Three months ended March 31,

2002

2001

CASH PROVIDED FROM (USED FOR):

OPERATING ACTIVITIES:

         Loss for the period

$

(50)

$

(112)

         Items not involving cash:

            Write-down of resource properties

-

52

            Gain on sale of marketable securities

(8)

(3)

            Non-controlling interest

(1)

(22)

            Amortization

1

2

            Stock-based compensation

5

-

         Changes in non-cash operating working capital:

            Due to/from related parties

(5)

(6)

            Receivables

77

17

            Accounts payable and accrued liabilities

(3)

(40)

16

(112)

INVESTING ACTIVITIES

         Proceeds from sale of marketable securities

57

15

         Purchase of marketable securities

(10)

-

         Resource properties, net of recoveries

(5)

56

         Purchase of capital assets

(1)

-

41

71

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

57

(41)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD

70

98

CASH AND CASH EQUIVALENTS, END OF PERIOD

$

127

$

57