Page 9 Contd from pg 08 Sudbury Br anch 9 0 Red Deer Lake Road North W ahnapit ae Ont ario P0M 3C0 T 7 0 56 9 459 59 up gold production for the remainder of the fscal year The elevate d levels of capital spending are now lar gely behind us so capital and exploration spending will fall by approximately 30 million dollars this year com pared to the previous fscal year The overall mine Expansion Project budget to complete the infrastructure upgrades required to reach capacity of 2200 tons per day is 95 million of which 893 million had been spent by the end of July 2013 The process ing plant upgrade represents by far the lar gest remaining segment of unspent project capital Project spending in some noncritical path Mine Expansion Project areas such as the processing plant upgrade has been delayed where practicable to match progress on the critical path el ements of the project and to preserve cash The company s gold sales guidance for fscal year 2014 remains to sell between 150000 180000 ounces of gold This projection assumes a grad ual increase in ore tonnages in fscal 2014 as additional ore production ca pacity comes on line throughout the mine Ore grade is expected to fuctuate Contd on pg 10 893 million had been spent by the end of July 2013