C au tio n ar y No te R eg ar d in g F o r war d L o o k in g S tatem en ts Th is p r es en tatio n c o n tain s s tatem en ts wh ic h c o n s titu te f o r war d lo o k in g s tatem en ts in c lu d in g s tatem en ts r eg ar d in g th e p lan s in ten tio n s b elief s an d c u r r en t exp ec tatio n s o f th e C o m p an y with r es p ec t to th e f u tu r e b u s in es s ac tiv ities an d o p er atin g p er f o r m an c e o f th e C o m p an y Th e wo r d s m ay wo u ld c o u ld s h o u ld will in ten d p lan an tic ip ate b eliev e es tim ate exp ec t an d s im ilar exp r es s io n s as th ey r elate to th e C o m p an y ar e in ten d ed to id en tif y s u c h f o r war d lo o k in g s tatem en ts F o r war d lo o k in g s tatem en ts u s ed in th is P r es s R eleas e in c lu d e b u t m ay n o t b e lim ited to s tatem en ts r eg ar d in g th e C o m p an y s p r o d u c tio n c ap ac ity an d its exp lo r atio n p r o g r am I n v es to r s ar e c au tio n ed th at f o r war d lo o k in g s tatem en ts ar e b as ed o n th e o p in io n s as s u m p tio n s an d es tim ates o f m an ag em en t c o n s id er ed r eas o n ab le at th e d ate th e s tatem en ts ar e m ad e s u c h as with o u t lim itatio n o p in io n as s u m p tio n s an d es tim ates o f m an ag em en t r eg ar d in g th e C o m p an y s b u s in es s its ab ility to in c r eas e its p r o d u c tio n c ap ac ity an d d ec r eas e its p r o d u c tio n c o s t S u c h o p in io n s as s u m p tio n s an d es tim ates ar e in h er en tly s u b jec t to a v ar iety o f r is k s an d u n c er tain ties an d o th er k n o wn an d u n k n o wn f ac to r s th at c o u ld c au s e ac tu al ev en ts o r r es u lts to d if f er m ater ially f r o m th o s e p r o jec ted in th e f o r war d lo o k in g s tatem en ts Th es e f ac to r s in c lu d e th e C o m p an y s exp ec tatio n s in c o n n ec tio n with th e p r o jec ts an d exp lo r atio n p r o g r am s b ein g m et th e im p ac t o f g en er al b u s in es s an d ec o n o m ic c o n d itio n s g lo b al liq u id ity an d c r ed it av ailab ility o n th e tim in g o f c as h f lo ws an d th e v alu es o f as s ets an d liab ilities b as ed o n p r o jec ted f u tu r e c o n d itio n s f lu c tu atin g g o ld p r ic es c u r r en c y exc h an g e r ates s u c h as th e C an ad ian d o llar v er s u s th e U n ited S tates Do llar p o s s ib le v ar iatio n s in o r e g r ad e o r r ec o v er y r ates c h an g es in ac c o u n tin g p o lic ies c h an g es in th e C o m p an y s c o r p o r ate m in er al r es o u r c es c h an g es in p r o jec t p ar am eter s as p lan s c o n tin u e to b e r ef in ed c h an g es in p r o jec t d ev elo p m en t c o n s tr u c tio n p r o d u c tio n an d c o m m is s io n in g tim e f r am es r is k s r elated to jo in t v en tu r e o p er atio n s th e p o s s ib ility o f p r o jec t c o s t o v er r u n s o r u n an tic ip ated c o s ts an d exp en s es h ig h er p r ic es f o r f u el p o wer lab o u r an d o th er c o n s u m ab les c o n tr ib u tin g to h ig h er c o s ts an d g en er al r is k s o f th e m in in g in d u s tr y f ailu r e o f p lan t eq u ip m en t o r p r o c es s es to o p er ate as an tic ip ated u n exp ec ted c h an g es in m in e lif e s eas o n ality an d u n an tic ip ated weath er c h an g es c o s ts an d tim in g o f th e d ev elo p m en t o f n ew d ep o s its s u c c es s o f exp lo r atio n ac tiv ities p er m ittin g tim e lin es g o v er n m en t r eg u latio n o f m in in g o p er atio n s en v ir o n m en tal r is k s u n an tic ip ated r ec lam atio n exp en s es title d is p u tes o r c laim s an d lim itatio n s o n in s u r an c e as well as th o s e r is k f ac to r s d is c u s s ed o r r ef er r ed to in th e C o m p an y s an n u al Man ag em en t s Dis c u s s io n an d A n aly s is an d A n n u al I n f o r m atio n F o r m f o r th e y ear en d ed A p r il 30 2013 an d th e C o m p an y s Man ag em en t s Dis c u s s io n an d A n aly s is f o r th e in ter im p er io d en d ed J an u ar y 31 2014 f iled with th e s ec u r ities r eg u lato r y au th o r ities in c er tain p r o v in c es o f C an ad a an d av ailab le at wwws ed ar c o m S h o u ld o n e o r m o r e o f th es e r is k s o r u n c er tain ties m ater ialize o r s h o u ld as s u m p tio n s u n d er ly in g th e f o r war d lo o k in g s tatem en ts p r o v e in c o r r ec t ac tu al r es u lts m ay v ar y m ater ially f r o m th o s e d es c r ib ed h er ein as in ten d ed p lan n ed an tic ip ated b eliev ed es tim ated o r exp ec ted A lth o u g h th e C o m p an y h as attem p ted to id en tif y im p o r tan t r is k s u n c er tain ties an d f ac to r s wh ic h c o u ld c au s e ac tu al r es u lts to d if f er m ater ially th er e m ay b e o th er s th at c au s e r es u lts n o t to b e as an tic ip ated es tim ated o r in ten d ed Th e C o m p an y d o es n o t in ten d an d d o es n o t as s u m e an y o b lig atio n to u p d ate th es e f o r war d lo o k in g s tatem en ts exc ep t as o th er wis e r eq u ir ed b y ap p lic ab le law 2 T SX A I M K G I 2