147749204	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.09	0.036	PRAIRIESKY ROYALTY LTD.
T222160	147749237	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222161	147633857	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222162	147633868	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222163	147633879	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222164	147633880	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222165	147633891	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222166	147633903	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222167	147633914	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222168	147630944	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222169	147630955	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222170	147630966	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222171	147630977	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222172	147630988	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222173	147631002	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222174	147631013	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222175	147631024	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222176	147631046	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222177	147631057	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222178	147633925	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222179	147633936	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222180	147633947	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222181	147749181	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222182	147749192	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222183	147749215	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.045	0.018	PRAIRIESKY ROYALTY LTD.
T222184	147749226	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222185	147749248	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222186	147749260	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222187	147749271	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222188	147749282	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222189	147749293	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.143	0.058	PRAIRIESKY ROYALTY LTD.
T222190	147749305	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222191	147749316	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222192	147749338	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222193	147749406	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222194	147749428	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222195	147749439	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222196	147749451	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222197	147749473	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222198	147749484	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222199	147749495	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222200	147749518	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222201	147749327	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222202	147749350	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222203	147749361	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222204	147749383	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222205	147749394	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.072	0.029	PRAIRIESKY ROYALTY LTD.
T222206	147749417	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	50%	0.126	0.051	PRAIRIESKY ROYALTY LTD.
T222435	150817125	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All Coal	50%	5.315	2.151	PRAIRIESKY ROYALTY LTD.
T222436	143803683	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All Coal	100%	31.832		12.882 CANADIAN NATIONAL REALTIES LIMITED
T222437	143803694	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All Coal	100%	0.69		0.279 CANADIAN NATIONAL REALTIES LIMITED
T228267	148737279	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	2.9	1.174	PRAIRIESKY ROYALTY LTD.
T228268	148737280	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	3.06	1.238	PRAIRIESKY ROYALTY LTD.
T228290	147752792	T 28 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	2.9	1.174	PRAIRIESKY ROYALTY LTD.
T219130	147754345	T 29 R 20 W3M PTN LSD 10 SEC 5 All Mines and Minerals Excluding All POTASH	100%	2.65	1.072	PRAIRIESKY ROYALTY LTD.
T219131	147749732	T 29 R 20 W3M PTN NW 5 All Mines and Minerals Excluding All POTASH	100%	6.94	2.809	PRAIRIESKY ROYALTY LTD.
T219132	147752556	T 29 R 20 W3M PTN LSD 7, 8 SEC 5 All Mines and Minerals Excluding All POTASH	100%	4.29	1.736	PRAIRIESKY ROYALTY LTD.
T219133	147770545	T 29 R 20 W3M PTN SE 7 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	4.77	1.93	PRAIRIESKY ROYALTY LTD.
T219134	147631631	T 29 R 20 W3M PTN SW 7 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	6.79	2.748	PRAIRIESKY ROYALTY LTD.
T213699	147662972	T 29 R 20 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T221804	147595393	T 29 R 20 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T221802	147659013	T 29 R 20 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T221803	147642150	T 29 R 20 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.65	65.013	PRAIRIESKY ROYALTY LTD.
T213700	147609423	T 29 R 20 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221806	147573287	T 29 R 20 W3M NW 33 All Mines and Minerals	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T221807	147692986	Excludina All POTASH T 29 R 20 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	159.59	64.584	PRAIRIESKY ROYALTY LTD.
T221805	147691378	T 29 R 20 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	159.77	64.657	PRAIRIESKY ROYALTY LTD.
T213701	147659798	T 29 R 20 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T221810	147653231	T 29 R 20 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T221809	147595810	T 29 R 20 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T221808	147650902	T 29 R 20 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214068	147658685	T 30 R 20 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.37	64.9	PRAIRIESKY ROYALTY LTD.
T214069	147660217	T 30 R 20 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T214070	147609445	T 30 R 20 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T214071	147672142	T 30 R 20 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T214072	147686721	T 30 R 20 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	159.62	64.596	PRAIRIESKY ROYALTY LTD.
T214073	147696216	T 30 R 20 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	159.24	64.442	PRAIRIESKY ROYALTY LTD.
T214074	147672704	T 30 R 20 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T214075	147695709	T 30 R 20 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	159.48	64.54	PRAIRIESKY ROYALTY LTD.
T214259	147604057	T 30 R 20 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T214260	147599005	T 30 R 20 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.17	64.819	PRAIRIESKY ROYALTY LTD.
T214261	147601627	T 30 R 20 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.05	64.77	PRAIRIESKY ROYALTY LTD.
T214262	147596091	T 30 R 20 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T214263	147676966	T 30 R 20 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.9	64.71	PRAIRIESKY ROYALTY LTD.
T214264	147596800	T 30 R 20 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.37	64.9	PRAIRIESKY ROYALTY LTD.
T214265	147665380	T 30 R 20 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160	64.75	PRAIRIESKY ROYALTY LTD.
T214266	147609940	T 30 R 20 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T214267	147674683	T 30 R 20 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214268	147742566	T 30 R 20 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	159.23	64.438	PRAIRIESKY ROYALTY LTD.
T214269	147645726	T 30 R 20 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T214270	147675954	T 30 R 20 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	159.92	64.718	PRAIRIESKY ROYALTY LTD.
T214271	147665289	T 30 R 20 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T214272	147684460	T 30 R 20 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.75	64.649	PRAIRIESKY ROYALTY LTD.
T214273	147672591	T 30 R 20 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T214274	147683571	T 30 R 20 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.78	64.661	PRAIRIESKY ROYALTY LTD.
T214275	147672489	T 30 R 20 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T214276	147670656	T 30 R 20 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T214277	147674616	T 30 R 20 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T214278	147709200	T 30 R 20 W3M PTN SW 15 All Mines and Minerals Excluding All POTASH	100%	148.38	60.048	PRAIRIESKY ROYALTY LTD.
T225472	147801573	T 30 R 20 W3M PTN SW 15 All Mines and Minerals Excluding All POTASH	100%	0.77	0.312	PRAIRIESKY ROYALTY LTD.
T214279	147610166	T 30 R 20 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T214280	147598026	T 30 R 20 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T214281	147663850	T 30 R 20 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.08	64.782	PRAIRIESKY ROYALTY LTD.
T214282	147600424	T 30 R 20 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.33	64.884	PRAIRIESKY ROYALTY LTD.
T214283	147673334	T 30 R 20 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T214284	147599814	T 30 R 20 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.17	64.819	PRAIRIESKY ROYALTY LTD.
T214285	147677800	T 30 R 20 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	159.92	64.718	PRAIRIESKY ROYALTY LTD.
T214286	147661218	T 30 R 20 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T214289	147703833	T 30 R 20 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	159.14	64.402	PRAIRIESKY ROYALTY LTD.
T214290	147736187	T 30 R 20 W3M PTN NW 21 All Mines and Minerals Excluding All POTASH	100%	37.9	15.338	PRAIRIESKY ROYALTY LTD.
T225474	147785204	T 30 R 20 W3M PTN NW 21 All Mines and Minerals Excluding All POTASH	100%	9.91	4.01	PRAIRIESKY ROYALTY LTD.
T225475	147810405	T 30 R 20 W3M PTN NW 21 All Mines and Minerals Excluding All POTASH	100%	17.72	7.171	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214287	147706151	T 30 R 20 W3M PTN SE 21 (WATER EXCEPTION, ) All Mines and Minerals Excluding All POTASH	100%	157.48	63.73	PRAIRIESKY ROYALTY LTD.
T214288	147706780	T 30 R 20 W3M PTN SW 21 All Mines and Minerals Excluding All POTASH	100%	147.09	59.525	PRAIRIESKY ROYALTY LTD.
T225473	147803339	T 30 R 20 W3M PTN SW 21 All Mines and Minerals Excluding All POTASH	100%	0.15	0.061	PRAIRIESKY ROYALTY LTD.
T221664	147706791	T 30 R 20 W3M NE 31	100%	150.3	60.825	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T221665	147661746	T 30 R 20 W3M SE 31	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T214086	147651295	T 30 R 20 W3M SW 31	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T222264	147733634	T 31 R 20 W3M LSD 1 & 2 SEC 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLT	100%	74.21	30.032	PRAIRIESKY ROYALTY LTD.
		FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,
T222263	147716994	T 31 R 20 W3M LSD 11 & 12 SEC 3	100%	80.36	32.521	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T222262	147741273	T 31 R 20 W3M LSD 13 & 14 SEC 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLI FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.39	32.533	PRAIRIESKY ROYALTY LTD.
T214605	147716950	T 31 R 20 W3M LSD 15 & 16 SEC 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLI FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.37	32.525	PRAIRIESKY ROYALTY LTD.
T222266	147733566	T 31 R 20 W3M LSD 7 & 8 SEC 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	74.23	30.04	PRAIRIESKY ROYALTY LTD.
T222265	147714576	T 31 R 20 W3M LSD 9 & 10 SEC 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.35	32.517	PRAIRIESKY ROYALTY LTD.
T214604	147709097	T 31 R 20 W3M SW 3 All Mines and Minerals Excluding Mines and Minerals to Base JOLT FOU Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	148.58	60.128	PRAIRIESKY ROYALTY LTD.
T214607	147724140	T 31 R 20 W3M LSD 1 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.22	16.277	PRAIRIESKY ROYALTY LTD.
T214606	147716882	T 31 R 20 W3M LSD 11 & 12 SEC 13 Mines and Minerals Below Top MANNVILLE Excluding POTASH Below Top MANNVILLE TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL	100%	80.45	32.557	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222267	147715533	T 31 R 20 W3M LSD 13 & 14 SEC 13 All Mines and Minerals Excluding All POTASH	100%	80.44	32.553	PRAIRIESKY ROYALTY LTD.
T222268	147715612	T 31 R 20 W3M LSD 15 & 16 SEC 13 All Mines and Minerals Excluding All POTASH	100%	80.44	32.553	PRAIRIESKY ROYALTY LTD.
T222270	147735591	T 31 R 20 W3M LSD 2 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.21	16.272	PRAIRIESKY ROYALTY LTD.
T214608	147716804	T 31 R 20 W3M LSD 3 & 4 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.37	32.525	PRAIRIESKY ROYALTY LTD.
T222271	147724285	T 31 R 20 W3M LSD 5 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.17	16.256	PRAIRIESKY ROYALTY LTD.
T222272	147735838	T 31 R 20 W3M LSD 6 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.18	16.26	PRAIRIESKY ROYALTY LTD.
T222273	147715702	T 31 R 20 W3M LSD 7 & 8 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.42	32.545	PRAIRIESKY ROYALTY LTD.
T222269	147716792	T 31 R 20 W3M LSD 9 & 10 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.45	32.557	PRAIRIESKY ROYALTY LTD.
T214609	147603382	T 31 R 20 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T222275	147716129	T 31 R 20 W3M LSD 1 & 2 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.62	32.626	PRAIRIESKY ROYALTY LTD.
T222277	147739281	T 31 R 20 W3M LSD 10 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.31	16.313	PRAIRIESKY ROYALTY LTD.
T222278	147725185	T 31 R 20 W3M LSD 11 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.38	16.341	PRAIRIESKY ROYALTY LTD.
T222279	147725286	T 31 R 20 W3M LSD 12 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.37	16.337	PRAIRIESKY ROYALTY LTD.
T222280	147725208	T 31 R 20 W3M LSD 13 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.38	16.341	PRAIRIESKY ROYALTY LTD.
T222281	147725152	T 31 R 20 W3M LSD 14 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.39	16.345	PRAIRIESKY ROYALTY LTD.
T222282	147739056	T 31 R 20 W3M LSD 15 & 16 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.54	32.594	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222276	147717704	T 31 R 20 W3M LSD 3 & 4 SEC 19	100%	80.67	32.646	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T214611	147717265	T 31 R 20 W3M LSD 5 & 6 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.69	32.654	PRAIRIESKY ROYALTY LTD.
T214610	147739292	T 31 R 20 W3M LSD 7 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.3	16.309	PRAIRIESKY ROYALTY LTD.
T222274	147739326	T 31 R 20 W3M LSD 8 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.3	16.309	PRAIRIESKY ROYALTY LTD.
T214612	147738549	T 31 R 20 W3M LSD 9 SEC 19 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	40.26	16.293	PRAIRIESKY ROYALTY LTD.
T222284	147780928	T 31 R 20 W3M LSD 1 & 2 SEC 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.51	32.581	PRAIRIESKY ROYALTY LTD.
T222283	147715555	T 31 R 20 W3M LSD 3 & 4 SEC 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	80.44	32.553	PRAIRIESKY ROYALTY LTD.
T214613	147714925	T 31 R 20 W3M LSD 5 & 6 SEC 21 All Mines and Minerals Excluding All POTASH	100%	80.4	32.537	PRAIRIESKY ROYALTY LTD.
T222285	147780894	T 31 R 20 W3M LSD 7 & 8 SEC 21	100%	80.51	32.581	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T216361	147562353	T 31 R 20 W3M NE 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	161.1	65.195	PRAIRIESKY ROYALTY LTD.
T222286	147567404	T 31 R 20 W3M NW 21 Mines and Minerals Below Top MANNVILLE Excluding All POTASH TITLE EXCEPTS OUT ALL M&M LYING ABOVE THE ELEVATION OF 10 METRES BELOW MEAN SEA LEVEL,	100%	161.09	65.191	PRAIRIESKY ROYALTY LTD.
T216358	147640125	T 31 R 20 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T214614	147556132	T 31 R 20 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	161.21	65.24	PRAIRIESKY ROYALTY LTD.
T214615	147555995	T 31 R 20 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	161.18	65.228	PRAIRIESKY ROYALTY LTD.
T214616	147547176	T 31 R 20 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	161.05	65.175	PRAIRIESKY ROYALTY LTD.
T214617	147555287	T 31 R 20 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	161.19	65.232	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214199	147604417	T 32 R 20 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T214200	147599454	T 32 R 20 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214201	147682693	T 32 R 20 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214202	147602033	T 32 R 20 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.14	64.807	PRAIRIESKY ROYALTY LTD.
T214203	147599151	T 32 R 20 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214204	147642037	T 32 R 20 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.63	65.005	PRAIRIESKY ROYALTY LTD.
T214205	147672670	T 32 R 20 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T214206	147646536	T 32 R 20 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T214207	147647908	T 32 R 20 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T214208	147567831	T 32 R 20 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.87	65.102	PRAIRIESKY ROYALTY LTD.
T214209	147568528	T 32 R 20 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.66	65.017	PRAIRIESKY ROYALTY LTD.
T214210	147567662	T 32 R 20 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T214211	147573760	T 32 R 20 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.84	65.09	PRAIRIESKY ROYALTY LTD.
T214212	147572950	T 32 R 20 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214213	147546715	T 32 R 20 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	161.02	65.163	PRAIRIESKY ROYALTY LTD.
T214214	147609995	T 32 R 20 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.01	64.754	PRAIRIESKY ROYALTY LTD.
T214215	147669643	T 32 R 20 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214216	147675516	T 32 R 20 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T214217	147662927	T 32 R 20 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T214218	147646738	T 32 R 20 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T214219	147642475	T 32 R 20 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.65	65.013	PRAIRIESKY ROYALTY LTD.
T214220	147646749	T 32 R 20 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T214221	147642745	T 32 R 20 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214222	147595809	T 32 R 20 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel
----------------------------------------------------------------------------------------------------------------------------

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214223	147643128	T 32 R 20 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214224	147659945	T 32 R 20 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214225	147609096	T 32 R 20 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T214226	147677484	T 32 R 20 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	159.89	64.705	PRAIRIESKY ROYALTY LTD.
T214227	147684662	T 32 R 20 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.
T214228	147662501	T 32 R 20 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T214229	147671051	T 32 R 20 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T214230	147642633	T 32 R 20 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T214231	147556097	T 32 R 20 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	161.21	65.24	PRAIRIESKY ROYALTY LTD.
T214232	147650452	T 32 R 20 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T214233	147546669	T 32 R 20 W3M SW 23 All Mines and Minerals Excluding All POTASH	100%	161.03	65.167	PRAIRIESKY ROYALTY LTD.
T214234	147659901	T 32 R 20 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214235	147599465	T 32 R 20 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214236	147597878	T 32 R 20 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.18	64.822	PRAIRIESKY ROYALTY LTD.
T214237	147600749	T 32 R 20 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T214238	147549134	T 32 R 20 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.98	65.147	PRAIRIESKY ROYALTY LTD.
T214239	147646480	T 32 R 20 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T214240	147603506	T 32 R 20 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.64	65.009	PRAIRIESKY ROYALTY LTD.
T214241	147639033	T 32 R 20 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.72	65.041	PRAIRIESKY ROYALTY LTD.
T214242	147669687	T 32 R 20 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T214243	147670421	T 32 R 20 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.2	64.831	PRAIRIESKY ROYALTY LTD.
T214244	147671040	T 32 R 20 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T214245	147665470	T 32 R 20 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T214247	147596259	T 32 R 20 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214246	147811013	T 32 R 20 W3M PTN NW 35 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	6.28	2.541	PRAIRIESKY ROYALTY LTD.
T214248	147707220	T 32 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	118.11	47.798	PRAIRIESKY ROYALTY LTD.
T225391	147736356	T 32 R 20 W3M PTN NW 35 All Mines and Minerals Excluding All POTASH	100%	36.21	14.654	PRAIRIESKY ROYALTY LTD.
T214249	147595786	T 32 R 20 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214250	147651341	T 32 R 20 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T213959	147675594	T 28 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T213960	147704474	T 28 R 21 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.82	64.677	PRAIRIESKY ROYALTY LTD.
T213965	147549617	T 28 R 21 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	161.33	65.288	PRAIRIESKY ROYALTY LTD.
T213966	147547288	T 28 R 21 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	161.04	65.171	PRAIRIESKY ROYALTY LTD.
T213967	147659776	T 28 R 21 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T213968	147676449	T 28 R 21 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T213969	147568090	T 28 R 21 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.86	65.098	PRAIRIESKY ROYALTY LTD.
T213970	147649607	T 28 R 21 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T213971	147695631	T 28 R 21 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	159.36	64.491	PRAIRIESKY ROYALTY LTD.
T213972	147697150	T 28 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	159.1	64.386	PRAIRIESKY ROYALTY LTD.
T213973	147671994	T 28 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T213974	147601559	T 28 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.05	64.77	PRAIRIESKY ROYALTY LTD.
T213975	147604428	T 28 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T213976	147664952	T 28 R 21 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T213977	147564580	T 28 R 21 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.89	65.11	PRAIRIESKY ROYALTY LTD.
T213978	147669373	T 28 R 21 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T213702	147695495	T 29 R 21 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.28	64.459	PRAIRIESKY ROYALTY LTD.
T221813	147694966	T 29 R 21 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.35	64.487	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221811	147704485	T 29 R 21 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.82	64.677	PRAIRIESKY ROYALTY LTD.
T221812	147681490	T 29 R 21 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	159.88	64.701	PRAIRIESKY ROYALTY LTD.
T213703	147656919	T 29 R 21 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T221816	147645445	T 29 R 21 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.57	64.981	PRAIRIESKY ROYALTY LTD.
T221815	147644501	T 29 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T221814	147549796	T 29 R 21 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.97	65.143	PRAIRIESKY ROYALTY LTD.
T213704	147691176	T 29 R 21 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	159.81	64.673	PRAIRIESKY ROYALTY LTD.
T221059	147698825	T 29 R 21 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	159.49	64.544	PRAIRIESKY ROYALTY LTD.
T221060	147544353	T 29 R 21 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	162.21	65.644	PRAIRIESKY ROYALTY LTD.
T221061	147544454	T 29 R 21 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	162.65	65.822	PRAIRIESKY ROYALTY LTD.
T221064	147643296	T 29 R 21 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T213705	147648134	T 29 R 21 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T221066	147568438	T 29 R 21 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T221065	147547424	T 29 R 21 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	161.03	65.167	PRAIRIESKY ROYALTY LTD.
T216415	147751780	T 29 R 21 W3M PTN LSD 9 & 10 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	6.01	2.432	PRAIRIESKY ROYALTY LTD.
T221067	147630832	T 29 R 21 W3M PTN LSD 9 & 10 SEC 9 All Mines and Minerals Excluding All POTASH	100%	7.39	2.991	PRAIRIESKY ROYALTY LTD.
T213706	147710202	T 29 R 21 W3M PTN NE 9 All Mines and Minerals Excluding All POTASH	100%	146.18	59.157	PRAIRIESKY ROYALTY LTD.
T221068	147760049	T 29 R 21 W3M PTN LSD 9 & 10 SEC 9 All Mines and Minerals Excluding All POTASH PLAN BE3751	100%	1.278	0.517	PRAIRIESKY ROYALTY LTD.
T219172	147770602	T 29 R 21 W3M PTN LSD 5, 6 SEC 9 All Mines and Minerals Excluding All POTASH	100%	4.732	1.915	PRAIRIESKY ROYALTY LTD.
T213707	147600345	PLAN BE3751 T 29 R 21 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.33	64.884	PRAIRIESKY ROYALTY LTD.
T221819	147671859	T 29 R 21 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T221820	147660060	T 29 R 21 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T221821	147671769	T 29 R 21 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213708	147568236	T 29 R 21 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T221824	147563466	T 29 R 21 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T221822	147567471	T 29 R 21 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.89	65.11	PRAIRIESKY ROYALTY LTD.
T221823	147549088	T 29 R 21 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T213709	147696407	T 29 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.19	64.422	PRAIRIESKY ROYALTY LTD.
T213710	147676450	T 29 R 21 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T221825	147673985	T 29 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	159.96	64.734	PRAIRIESKY ROYALTY LTD.
T221826	147675831	T 29 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	159.92	64.718	PRAIRIESKY ROYALTY LTD.
T221827	147673356	T 29 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T213711	147675369	T 29 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T214292	147662769	T 30 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T214293	147662602	T 30 R 21 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.121	64.799	PRAIRIESKY ROYALTY LTD.
T214294	147671882	T 30 R 21 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.08	64.782	PRAIRIESKY ROYALTY LTD.
T214295	147660408	T 30 R 21 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T214296	147658113	T 30 R 21 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T214297	147694427	T 30 R 21 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.47	64.536	PRAIRIESKY ROYALTY LTD.
T214298	147698836	T 30 R 21 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	159.57	64.576	PRAIRIESKY ROYALTY LTD.
T214299	147686710	T 30 R 21 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	159.62	64.596	PRAIRIESKY ROYALTY LTD.
T214300	147678250	T 30 R 21 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	159.88	64.701	PRAIRIESKY ROYALTY LTD.
T214301	147670498	T 30 R 21 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T214302	147669711	T 30 R 21 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T214303	147671691	T 30 R 21 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.229	64.843	PRAIRIESKY ROYALTY LTD.
T214304	147669520	T 30 R 21 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214305	147658056	T 30 R 21 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214306	147599184	T 30 R 21 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
T214307	147659529	T 30 R 21 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T214308	147659361	T 30 R 21 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T214618	147733500	T 31 R 21 W3M LSD 3 & 4 SEC 5 All Mines and Minerals Excluding All POTASH	100%	74.58	30.182	PRAIRIESKY ROYALTY LTD.
T221762	147733498	T 31 R 21 W3M LSD 5 & 6 SEC 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	74.63	30.202	PRAIRIESKY ROYALTY LTD.
T214351	147643869	T 31 R 21 W3M NE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T214353	147569877	T 31 R 21 W3M NW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214352	147708153	T 31 R 21 W3M SE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.15	60.359	PRAIRIESKY ROYALTY LTD.
T214355	147715892	T 31 R 21 W3M LSD 1 & 2 SEC 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.54	32.594	PRAIRIESKY ROYALTY LTD.
T225476	147715421	T 31 R 21 W3M LSD 7 & 8 SEC 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.49	32.573	PRAIRIESKY ROYALTY LTD.
T214354	147569169	T 31 R 21 W3M NE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T214356	147563310	T 31 R 21 W3M SW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.
T214357	147569215	T 31 R 21 W3M NE 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T214358	147572804	T 31 R 21 W3M NW 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214359	147570150	T 31 R 21 W3M SE 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T214360	147564401	T 31 R 21 W3M SW 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.9	65.114	PRAIRIESKY ROYALTY LTD.
T214361	147640833	T 31 R 21 W3M NE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T214362	147638874	T 31 R 21 W3M NW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T214363	147650070	T 31 R 21 W3M SE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.52	64.96	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214364	147639325	T 31 R 21 W3M SW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.71	65.037	PRAIRIESKY ROYALTY LTD.
T214367	147715836	T 31 R 21 W3M LSD 15 & 16 SEC 17 All Mines and Minerals Excluding All POTASH	100%	80.591	32.614	PRAIRIESKY ROYALTY LTD.
T214365	147717568	T 31 R 21 W3M LSD 9 & 10 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.68	32.65	PRAIRIESKY ROYALTY LTD.
T214366	147555041	T 31 R 21 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.201	65.236	PRAIRIESKY ROYALTY LTD.
T214369	147544195	T 31 R 21 W3M SE 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.61	65.402	PRAIRIESKY ROYALTY LTD.
T214368	147545534	T 31 R 21 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.55	65.377	PRAIRIESKY ROYALTY LTD.
T216603	147738998	T 31 R 21 W3M LSD 1 & 2 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.55	32.598	PRAIRIESKY ROYALTY LTD.
T216607	147717490	T 31 R 21 W3M LSD 15 & 16 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.68	32.65	PRAIRIESKY ROYALTY LTD.
T216608	147738987	T 31 R 21 W3M LSD 3 & 4 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.55	32.598	PRAIRIESKY ROYALTY LTD.
T216604	147715993	T 31 R 21 W3M LSD 5 & 6 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.58	32.61	PRAIRIESKY ROYALTY LTD.
T216605	147716039	T 31 R 21 W3M LSD 7 & 8 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.58	32.61	PRAIRIESKY ROYALTY LTD.
T216609	147716152	T 31 R 21 W3M LSD 9 & 10 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.65	32.638	PRAIRIESKY ROYALTY LTD.
T216606	147549561	T 31 R 21 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	161.35	65.296	PRAIRIESKY ROYALTY LTD.
T222232	147549662	T 31 R 21 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	161.38	65.308	PRAIRIESKY ROYALTY LTD.
T222233	147563040	T 31 R 21 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	161.131	65.208	PRAIRIESKY ROYALTY LTD.
T214371	147554657	T 31 R 21 W3M SE 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.23	65.248	PRAIRIESKY ROYALTY LTD.
T222234	147549112	T 31 R 21 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.98	65.147	PRAIRIESKY ROYALTY LTD.
T222230	147715296	T 31 R 21 W3M LSD 1 & 2 SEC 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.46	32.561	PRAIRIESKY ROYALTY LTD.
T222229	147715869	T 31 R 21 W3M LSD 7 & 8 SEC 23 All Mines and Minerals Excluding All POTASH	100%	80.5	32.578	PRAIRIESKY ROYALTY LTD.
T214370	147555423	T 31 R 21 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T214372	147563703	T 31 R 21 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222231	147647111	T 31 R 21 W3M SW 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T214373	147563231	T 31 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.
T214374	147568292	T 31 R 21 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T214375	147563073	T 31 R 21 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.94	65.13	PRAIRIESKY ROYALTY LTD.
T214376	147564759	T 31 R 21 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.91	65.118	PRAIRIESKY ROYALTY LTD.
T214377	147565851	T 31 R 21 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.938	65.13	PRAIRIESKY ROYALTY LTD.
T214378	147547312	T 31 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	161.04	65.171	PRAIRIESKY ROYALTY LTD.
T214379	147544724	T 31 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	161.06	65.179	PRAIRIESKY ROYALTY LTD.
T214380	147550833	T 31 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	161.3	65.276	PRAIRIESKY ROYALTY LTD.
T214381	147652870	T 31 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T214382	147650216	TITI F clIR1ECT Tn OFRENTI IR F T 31 R 21 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.509	64.956	PRAIRIESKY ROYALTY LTD.
T214383	147644680	T 31 R 21 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T214384	147652814	T 31 R 21 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.479	64.944	PRAIRIESKY ROYALTY LTD.
T214251	147596440	T 32 R 21 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T214252	147660307	T 32 R 21 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T214253	147646075	T 32 R 21 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.75	65.054	PRAIRIESKY ROYALTY LTD.
T214254	147555456	T 32 R 21 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T214255	147658696	T 32 R 21 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T214256	147639459	T 32 R 21 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.71	65.037	PRAIRIESKY ROYALTY LTD.
T214257	147553106	T 32 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	161.26	65.26	PRAIRIESKY ROYALTY LTD.
T214258	147647403	T 32 R 21 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.82	65.082	PRAIRIESKY ROYALTY LTD.
T209718	147597991	T 32 R 21 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T219647	147660228	T 32 R 21 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T219648	147546872	T 32 R 21 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	161.43	65.329	PRAIRIESKY ROYALTY LTD.
T219649	147545556	T 32 R 21 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	161.55	65.377	PRAIRIESKY ROYALTY LTD.
T216027	147599487	T 32 R 21 W3M NE 7	100%	160.34	64.888	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T221876	147656863	T 32 R 21 W3M NW 7	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T221878	147641913	All Mines and Minerals Excluding P&NG to Base VIKING ZONE EvrIl idinn All PnTAcl-I T 32 R 21 W3M SE 7	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T221877	147642127	T 32 R 21 W3M SW 7	100%	160.63	65.005	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T209796	147654119	T 32 R 21 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T219654	147641968	T 32 R 21 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
T219657	147648785	T 32 R 21 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T219658	147650496	T 32 R 21 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T209966	147601199	T 32 R 21 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T219660	147597542	T 32 R 21 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T219661	147675448	T 32 R 21 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.97	64.738	PRAIRIESKY ROYALTY LTD.
T219662	147672962	T 32 R 21 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.98	64.742	PRAIRIESKY ROYALTY LTD.
T213226	147660947	T 32 R 21 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.23	64.843	PRAIRIESKY ROYALTY LTD.
T219844	147597654	T 32 R 21 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.38	64.904	PRAIRIESKY ROYALTY LTD.
T219845	147659204	T 32 R 21 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T219846	147595304	T 32 R 21 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T213173	147640967	T 32 R 21 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T219847	147658517	T 32 R 21 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T219848	147563220	T 32 R 21 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.93	65.126	PRAIRIESKY ROYALTY LTD.
T219849	147660554	T 32 R 21 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T216610	147663186	T 32 R 21 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.4	64.912	PRAIRIESKY ROYALTY LTD.
T216611	147670230	T 32 R 21 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.21	64.835	PRAIRIESKY ROYALTY LTD.
T216612	147660600	T 32 R 21 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T216613	147660509	T 32 R 21 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214080	147653028	T 32 R 21 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T214081	147657055	T 32 R 21 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T214082	147653668	T 32 R 21 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T214083	147659327	T 32 R 21 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.42	64.92	PRAIRIESKY ROYALTY LTD.
T215997	147648112	T 32 R 21 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T215998	147651228	T 32 R 21 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T215999	147653624	T 32 R 21 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
T216000	147656458	T 32 R 21 W3M SW 23 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T216001	147682806	T 32 R 21 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T216002	147675279	T 32 R 21 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T216003	147679037	T 32 R 21 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.87	64.697	PRAIRIESKY ROYALTY LTD.
T216004	147673367	T 32 R 21 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	159.96	64.734	PRAIRIESKY ROYALTY LTD.
T216005	147661948	T 32 R 21 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.2	64.831	PRAIRIESKY ROYALTY LTD.
T216006	147665111	T 32 R 21 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T216007	147671017	T 32 R 21 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T216008	147683188	T 32 R 21 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	159.81	64.673	PRAIRIESKY ROYALTY LTD.
T216009	147639415	T 32 R 21 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.71	65.037	PRAIRIESKY ROYALTY LTD.
T216010	147597474	T 32 R 21 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T216011	147572770	T 32 R 21 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T216012	147646705	T 32 R 21 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213785	147596237	T 32 R 21 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T213786	147601087	T 32 R 21 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T213787	147658786	T 32 R 21 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.33	64.884	PRAIRIESKY ROYALTY LTD.
T213788	147597553	T 32 R 21 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.36	64.896	PRAIRIESKY ROYALTY LTD.
T213789	147661645	T 32 R 21 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T213790	147653657	T 32 R 21 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T213791	147598374	T 32 R 21 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.35	64.892	PRAIRIESKY ROYALTY LTD.
T215058	147682121	T 33 R 21 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T215059	147684235	T 33 R 21 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.77	64.657	PRAIRIESKY ROYALTY LTD.
T215060	147704351	T 33 R 21 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	158.87	64.293	PRAIRIESKY ROYALTY LTD.
T215061	147643577	T 33 R 21 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T215062	147641889	T 33 R 21 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.44	64.928	PRAIRIESKY ROYALTY LTD.
T215063	147573052	T 33 R 21 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.84	65.09	PRAIRIESKY ROYALTY LTD.
T215064	147548986	T 33 R 21 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	161.93	65.531	PRAIRIESKY ROYALTY LTD.
T215065	147545624	T 33 R 21 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	162.25	65.66	PRAIRIESKY ROYALTY LTD.
T228291	147492412	T 33 R 21 W3M PTN SE 9 All Mines and Minerals	100%	6.25	2.529	Heritage Royalty Resource Corp.
T228294	154991863	T 33 R 21 W3M PTN SE 9 All Mines and Minerals	100%	6.24	2.525	Heritage Royalty Resource Corp.
T228295	154991896	T 33 R 21 W3M PTN SE 9 All Mines and Minerals	100%	12.48	5.051	Heritage Royalty Resource Corp.
T228288	147492434	T 33 R 21 W3M PTN LSD 5 & 6 SEC 9 (RAILWAY R/W) All Mines and Minerals	100%	6.25	2.529	Heritage Royalty Resource Corp.
T215066	147695439	T 33 R 21 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	159.45	64.527	PRAIRIESKY ROYALTY LTD.
T215067	147703844	T 33 R 21 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.14	64.402	PRAIRIESKY ROYALTY LTD.
T215068	147694922	T 33 R 21 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.35	64.487	PRAIRIESKY ROYALTY LTD.
T215069	147698241	T 33 R 21 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.04	64.362	PRAIRIESKY ROYALTY LTD.
T215070	147693011	T 33 R 21 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	159.7	64.629	PRAIRIESKY ROYALTY LTD.
T215071	147667988	T 33 R 21 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	159.87	64.697	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel
----------------------------------------------------------------------------------------------------------------------------	--	--	--

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T215072	147694719	T 33 R 21 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	159.69	64.625	PRAIRIESKY ROYALTY LTD.
T215073	147678867	T 33 R 21 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	159.87	64.697	PRAIRIESKY ROYALTY LTD.
T213996	147677361	T 28 R 22 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	159.89	64.705	PRAIRIESKY ROYALTY LTD.
T213997	147660442	T 28 R 22 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T213998	147661162	T 28 R 22 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T213999	147641249	T 28 R 22 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T214000	147640776	T 28 R 22 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T214001	147595595	T 28 R 22 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214002	147661825	T 28 R 22 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T214003	147650193	T 28 R 22 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T214004	147650430	T 28 R 22 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.51	64.956	PRAIRIESKY ROYALTY LTD.
T214005	147599599	T 28 R 22 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214006	147643487	T 28 R 22 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214007	147656346	T 28 R 22 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T214008	147691503	T 28 R 22 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	159.76	64.653	PRAIRIESKY ROYALTY LTD.
T214009	147642532	T 28 R 22 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.64	65.009	PRAIRIESKY ROYALTY LTD.
T214010	147599948	T 28 R 22 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T221069	147662556	T 29 R 22 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.12	64.799	PRAIRIESKY ROYALTY LTD.
T213712	147682132	T 29 R 22 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T221079	147657088	T 29 R 22 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.41	64.916	PRAIRIESKY ROYALTY LTD.
T221074	147555399	T 29 R 22 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T213713	147640495	T 29 R 22 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T219135	147776068	T 29 R 22 W3M PTN LSD 16 SEC 7 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	1.08	0.437	PRAIRIESKY ROYALTY LTD.

^*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T219136	147770286	T 29 R 22 W3M PTN LSD 11 & 12 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	5.01	2.027	PRAIRIESKY ROYALTY LTD.
T219138	147767248	T 29 R 22 W3M PTN LSD 6 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	1.55	0.627	PRAIRIESKY ROYALTY LTD.
T219137	147785844	T 29 R 22 W3M PTN LSD 7 & 8 SEC 9 (RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	9.44	3.82	PRAIRIESKY ROYALTY LTD.
T213714	147695608	T 29 R 22 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	159.48	64.54	PRAIRIESKY ROYALTY LTD.
T221829	147694887	T 29 R 22 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	159.35	64.487	PRAIRIESKY ROYALTY LTD.
T221828	147682615	T 29 R 22 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T221830	147694270	T 29 R 22 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	159.7	64.628	PRAIRIESKY ROYALTY LTD.
T213715	147667652	T 29 R 22 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T221832	147601425	T 29 R 22 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T221833	147664187	T 29 R 22 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T221831	147670386	T 29 R 22 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T213716	147572758	T 29 R 22 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T221834	147667685	T 29 R 22 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	159.99	64.746	PRAIRIESKY ROYALTY LTD.
T221835	147653455	T 29 R 22 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T221836	147670959	T 29 R 22 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T213717	147573580	T 29 R 22 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T221837	147595696	T 29 R 22 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T221839	147656795	T 29 R 22 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T221840	147659653	T 29 R 22 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T213718	147662040	T 29 R 22 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.2	64.831	PRAIRIESKY ROYALTY LTD.
T221842	147651071	T 29 R 22 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T221841	147671905	T 29 R 22 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T221838	147663805	T 29 R 22 W3M SW 23 All Mines and Minerals Excluding All POTASH	100%	160.08	64.782	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213719	147684066	T 29 R 22 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.
T221846	147675347	T 29 R 22 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T221847	147673963	T 29 R 22 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T221849	147605733	T 29 R 22 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.02	64.758	PRAIRIESKY ROYALTY LTD.
T216338	147728560	T 29 R 22 W3M LSD 12 & 13 SEC 35 All Mines and Minerals Excluding All POTASH	100%	80.03	32.387	PRAIRIESKY ROYALTY LTD.
T216339	147755773	T 29 R 22 W3M LSD 4 & 5 SEC 35 All Mines and Minerals Excluding All POTASH	100%	79.98	32.367	PRAIRIESKY ROYALTY LTD.
T216340	147683593	T 29 R 22 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	159.78	64.661	PRAIRIESKY ROYALTY LTD.
T216341	147673121	T 29 R 22 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214309	147694494	T 30 R 22 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	159.43	64.519	PRAIRIESKY ROYALTY LTD.
T214310	147695316	T 30 R 22 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.29	64.463	PRAIRIESKY ROYALTY LTD.
T214311	147672221	T 30 R 22 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160	64.75	PRAIRIESKY ROYALTY LTD.
T214312	147699488	T 30 R 22 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	159.56	64.572	PRAIRIESKY ROYALTY LTD.
T214313	147684549	T 30 R 22 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	159.73	64.641	PRAIRIESKY ROYALTY LTD.
T214314	147660802	T 30 R 22 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214315	147608961	T 30 R 22 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T214316	147660699	T 30 R 22 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T214317	147653163	T 30 R 22 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T214318	147659912	T 30 R 22 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T214319 T216302	147652780 147834636	T 30 R 22 W3M SW 5 All Mines and Minerals Excluding All POTASH T 30 R 22 W3M LSD 15 & 16 SEC 35	100% 100%	160.48 74.4	64.944 30.109	PRAIRIESKY ROYALTY LTD. PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T214320	147677316	T 30 R 22 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.89	64.706	PRAIRIESKY ROYALTY LTD.
T214321	147671983	T 30 R 22 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.07	64.778	PRAIRIESKY ROYALTY LTD.
T214322	147704441	T 30 R 22 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	159.82	64.678	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214323	147665391	T 30 R 22 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160	64.75	PRAIRIESKY ROYALTY LTD.
T222243	147755469	T 30 R 22 W3M LSD 11 & 12 SEC 17 All Mines and Minerals Excluding All POTASH	100%	79.98	32.367	PRAIRIESKY ROYALTY LTD.
T222245	147848046	T 30 R 22 W3M LSD 13 & 14 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	79.99	32.371	PRAIRIESKY ROYALTY LTD.
T222246	147848035	T 30 R 22 W3M LSD 15 & 16 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	80.02	32.383	PRAIRIESKY ROYALTY LTD.
T222244	147728852	T 30 R 22 W3M LSD 9 & 10 SEC 17 All Mines and Minerals Excluding All POTASH	100%	80.01	32.379	PRAIRIESKY ROYALTY LTD.
T213784	147676494	T 30 R 22 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	159.94	64.726	PRAIRIESKY ROYALTY LTD.
T222242	147676124	T 30 R 22 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T216304	147732161	T 30 R 22 W3M LSD 7 & 8 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	79.74	32.27	PRAIRIESKY ROYALTY LTD.
T221761	147848057	T 30 R 22 W3M LSD 11 & 12 SEC 21 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	80.1	32.415	PRAIRIESKY ROYALTY LTD.
T221760	147713148	T 30 R 22 W3M LSD 13 & 14 SEC 21 All Mines and Minerals Excluding All POTASH	100%	80.09	32.411	PRAIRIESKY ROYALTY LTD.
T221757	147659530	T 30 R 22 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T214501	147661331	T 30 R 22 W3M SE 21 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T221755	147670184	T 30 R 22 W3M SW 21 All Mines and Minerals Excluding P&NG to Base VIKING SAND Excluding All POTASH	100%	160.21	64.835	PRAIRIESKY ROYALTY LTD.
T216733	147683548	T 30 R 22 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	159.79	64.665	PRAIRIESKY ROYALTY LTD.
T216734	147698791	T 30 R 22 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	159.49	64.544	PRAIRIESKY ROYALTY LTD.
T216418	147707714	T 30 R 22 W3M LSD 11, 12 & 14 SEC 31 All Mines and Minerals Excludina All POTASH	100%	110.62	44.767	PRAIRIESKY ROYALTY LTD.
T216417	147736323	T 30 R 22 W3M LSD 13 SEC 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	36.82	14.901	PRAIRIESKY ROYALTY LTD.
T216419	147691941	T 30 R 22 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	159.72	64.637	PRAIRIESKY ROYALTY LTD.
T216303	147733487	T 30 R 22 W3M LSD 13 & 14 SEC 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE	100%	74.71	30.234	PRAIRIESKY ROYALTY LTD.
T214385	147548773	F.-RR-firm All POTASH T 31 R 22 W3M NE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.99	65.151	PRAIRIESKY ROYALTY LTD.
T222235	147563893	T 31 R 22 W3M NW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222236	147706588	T 31 R 22 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.3	60.42	PRAIRIESKY ROYALTY LTD.
T222237	147708186	T 31 R 22 W3M SW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.12	60.347	PRAIRIESKY ROYALTY LTD.
T214386	147640664	T 31 R 22 W3M NE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T222238	147644051	T 31 R 22 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T222239	147709154	T 31 R 22 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	148.48	60.088	PRAIRIESKY ROYALTY LTD.
T214387	147550248	T 31 R 22 W3M NE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.33	65.288	PRAIRIESKY ROYALTY LTD.
T222222	147547356	T 31 R 22 W3M NW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.04	65.171	PRAIRIESKY ROYALTY LTD.
T214388	147547187	T 31 R 22 W3M NE 9 All Mines and Minerals Excluding All POTASH TITLE IS SUBJECT TO A CNRL BENEFICIAL INTEREST, SEE TRUST REMAKS	100%	161.05	65.175	PRAIRIESKY ROYALTY LTD.
T222240	147563422	T 31 R 22 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T222241	147561846	T 31 R 22 W3M SE 9 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.12	65.203	PRAIRIESKY ROYALTY LTD.
T214389	147648695	T 31 R 22 W3M NE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T222223	147646761	T 31 R 22 W3M NW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T222224	147563983	T 31 R 22 W3M SE 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T222225	147566212	T 31 R 22 W3M SW 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T214390	147567774	T 31 R 22 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.871	65.103	PRAIRIESKY ROYALTY LTD.
T214391	147573209	T 31 R 22 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T214392	147550237	T 31 R 22 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	161.331	65.288	PRAIRIESKY ROYALTY LTD.
T222248	147739359	T 31 R 22 W3M LSD 10 SEC 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.28	16.301	PRAIRIESKY ROYALTY LTD.
T222247	147707613	T 31 R 22 W3M LSD 9, 15 & 16 SEC 17 All Mines and Minerals Excluding All POTASH	100%	120.86	48.911	PRAIRIESKY ROYALTY LTD.
T214393	147561958	T 31 R 22 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	161.14	65.211	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222207	147563152	T 31 R 22 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	161.1	65.195	PRAIRIESKY ROYALTY LTD.
T222249	147567392	T 31 R 22 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.09	65.191	PRAIRIESKY ROYALTY LTD.
T222256	147707466	T 31 R 22 W3M LSD 1, 7 & 8 SEC 19 All Mines and Minerals Excluding All POTASH	100%	120.54	48.781	PRAIRIESKY ROYALTY LTD.
T222257	147722407	T 31 R 22 W3M LSD 15 & 16 SEC 19 All Mines and Minerals Excluding All POTASH	100%	80.299	32.496	PRAIRIESKY ROYALTY LTD.
T222254	147724296	T 31 R 22 W3M LSD 2 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.17	16.256	PRAIRIESKY ROYALTY LTD.
T222255	147806680	T 31 R 22 W3M LSD 9 & 10 SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.32	32.505	PRAIRIESKY ROYALTY LTD.
T214394	147639695	T 31 R 22 W3M NW 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.699	65.033	PRAIRIESKY ROYALTY LTD.
T222253	147640259	T 31 R 22 W3M SW 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T214395	147545006	T 31 R 22 W3M SE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.07	65.183	PRAIRIESKY ROYALTY LTD.
T222258	147555388	T 31 R 22 W3M SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.17	65.223	PRAIRIESKY ROYALTY LTD.
T216024	147640798	T 32 R 22 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T216067	147644972	T 32 R 22 W3M SE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T221818	147645096	T 32 R 22 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.55	64.973	PRAIRIESKY ROYALTY LTD.
T215078	147667023	T 33 R 22 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T215079	147610830	T 33 R 22 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.11	64.795	PRAIRIESKY ROYALTY LTD.
T215080	147675549	T 33 R 22 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	159.97	64.738	PRAIRIESKY ROYALTY LTD.
T215081	147674188	T 33 R 22 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	159.95	64.73	PRAIRIESKY ROYALTY LTD.
T215082	147672805	T 33 R 22 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	159.98	64.742	PRAIRIESKY ROYALTY LTD.
T215083	147662882	T 33 R 22 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T215084	147676045	T 33 R 22 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	159.91	64.714	PRAIRIESKY ROYALTY LTD.
T215085	147661432	T 33 R 22 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T215086	147602954	T 33 R 22 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.14	64.807	PRAIRIESKY ROYALTY LTD.
T215087	147671129	T 33 R 22 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.1	64.791	PRAIRIESKY ROYALTY LTD.
T215088	147653769	T 33 R 22 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T215089	147644275	T 33 R 22 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T215090	147598745	T 33 R 22 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.55	64.973	PRAIRIESKY ROYALTY LTD.
T215091	147640473	T 33 R 22 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T215092	147662859	T 33 R 22 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.4	64.912	PRAIRIESKY ROYALTY LTD.
T215093	147601874	T 33 R 22 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T215094	147597890	T 33 R 22 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215095	147672951	T 33 R 22 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.06	64.775	PRAIRIESKY ROYALTY LTD.
T215098	147644163	T 33 R 22 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.57	64.981	PRAIRIESKY ROYALTY LTD.
T215099	147600615	T 33 R 22 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T215096	147667034	T 33 R 22 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T215097	147597193	T 33 R 22 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215100	147604394	T 33 R 22 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.13	64.803	PRAIRIESKY ROYALTY LTD.
T215101	147673019	T 33 R 22 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T215102	147604383	T 33 R 22 W3M SE 15 All Mines and Minerals Excluding All POTASH T 33 R 22 W3M SW 15	100%	160.13	64.802	PRAIRIESKY ROYALTY LTD.
T215103 T215104	147664198 147671860	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M NE 17	100% 100%	160.07 160.08	64.778 64.782	PRAIRIESKY ROYALTY LTD. PRAIRIESKY ROYALTY LTD.
T215105	147597317	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M NW 17	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T215106	147662567	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M SE 17	100%	160.12	64.798	PRAIRIESKY ROYALTY LTD.
T215107	147597272	All Mines and Minerals Excluding All POTASH T 33 R 22 W3M SW 17	100%	160.18	64.822	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding All POTASH T 29 R 23 W3M PTN LSD 1 & 2 SEC 13
T219139	147770321	(RAILWAY R/W) All Mines and Minerals Excluding All POTASH	100%	5	2.023	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221856	147602000	T 29 R 23 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T221855	147702797	T 29 R 23 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	159.44	64.523	PRAIRIESKY ROYALTY LTD.
T214324	147659619	T 30 R 23 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T214325	147598981	T 30 R 23 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.17	64.819	PRAIRIESKY ROYALTY LTD.
T214326	147659608	T 30 R 23 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T214327	147640822	T 30 R 23 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T214328	147545152	T 30 R 23 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	161.52	65.365	PRAIRIESKY ROYALTY LTD.
T214329	147691862	T 30 R 23 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	159.73	64.641	PRAIRIESKY ROYALTY LTD.
T222091	147683447	T 30 R 23 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	159.79	64.665	PRAIRIESKY ROYALTY LTD.
T213783	147703394	T 30 R 23 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T222093	147595832	T 30 R 23 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T214330	147691659	T 30 R 23 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	159.77	64.657	PRAIRIESKY ROYALTY LTD.
T214331	147691749	T 30 R 23 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	159.75	64.649	PRAIRIESKY ROYALTY LTD.
T214332	147679554	T 30 R 23 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	159.85	64.689	PRAIRIESKY ROYALTY LTD.
T214333	147681973	T 30 R 23 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214334	147692672	T 30 R 23 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	159.68	64.621	PRAIRIESKY ROYALTY LTD.
T214335	147699398	T 30 R 23 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	159.57	64.576	PRAIRIESKY ROYALTY LTD.
T214336	147704340	T 30 R 23 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	159.82	64.677	PRAIRIESKY ROYALTY LTD.
T214337	147696553	T 30 R 23 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	159.19	64.422	PRAIRIESKY ROYALTY LTD.
T222260	147599993	T 30 R 23 W3M NE 13 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T222261	147659428	T 30 R 23 W3M NW 13 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	160.41	64.916	PRAIRIESKY ROYALTY LTD.
T214500	147602572	T 30 R 23 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T222259	147659934	T 30 R 23 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.

*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T214338	147651037	T 30 R 23 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.5	64.952	PRAIRIESKY ROYALTY LTD.
T214339	147654186	T 30 R 23 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T214340	147695563	T 30 R 23 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	159.48	64.54	PRAIRIESKY ROYALTY LTD.
T214341	147695811	T 30 R 23 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	159.251	64.447	PRAIRIESKY ROYALTY LTD.
T214342	147695406	T 30 R 23 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	159.51	64.552	PRAIRIESKY ROYALTY LTD.
T214343	147696250	T 30 R 23 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	159.27	64.455	PRAIRIESKY ROYALTY LTD.
T216749	147677271	T 30 R 23 W3M NE 19 All Mines and Minerals	100%	159.891	64.706	PRAIRIESKY ROYALTY LTD.
T216750	147685898	Excludina All POTASH T 30 R 23 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	159.65	64.608	PRAIRIESKY ROYALTY LTD.
T216751	147675314	T 30 R 23 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	159.93	64.722	PRAIRIESKY ROYALTY LTD.
T216752	147685337	T 30 R 23 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	159.69	64.625	PRAIRIESKY ROYALTY LTD.
T214348	147704946	T 30 R 23 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	158.81	64.268	PRAIRIESKY ROYALTY LTD.
T214349	147697037	T 30 R 23 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	159.33	64.479	PRAIRIESKY ROYALTY LTD.
T214084	147696159	T 30 R 23 W3M NE 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	159.219	64.435	PRAIRIESKY ROYALTY LTD.
T222095	147672197	T 30 R 23 W3M NW 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	160.06	64.774	PRAIRIESKY ROYALTY LTD.
T222096	147692739	T 30 R 23 W3M SE 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	159.68	64.621	PRAIRIESKY ROYALTY LTD.
T222097	147682716	T 30 R 23 W3M SW 23 All Mines and Minerals Excluding P&NG to Base GENERAL PETROLEUM Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T214344	147662411	T 30 R 23 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.231	64.844	PRAIRIESKY ROYALTY LTD.
T214345	147670779	T 30 R 23 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.1	64.791	PRAIRIESKY ROYALTY LTD.
T214346	147596552	T 30 R 23 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T214347	147601986	T 30 R 23 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T222128	147735816	T 30 R 23 W3M LSD 11 SEC 27 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.19	16.264	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222127	147707488	T 30 R 23 W3M LSD 12, 13 & 14 SEC 27 All Mines and Minerals Excluding All POTASH	100%	120.52	48.773	PRAIRIESKY ROYALTY LTD.
T214350	147659349	T 30 R 23 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.3	64.871	PRAIRIESKY ROYALTY LTD.
T222125	147662589	T 30 R 23 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.1	64.79	PRAIRIESKY ROYALTY LTD.
T222126	147595854	T 30 R 23 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T222098	147708209	T 30 R 23 W3M NE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149	60.298	PRAIRIESKY ROYALTY LTD.
T222100	147708120	T 30 R 23 W3M NW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.21	60.383	PRAIRIESKY ROYALTY LTD.
T222109	147691457	T 30 R 23 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	159.74	64.646	PRAIRIESKY ROYALTY LTD.
T214085	147682031	T 30 R 23 W3M SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	159.83	64.681	PRAIRIESKY ROYALTY LTD.
T222092	147709042	T 30 R 23 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	148.67	60.165	PRAIRIESKY ROYALTY LTD.
T222094	147709020	T 30 R 23 W3M NW 33 All Mines and Minerals	100%	148.88	60.25	PRAIRIESKY ROYALTY LTD.
T213773	147694089	Excludina All POTASH T 30 R 23 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	159.5	64.548	PRAIRIESKY ROYALTY LTD.
T221973	147692751	T 30 R 23 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	159.67	64.616	PRAIRIESKY ROYALTY LTD.
T213774	147706768	T 30 R 23 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	147.72	59.78	PRAIRIESKY ROYALTY LTD.
T221975	147706746	T 30 R 23 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	147.86	59.837	PRAIRIESKY ROYALTY LTD.
T221976	147684628	T 30 R 23 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	159.86	64.693	PRAIRIESKY ROYALTY LTD.
T221974	147682165	T 30 R 23 W3M SW 35 All Mines and Minerals	100%	159.84	64.685	PRAIRIESKY ROYALTY LTD.
T216017	147568382	Excludina All POTASH T 31 R 23 W3M NE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T216018	147569259	T 31 R 23 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.8	65.074	PRAIRIESKY ROYALTY LTD.
T221363	147708197	T 31 R 23 W3M SE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.06	60.323	PRAIRIESKY ROYALTY LTD.
T216019	147708175	T 31 R 23 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.12	60.347	PRAIRIESKY ROYALTY LTD.
T221394	147561857	T 31 R 23 W3M NE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.12	65.203	PRAIRIESKY ROYALTY LTD.
T216020	147562263	T 31 R 23 W3M NW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.11	65.199	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221393	147707006	T 31 R 23 W3M SE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.57	60.529	PRAIRIESKY ROYALTY LTD.
T221395	147706959	T 31 R 23 W3M SW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.81	60.626	PRAIRIESKY ROYALTY LTD.
T222332	147738471	T 31 R 23 W3M LSD 1 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.27	16.297	PRAIRIESKY ROYALTY LTD.
T222336	147724106	T 31 R 23 W3M LSD 10 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.23	16.281	PRAIRIESKY ROYALTY LTD.
T215876	147724128	T 31 R 23 W3M LSD 15 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.231	16.281	PRAIRIESKY ROYALTY LTD.
T222337	147724050	T 31 R 23 W3M LSD 16 SEC 13	100%	40.24	16.285	PRAIRIESKY ROYALTY LTD.
		All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH
T222330	147738550	T 31 R 23 W3M LSD 2 SEC 13 All Mines and Minerals Excluding All POTASH	100%	40.25	16.289	PRAIRIESKY ROYALTY LTD.
T222333	147738617	T 31 R 23 W3M LSD 7 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.24	16.285	PRAIRIESKY ROYALTY LTD.
T222334	147738538	T 31 R 23 W3M LSD 8 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.26	16.293	PRAIRIESKY ROYALTY LTD.
T222335	147738606	T 31 R 23 W3M LSD 9 SEC 13 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.25	16.289	PRAIRIESKY ROYALTY LTD.
T222329	147646772	T 31 R 23 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.84	65.091	PRAIRIESKY ROYALTY LTD.
T222331	147564467	T 31 R 23 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.911	65.119	PRAIRIESKY ROYALTY LTD.
T221398	147555085	T 31 R 23 W3M NE 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.191	65.232	PRAIRIESKY ROYALTY LTD.
T221397	147567459	T 31 R 23 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.089	65.191	PRAIRIESKY ROYALTY LTD.
T221396	147556086	T 31 R 23 W3M SE 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.21	65.24	PRAIRIESKY ROYALTY LTD.
T216021	147561914	T 31 R 23 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.11	65.199	PRAIRIESKY ROYALTY LTD.
T222319	147707264	T 31 R 23 W3M LSD 1, LSD 2A, LSD 2B, LSD 7, LSD 8A, LSD 8B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.71	48.85	PRAIRIESKY ROYALTY LTD.
T222321	147769879	T 31 R 23 W3M LSD 10C, LSD 10D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.07	8.122	PRAIRIESKY ROYALTY LTD.
T222318	147707141	T 31 R 23 W3M LSD 11, LSD 12A, LSD 12B, LSD 13, LSD 14A, LSD 14B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.21	48.647	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222323	147767901	T 31 R 23 W3M LSD 12C, LSD 12D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.03	8.106	PRAIRIESKY ROYALTY LTD.
T222324	147767811	T 31 R 23 W3M LSD 14C, LSD 14D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.04	8.11	PRAIRIESKY ROYALTY LTD.
T222322	147793630	T 31 R 23 W3M LSD 16C, LSD 16D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.08	8.126	PRAIRIESKY ROYALTY LTD.
T222325	147793696	T 31 R 23 W3M LSD 2C AND LSD 2D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.12	8.142	PRAIRIESKY ROYALTY LTD.
T222320	147707400	T 31 R 23 W3M LSD 3, LSD 4A, LSD 4B, LSD 5, LSD 6A, LSD 6B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.64	48.822	PRAIRIESKY ROYALTY LTD.
T222328	147793348	T 31 R 23 W3M LSD 4C, LSD 4D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.1	8.134	PRAIRIESKY ROYALTY LTD.
T222327	147793854	T 31 R 23 W3M LSD 6C, LSD 6D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.11	8.138	PRAIRIESKY ROYALTY LTD.
T222326	147793551	T 31 R 23 W3M LSD 8C, LSD 8D SEC 19 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.12	8.142	PRAIRIESKY ROYALTY LTD.
T215875	147707095	T 31 R 23 W3M LSD 9, LSD 10A, LSD 10B, LSD 15, LSD 16A, LSD 16B SEC 19 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	120.48	48.757	PRAIRIESKY ROYALTY LTD.
T221261	147735434	T 31 R 23 W3M LSD 11 & PTN LSD 12 SEC 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	60.22	24.37	PRAIRIESKY ROYALTY LTD.
T221264	147735524	T 31 R 23 W3M LSD 13 & PTN LSD 14 SEC 21 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	60.2	24.362	PRAIRIESKY ROYALTY LTD.
T221263	147769745	T 31 R 23 W3M PTN LSD 12 SEC 21 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.07	8.122	PRAIRIESKY ROYALTY LTD.
T221262	147769969	T 31 R 23 W3M PTN LSD 14 SEC 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	20.07	8.122	PRAIRIESKY ROYALTY LTD.
T221265	147793685	T 31 R 23 W3M PTN LSD 15 SEC 21 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.08	8.126	PRAIRIESKY ROYALTY LTD.
T216035	147706870	T 31 R 23 W3M PTN NE 21 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	140.58	56.891	PRAIRIESKY ROYALTY LTD.
T221401	147717399	T 31 R 23 W3M LSD 15 & 16 SEC 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	80.73	32.67	PRAIRIESKY ROYALTY LTD.
T221400	147731452	T 31 R 23 W3M LSD 9 & 10 SEC 23 All Mines and Minerals Excluding All POTASH	100%	79.83	32.306	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221399	147642004	T 31 R 23 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.651	65.013	PRAIRIESKY ROYALTY LTD.
T216034	147650610	T 31 R 23 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.52	64.96	PRAIRIESKY ROYALTY LTD.
T221402	147572602	T 31 R 23 W3M SW 23 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.66	65.018	PRAIRIESKY ROYALTY LTD.
T221892	147707444	T 31 R 23 W3M LSD 1, 7 & 8 SEC 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.56	48.789	PRAIRIESKY ROYALTY LTD.
T221893	147735748	T 31 R 23 W3M LSD 2 SEC 25 All Mines and Minerals Excluding All POTASH	100%	40.2	16.268	PRAIRIESKY ROYALTY LTD.
T221890	147707231	T 31 R 23 W3M LSD 3, 4 & 5 SEC 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.73	48.858	PRAIRIESKY ROYALTY LTD.
T221895	147724072	T 31 R 23 W3M LSD 6 SEC 25 All Mines and Minerals Excluding All POTASH	100%	40.24	16.285	PRAIRIESKY ROYALTY LTD.
T221889	147641980	T 31 R 23 W3M NE 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T216033	147567943	T 31 R 23 W3M NW 25 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T221269	147739416	T 31 R 23 W3M LSD 10 SEC 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.27	16.296	PRAIRIESKY ROYALTY LTD.
T221267	147707196	T 31 R 23 W3M LSD 3, 4 & 6 SEC 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.95	48.947	PRAIRIESKY ROYALTY LTD.
T221270	147739258	T 31 R 23 W3M LSD 5 SEC 27 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.31	16.313	PRAIRIESKY ROYALTY LTD.
T216032	147707871	T 31 R 23 W3M LSD 9, 15 & 16 SEC 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.76	48.87	PRAIRIESKY ROYALTY LTD.
T221272	147555591	T 31 R 23 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	161.16	65.22	PRAIRIESKY ROYALTY LTD.
T221271	147793078	T 31 R 23 W3M PTN LSD 12 SEC 27 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.15	8.154	PRAIRIESKY ROYALTY LTD.
T221268	147706858	T 31 R 23 W3M PTN NW 27 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	140.971	57.049	PRAIRIESKY ROYALTY LTD.
T222361	147735568	T 31 R 23 W3M LSD PTN 1 & PTN 2 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH TITLE IS SUBJECT TO CNRL BENEFICIAL INTEREST,	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222356	147572769	T 31 R 23 W3M NE 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.66	65.017	PRAIRIESKY ROYALTY LTD.
T216031	147640428	T 31 R 23 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.

			*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel
--	--	--	----------------------------------------------------------------------------------------------------------------------------	--

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222357	147724386	T 31 R 23 W3M PTN LSD 1 & 2 SEC 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222363	147724410	T 31 R 23 W3M PTN LSD 3 & PTN LSD 4 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH TITLE IS SUBJECT TO A CNRL BENEFICIAL	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222364	147793607	INTPPFRT T 31 R 23 W3M PTN LSD 5 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.09	8.13	PRAIRIESKY ROYALTY LTD.
T222362	147724319	T 31 R 23 W3M PTN LSD 7 & 8 SEC 31 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222358	147724308	T 31 R 23 W3M PTN LSD 7 & 8 SEC 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T222360	147707905	T 31 R 23 W3M PTN SW 31 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	100.45	40.651	PRAIRIESKY ROYALTY LTD.
T221333	147724151	T 31 R 23 W3M LSD 16 SEC 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.21	16.272	PRAIRIESKY ROYALTY LTD.
T221332	147707387	T 31 R 23 W3M LSD 9, 10 & 15 SEC 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.64	48.822	PRAIRIESKY ROYALTY LTD.
T221334	147573401	T 31 R 23 W3M NW 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T220980	147793775	T 31 R 23 W3M PTN LSD 2 SEC 33 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	20.11	8.138	PRAIRIESKY ROYALTY LTD.
T221266	147724083	T 31 R 23 W3M PTN LSD 3 & PTN LSD 4 SEC 33 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH	100%	40.23	16.281	PRAIRIESKY ROYALTY LTD.
T221335	147793742	T 31 R 23 W3M PTN LSD 5 SEC 33 All Mines and Minerals Excluding P&NG to Base BAKKEN Excluding All POTASH TITLE IS SUBJECT TO A CNRL BENEFICIAL INTERESE, SEE TRUST REMARKS	100%	20.12	8.142	PRAIRIESKY ROYALTY LTD.
T216030	147706869	T 31 R 23 W3M PTN SE 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	140.77	56.968	PRAIRIESKY ROYALTY LTD.
T221331	147707893	T 31 R 23 W3M PTN SW 33 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH TITLE IS SUBJECT TO CNRL BENEFICIAL	100%	100.57	40.7	PRAIRIESKY ROYALTY LTD.
T221405	147735704	INTFRFGT GPF TRI IGT RFMARKG T 31 R 23 W3M LSD 10 SEC 35 All Mines and Minerals Excluding All POTASH	100%	40.05	16.208	PRAIRIESKY ROYALTY LTD.
T221404	147707152	T 31 R 23 W3M LSD 9, 15 & 16 SEC 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.15	48.623	PRAIRIESKY ROYALTY LTD.
T216029	147640765	T 31 R 23 W3M NW 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T216028	147669979	T 31 R 23 W3M SE 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T221403	147638739	T 31 R 23 W3M SW 35 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T221845	147707107	T 32 R 23 W3M LSD 3, 5 & 6 SEC 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	120.45	48.745	PRAIRIESKY ROYALTY LTD.
T221848	147724331	T 32 R 23 W3M LSD 4 SEC 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	40.16	16.252	PRAIRIESKY ROYALTY LTD.
T216025	147653983	T 32 R 23 W3M NE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T221843	147653635	T 32 R 23 W3M NW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T221844	147648314	T 32 R 23 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.53	64.964	PRAIRIESKY ROYALTY LTD.
T221866	147724320	T 32 R 23 W3M LSD 3 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.1	16.228	PRAIRIESKY ROYALTY LTD.
T221867	147735647	T 32 R 23 W3M LSD 4 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.07	16.216	PRAIRIESKY ROYALTY LTD.
T221871	147724443	T 32 R 23 W3M LSD 5 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.08	16.22	PRAIRIESKY ROYALTY LTD.
T221872	147736019	T 32 R 23 W3M LSD 6 SEC 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	40.11	16.232	PRAIRIESKY ROYALTY LTD.
T221869	147640136	T 32 R 23 W3M NE 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T221870	147641003	T 32 R 23 W3M NW 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T221868	147568225	T 32 R 23 W3M SE 3 All Mines and Minerals Excluding All P&NG Excluding All POTASH	100%	160.87	65.102	PRAIRIESKY ROYALTY LTD.
T213792	147642655	T 32 R 23 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T213793	147645614	T 32 R 23 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.56	64.977	PRAIRIESKY ROYALTY LTD.
T213794	147601447	T 32 R 23 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T213795	147671589	T 32 R 23 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.09	64.786	PRAIRIESKY ROYALTY LTD.
T213796	147645647	T 32 R 23 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T213797	147598802	T 32 R 23 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.55	64.973	PRAIRIESKY ROYALTY LTD.
T213798	147654074	T 32 R 23 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213799	147646402	T 32 R 23 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.76	65.058	PRAIRIESKY ROYALTY LTD.
T213800	147660789	T 32 R 23 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T213801	147545040	T 32 R 23 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	161.07	65.183	PRAIRIESKY ROYALTY LTD.
T213802	147643937	T 32 R 23 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.58	64.985	PRAIRIESKY ROYALTY LTD.
T213803	147652836	T 32 R 23 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T213804	147601391	T 32 R 23 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.15	64.811	PRAIRIESKY ROYALTY LTD.
T213805	147663164	T 32 R 23 W3M SW 13 All Mines and Minerals Excluding All POTASH	100%	160.4	64.912	PRAIRIESKY ROYALTY LTD.
T213806	147599689	T 32 R 23 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T213807	147642295	T 32 R 23 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T213808	147639932	T 32 R 23 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	160.7	65.033	PRAIRIESKY ROYALTY LTD.
T213809	147564917	T 32 R 23 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.89	65.11	PRAIRIESKY ROYALTY LTD.
T213810	147573726	T 32 R 23 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.84	65.09	PRAIRIESKY ROYALTY LTD.
T213811	147665504	T 32 R 23 W3M NE 19 All Mines and Minerals Excluding All POTASH	100%	160.01	64.754	PRAIRIESKY ROYALTY LTD.
T213812	147595472	T 32 R 23 W3M NW 19 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T213813	147604035	T 32 R 23 W3M SE 19 All Mines and Minerals Excluding All POTASH	100%	160.03	64.762	PRAIRIESKY ROYALTY LTD.
T213814	147703383	T 32 R 23 W3M SW 19 All Mines and Minerals Excluding All POTASH	100%	160.46	64.936	PRAIRIESKY ROYALTY LTD.
T213815	147638818	T 32 R 23 W3M NE 21 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T213816	147642868	T 32 R 23 W3M NW 21 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T213817	147646514	T 32 R 23 W3M SE 21 All Mines and Minerals Excluding All POTASH	100%	160.77	65.062	PRAIRIESKY ROYALTY LTD.
T213818	147640406	T 32 R 23 W3M SW 21 All Mines and Minerals Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T213819	147598363	T 32 R 23 W3M NE 23 All Mines and Minerals Excluding All POTASH	100%	160.35	64.892	PRAIRIESKY ROYALTY LTD.
T213820	147598666	T 32 R 23 W3M NW 23 All Mines and Minerals Excluding All POTASH	100%	160.35	64.892	PRAIRIESKY ROYALTY LTD.
T213821	147660958	T 32 R 23 W3M SE 23 All Mines and Minerals Excluding All POTASH	100%	160.23	64.843	PRAIRIESKY ROYALTY LTD.
T213822	147602202	T 32 R 23 W3M SW 23 All Mines and Minerals Excludina All POTASH	100%	160.14	64.807	PRAIRIESKY ROYALTY LTD.

File. Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T213823	147660352	T 32 R 23 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T213824	147661319	T 32 R 23 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.24	64.847	PRAIRIESKY ROYALTY LTD.
T213825	147652847	T 32 R 23 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T213826	147656694	T 32 R 23 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T213827	147640923	T 32 R 23 W3M NE 27 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T213828	147567718	T 32 R 23 W3M NW 27 All Mines and Minerals Excluding All POTASH	100%	160.66	65.017	PRAIRIESKY ROYALTY LTD.
T213829	147563433	T 32 R 23 W3M SE 27 All Mines and Minerals Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T213830	147567505	T 32 R 23 W3M SW 27 All Mines and Minerals Excluding All POTASH	100%	160.82	65.082	PRAIRIESKY ROYALTY LTD.
T214653	147638829	T 32 R 23 W3M NE 31 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T214654	147643005	T 32 R 23 W3M NW 31 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T214655	147641294	T 32 R 23 W3M SE 31 All Mines and Minerals Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T214656	147643061	T 32 R 23 W3M SW 31 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214657	147609298	T 32 R 23 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.38	64.904	PRAIRIESKY ROYALTY LTD.
T214658	147643566	T 32 R 23 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.61	64.996	PRAIRIESKY ROYALTY LTD.
T214659	147661814	T 32 R 23 W3M SE 33 All Mines and Minerals Excluding All POTASH	100%	160.25	64.852	PRAIRIESKY ROYALTY LTD.
T214660	147658933	T 32 R 23 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	160.39	64.908	PRAIRIESKY ROYALTY LTD.
T214661	147652881	T 32 R 23 W3M NE 35 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T214662	147600604	T 32 R 23 W3M NW 35 All Mines and Minerals Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T214663	147564456	T 32 R 23 W3M SE 35 All Mines and Minerals Excluding All POTASH	100%	160.91	65.118	PRAIRIESKY ROYALTY LTD.
T214664	147660701	T 32 R 23 W3M SW 35 All Mines and Minerals Excluding All POTASH	100%	160.25	64.851	PRAIRIESKY ROYALTY LTD.
T215132	147600558	T 33 R 23 W3M NE 1 All Mines and Minerals Excluding All POTASH	100%	160.16	64.815	PRAIRIESKY ROYALTY LTD.
T215133	147661768	T 33 R 23 W3M NW 1 All Mines and Minerals Excluding All POTASH	100%	160.21	64.835	PRAIRIESKY ROYALTY LTD.
T215134	147642060	T 33 R 23 W3M SE 1 All Mines and Minerals Excluding All POTASH	100%	160.73	65.045	PRAIRIESKY ROYALTY LTD.
T215135	147556053	T 33 R 23 W3M SW 1 All Mines and Minerals Excluding All POTASH	100%	161.18	65.228	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T219407	147572691	T 33 R 23 W3M NE 3 All Mines and Minerals Excluding All POTASH	100%	160.66	65.018	PRAIRIESKY ROYALTY LTD.
T219408	147569248	T 33 R 23 W3M NW 3 All Mines and Minerals Excluding All POTASH	100%	160.81	65.078	PRAIRIESKY ROYALTY LTD.
T219409	147646615	T 33 R 23 W3M SE 3 All Mines and Minerals Excluding All POTASH	100%	160.79	65.07	PRAIRIESKY ROYALTY LTD.
T219410	147573715	T 33 R 23 W3M SW 3 All Mines and Minerals Excluding All POTASH	100%	160.791	65.069	PRAIRIESKY ROYALTY LTD.
T215137	147660420	T 33 R 23 W3M NE 5 All Mines and Minerals Excluding All POTASH	100%	160.251	64.851	PRAIRIESKY ROYALTY LTD.
T215138	147600132	T 33 R 23 W3M NW 5 All Mines and Minerals Excluding All POTASH	100%	160.331	64.884	PRAIRIESKY ROYALTY LTD.
T215139	147597238	T 33 R 23 W3M SE 5 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215140	147652803	T 33 R 23 W3M SW 5 All Mines and Minerals Excluding All POTASH	100%	160.48	64.944	PRAIRIESKY ROYALTY LTD.
T215141	147640608	T 33 R 23 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.68	65.025	PRAIRIESKY ROYALTY LTD.
T215142	147603517	T 33 R 23 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.64	65.009	PRAIRIESKY ROYALTY LTD.
T215143	147572983	T 33 R 23 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.85	65.094	PRAIRIESKY ROYALTY LTD.
T215144	147641485	T 33 R 23 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.74	65.049	PRAIRIESKY ROYALTY LTD.
T215145	147595865	T 33 R 23 W3M NE 9 All Mines and Minerals Excluding All POTASH	100%	160.31	64.875	PRAIRIESKY ROYALTY LTD.
T215146	147643926	T 33 R 23 W3M NW 9 All Mines and Minerals Excluding All POTASH	100%	160.59	64.989	PRAIRIESKY ROYALTY LTD.
T215147	147669407	T 33 R 23 W3M SE 9 All Mines and Minerals Excluding All POTASH	100%	160.29	64.867	PRAIRIESKY ROYALTY LTD.
T215148	147644321	T 33 R 23 W3M SW 9 All Mines and Minerals Excluding All POTASH	100%	160.57	64.981	PRAIRIESKY ROYALTY LTD.
T219413	147596372	T 33 R 23 W3M SE 13 All Mines and Minerals Excluding All POTASH	100%	160.371	64.9	PRAIRIESKY ROYALTY LTD.
T219414	147601054	T 33 R 23 W3M SW 13 All Mines and Minerals Excludina All POTASH	100%	160.32	64.88	PRAIRIESKY ROYALTY LTD.
T219412	147661027	T 33 R 23 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.26	64.855	PRAIRIESKY ROYALTY LTD.
T219411	147676214	T 33 R 23 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T215149	147596079	T 33 R 23 W3M NE 15 All Mines and Minerals Excluding All POTASH	100%	160.19	64.827	PRAIRIESKY ROYALTY LTD.
T215150	147661140	T 33 R 23 W3M NW 15 All Mines and Minerals Excluding All POTASH	100%	160.22	64.839	PRAIRIESKY ROYALTY LTD.
T215151	147642284	T 33 R 23 W3M SE 15 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T215152	147546737	T 33 R 23 W3M SW 15 All Mines and Minerals Excluding All POTASH	100%	161.02	65.163	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T215153	147642273	T 33 R 23 W3M NE 17 All Mines and Minerals Excluding All POTASH	100%	160.62	65.001	PRAIRIESKY ROYALTY LTD.
T215154	147609399	T 33 R 23 W3M NW 17 All Mines and Minerals Excluding All POTASH	100%	160.49	64.948	PRAIRIESKY ROYALTY LTD.
T215155	147642824	T 33 R 23 W3M SE 17 All Mines and Minerals Excluding All POTASH	100%	160.6	64.993	PRAIRIESKY ROYALTY LTD.
T215156	147653220	T 33 R 23 W3M SW 17 All Mines and Minerals Excluding All POTASH	100%	160.47	64.94	PRAIRIESKY ROYALTY LTD.
T213776	147659978	T 30 R 24 W3M NE 25 All Mines and Minerals Excluding All POTASH	100%	160.28	64.863	PRAIRIESKY ROYALTY LTD.
T221980	147596226	T 30 R 24 W3M SE 25 All Mines and Minerals Excluding All POTASH	100%	160.37	64.9	PRAIRIESKY ROYALTY LTD.
T221979	147597801	T 30 R 24 W3M NW 25 All Mines and Minerals Excluding All POTASH	100%	160.18	64.823	PRAIRIESKY ROYALTY LTD.
T221978	147669610	T 30 R 24 W3M SW 25 All Mines and Minerals Excluding All POTASH	100%	160.27	64.859	PRAIRIESKY ROYALTY LTD.
T216036	147709749	T 31 R 24 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.56	60.93	PRAIRIESKY ROYALTY LTD.
T222365	147706599	T 31 R 24 W3M SW 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.33	60.837	PRAIRIESKY ROYALTY LTD.
T216037	147640316	T 31 R 24 W3M NE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.69	65.029	PRAIRIESKY ROYALTY LTD.
T222395	147647065	T 31 R 24 W3M NW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.83	65.086	PRAIRIESKY ROYALTY LTD.
T222398	147706825	T 31 R 24 W3M SE 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.27	60.812	PRAIRIESKY ROYALTY LTD.
T222400	147709817	T 31 R 24 W3M SW 3 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.36	60.849	PRAIRIESKY ROYALTY LTD.
T216390	147563387	T 31 R 24 W3M NE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.92	65.122	PRAIRIESKY ROYALTY LTD.
T216391	147706847	T 31 R 24 W3M SE 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.17	60.772	PRAIRIESKY ROYALTY LTD.
T216392	147706993	T 31 R 24 W3M SW 5 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	149.71	60.586	PRAIRIESKY ROYALTY LTD.
T216038	147554725	T 31 R 24 W3M NE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.22	65.244	PRAIRIESKY ROYALTY LTD.
T222442	147548672	T 31 R 24 W3M NW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.98	65.147	PRAIRIESKY ROYALTY LTD.
T222443	147550800	T 31 R 24 W3M SE 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.3	65.276	PRAIRIESKY ROYALTY LTD.

	*where mineral in erest is less than 100%, hectares shown here are netted down from the exposed area for that title/parcel

File Number	CERTIFICATE OF TITLE	FEE LANDS	Mineral Interest*	Net Acres	Net Hectares	REGISTERED OWNER
T222444	147544870	T 31 R 24 W3M SW 7 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	161.05	65.175	PRAIRIESKY ROYALTY LTD.
T216039	147639099	T 31 R 24 W3M NW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.72	65.041	PRAIRIESKY ROYALTY LTD.
T222393	147649898	T 31 R 24 W3M SW 17 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.52	64.96	PRAIRIESKY ROYALTY LTD.
T216299	147645793	T 31 R 24 W3M NE 33 All Mines and Minerals Excluding All POTASH	100%	160.75	65.054	PRAIRIESKY ROYALTY LTD.
T216300	147602482	T 31 R 24 W3M NW 33 All Mines and Minerals Excluding All POTASH	100%	160.04	64.766	PRAIRIESKY ROYALTY LTD.
T216301	147555119	T 31 R 24 W3M SW 33 All Mines and Minerals Excluding All POTASH	100%	161.19	65.232	PRAIRIESKY ROYALTY LTD.
T214665	147642161	T 32 R 24 W3M NE 7 All Mines and Minerals Excluding All POTASH	100%	160.63	65.005	PRAIRIESKY ROYALTY LTD.
T214666	147599690	T 32 R 24 W3M NW 7 All Mines and Minerals Excluding All POTASH	100%	160.61	64.997	PRAIRIESKY ROYALTY LTD.
T214667	147653488	T 32 R 24 W3M SE 7 All Mines and Minerals Excluding All POTASH	100%	160.45	64.932	PRAIRIESKY ROYALTY LTD.
T214668	147656885	T 32 R 24 W3M SW 7 All Mines and Minerals Excluding All POTASH	100%	160.43	64.924	PRAIRIESKY ROYALTY LTD.
T214670	147639112	T 32 R 24 W3M NE 13 All Mines and Minerals Excluding All POTASH	100%	160.72	65.041	PRAIRIESKY ROYALTY LTD.
T214671	147641171	T 32 R 24 W3M NW 13 All Mines and Minerals Excluding All POTASH	100%	160.67	65.021	PRAIRIESKY ROYALTY LTD.
T216040	147645861	T 31 R 25 W3M NE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	160.75	65.054	PRAIRIESKY ROYALTY LTD.
T222445	147709828	T 31 R 25 W3M SE 1 All Mines and Minerals Excluding P&NG to Base VIKING ZONE Excluding All POTASH	100%	150.34	60.841	PRAIRIESKY ROYALTY LTD.

Brine Metallic and Industrial Minerals Lease Term Sheet

Parties	PrairieSky Royalty Ltd. ("PSK") as Lessor Grounded Lithium Corp. ("GLC") as Lessee
Leased Lands and Production Spacing Unit	Leases to be issued for the spacing unit as defined in any enacted regulations related to Brine Deposits; one section in the absence of specific regulations.
Leased Substances	"Brine Deposits" means subsurface natural mineral salts, dissolved in geological formation waters, including but not limited to boron, calcium, lithium, magnesium, potassium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds.
Leased Formations	Devonian
Primary Term	Upon commencement of Commercial Operations triggered by GLC requesting a Lease, that period to take the Primary Term to March 31, 2030.
Initial Consideration	Brine Metallic and Industrial Minerals Work Permit dated March 11, 2022 between PSK and GLC.
Rentals	\$3.50 per hectare, annually.

Brine Metallic and Industrial Minerals Lease Term Sheet

Lease Tenure	For as long as Production Operations are being conducted in Paying Quantities.
	"Production Operations" means any of the following:
	production of Leased Substances in Paying Quantities; (i)
	(ii) processing any Leased Substances produced from the Leased Lands through facilities as is reasonably necessary to extract any one or more marketable mineral compounds from the brine water in which the Leased Substances were dissolved in the reservoir, including any period of time that all wells on the Leased Lands are produced may be shut-in until the process for extracting the Leased Substances is completed;
	(iii) disposal of waste brine water after extraction of Leased Substances; such disposal is restricted to waste brine water directly related to Lessee's operations on the Leased Lands;
	(iv) well completion or re-completion operations, including the testing and installation of the production casing, tubing and wellhead equipment and all other equipment and material necessary for the permanent preparation of a well for the production of Leased Substances in Paying Quantities;
	(v) equipping and tie-in of a well for the purpose of obtaining production of Leased Substances in Paying Quantities from that well;
	(vi) reworking, fracture stimulating, acidizing or stimulating a well for the purpose of obtaining or increasing production of Leased Substances in Paying Quantities from that well; or
	(vii) maintaining, repairing or replacing Equipment, facilities or pipelines used for the production, gathering, treating or processing of Leased Substances;
	"Paying Quantities" means the production of a sustainable quantity of Leased Substances from a well that is sufficient to provide a reasonable Royalty for Lessor taking into consideration all factors including the operating costs, the kind and quality of production, the availability of markets, the market price to be received, and the Royalty or other royalties and burdens payable.
Royalty Determination Point	Outlet of the processing facility of brine water that produces marketable Leased Substances.

Brine Metallic and Industrial Minerals Lease Term Sheet

Royalty Rate and No Deductions in the Calculation of Lessor Royalty; Ability to Take Lessor Royalties in Kind	Redacted: commercially sensitive information.

Current Market Value for Determination of Royalty Payable	Redacted: commercially in sensitive information.
Any Tax Levied on Lessor's Interest, Including Saskatchewan Acreage Tax, pertaining to this Lease	Redacted: commercially sensitive information.

Brine Metallic and Industrial Minerals Lease Term Sheet

Equitable Exploitation	Provisions with respect to rateable production, density, pooling and unitization to ensure equitable exploitation of Leased Substances from the Leased Lands within a geographic operating area.
Offset Obligation	Redacted: commercially sensitive information.
Laws and Regulations	The Lease will be governed by and construed within the laws and regulations related to Leased Substances within the province of Saskatchewan as they become enacted and change from time to time.
Boilerplate	PSK standard boilerplate provisions including but not limited to Grant and Continuation, Operations, Reports and Audit, Default and Waiver of Equitable Remedies, Force Majeure, Limitations, Waivers, Notices, Governing Laws and Assignment.
Well Data Requirements	Requirements as set out, and updated from time to time, under Land Compliance on www.prairiesky.com

Computershare Trust Company of Canada Brine Minerals Work Permit dated September 6, 2022 between Computershare Trust Company of Canada, New Trustee for Montreal Trust Company of Canada, as agent for National Trust Company Limited, successor to Victoria and Grey Trust Company, as per Court Order dated December 19, 2002 and Grounded Lithium Corp. ("Computershare Permit").

Redacted – commercially sensitive information.

Private Freehold Subsurface Mineral Leases dated March 1, 2021: Six (6) Individual Freehold Subsurface Minerals Leases involving Amanda Deschner, Christina Deschner, Deborah Cooke, Roger Ricard, Laurie Swalm and Lorne Swalm, as individual lessors, and Grounded Lithium Corp., as lessee.

Redacted – commercially sensitive information.

APPENDIX B LIST OF ENCUMBRANCES AGAINST PROPERTIES

As of the Effective Date, the only encumbrances against the Properties are the following:

1. Permitted Encumbrances:

The following constitute the Permitted Encumbrances against the Mineral Interests:

(a) contained in the original grants from the Crown;
(b) easements and any registered restrictions or covenants that run with the Mineral Interests provided they have been complied with;
(c) rights of way for, or reservations or rights of others relating to, sewers, water lines, gas lines, pipelines, electric lines, telegraph and telephone lines and other similar products or services;
(d) security given to a public utility or any governmental authority when required in the ordinary course;
(e) zoning by-laws, ordinances or other restrictions as to the use of real property imposed by governmental authorities registered against the Mineral Interests;
(f) Aboriginal claims to title or other Aboriginal rights or interests in and to any part of the Mineral Interests;
(g) statutory liens incurred or deposits made in the ordinary course in connection with worker's compensation, unemployment insurance and similar legislation, but only to the extent that each such statutory lien or deposit relates to amounts not yet due;
(h) undetermined or inchoate construction or repair or storage liens arising in the ordinary course, a claim for which has not been filed or registered pursuant to law or which notice in writing has not been given;
(i) any reservations or exceptions liens and encumbrances specifically approved by the Management Committee or otherwise permitted pursuant to the terms of this Agreement; and
(j) the Royalty Interests and any lessor royalties and other encumbrances listed on the Land Schedule included as Appendix A2.

2. Other Encumbrances:

None

APPENDIX C ACCOUNTING AND FINANCIAL PROCEDURES

The financing and accounting procedure to be followed by the Operator and the Participants under the Agreement are set forth below (the "Accounting Procedures"). All capitalized terms in these Accounting Procedures shall have the definition attributed to them in the Agreement, unless defined otherwise herein.

The purpose of these Accounting Procedures is to establish equitable methods for determining charges and credits applicable to Operations. It is the intent of the Participants that neither of them shall lose or profit by reason of the designation of one of them to exercise the duties and responsibilities of the Operator. The Participants shall meet and in good faith endeavour to agree upon changes deemed necessary to correct any unfairness or inequity. In the event of a conflict between the provisions of these Accounting Procedures and those of the Agreement, the provisions of the Agreement shall prevail.

ARTICLE I GENERAL PROVISIONS

1.1 General Accounting Records. The Operator shall maintain detailed and comprehensive cost accounting records prepared in accordance with these Accounting Procedures and in accordance with Generally Accepted Accounting Principles sufficient to provide a record of Business and periodic statements of financial position and, where applicable, the results of Operations for managerial, tax, regulatory or other financial or legal reporting purposes related to the Business. Such records shall be retained for the duration of the period allowed the Participants for audit or the period necessary to comply with tax or other regulatory requirements. The records shall reflect all obligations, advances and credits of the Participants.
1.2 Cash Management Accounts. The Management Committee can require the Operator to maintain one or more separate cash management accounts for the payment of all expenses and the deposit of all cash receipts for the Business, and the Operator shall charge to the Business Account the cost of such account and maintenance thereof.

1.3 Statements and Invoicing.

(a) For expenses to be reimbursed, the Operator shall prepare statements and invoice the Participants for each Participant's Cost Share of actual expenditures on a monthly, quarterly, semi-yearly or yearly basis (as the case may be). The invoice shall be accompanied by a statement indicating the net total of charges and credits to the cash management accounts for such period, summarized by appropriate classifications to facilitate comparison with the corresponding Program.
(b) For each Cash Call, the Operator shall provide to each Participant: (i) a statement of each Participant's Cost Share; (ii) a status report of actual expenditures to date and anticipated expenditures for the remainder of the quarter in progress; and (iii) if a

forecast of activities and costs of the forthcoming quarter (which shall relate to the respective budget and explain variances therefrom).

(c) Payment of invoices or Cash Calls shall be made by each Participant within thirty (30) days after receipt of each invoice or Cash Call.
(d) Payment of invoices or Cash Calls by either Participant, including the Operator, shall not prejudice such Participant's right to protest or question the correctness thereof for a period not to exceed twenty-four (24) months following the calendar year during which such billings were received by such Participant. All written exceptions to and claims upon the Manager for incorrect charges, billings or statements shall be made upon the Operator within such twenty-four (24) month period. The time period permitted for adjustments hereunder shall not apply to adjustments resulting from periodic inventories as provided in Paragraphs 5.1 and 5.2.

ARTICLE II CHARGES TO BUSINESS ACCOUNT

Subject to the limitations hereinafter set forth, the Operator shall charge the Business Account with the following:

2.1 Property Acquisition Costs, Rentals, Royalties and Other Payments. All property acquisition and holding costs, including governmental fees, filing fees, license fees, costs of permits and assessment work, delay rentals, production royalties, including any required advances, and all other payments made by the Manager which are necessary to acquire or maintain title to the Assets.

2.2 Labour and Employee Benefits

(a) The applicable cost of salaries, wages and bonuses, of the Operator's employees directly engaged in Operations, including salaries, wages and bonuses of employees who are temporarily assigned to and directly employed by same.
(b) The Operator's cost of holiday, vacation, sickness and disability benefits, and other customary allowances applicable to the salaries and wages chargeable under Subparagraph 2.2(a). Such costs may be charged on a "when and as paid basis" or by "percentage assessment" on the amount of salaries and wages. Such rate shall be based on the Operator's cost experience and it shall be periodically adjusted at least annually to ensure that the total of such charges does not exceed the actual cost thereof to the Operator.
(c) The Operator's actual cost of established plans for employees' group life insurance, hospitalization, pension, retirement, stock purchase, and other benefit plans of a like nature applicable to salaries and wages chargeable under Subparagraphs 2.2(a), provided that the plans are limited to the extent feasible to those customary in the industry.
(d) Cost of assessments imposed by governmental authority that are applicable to salaries and wages chargeable under Subparagraph 2.2(a), including all penalties except those resulting from the willful misconduct or gross negligence of the Operator.
2.3 Materials, Equipment and Supplies. The cost of materials, equipment and supplies (herein called "Material") purchased from unaffiliated third parties or furnished by either Participant as provided in Paragraph 3.1 or Paragraph 3.2. The Operator shall purchase or furnish only so much Material as may be required for immediate use in efficient and economical Operations. The Operator shall also maintain inventory levels of Material at reasonable levels to avoid unnecessary accumulation of surplus stock.
2.4 Equipment and Facilities Furnished by Operator. The cost of machinery, equipment and facilities owned by the Operator and used in Operations or used to provide support or utility services to Operations charged at average commercial rates currently prevailing in the vicinity of the Operations less 15%. If such commercial rates are not available within the vicinity of the Operations, the Operator shall charge rates for the use of the machinery, equipment and/or facilities commensurate with costs of ownership and operation, and such rate shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed Prime Rate plus three percent (3%) per annum.
2.5 Transportation. Reasonable transportation costs incurred in connection with the transportation of employees and material necessary for Operations.
2.6 Contract Services and Utilities. The cost of contract services and utilities procured from outside sources, other than services described in Paragraphs 2.9 and 2.12.
2.7 Insurance Premiums. Net premiums paid for insurance required to be carried for Operations for the protection of the Operator and the Participants.
2.8 Damages and Losses. All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets resulting from any cause other than the willful misconduct or gross negligence of the Operator. The Operator shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Operator.
2.9 Legal and Regulatory Expense. Except as otherwise provided in Paragraph 2.12, all legal and regulatory costs and expenses incurred in or resulting from Operations or necessary to protect or recover the Assets of the Business, including without limitation procurement, contracting, property acquisitions, dispositions, and litigation, and related support services, with such costs and expenses to include (i) the fees and disbursements of external legal counsel, and (ii) the cost of the Operator's legal staff calculated in accordance with Section 2.2.
2.10 Audit. Cost of any annual audits undertaken in accordance with the Agreement.

2.11 Taxes. All taxes, assessments and like charges on Operations and Assets which have been paid by the Operator for the benefit of the Participants. Each Participant is separately responsible for taxes determined or measured by a Participant's sales revenue or net income.

2.12 Administrative Charge.

(a) Each month, the Operator shall charge the Business Account a sum for each phase of Operations as provided below, which shall be a liquidated amount to reimburse the Operator for its office overhead and general and administrative expenses to conduct each phase of Operations, and which shall be in lieu of any management fee and for taxes based on production of Products:
(i) Exploration Work 7% of Allowable Costs as described below
(ii) Development Work, excluding Major Construction Work 5% of Allowable Costs as described below.
(iii) Major Construction Work 1.5% of Allowable Costs as described below.
(iv) Production Work 3% of Allowable Costs as described below.
(b) The term "Allowable Costs" as used in this Paragraph for a particular phase of Operations shall mean all charges to the Business Account excluding: (i) the administrative charge referred to herein; (ii) depreciation, depletion or amortization of tangible or intangible Assets; (iii) amounts charged in accordance with Paragraph 2.9, and (iv) marketing costs. For the purposes hereof, the "Major Construction Work" shall mean all Operations involved in the construction of a production facility or other processing facilities, as applicable; and "Production Work" shall include activities conducted after Production has commenced.
(c) Various phases of Operations may be conducted concurrently, in which event the administrative charge shall be calculated separately for Allowable Costs attributable to each phase.
(d) The following is a representative list of items that constitute the Operator's principal business office expenses that are expressly covered by the administrative charge provided in this Paragraph, except to the extent that such items are directly chargeable to the Business Account under other provisions of this Article II:
(i) Administration and supervision by Operator staff not otherwise chargeable under Paragraph 2.2.
(ii) Accounting, data processing, personnel administration, billing and record keeping in accordance with governmental regulations and the provisions of the Agreement, and preparation of reports;
(iii) The services of tax counsel and tax administration employees for all tax matters, including any protests, except any outside professional fees which the

Management Committee may approve as a direct charge to the Business Account;

(iv) Routine legal services rendered by outside sources and the Operator's legal staff not otherwise charged to the Business Account under Paragraph 2.9; and
(v) Rentals and other charges for office and records storage space, telephone service, office equipment and supplies.
(e) The Management Committee shall annually review the administrative charges and shall amend the methodology or rates used to determine such charges if they are found to be insufficient or excessive based on the principles that the Operator shall not make a profit or suffer a loss and that it should be fairly and adequately compensated for its costs and expenses.

2.13 Environmental Compliance. Costs of reasonably anticipated Environmental Compliance, as determined by the Management Committee on a Program basis, to pay for ongoing environmental compliance activities conducted during Operations and which shall aggregate the reasonably anticipated costs of well and facility abandonment activities, post-Operations environmental compliance activities and other continuing obligations, funded by proportionate contributions.

2.14 Other Expenditures. Any reasonable direct expenditure, other than expenditures which are covered by the foregoing provisions, incurred by the Operator for the necessary and proper conduct of Operations.

ARTICLE III BASIS OF CHARGES TO BUSINESS ACCOUNT

3.1 Purchases. Material purchased and services procured from third parties shall be charged to the Business Account by the Operator at invoiced cost, including applicable transfer taxes, less all discounts taken. If any Material is determined to be defective or is returned to a vendor for any other reason, the Operator shall credit the Business Account when an adjustment is received from the vendor.

3.2 Material Furnished by a Participant for Use in the Business. Any Material furnished by either Participant for use in the Business or distributed to either Participant by the Operator shall be priced on the following basis:

i) New Material: New Material furnished by a Participant shall be priced at the current replacement cost of the same kind of Material, exclusive of any available cash discounts, at the time it is furnished (herein called "New Price").
ii) Used Material.
(1) Used Material in sound and serviceable condition and suitable for reuse without reconditioning shall be priced as follows:
(A) Used Material furnished by either Participant shall be priced at seventy-five percent (75%) of the New Price;
(B) Used Material distributed to either Participant shall be priced (i) at seventy-five percent (75%) of the New Price if such Material was originally charged to the Business Account as new Material, or (ii) at sixty-five percent (65%) of the New Price if such Material was originally charged to the Business Account as good used Material.
(2) Other used Material that, after reconditioning, shall be further serviceable for original function as good secondhand Material, or that is serviceable for original function but not substantially suitable for reconditioning, shall be priced at fifty percent (50%) of New Price. The cost of any reconditioning shall be borne by the transferee.
(3) Material which is no longer usable for its original purpose without excessive repair cost but further usable for some other purpose shall be priced on a basis comparable with items normally used for that purpose.
(4) All other Material, including junk, shall be priced at a value commensurate with its use or at prevailing prices.
iii) Obsolete Material. Any Material that is serviceable and usable for its original function, but its condition is not equivalent to that which would justify a price as provided above, shall be priced by the Management Committee. Such price shall be set at a level that shall result in a charge to the Business Account equal to the value of the service to be rendered by such Material.

3.3 Warranty of Material Furnished by the Operator or Participants. Neither Participant warrants any Material furnished beyond any dealer's or manufacturer's warranty and no credits shall be made to the Business Account for defective Material until adjustments are received by the Operator from the dealer, manufacturer or their respective agents.

ARTICLE IV DISPOSAL OF MATERIAL

4.1 Disposition Generally. The Operator shall have no obligation to purchase either Participant's interest in Material. The Management Committee shall determine the disposition of major items of surplus Material, provided the Operator shall have the right to dispose of normal accumulations of junk and scrap Material either by sale or by transfer to the Participants as provided in Paragraph 4.2.

4.2 Distribution to Participants. Any Material to be distributed to the Participants shall be made in proportion to their respective Participating Interests, and corresponding credits shall be made to the Business Account on the basis provided in Paragraph 3.2.

4.3 Sales. Sales of Material to third parties shall be credited to the Business Account at the net amount received. Any damages or claims by the purchaser thereof shall be charged back to the Business Account if and when paid.

ARTICLE V

INVENTORIES

5.1 Periodic Inventories, Notice and Representations. At reasonable intervals, inventories shall be taken by the Operator, which shall include all such Material as is ordinarily considered controllable by operators of similar properties, and the expense of conducting such periodic inventories shall be charged to the Business Account. The Operator shall give written notice to the Participants of its intent to take any inventory at least thirty (30) days before such inventory is scheduled to take place. A Participant shall be deemed to have accepted the results of any inventory taken by the Operator if the Participant fails to be represented at such inventory.

5.2 Reconciliation and Adjustment of Inventories. Reconciliation of inventory with charges to the Business Account shall be made, and a list of overages and shortages shall be furnished to the Management Committee within six (6) months after the inventory is taken. Inventory adjustments shall be made by the Operator to the Business Account for overages and shortages, but the Operator shall be held accountable to the Business only for shortages due to lack of reasonable diligence.

The Operator shall, at all times while conducting Operations, comply fully with the applicable workers compensation laws and purchase, or provide through self-insurance, protection for the Participants' comparable to that provided under standard form insurance policies for:

(i) comprehensive public liability and property damage with combined limits of at least \$5,000,000 for bodily injury and property damage;
(ii) automobile insurance with combined limits of at least \$2,000,000; and
(iii) adequate and reasonable insurance against risk of fire and other risks ordinarily insured against in similar operations. If the Operator elects to self-insure, it shall charge to the Joint Account an amount equal to the premium it would have paid had it secured and maintained a policy or polities of insurance on a competitive bid basis in the amount of such coverage. Each Participant shall self-insure or purchase for its own account such additional insurance as it deems necessary.

APPENDIX E ROYALTY TERMS

(see attached)

ROYALTY AGREEMENT

THIS AGREEMENT made and effective as of the ____ day of ________, 202__.

BETWEEN:

● (referred to as the "Grantor")

AND:

● (referred to as the "Royalty Owner")

WHEREAS, pursuant to the terms of the Joint Venture Agreement dated ● between the Grantor and the Royalty Owner (hereinafter referred to as the "JV Agreement"), the Grantor shall grant the Royalty Owner the Royalty pursuant to the terms hereof;

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:

1. DEFINITIONS

In this Agreement, including the recitals and this clause, the following terms shall be assigned the following meanings:

(a) "Agreement" means this royalty agreement and the Schedules attached hereto;
(b) "Effective Date" means the date of this Agreement, as displayed at the top of the document;
(c) "Grantor's Interest" shall mean the Grantor's Working Interest in the Royalty Lands as governed by the Title Documents;
(d) "Land Plat" means the list and map of mineral parcels comprising the Royalty Lands set forth in Schedule "A".
(e) "Leased Substances" means all natural mineral salts of lithium, boron, calcium, magnesium, potassium, sodium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur, and their compounds, the right to explore for which, or an interest in which, is granted pursuant to the Title Documents, insofar only as they pertain to the Royalty Lands;
(f) "Royalty" means a gross overriding royalty on Leased Substances derived from the Royalty Lands, as defined and calculated and payable to the Royalty Owner in accordance with this Agreement;
(g) "Royalty Determination Point" means the outlet of the processing facility of brine water that produces marketable Leased Substances;
(h) "Royalty Lands" means the areal, stratagraphic and substance sub-surface mineral rights and Leased Substances for the lands that are governed under the Title Documents, as set forth in the Land Plat effective the date of this Agreement and made subject hereto by the Agreement;
(i) "Title Documents" means the mineral permits, leases, licences, agreements and other documents of title pertaining to the Royalty Lands by virtue of which the holder thereof is entitled to drill for, win, take, own and/or remove the Leased Substances within, upon or under the Royalty Lands or by virtue of which the holder thereof is entitled to a share of Leased Substances removed from the Royalty Lands or lands pooled or unitized therewith and includes, if applicable, all renewals and extensions of such documents and all documents issued in substitution therefor; and
(j) "Working Interest" means the percentage of undivided beneficial interest held by a Party in the Royalty Lands, or the respective zones, portions, parcel or parts thereof.

2. ROYALTY CALCULATION PAYMENT

2.1 In consideration of the premises and subject to the terms of this Agreement, effective as of the Effective Date, the Grantor hereby grants to the Royalty Owner an interest in the Royalty Lands and the Title Documents and agrees to bear and pay to the Royalty Owner in cash the Royalty, calculated as two percent (2.0%) of gross sales revenue and other proceeds from all products extracted and sold from the Leased Substances, measured at the Royalty Determination Point, insofar as the Grantor's Interest in such Leased Substances is derived under the Title Documents.
2.2 [Drafting Note: If the Royalty Agreement is entered into after dilution of the Royalty Owner's interest in the Joint Venture as a whole, the following language will be used for Clause 2.2: At any time following the date the Royalty Owner receives the Royalty, the Grantor shall have the option to reduce the Royalty to one percent (1.0%) upon delivery to the Royalty Owner a written notice of such intention of the Grantor and payment in cash (by wire transfer or certified cheque) in the amount of five hundred thousand (\$500,000.00) Canadian dollars.]

[Drafting Note: If the Royalty Agreement is entered into after dilution of the Royalty Owner's interest in a Project Area, the following language will be used for Clause 2.2: At any time following the date the Royalty Owner receives the Royalty, the Grantor shall have the option to reduce the Royalty to one percent (1.0%) upon delivery to the Royalty Owner a written notice of such intention of the Grantor and payment in cash (by wire transfer or certified cheque) for an amount equal to \$● Canadian dollars. [Drafting Note: The dollar amount to be inserted shall be calculated in accordance with Section 5.7 of the JV Agreement.]

2.3 In calculating such Royalty, there shall be no deductions related to the production and processing of brine water, transportation of Leased Substances, nor deductions of any nature whatsoever from the proceeds of gross sales revenue from the Leased Substances, including but not limited to marketing costs, financial administration costs and value added taxes in any jurisdiction.
2.4 The Royalty, as determined under this Section 2, shall be due and payable to the Royalty Owner on the 15th day of the second calendar month, following the month in which any production of the Leased Substances from the Royalty Lands occurred and was measured at the Royalty Determination Point, and thereafter on the 15th day of each succeeding calendar month so long as any of the Leased Substances shall be produced and sold from the Royalty Lands. Each Royalty payment shall be accompanied by a full and complete statement of the Leased Substances produced,

measured at the Royalty Determination Point and produced and/or sold, for which such payment is made together with a copy of the Grantor's governmental production statement for the month for which the said Royalty is calculated as aforesaid. Any information contained in such governmental production statement need not be repeated in the Grantor's statement to the Royalty Owner.

2.5 All payments and statements rendered by the Grantor hereunder during any calendar year shall conclusively be presumed to be true and correct after 26 months following the end of such calendar year, unless within that 26-month period, the Royalty Owner takes written exception thereto and makes a claim on the Grantor for adjustment.

3. TITLE TO AND SALE OF LEASED SUBSTANCES

3.1 The ownership of and title to the Royalty Owner's share of Leased Substances shall be and remain at all times vested in the Royalty Owner, provided, however, that when the Grantor markets its share of the Leased Substances produced from or allocated to the Royalty Lands, the Grantor shall market the Royalty Owner's share in the Leased Substances on behalf of the Royalty Owner.
3.2 All sales of Leased Substances by the Grantor on behalf of the Royalty Owner shall be at the price the Grantor receives from the sale of its Leased Substances.
3.3 Notwithstanding Clause 3.2, if any Product is sold to any person on a non-arm's length basis and at a price that does not represent a reasonable fair market sale price for such Product, having regard to pertinent circumstances (including, without limitation, current market conditions relating to such Product or other materials or products similar to such Product), then, for the purposes of calculating the gross sales revenue with respect thereto the Grantor shall add to the revenue from the sale of such Product an amount which would be sufficient to make such sale price represent a reasonable fair market sale price for such Product as if negotiated at arm's length, having regard to pertinent circumstances (including, without limitation, current market conditions relating to such Product or other materials or products similar to such Product). The Grantor shall by notice inform the Royalty Holder of the nature of the non-arm's length transaction and the quantum of such reasonable revenue and if the Royalty Holder does not object thereto within thirty (30) days after receipt of such notice, said quantum shall be final and binding for the purposes of this Clause 3.3.
3.4 The proceeds of sale of the Royalty Owner's share of the Leased Substances shall be received by the Grantor as trustee for the Royalty Owner and shall be held in trust by the Grantor for the Royalty Owner until those proceeds are paid to the Royalty Owner.

4. BOOKS AND RECORDS

4.1 The Grantor shall maintain and keep in Canada true and correct books and records and accounts showing the quantity of Leased Substances produced from or allocated to the Royalty Lands, measured at the Royalty Determination Point, and the subsequent sale and dispositions made of such production of Leased Substances. The books, records, vouchers and accounts maintained by the Grantor shall be kept up-to-date and available for inspection, verification and making copies by the Royalty Owner, or other person appointed or authorized by the Royalty Owner in writing, at all reasonable times during the Grantor's business hours.

4.2 The Royalty Owner shall also have the right (which may be exercised through servants or agents) to enter, at the Royalty Owner's expense and risk, upon the Royalty Lands at all reasonable times to gauge tanks and to check quantities of Leased Substances in storage.
4.3 The Royalty Owner shall have the right, upon written notice to a Grantor given within 24 months after the end of each annual fiscal period, to have an independent firm of chartered accountants audit the books and records that relate to the calculation of the Royalty. The Royalty Owner shall be responsible for the cost of the audit unless the audit reveals a material shortfall, in which case such Royalty Payor shall be responsible for the costs of such audit.
4.4 The Grantor shall not be required to keep the books and records beyond the period of time referred to in Clause 2.5 herein unless an audit has commenced in accordance with Clause 4.3 and is still ongoing and/or a dispute has been commenced to which such books and records relate and the dispute has not been finally determined.

5. POOLING

5.1 Provided there is no material impact on the rights of the Royalty Owner, the Grantor is hereby given the right at any time, and from time to time, to pool any portion of the Royalty Lands forming less than a spacing or drainage unit for the production of Leased Substances with land other than the Royalty Lands in order to form a complete regulatory-mandated spacing or drainage unit for the production of the Leased Substances. Unless otherwise agreed in writing by the Royalty Owner or ordered by governmental authority, such pooling will be on a simple area basis; that is, the production of Leased Substances from a well on the lands comprising the spacing or drainage unit shall be divided between the Royalty Lands and the other lands in such spacing or drainage unit in the proportion that the number of hectares of the Royalty Lands and the other lands separately bear to the total area of the required spacing or drainage unit. The overriding royalty shall, in the event of pooling, be based upon the Grantor's pooled interest derived from the Grantor's Interest in the Royalty Lands.

6. UNITIZATION

6.1 The Grantor shall from time to time, and at any time, have the right to include the Royalty Lands or any part or parts of the Royalty Lands in a unit operation agreement for the unitized development, operation, or both, of the Royalty Lands with other lands, if such concept shall become necessary or desirable in the opinion of the Grantor, subject to the provisions of Clause 6.2. Upon any such unitization, the overriding royalty herein specified shall be paid on the basis of the production allocated to the Royalty Lands under the plan of unitization and not upon the basis of actual production from the Lands.
6.2 The Grantor shall not include the Royalty Lands or any part or parts of the Royalty Lands in any voluntary plan of unitization or in any unit operation agreement without the prior written consent of the Royalty Owner. The execution by the Royalty Owner of the applicable unit agreement shall

be deemed to be consent to such unitization under this Section 6.

7. SURRENDER BY GRANTOR

7.1 If there are multiple Grantor parties and a Grantor party proposes to surrender all or a portion of the Royalty Lands to the respective grantor(s) of the Title Documents, that Grantor party will comply with the applicable provisions of any joint operating agreement otherwise governing the respective Working Interests of the Grantor parties.
7.2 To the extent those Royalty Lands are thereafter proposed for surrender by all Grantor parties, or there is only one Grantor party, the Grantor party shall notify, by written notice, to the Royalty Owner of such proposed surrender of Royalty Lands a minimum of 30 days prior to the next respective anniversary date(s) of the Title Documents governing the Royalty Lands included in the surrender notice. The Royalty Owner shall then have 20 days after receipt of the subject surrender notice to elect to either: (a) takeover the Grantor's Interest in the Royalty Lands included in the subject surrender notice from the respective Grantor Party or (b) decline to takeover the Grantor's Interest therein. In the event the Royalty Owner elects to takeover the Grantor's Interest in the Royalty Lands included in the subject surrender notice, the Grantor shall formally assign and transfer such affected Royalty Lands and the respective Title Documents governing such affected Royalty Lands to the Royalty Owner. The Royalty as it applies to such affected Royalty Lands shall cease to exist on the date the Royalty Owner elects to takeover such Royalty Lands. In the event the Royalty Owner elects to decline a takeover of the Royalty Lands subject to the surrender notice, the respective Grantor shall proceed to formally surrender such affected Royalty Lands back to the respective grantor of the related Title Documents, and such Royalty Lands shall cease to be subject to this Agreement. For a period of 10 years thereafter, no Grantor, nor any associate or affiliate of a Grantor, shall acquire (directly or indirectly) any such surrendered Royalty Lands unless, as part of such acquisition, the Royalty applies to such reacquired Royalty Lands.

8. ASSIGNMENT

8.1 In the event either the Grantor or the Royalty Owner desire to assign, transfer, or otherwise dispose of any or all of their respective interests in this Agreement and the Royalty Lands, the respective disposing party (hereinafter referred to as the "Assignor") shall notify all other recognized parties to this Agreement (hereinafter referred to as the "Respondents"), by written notice, of the subject interests under the Agreement and the Royalty Lands that the Assignor is proposing to dispose of, the identity of the prospective assignee (hereinafter referred to as the "Assignee") of such interests, and the proposed effective date of such transaction. The Respondents shall then have a period of 30 days after receipt of the subject disposition notice to formally consent to the subject transaction, and such consent shall not be unreasonably withheld by any of the Respondents. If any of the Respondents fail to reply to the Assignor regarding the written notification of the subject disposition within such 30-day consent notice period, such Respondents shall hereinafter be deemed to have consented to such disposition.
8.2 In the event the Assignor serves a disposition notice to the Respondents pursuant to Clause 8.1 hereof, upon the Assignor receiving the consents of the Respondents, and/or the deemed consents of any of the Respondents, the Assignor shall prepare all necessary formal assignment agreements,

transfers and other ancillary documentation required to assign its proposed disposition of interest in the Agreement and the Royalty Lands to the Assignee. The Assignor and Assignee shall promptly execute such required assignment document, and provide copies of the formal assignment agreements to the Respondents. All Parties to this Agreement shall then be obligated to recognize the Assignee as being the successor-in-interest to the Assignor in the Agreement and the Royalty Lands regarding the disposed interest outlined in the subject written Notice served under Clause 8.1 hereof, effective during the first day of the calendar month when all Parties receive copies of the respective assignment agreements. From that point forward, the Assignee shall formally be recognized as a Party in the Agreement and in the Royalty Lands in place of the Assignor.

9. INDEMNITY

9.1 The Grantor shall indemnify and save harmless the Royalty Owner in its capacity only as a royalty holder from and against all actions, suits, claims and demands whatsoever, by any person or persons whomsoever, in respect of any loss, injury, damage or obligation arising out of or connected with any of the operations of the Grantor conducted on the Royalty Lands.

10. PAYMENTS

10.1 All royalty payments to be made hereunder shall be either be made by electronic or wire transfer to the Royalty Owner in accordance with the instructions it shall provide to the Grantor, or failing to receive such instructions from the Royalty Owner, by certified cheque mailed and delivered by prepaid mail addressed to the Royalty Owner at the address for service as set out in Clause 11.3.
10.2 Should any dispute arise between the parties hereto relating to the payment of the Royalty under this Agreement, the party alleging default shall provide the party alleged to be in default with written notice and full particulars thereof and henceforth from receipt of notice of the breach, the party alleged to be in default shall have sixty (60) days to commence to remedy the alleged breach prior to the party alleging breach taking whatever steps may be open to it under this Agreement to resolve the dispute.

11. NOTICES

11.1 Any notice required or desired to be given under this Agreement shall be in writing addressed to the other party at its address as set forth herein in Clause 11.3 (hereinafter called the "proper address"). Notices may be delivered or mailed (except at times when postal service is ineffectual due to strike or other such cause) in a prepaid letter. Notices sent by mail shall be deemed received on the fifth business day following mailing.
11.2 Notices may also be given electronically by e-mail. A notice or information given by e-mail must be sent to the e-mail address that is/are identified in Clause 11.3 as being the authorized point of notice receipt. Such notices served shall be deemed to have been effectively given and received as of the time and date of such electronic communication, or if it is transmitted at a time other than during the intended receiver's normal business hours, as of the commencement of such business hours next following such transmission.

11.3 Any party may change its address hereunder by notice given pursuant to this Clause. The initial address of the parties hereto shall be as follows:

Royalty Owner:	Grantor:
●	●
Attention:	Attention:
●	●
E-Mail:	E-Mail:
●	●

12. TERM

12.1 This Agreement, subject to the provisions herein contained, shall remain in full force and effect for the life of the Title Documents and any renewals or extensions of it.

13. MISCELLANEOUS

13.1 The parties hereto shall from time to time and at all times do all such further acts and execute and deliver all such further deeds and documents as shall be reasonably required in order to fully perform and carry out the terms of this Agreement.
13.2 No waiver by a party hereto of any breach of any of any of the covenants, conditions and provisions herein contained shall be effective or be binding upon the other parties unless the same is expressed in writing, and any waiver so expressed shall not limit or affect its right with respect to any other or future breach.
13.3 Time is of the essence of this Agreement.
13.4 Whenever the singular or masculine or neuter is used in this Agreement, the same shall be construed as meaning the plural or feminine or body politic or corporate and vice-versa where the context so requires.
13.5 This Agreement shall enure to the benefit of and be binding upon the parties hereto, their successors and permitted assigns.
13.6 The headings of the Sections of this Agreement are inserted for convenience of reference only and shall not affect the Construction or interpretation of this Agreement.
13.7 The terms of this Agreement express and constitute the entire agreement between the parties and no implied covenant or liability of any kind is created or shall arise by reason by these presents or anything herein contained.
13.8 This Agreement may be executed in counterpart. All of those executed counterpart pages when together shall constitute the Agreement.
13.9 No party hereto shall be deemed to be in default with respect to non-performance of their obligations under this Agreement if and so long as their non-performance is due to strikes,

walkouts, epidemics, pandemics, fires, tempests or acts of God, or any other cause (whether similar or dissimilar to those enumerated) beyond its control, but lack of finances shall not itself in any event be deemed to be cause beyond the control of a party.

13.10 The parties agree that this Agreement will be governed and construed in accordance with the laws of Saskatchewan.

IN WITNESS WHEREOF the parties hereto have executed and delivered this Agreement as of the date first above written.

[GRANTOR]

Name: Title:

[ROYALTY OWNER]

Name: Title:

Schedule "A" to a Royalty Agreement dated _________________, 202__

The Land Plat for the applicable Properties or Project Area to be attached here

Schedule "C"

This is Schedule "C" attached to and forming part of Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

The form of GLC Management Agreement is attached here

MANAGEMENT AGREEMENT

ARTICLE 1 APPOINTMENT 1
1.1	Appointment of Grounded 1
1.2	Standard of Care 1
1.3	Relationship of Parties 1
ARTICLE 2 DUTIES AND OBLIGATIONS 2
2.1	Duties and Obligations of Grounded 2
ARTICLE 3 COMPENSATION 3
3.1	Compensation of Grounded 3
3.2	Statements and Invoices 3
3.3	Goods and Services Tax 4
3.4	Audit 4
3.5	Right to Protest or Question Invoices 4
3.6 3.7	Limitations Period 4 Records 5
3.8	Records to be Confidential 5
ARTICLE 4 LIABILITY AND INDEMNIFICATION 5
4.1	No Liability 5
4.2	Indemnification 5
ARTICLE 5 TERM 5
5.1	Term 5
ARTICLE	6 NOTICES 6
6.1	Notices 6
	ARTICLE 7 MISCELLANEOUS 6
7.1	Governing Law 6
7.2	Words in Singular or Importing Gender 7
7.3	Headings for Reference Only 7
7.4	Further Assurances 7
7.5	Enurement 7

MANAGEMENT AGREEMENT

THIS AGREEMENT made as of the 15th day of January, 2024.

BETWEEN:

Denison Mines Corp, a body corporate incorporated under the laws of Ontario (hereinafter called "Denison")

and -

Grounded Lithium Corp, a body corporate incorporated under the laws of Alberta (hereinafter called "Grounded")

WHEREAS Denison and Grounded have entered into a Earn-in Option Agreement dated January 15, 2024 (the "Earn-in Agreement") to advance and develop the Kindersley Lithium Project (the "KLP") during the Earn-In Period (as such term is defined in the Earn-in Agreement);

AND WHEREAS Grounded holds 100% working interest in the KLP (as defined in the Earn-in Agreement) and, pursuant to the terms of the Earn-in Agreement, Denison has elected to be Operator of the KLP during the Earn-In Period;

AND WHEREAS Denison wishes to retain Grounded to provide certain management, administrative and operational services in connection with the day-to-day operations of the KLP (as defined in the Earn-in Agreement) (the "Assets") in accordance with the terms and conditions of this Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and of the respective covenants and agreements hereinafter contained, the parties agree as follows:

ARTICLE 1 APPOINTMENT

1.1 Appointment of Grounded

Denison hereby retains and appoints Grounded and Grounded hereby agrees, to manage the Assets on behalf of Denison in accordance with the terms and conditions of this Agreement.

1.2 Standard of Care

In performing duties and obligations under this Agreement Grounded shall act in good faith with a view to the best interests of Denison, and shall exercise the same degree of care and skill in managing the Assets as it does in respect of its own assets.

1.3 Relationship of Parties

This Agreement is not intended to be and shall not be treated as anything other than an agreement made by Denison and Grounded, as an independent contractor relating to the management and administration of the Assets with the respective rights, duties and obligations of the parties hereto being none other than those ascribed to them hereunder. Without limitation, this Agreement (and the relationship between Denison and Grounded provided for hereunder) is not a general partnership, limited partnership, joint venture, co-venture, agency or any other form of relationship outside of the terms of this Agreement.

ARTICLE 2 DUTIES AND OBLIGATIONS

2.1 Duties and Obligations of Grounded

Grounded shall, during the currency of this Agreement, provide Denison with such services as Denison requests from time to time with respect to the management of the Assets on behalf of Denison (the "Services"), and, without limiting the generality of the foregoing, Grounded shall upon request:

(a) provide or procure the personnel, equipment, materials and supervision required to carry out any or all management, administrative and operational activities and functions required for the requested tasks;
(b) receive and pay all invoices and other statements from vendors whose services directly relate to the KLP and provide Denison on a weekly basis a copy of such invoices and statements and a summary and detail of the Project Expenditures (as defined in the Earnin Agreement) included therein;
(c) receive and pay all invoices for or other correspondence with respect to royalties, rentals and similar payments required to preserve the Assets and all municipal and property taxes and similar charges levied in respect of the Assets, and prepare and file all returns and other documentation that may be required with respect to such taxes and charges;
(d) perform or cause to be performed for the account of Denison any of Denison's obligations, as Operator pursuant to the Earn-in Agreement, under all contracts, agreements, laws, orders, rules and regulations applicable to the Assets, and in connection therewith obtain and maintain in good standing all licences, permits, consents and other governmental approvals required in respect of the Assets and prepare and file with all relevant governmental authorities all reports required by law;
(e) to the extent the nature of Denison's interest in the Assets permits, maintain and operate the Assets in accordance with good industry practice;
(f) keep and maintain good and complete records pertaining to the Assets and the performance by Grounded of its duties hereunder, including but not limited to (i) detailed technical information, and (ii) detailed books of account and records that will properly reflect in accordance with generally accepted accounting principles consistently applied all transactions of Grounded in relation to the management of the Assets and the performance of its duties hereunder;
(g) keep Denison advised of all operations by submitting in writing to Denison, in months for which Services were provided: (i) weekly reports of operations during active field operations, (ii) monthly progress reports which include statements of expenditures and comparisons of such expenditures to the current program and budget; (iii) monthly summaries of data, gathered or otherwise obtained in the course of the Services, in accordance with generally accepted practices in the mining industry; and (iv) such other reports as Denison may reasonably request;
(h) report to, and attend, any meetings of any management committee established to oversee the operations of the Assets during the Earn-In Period;
(i) procure from experts and consultants such special computing, programming, engineering, design, legal, accounting and other professional services as may be necessary or desirable in managing, administering and operating the Assets;
(j) obtain and maintain on behalf of the parties adequate insurance coverage in respect of the Assets;
(k) assist and advise Denison with respect to borrowing, controller, treasury and other financial matters relating to the Assets; and
(l) promptly notify Denison of any material change in or development relating to the Assets.

For greater certainty, it is understood and agreed that Grounded shall only undertake and discharge those activities and functions that Denison from time to time requests be undertaken and discharged on its behalf, and Grounded shall not take, nor have authority to take, any other actions on behalf of Denison.

ARTICLE 3 COMPENSATION

3.1 Compensation of Grounded

For each month in which Grounded has provided the Services, Grounded shall invoice Denison the amount derived by taking the product of 5% and the Project Expenditures (as defined in the Earn-in Agreement) for which such Services were provided for that particular month. Where personnel, equipment or materials are provided by Grounded pursuant to Clause 2.1(a), Grounded shall invoice Denison, (i) for personnel, the actual hourly or daily rate of compensation of such personnel, including benefits, for the hours attributable to the Services, (ii) for equipment owned by Grounded and used in the provision of the Services, the average commercial rates currently prevailing in the vicinity of the Assets less 15%; and (iii) for materials, the actual charges or prices paid or payable by Grounded in providing the Services.

3.2 Statements, Invoices and Working Capital Loan

(a) For any payments made or to be made by Grounded on behalf of Denison with respect to Project Expenditures, in accordance with Clause 2.1(b) and 2.1(c), Grounded shall be directly responsible for making such payments when such payments are due and will invoice Denison for reimbursement of such amounts.
(b) To facilitate Grounded's timely payment of Project Expenditures, upon execution of this Agreement and in addition to any reimbursements invoiced by Grounded and paid by DML pursuant to Section 3.2(a), Denison shall advance to Grounded a working capital loan (the "WC Loan") in an initial principal amount of \$250,000. The WC Loan funds shall be deposited into one or more segregated bank accounts to be set up by Grounded to which all of the payments and receipts with respect to the KLP will be credited and from which all costs will be paid. On an as-needed basis, in reference to operations of the Assets during the Earn-In Period, Grounded and Denison may agree to additional advances under the WC Loan. The principal amount of the WC Loan then outstanding shall become immediately repayable by Grounded to Denison, without interest: (i) upon termination of this Agreement, or (ii) in the event that Grounded should become bankrupt or insolvent or

subject to applicable bankruptcy or insolvency legislation for the benefit of creditors or should Grounded go into liquidation either voluntarily or under an order of a court of competent jurisdiction or make a general assignment for the benefit of its creditors or otherwise acknowledge its insolvency.

(c) For compensation and reimbursements payable to Grounded in accordance with Clauses 3.1 and 3.2, Grounded shall invoice Denison on or before the last day of the month following the month for charges to account recorded during such calendar month and shall provide reasonable details and supporting documentation. Denison shall pay such invoices within 30 days of its receipt of same.
(d) Invoices outstanding after the period specified in Clause 3.2(c) and Clause 3.2(c) shall bear interest until paid at an annual rate of interest 2% above the annual rate announced from time to time by the Canadian Western Bank as its prime rate for Canadian dollar commercial loans.

3.3 Goods and Services Tax

The parties agree to file such elections under the Income Tax Act (Canada) and the Excise Tax Act (Canada) that they deem necessary, as mutually agreed to.

3.4 Audit

Denison shall have the right to audit and inspect Grounded's records and accounts covering costs hereunder on giving reasonable notice to Grounded.

3.5 Right to Protest or Question Invoices

Denison shall not be obliged to pay invoices submitted to it by Grounded pursuant to Clause 3.1 within the number of days specified therein if Denison has, within that specified period, notified Grounded that it questions or protests all or a portion of such invoice. Furthermore, Denison's payment of invoices submitted to it by Grounded pursuant to Clause 3.1 shall not prejudice Denison's right to protest or question Grounded's calculation of, or the inclusion of particular items in, Grounded's actual costs of managing the Assets as set out in such invoices; provided that written notice of such protest or question is given within the 24 month period following the delivery of the invoice in question. Upon Grounded's receipt of such written notice the parties shall meet and attempt to resolve the matter through consultation and negotiation in good faith. If the parties fail to resolve the matter within 30 days following Grounded's receipt of the aforementioned written notice, either Grounded or Denison may refer the matter to arbitration for resolution pursuant to the provisions of the Arbitration Act (Alberta). Appropriate adjustments will be reflected in Denison's account upon resolution of items protested or questioned. If Denison does not protest or question within the time limit, the invoice shall be deemed to be conclusively correct for all purposes.

3.6 Limitations Period

The two-year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 1996 c. L-15, as amended, for any claim (as defined in that Act) arising in connection with this Agreement is extended to:

(a) for claims disclosed by an audit, two years after the time this Agreement permitted that audit to be performed; or

(b) for all other claims, four years.

3.7 Records

Grounded shall maintain proper and complete books of account and other detailed records in accordance with generally accepted accounting principles so as to substantiate all costs incurred and credits received hereunder and otherwise maintain full accountability.

3.8 Records to be Confidential

All records, including reports, shall be treated as confidential and Grounded shall take or cause to be taken such reasonable precautions as may be necessary to prevent the disclosure thereof to any unauthorized person.

ARTICLE 4 LIABILITY AND INDEMNIFICATION

4.1 No Liability

Neither Grounded, nor its directors, officers, employees or consultants shall be liable, answerable or accountable to Denison for any loss or damage resulting from or relating to the provision of services hereunder, including, without limitation, any loss or damage arising from any exercise or refusal to exercise a discretion, any mistake or error of judgment or any act or omission believed to be within the scope of authority conferred by this Agreement, unless such loss or damage results from the willful misconduct or gross negligence of Grounded, its directors, officers, employees, consultants or other representatives. For the purposes of this Article 4 the reference to "consultants" includes individuals who personally or through their consulting company consult to Grounded to provide certain services, but for clarity excludes professional consultants, including third party engineering firms that would be professionally obliged or otherwise typically carry their own professional liability insurance such as Sproule Associated Limited, Grey Owl Engineering Ltd., Tundra Engineering Inc., Fracture Modelling Inc. and Codeco-Vanoco Engineering Inc.

4.2 Indemnification

Denison shall indemnify and save Grounded, its directors, officers, employees and consultants (except for those described as excluded in 4.1 above) harmless from and against all claims, liabilities, actions, proceedings, demands, costs and expenses whatsoever that may be asserted against them or that they may sustain or incur, in any way arising from or related in any manner to this Agreement or the provision of services hereunder, unless and to the extent the same are caused by the willful misconduct or gross negligence of the party in question. Where a loss is suffered or a liability is incurred by Denison by reason of Grounded's willful misconduct or gross negligence, Grounded shall indemnify Denison in respect of such loss or liability. In no circumstances shall any Party be liable to the other Party for any special or consequential damages.

ARTICLE 5 TERM

5.1 Term

This Agreement shall have initial term of two years from the date hereof and thereafter can be extended by the mutual agreement of the Parties upon 60 days written notice.

ARTICLE 6 NOTICES

6.1 Notices

Any notice or other writing required or permitted to be given to either party hereunder or for the purposes hereof (hereinafter in this clause called a "notice") shall be sufficiently given if delivered personally, or, if sent by prepaid registered mail or if transmitted by e-mail:

(a) in the case of a notice to Grounded at the following address:

500, 400 – 5th Ave SW Calgary AB T2P 0L6 E-mail: [Redacted : E-Mail Address] Attention: SVP Corp Development & CFO

(b) in the case of a notice to Denison at the following address:

345 4th Avenue South Saskatoon, SK S7K 1N3 E-mail: [Redacted : E-Mail Address] Attention: Vice President Technical Services & Project Evaluation

With a copy to:

1100 – 40 University Avenue Toronto, ON M5J 1T1 E-mail: [Redacted : E-Mail Address] Attention: President & CEO

or at such other address as the party to whom such notice is to be given shall have last notified to the party giving the same in the manner provided in this clause. Any notice personally delivered or delivered by email shall be deemed to have been given and received on the day it is so delivered, provided that if such day is not a business day then the notice shall be deemed to have been given and received on the business day next following such day. Any notice mailed shall be deemed to have been given and received on the fourth business day next following the date of its mailing.

ARTICLE 7 MISCELLANEOUS

7.1 Governing Law

This Agreement shall be construed and interpreted in accordance with the laws of the Province of Saskatchewan, and each of the parties submits to the exclusive jurisdiction of the courts of the Province of Saskatchewan and all courts of appeal therefrom.

7.2 Words in Singular or Importing Gender

Unless the context otherwise required, words importing the singular shall include the plural, words importing gender shall include masculine, feminine and neuter genders and words importing persons shall include firms and corporations and vice versa.

7.3 Headings for Reference Only

The division of this Agreement into articles and clauses and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation hereof.

7.4 Further Assurances

The parties agree that they and each of them will execute all further documents and do all further acts and things within their respective powers that may be advisable or necessary to carry out the terms and intent of this Agreement.

7.5 Enurement

This Agreement shall not be assignable by either party without the express written consent of the other party, but subject to such restriction this Agreement shall enure to the benefit of and be binding upon the parties and their respective successors and permitted assigns.

IN WITNESS WHEREOF the parties have executed this Agreement effective as of the date first above written.

Denison Mines Corp 1100 – 40 University Avenue Toronto, ON M5J 1T1

Per:

David Cates President & CEO

Grounded Lithium Corp 500, 400 – 5th Ave SW Calgary, AB T2P 0L6

Per:

R. Gregg Smith President & CEO

Per:

Greg Phaneuf SVP Corp Development & CFO

Schedule "D"

This is Schedule "D" attached to and forming part of Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

If DML elects to exercise and has satisfied the relevant conditions of Option 1, Option 2, or Option 3, the initial Participating Interests and Initial Contributions of the Parties pursuant to Section 5.1 of the Joint Venture Agreement shall be as follows:

If DML exercises Option 1:

Participant	Initial Participating Interest	Initial Contribution
DML	30%	CAD\$660,000
GRD	70%	CAD\$1,540,000

or;

If DML exercises Option 2:

Participant	Initial Participating Interest	Initial Contribution
DML	55%	CAD\$3,300,000
GRD	45%	CAD\$2,700,000

or;

If DML exercises Option 3:

Participant	Initial Participating Interest	Initial Contribution
DML	75%	CAD\$9,000,000
GRD	25%	CAD\$3,000,000

AI assistant

Grounded Lithium Corp. — M&A Activity 2024

43625_rns_2024-01-17_0defd766-d7f1-44f4-90ea-e1882a3ff2bd.pdf

1. Definitions:

2. Schedules:

3. Representations & Warranties:

4. Grant of Earn-In Option:

5. Earn-In Option and Earn-In Period:

GLC 25% Working Interest

6. Land Continuation Programs

7. Operatorship & Site Management

8. Addresses for Service:

9. Exclusivity:

10. Assignments, Dispositions & Encumbrances:

11. Area of Mutual Interest (or, AMI):

12. Government Grants and Assistance

13. Accounting and Reporting Procedures

14. Liability, Indemnity and Relationship of the Parties

15. Miscellaneous Provisions:

16. Counterpart Execution:

GROUNDED LITHIUM CORP.

Schedule "A"

This is Schedule "A" attached to and forming part of Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

Land Plat attached as Schedule "A" to the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

Appendix to Schedule "A" of the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp. that Outlines the Respective Lessor/Grantor Royalties and Other Royalties Encumbering the KLP Lands

A. Respective Lessor/Grantor Royalties Encumbering the Title Documents Governing the KLP Lands:

Appendix to Schedule "A" of the Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp. that Outlines the Respective Lessor/Grantor Royalties and Other Royalties Encumbering the KLP Lands

B. Other Royalties Encumbering the KLP Lands:

BRINE METALLIC AND INDUSTRIAL MINERALS WORK PERMIT

1. DEFINITIONS

2. INTERPRETATION AND GENERAL PROVISIONS

3. ENCUMBRANCES

4. ISSUANCE OF WORK PERMIT

5. INFORMATION

6. EXTENSION OF WORK PERMIT PERIOD - EXTENSION WELLS

7. EXTENSION OF WORK PERMIT PERIOD - EXTENSION PAYMENT

8. COMMENCEMENT OF COMMERCIAL OPERATIONS AND SELECTION OF GRANTED LANDS FOR LEASES

9. DEFAULT AND TERMINATION OF AGREEMENT

10. ASSIGNMENT

11. LIMITATIONS

12. ADDRESS FOR NOTICE

13. CONFLICTS

14. CONDUCTING WORK

15. INSURANCE

16. INDEMNITIES

17. CONFIDENTIALITY

18. CHANGE IN LAWS

19. MISCELLANEOUS

20. ENTIRE SUPERSEDING AGREEMENT

21. COUNTERPART EXECUTION

Schedule A to a Brine Metalic and Industrial Minerals Work Permit dated the 10th day of March, 2022 between PrairieSky Royalty Ltd. and Grounded Lithium Corp.

FEE LANDS

Brine Metallic and Industrial Minerals Lease Term Sheet

Brine Metallic and Industrial Minerals Lease Term Sheet

Brine Metallic and Industrial Minerals Lease Term Sheet

Brine Metallic and Industrial Minerals Lease Term Sheet

Schedule "B"

This is Schedule "B" attached to and forming part of Earn-In Agreement dated January 15, 2024 between Grounded Lithium Corp. and Denison Mines Corp.

The form of Joint Venture Agreement is attached here

KINDERSLEY JOINT VENTURE AGREEMENT

BETWEEN

AND

GROUNDED LITHIUM CORP.

KINDERSLEY JOINT VENTURE AGREEMENT

BETWEEN:

RECITALS

ARTICLE 1 INTERPRETATION

ARTICLE 2 REPRESENTATIONS AND WARRANTIES; TITLE

2.5 ENCUMBERING JOINT VENTURE PROPERTY.

ARTICLE 3 NAME, PURPOSES AND TERM

ARTICLE 4 RELATIONSHIP OF THE PARTICIPANTS

ARTICLE 5 INTERESTS OF PARTICIPANTS

5.1 INITIAL PARTICIPATING INTERESTS AND CONTRIBUTIONS. The Participants' initial Participating Interests and Initial Contributions will be as follows:

ARTICLE 6 MANAGEMENT COMMITTEE

6.4 DECISIONS REQUIRING SPECIAL APPROVAL.

ARTICLE 7 OPERATOR

ARTICLE 8 PROJECT AREAS & LAND CONTINUATION

ARTICLE 9 PLANS AND BUDGETS

ARTICLE 10 DEVELOPMENT DECISIONS

10.2 COMMISSIONING A FEASIBILITY STUDY.

Grounded Lithium Corp. M&A Activity 2024