CORPORATION MINIÈRE AFCAN



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2000 CORPORATION MINIÈRE AFCAN Rapport intérimaire Interim Report 29 février 2000 February 29, 2000

Bilan Balance sheet Au 29 février As at February 29 Actif Actif à court terme Assets Current assets 47,775 $ 49,154 $ Placements temporaires 431,500 106,500 Short-terms investments Comptes débiteurs 28,109 17,999 Accounts receivable 507,384 173,653 Actifs miniers 2,166,800 2,029,047 Mining assets 2,674,184 $ 2,202,700 $ Passif Liabilities Passif à court terme Current liabilities Comptes créditeurs et Accounts payable and frais courus 28,247 $ 113,434 $ accrued liabilities Avoir des actionnaires Shareholders' Equity Capital-actions 5,040,459 4,390,959 Share capital Déficit (2,394,522) (2,301,693) Deficit 2,645,937 2,089,266 2,674,184 $ 2,202,700 $

État des résultats et du deficit Statement of loss and deficit Revenus d'intérêts 5,363 4,537 Interest income Frais d'administration 40,401 78,000 Administrative expenses Perte nette Net loss de la période (35,038) (73,463) for the period Déficit au début de la Deficit at beginning of période (2,334,143) (2,228,230) period Frais d'émission d'actions (25,341) - Share issue expenses Déficit à la fin de Deficit at end of la période (2,394,522) $ (2,301,693) $ period Perte nette par action (0.002) $ (0.005) $ Net loss per share

État des flux de trésorerie Statement of cash flows Flux de trésorerie provenant des (affectés aux) Cash provided by (used in) Activités d'exploitation Operating activities Perte nette de la période (35,038) $ (73,463) $ Net loss for the period Éléments sans incidence sur Change in non-cash items les liquidités Comptes débiteurs (9,534) (7,084) Accounts receivable Comptes créditeurs (123,940) 91,699 Accounts payable (168,512) 11,152 Activités de financement Financing activities Émission de capital-actions 649,500 - Issue of share capital Frais d'émission d'actions (25,341) - Share issue expenses 624,159 - Activités d'investissement Investing activities Acquisition de placements temporaires (370,575) - Acquisition of short-term investments Produit de disposition de placements temporaires - 143,175 Proceed on sale of short-term investments Augmentation des actifs miniers (67,017) (105,173) Addition to mining assets (437,592) 38,002 Variation des espècs et quasi-espèces Change in cash and cash equivalents au cours de la période 18,055 49,154 during the period au début de la période 29,720 - at beginning of period à la fin de la période 47,775 $ 49,154 $ at end of period

État des résultats et du deficit Statement of loss and deficit (3 mois) (3 mois) (3 months) (3 months) Revenus d'intérêts 5,363 4,537 Interest income Frais d'administration 15,538 69,590 Administrative expenses Perte nette Net loss de la période (10,175) (65,053) for the period Déficit au début de la Deficit at beginning of période (2,361,756) (2,236,640) period Frais d'émission d'actions (22,591) - Share issue expenses Déficit à la fin de Deficit at end of la période (2,394,522) $ (2,301,693) $ period Perte nette par action (0.001) $ (0.004) $ Net loss per share

État des flux de trésorerie Statement of cash flows (3 mois) (3 mois) (3 months) (3 months) Flux de trésorerie provenant des (affectés aux) Cash provided by (used in) Activités d'exploitation Operating activities Perte nette de la période (10,175) $ (65,053) $ Net loss for the period Éléments sans incidence sur Change in non-cash items les liquidités Comptes débiteurs (11,365) (8,849) Accounts receivable Comptes créditeurs (89,745) 94,033 Accounts payable (111,285) 20,131 Activités de financement Financing activities Émission de capital-actions 499,500 - Issue of share capital Frais d'émission d'actions (22,591) - Share issue expenses 476,909 - Activités d'investissement Investing activities Acquisition de placements temporaires (397,000) - Acquisition of short-term investments Produit de disposition de placements temporaires - 99,922 Proceed on sale of short-term investments Augmentation des actifs miniers (31,087) (81,194) Addition to mining assets (428,087) 18,728 Variation des espècs et quasi-espèces Change in cash and cash equivalents au cours de la période (62,463) 38,859 during the period au début de la période 110,238 10,295 at beginning of period à la fin de la période 47,775 $ 49,154 $ at end of period