Frequently Asked Questions

Q. How do I contact Treasury Metals Transfer Agent?
A. Equity Transfer and Trust Company
Attn. Investor Relations Dept.
Suite 400, 200 University Ave., Toronto, ON, M5H 4H1
Tel: 416 361-0152 Fax: 416 361-0470
Email investor@equitytransfer.com

Q. Who is Treasury Metals' Legal Council?
A. Irwin Professional Corporation
130 King St. W. Suite 2700
Toronto, ON, Canada

Q. What is the CUSIP of Treasury Metals?
A. 894647106

Q. How many shares are issued and outstanding?
A. There are 31,881,044 shares issued and outstanding.

Q. Who are the main shareholders of Treasury Metals?
A. The largest shareholders are as follows:
Laramide Resources: 14.99 %
Corona Gold: 13.14 %
Teck Resources: 2.27 %
Insiders: 7.57
Treasury Metals has a large shareholder base with more than 16,000 who benefited from a Return of Capital provided to Laramide Resources shareholders.

The following Questions pertain to Laramide shareholders who now hold Treasury Metals shares.

Q. What is the record date and payment date for the Return of Capital to Laramide Shareholders?
A. The record date and payment date were both August 21, 2008. Shareholders of record August 21 were eligible to receive the distribution as of the close of business August 21. In practical terms, this means that August 22, 2008 became the date when the Transfer Agent commenced the process of distributing the shares, but share certificates will reflect August 21 as the effective date.

Q. When will Laramide investors receive their certificates of Treasury Metals?
A. This depends on how each investor holds his or her shares. For shareholders receiving registered shares (evidenced by ownership of share certificates), the transfer agent expects to mail certificates by Tuesday August 26. For shareholders holding non-registered shares in their brokerage accounts, the timeframe will depend on how quickly the brokerage processes the entries. For US and International shareholders, physical certificates are being delivered to the various brokerage houses, who will then allot the shares to individual accounts. If shareholders are finding delays in processing, please contact your broker or call Treasury Metals and we will attempt to help you.

Q. How many shares of Treasury Metals will each Laramide shareholder receive?
A. The ratio is 3.8:1 meaning you will receive one Treasury Metals share for each 3.8 Laramide share you own. All fractions will be rounded down to the nearest whole number. For example, if you own 2000 shares Laramide, you will receive (2000/3.8 = 526.3 ) 526 shares of Treasury Metals

Q. Are there any trading restrictions on the shares distributed to Laramide Shareholders?
A. All the shares are freely trading, as the prospectus qualifies their issuance.

Q. What is my cost basis for the new Treasury Metals shares if received as part of the Return of Capital (“ROC”)?
A. Your cost of Treasury Metals shares will be the price at the close August 21, 2008 of $1.40. This is the adjusted cost base for any shareholder who purchased August 21, 2008. Like any shareholder who purchased August 21, 2008, you will have a taxable event when you dispose of your shares by selling them, and your adjusted cost base for tax purposes will be $1.40. If you are a Treasury Metals shareholder who received your shares by way of the ROC, then your adjusted cost base for Laramide should be decreased by the amount of the ROC. In other words, if you paid $3.00 per share for your shares of Laramide when you originally purchased, then your new adjusted cost base will be decreased by ($1.40/3.8) or 36.8 cents per share, for a new adjusted cost base of $2.63 per Laramide share.If the adjusted cost base becomes negative by virtue of this reduction, the negative amount is deemed to be an immediate capital gain in 2008 for Canadian taxpayers, with the cost base then becoming zero.

Q. Are US shareholders and international shareholders of LAM entitled to the dividend, and how will it be taxed?
A. Yes, Canadian, US and international shareholders are all entitled to the Return of Capital, with the tax treatment as described above. The Return of Capital will not trigger any withholding tax as a distribution, but will impact the adjusted cost base for Laramide shares as described above.

Page last updated April 7, 2010