Notes to the Consolidated Financial Statements (All tabular amounts stated in thousands of United States dollars unless otherwise indicated) The Company has an incentive stock option plan which governs the granting and exercise of stock options issued to directors, officers, employees and consultants of the Company. During the period, the following transactions took place: The outstanding stock options are exercisable at Cdn$0.25 per share and expire on May 21, 2003. Prior to com- pletion of the RTO Transaction the outstanding options were due to expire on June 27, 2002. As part of their compensation the agents to the Offering (Haywood Securities Inc., Loewen, Ondaatje, McCutcheon Limited and Canaccord Capital Corporation) were issued a total of 1,144,700 compensation options. Each compensation option entitles the holder to purchase one common share of the Company at a price of Cdn$0.25 until May 21, 2003. Related party transactions of Asquith Resources Inc. not included in the determination of the Company’s results of operations for the period are summarized below: The Company’s transactions with related parties included in the determination of results of operations for the period are summarized below: See notes 1, 3, 10(a), 10(b) and 10(d). (c)  Stock options (d) Compensation options (e) Effective February 9, 2001 the Company closed a private placement of 500,000 Units at Cdn$0.20 per Unit for total gross proceeds to the Company of Cdn$100,000. Each Unit consisted of one common share and one half of a common share purchase warrant. A full warrant plus Cdn$0.25 entitles the investor to purchase one common share of the Company until February 8, 2002. See note 10(a). 5. Related Parties Number of stock options 2001 2000 Outstanding, beginning of period 535,000 580,000 Exercised – (45,000) Outstanding, end of period 535,000 535,000 Balances Footnote 2001 2000 Due from SAMAX Services Limited (a) 137 244 Due from Adryx Mining & Metals Limited (b) – 20 Due from related parties 137 264 Due to Adryx Mining & Metals Limited (b) 22 – Due to M.D. Coulter & Associates Inc. (c) 12 32 Due to related parties 34 32 The Company’s balances with related parties as at the balance sheet dates are summarized below: Transactions Footnote 2001 2000 Administration expense (a) 129 221 Administration expense (c) 7 – Professional fees (d) 86 4 Professional fees (e) 4 – Transactions Footnote 2001 2000 Administration expense (c) 81 83 Professional fees (e) 192 5 Consulting expense (f) – 4 Consulting expense (g) – 5 19