K A P U S K A S ING G O L D C O RP NO T E S T O T HE FIN A N CI A L S T A T E M E NT S F O R T HE Q U A RT E R E ND E D A UG U S T 31 2 01 4 E xpre ss ed in Can ad ian d o lla r s 4 A P P LIC A T IO N O F N E W A ND R E V I S E D INT E RN A T IO NA L F I NA N CIA L R E P O R T ING S T A NDARD S c on ti nu ed New s tan da r ds n ot y et ad o pte d T he Com pa n y i s c urr en tl y as s es s i ng w h eth er or no t t he ad op t i o n of the f ol l o wi n g s tan d ards w i l l ha v e a m ate r i al ef f ec t o n t h e Co m pa n y s f utu r e f i n an c i a l s ta tem en ts IFR S 9 F i n an c i a l I ns tr um e nts In No v em be r 20 09 the IA S B p ub l i s he d IFR S 9 F i na nc i a l Ins tr u m en ts whi c h c o v ers th e c l as s i f i c ati on an d m ea s urem en t of f i na nc i al as s ets as pa r t of i ts proj ec t t o r ep l ac e IA S 39 F i na nc i a l Ins tr um en ts Rec og n i ti on a nd M ea s urem en t In O c to be r 20 10 the r eq u i r em en ts f or c l as s i f y i n g a nd m ea s urin g f i na nc i al l i ab i l i ti e s wer e ad d ed t o IFR S 9 Unde r t hi s gu i da nc e e nti t i es ha v e t he op t i on to r ec og ni z e f i na nc i a l l i ab i l i ti e s at f ai r v al ue throu gh ea r n i ng s If thi s op ti o n i s el ec t e d en ti ti es w o ul d b e r eq ui r e d to r e v ers e the p ort i on of the f ai r v a l u e c ha ng e du e to th ei r o wn c r ed i t r i s k ou t of ea r ni ng s an d r ec og ni z e the c ha n ge i n ot he r c om prehen s i v e i nc om e IFR S 9 i s ef f ec ti v e on J a nu ar y 1 20 18 E ar l y ad op ti o n i s pe r m i tte d a nd t he s tan da r d i s r eq u i r ed to b e a p pl i ed r etros pe c t i v el y IA S 32 F i na nc i a l In s tr um en ts P r es e nta t i o n T he IA S B am en de d I A S 3 2 F i n an c i al Ins tr um en ts P r es en t ati on t o c l ar i f y c ert ai n as pe c ts b ec au s e of di v ers i t y i n ap pl i c ati on of th e re qu i r em en ts on of f s ett i ng f oc us ed on f ou r m ai n a r ea s the m ea ni n g o f c urr en tl y h as a l eg a l l y e nf orc ea bl e ri g ht of s et of f the a pp l i c at i on of s i m ul tan e ou s r ea l i z at i on an d s ett l em en t the of f s ett i ng of c ol l a tera l a m ou nts a nd the u ni t of ac c ou nt f or ap pl y i n g t he of f s ett i ng r eq u i r em en ts T he am en de d s tan d ard i s e ff ec ti v e f or an nu a l p erio ds be g i nn i ng on or af ter J an u a r y 1 20 1 4 5 E X P LO R A T IO N A ND E V A LUA T IO N A S S E T S A c qu i s i ti on E x pl or ati on Im pa i r m en t A ug 31 20 1 4 Ma y 31 20 1 4 B orde n No r t h 111 66 0 8 6 58 1 2 0 31 8 116 94 0 B orde n S ou t h 27 5 50 27 5 50 27 5 50 G ol de n Ro ute 79 2 0 79 2 0 79 2 0 Chap l ea u 41 9 80 41 9 80 41 9 80 Rol l o 15 0 10 0 33 7 8 15 3 478 15 0 10 0 S c he w a bi k 28 3 68 28 3 68 28 3 68 T o t al 367 5 78 12 036 37 9 61 4 372 85 8