Terms for Silver Streams

Cozamin Mine - Capstone Mining Corp

Cost: fixed at US$4.00 per ounce for the next 10 years
Annual production: 1.3 to 1.5 million ounces of payable silver in copper, zinc and lead concentrates
Period: 100% of silver produced for the next 10 years (2007-2017)

Minto Mine - Capstone Mining Corp

Cost: fixed at US$3.90 per ounce of silver and US$300 per ounce of gold (subject to a 1% inflationary adjustment after 3 years and each year thereafter)
Annual production: 300,000 ounces of payable silver and 30,000 ounces of payable gold for 2009
Period: 100% of life-of-mine

Kutcho Project - Capstone Mining Corp

Neves-Corvo Mine - Lundin Mining

Cost: fixed of US$3.90 per ounce (an inflation adjustment starts in year four).
Annual production: 0.5 million ounces of payable silver in copper concentrate. Additional silver will be added through a silver-lead concentrate from current zinc ore processing at the beginning of 2009.
Period: 100% of the life-of-mine. Estimated mine life exceeds 15 years; excellent exploration potential.

Aljustrel Mine - Lundin Mining

Cost: fixed of US$3.90 per ounce (an inflation adjustment starts in year four).
Annual production: 1.2 million ounces of payable silver in 2009 in lead concentrates.
Period: 100% of the life-of-mine silver production. Estimated mine life exceeds 10 years.

Navidad Project – Aquiline Resources Inc. - Convertible Debenture

The right to purchase 12.5% of the life of mine of payable silver from Loma de la Plata zone with a minimum of one million ounces of silver per year or common shares of Aquiline at a conversion price of C$12.00 per common share.
Cost: fixed of US$4.00 per ounce of silver and the prevailing market price per ounce of silver on the London Metal Exchange at the time production is delivered.
Resources: Indicated: 9.1 million tonnes at 225 g/t Ag & 0.09% Pb or 66 million contained silver ounces. Inferred: 17.3 million tonnes at 159 g/t Ag & 0.11% Pb or 89 million contained silver ounces.
Right of first offer with respect to the sale of any additional future silver production streams by Aquiline.