EX-99.1 2 exhibit99-1.htm EXPLORATION AGREEMENT AND OPTION TO LEASE NovaCopper Inc.: Exhibit 99.1 - Filed by newsfilecorp.com



































Schedule 1

Bornite Lands

Those twenty-five patented mining claims incorporated within U.S. Mineral Surveys 2233 and 2234 located in the State of Alaska within Sections 4, 5, 8 and 9, Township 19 North, Range 9 East, Kateel River Meridian aggregating approximately 516.5 acres more or less.

Schedule 2

ANCSA Lands

Those lands now or hereafter either conveyed to or nominated for conveyance by NANA Regional Corporation under the terms of the Alaska Native Claims Settlement Act and located within:

Township 18 North, Ranges 8, 9, 10 and 11 East
Township 19 North, Ranges 8, 9, 10 and 11 East
Township 20 North, Ranges 7, 9, 10, and 11 East
Township 21 North, Range 6 East
all Kateel River Meridian

and all located within the State of Alaska.

Schedule 3

Ambler Lands

See Attached

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R. Sec. Qtr.
Owner: NovaCopper US Inc., Alaska State Claims
Meridian: Kateel River
540543 Arctic 40A State Granted 8/29/90 11/30/11 2 ac Kotzebue 21N 11E 35 SW
540544 Arctic 496A State Granted 8/29/90 11/30/11 2 ac Kotzebue 21N 11E 34 SE
540545 Arctic 1001 State Granted 7/16/84 11/30/11 8 ac Kotzebue 21N 11E 34 SE
540546 Arctic 1002 State Granted 7/16/84 11/30/11 8 ac Kotzebue 21N 11E 34 SE & SW
540549 Arctic 1005 State Granted 9/2/90 11/30/11 6 ac Kotzebue 21N 11E 35 SW
546162 Arctic 3 State TA 7/16/95 11/30/11 17 ac Kotzebue 21N 11E 35 SW & NW
546144 SC 24 State Granted 6/29/95 11/30/11 40 ac Kotzebue 21N 10E 16 SW & SE
546145 SC 25 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 16 SW, SE, NW & NE
546146 SC 26 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 16 NW & NE
546147 SC 34 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 16 SE
546148 SC 35 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 16 SE & NE
546149 SC 36 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 16 NE
546150 SC 44 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 15; 16 SW; SE
546151 SC 45 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 15; 16 SW & NW; SE & NE
546152 SC 46 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 15; 16 NW; NE
546153 SC 54 State Granted 6/29/95 11/30/11 40 ac Kotzebue 21N 10E 15 SW
546154 SC 55 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 15 SW & NW
546155 SC 56 State Granted 6/29/95 11/30/11 40 ac Kotzebue 21N 10E 15 NW
546156 SC 64 State Granted 6/29/95 11/30/11 40 ac Kotzebue 21N 10E 15 SW & SE
546157 SC 65 State Granted 6/28/95 11/30/11 40 ac Kotzebue 21N 10E 15 SW, SE, NW & NE
546158 SC 66 State Granted 6/29/95 11/30/11 40 ac Kotzebue 21N 10E 15 NW & NE
590853 AM 63 165 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 9E 14 NW
590854 AM 63 166 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 14 NW
590855 AM 63 167 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 14 NE
590856 AM 63 168 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 14 NE
590857 AM 63 169 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 13 NW
590858 AM 63 170 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 13 NW
590859 AM 63 171 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 13 NE
590860 AM 63 172 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 9E 13 NE
590874 AM 64 165 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 9E 14 NW
590875 AM 64 166 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 14 NW
590876 AM 64 167 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 14 NE
590877 AM 64 168 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 14 NE
590878 AM 64 169 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 13 NW
590879 AM 64 170 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 13 NW
590880 AM 64 171 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 13 NE
590881 AM 64 172 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 13 NE
590895 AM 65 165 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 9E 11 SW
590896 AM 65 166 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 11 SW
590897 AM 65 167 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 11 SE
590898 AM 65 168 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 11 SE
590899 AM 65 169 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 SW
590900 AM 65 170 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 SW
590901 AM 65 171 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 SE
590902 AM 65 172 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 SE
590916 AM 66 165 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 9E 11 SW

Ambler 1

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec.  Qtr.
590917 AM 66 166 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 11 SW
590918 AM 66 167 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 11 SE
590919 AM 66 168 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 11 SE
590920 AM 66 169 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 12 SW
590921 AM 66 170 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 12 SW
590922 AM 66 171 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 12 SE
590923 AM 66 172 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 9E 12 SE
590940 AM 67 165 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 9E 11 NW
590941 AM 67 166 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 11 NW
590942 AM 67 167 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 11 NE
590943 AM 67 168 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 11 NE
590944 AM 67 169 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 NW
590945 AM 67 170 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 NW
590946 AM 67 171 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 NE
590947 AM 67 172 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 9E 12 NE
590998 AM 56 186 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 27 NW
590999 AM 56 187 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 27 NE
591000 AM 56 188 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 27 NE
591001 AM 56 189 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 26 NW
591002 AM 56 190 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 26 NW
591003 AM 56 191 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 26 NE
591004 AM 56 192 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 26 NE
591005 AM 56 193 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 25 NW
591006 AM 56 194 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 25 NW
591007 AM 56 195 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 25 NE
591008 AM 57 176 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 19 SE
591009 AM 57 177 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SW
591010 AM 57 178 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SW
591011 AM 57 179 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SE
591012 AM 57 180 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SE
591013 AM 57 181 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SW
591014 AM 57 182 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SW
591015 AM 57 183 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SE
591016 AM 57 184 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SE
591017 AM 57 185 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 22 SW
591018 AM 57 186 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 22 SW
591019 AM 57 187 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 22 SE
591020 AM 57 188 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 22 SE
591021 AM 57 189 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 23 SW
591022 AM 57 190 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 23 SW
591023 AM 57 191 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 23 SE
591024 AM 57 192 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 23 SE
591025 AM 57 193 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 24 SW
591026 AM 57 194 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 24 SW
591027 AM 57 195 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 24 SE
591028 AM 58 176 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 19 SE
591029 AM 58 177 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SW
591030 AM 58 178 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SW

Ambler 2

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591031 AM 58 179 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SE
591032 AM 58 180 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 SE
591033 AM 58 181 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SW
591034 AM 58 182 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SW
591035 AM 58 183 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SE
591036 AM 58 184 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 SE
591037 AM 58 185 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 22 SW
591038 AM 58 186 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 SW
591039 AM 58 187 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 SE
591040 AM 58 188 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 22 SE
591041 AM 58 189 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 SW
591042 AM 58 190 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 SW
591043 AM 58 191 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 SE
591044 AM 58 192 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 SE
591045 AM 58 193 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 SW
591046 AM 58 194 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 SW
591047 AM 59 176 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 19 NE
591048 AM 59 177 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 NW
591049 AM 59 178 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 NW
591050 AM 59 179 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 NE
591051 AM 59 180 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 20 NE
591052 AM 59 181 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 NW
591053 AM 59 182 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 NW
591054 AM 59 183 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 NE
591055 AM 59 184 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 21 NE
591056 AM 59 185 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 22 NW
591057 AM 59 186 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 NW
591058 AM 59 187 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 NE
591059 AM 59 188 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 22 NE
591060 AM 59 189 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NW
591061 AM 59 190 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NW
591062 AM 59 191 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NE
591063 AM 59 192 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NE
591064 AM 59 193 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NW
591065 AM 60 176 State Granted      9/19/97 11/30/11 40 ac Kotzebue 21N 10E 19 NE
591066 AM 60 177 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 20 NW
591067 AM 60 178 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 20 NW
591068 AM 60 179 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 20 NE
591069 AM 60 180 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 20 NE
591070 AM 60 181 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 21 NW
591071 AM 60 182 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 21 NW
591072 AM 60 183 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 21 NE
591073 AM 60 184 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 21 NE
591074 AM 60 185 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 NW
591075 AM 60 186 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 NW
591076 AM 60 187 State Granted      9/10/97 11/30/11 40 ac Kotzebue 21N 10E 22 NE
591077 AM 60 188 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 22 NE
591078 AM 60 189 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NW

Ambler 3

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591079 AM 60 190 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NW
591080 AM 60 191 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NE
591081 AM 60 192 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 23 NE
591082 AM 60 193 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NW
591083 AM 61 176 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 18 SE
591084 AM 61 177 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SW
591085 AM 61 178 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SW
591086 AM 61 179 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SE
591087 AM 61 180 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SE
591088 AM 61 181 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 SW
591089 AM 61 182 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 SW
591090 AM 61 183 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 SE
591091 AM 61 184 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 SE
591092 AM 61 185 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 15 SW
591093 AM 61 186 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 15 SW
591094 AM 61 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 SE
591095 AM 61 188 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 15 SE
591096 AM 61 189 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 14 SW
591097 AM 61 190 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 14 SW
591098 AM 61 191 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 14 SE
591099 AM 61 192 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 14 SE
591100 AM 61 193 State TA 7/18/06 11/30/11 40 ac Kotzebue 21N 10E 13 SW
591101 AM 62 176 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 10E 18 SE
591102 AM 62 177 State Granted 9/9/97 11/30/11 40 ac Kotzebue 21N 10E 17 SW
591103 AM 62 178 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SW
591104 AM 62 179 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SE
591105 AM 62 180 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 SE
591106 AM 62 181 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 SW
591107 AM 62 182 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 SW
591108 AM 62 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 SE
591109 AM 62 188 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 SE
591110 AM 62 189 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 SW
591111 AM 62 190 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 SW
591112 AM 62 191 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 SE
591113 AM 62 192 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 SE
591114 AM 62 193 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 13 SW
591115 AM 63 173 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 18 NW
591116 AM 63 174 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 18 NW
591117 AM 63 175 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 18 NE
591118 AM 63 176 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 18 NE
591119 AM 63 177 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 17 NW
591120 AM 63 178 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 17 NW
591121 AM 63 179 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 17 NE
591122 AM 63 180 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 17 NE
591123 AM 63 181 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 16 NW
591124 AM 63 182 State Granted 9/5/97 11/30/11 40 ac Kotzebue 21N 10E 16 NW
591125 AM 63 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 NE
591126 AM 63 188 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 NE

Ambler 4

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date Expiry Date   Area Recording District T. R.   Sec. Qtr.
591127 AM 63 189 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NW
591128 AM 63 190 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NW
591129 AM 63 191 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NE
591130 AM 63 192 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NE
591131 AM 63 193 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 13 NW
591132 AM 64 173 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 18 NW
591133 AM 64 174 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 18 NW
591134 AM 64 175 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 18 NE
591135 AM 64 176 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 18 NE
591136 AM 64 177 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 NW
591137 AM 64 178 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 NW
591138 AM 64 179 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 NE
591139 AM 64 180 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 17 NE
591140 AM 64 181 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 NW
591141 AM 64 182 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 NW
591142 AM 64 183 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 NE
591143 AM 64 184 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 16 NE
591144 AM 64 185 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 15 NW
591145 AM 64 186 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 15 NW
591146 AM 64 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 NE
591147 AM 64 188 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 15 NE
591148 AM 64 189 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NW
591149 AM 64 190 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NW
591150 AM 64 191 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NE
591151 AM 64 192 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 14 NE
591152 AM 64 193 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 13 NW
591153 AM 65 173 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 SW
591154 AM 65 174 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 SW
591155 AM 65 175 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 SE
591156 AM 65 176 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 SE
591157 AM 65 177 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 SW
591158 AM 65 178 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 SW
591159 AM 65 179 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 SE
591160 AM 65 180 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 SE
591161 AM 65 181 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 SW
591162 AM 65 182 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 SW
591163 AM 65 183 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 SE
591164 AM 65 184 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 SE
591165 AM 65 185 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 10 SW
591166 AM 65 186 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 10 SW
591167 AM 65 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 10 SE
591168 AM 65 188 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 10 SE
591169 AM 65 189 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SW
591170 AM 65 190 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SW
591171 AM 65 191 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SE
591172 AM 65 192 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SE
591173 AM 65 193 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 12 SW
591174 AM 66 173 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 7 SW

Ambler 5

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591175 AM 66 174 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 7 SW
591176 AM 66 175 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 7 SE
591177 AM 66 176 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 7 SE
591178 AM 66 177 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 8 SW
591179 AM 66 178 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 8 SW
591180 AM 66 179 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 8 SE
591181 AM 66 180 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 8 SE
591182 AM 66 181 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 9 SW
591183 AM 66 182 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 9 SW
591184 AM 66 183 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 9 SE
591185 AM 66 184 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 9 SE
591186 AM 66 185 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 10 SW
591187 AM 66 186 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 10 SW
591188 AM 66 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 10 SE
591189 AM 66 188 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 10 SE
591190 AM 66 189 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SW
591191 AM 66 190 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SW
591192 AM 66 191 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SE
591193 AM 66 192 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 SE
591194 AM 66 193 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 12 SW
591195 AM 67 173 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 NW
591196 AM 67 174 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 NW
591197 AM 67 175 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 NE
591198 AM 67 176 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 7 NE
591199 AM 67 177 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 NW
591200 AM 67 178 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 NW
591201 AM 67 179 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 NE
591202 AM 67 180 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 8 NE
591203 AM 67 181 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 NW
591204 AM 67 182 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 NW
591205 AM 67 183 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 NE
591206 AM 67 184 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 9 NE
591207 AM 67 185 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 10 NW
591208 AM 67 186 State Granted 9/6/97 11/30/11 40 ac Kotzebue 21N 10E 10 NW
591209 AM 67 187 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 10 NE
591210 AM 67 188 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 10 NE
591211 AM 67 189 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 NW
591212 AM 67 190 State Granted 9/10/97 11/30/11 40 ac Kotzebue 21N 10E 11 NW
591213 AM 67 191 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 11 NE
591214 AM 67 192 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 11 NE
591215 AM 67 193 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 12 NW
591216 AM 67 194 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 12 NW
591217 AM 67 195 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 12 NE
591218 AM 67 196 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 10E 12 NE
591219 AM 49 206 State Granted 9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 SW
591220 AM 49 207 State Granted 9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 SE
591221 AM 49 208 State Granted 9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 SE
591222 AM 49 209 State TA 9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 SW

Ambler 6

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591223 AM 49 210 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 SW
591224 AM 49 214 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SW
591225 AM 49 215 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SE
591226 AM 49 216 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SE
591227 AM 49 217 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SW
591228 AM 49 218 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SW
591229 AM 49 219 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SE
591230 AM 49 220 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SE
591231 AM 50 206 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 SW
591232 AM 50 207 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 SE
591233 AM 50 208 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 SE
591234 AM 50 209 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 SW
591235 AM 50 210 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 SW
591236 AM 50 211 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 SE
591237 AM 50 213 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SW
591238 AM 50 214 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SW
591239 AM 50 215 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SE
591240 AM 50 216 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 SE
591241 AM 50 217 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SW
591242 AM 50 218 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SW
591243 AM 50 219 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SE
591244 AM 50 220 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 SE
591245 AM 51 206 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 NW
591246 AM 51 207 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 NE
591247 AM 51 208 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 NE
591248 AM 51 209 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NW
591249 AM 51 210 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NW
591250 AM 51 211 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NE
591251 AM 51 212 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NE
591252 AM 51 213 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NW
591253 AM 51 214 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NW
591254 AM 51 215 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NE
591255 AM 51 216 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NE
591256 AM 51 217 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NW
591257 AM 51 218 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NW
591258 AM 51 219 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NE
591259 AM 51 220 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NE
591260 AM 52 206 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 NW
591261 AM 52 207 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 NE
591262 AM 52 208 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 33 NE
591263 AM 52 209 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NW
591264 AM 52 210 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NW
591265 AM 52 211 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NE
591266 AM 52 212 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 34 NE
591267 AM 52 213 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NW
591268 AM 52 214 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NW
591269 AM 52 215 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NE
591270 AM 52 216 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 35 NE

Ambler 7

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591271 AM 52 217 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NW
591272 AM 52 218 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NW
591273 AM 52 219 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NE
591274 AM 52 220 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 36 NE
591275 AM 53 206 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 28 SW
591276 AM 53 207 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 28 SE
591277 AM 53 208 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 28 SE
591278 AM 53 209 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SW
591279 AM 53 210 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SW
591280 AM 53 211 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SE
591281 AM 53 212 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SE
591282 AM 53 213 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SW
591283 AM 53 214 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SW
591284 AM 53 215 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SE
591285 AM 53 216 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SE
591286 AM 53 217 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SW
591287 AM 53 218 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SW
591288 AM 53 219 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SE
591289 AM 53 220 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SE
591290 AM 54 206 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 28 SW
591291 AM 54 207 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 28 SE
591292 AM 54 208 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 28 SE
591293 AM 54 209 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SW
591294 AM 54 210 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SW
591295 AM 54 211 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SE
591296 AM 54 212 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 27 SE
591297 AM 54 213 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SW
591298 AM 54 214 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SW
591299 AM 54 215 State TA      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SE
591300 AM 54 216 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 26 SE
591301 AM 54 217 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SW
591302 AM 54 218 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SW
591303 AM 54 219 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SE
591304 AM 54 220 State Granted      9/7/97 11/30/11 40 ac Kotzebue 21N 11E 25 SE
591305 AM 55 206 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 28 NW
591306 AM 55 207 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 28 NE
591307 AM 55 208 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 28 NE
591308 AM 55 209 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NW
591309 AM 55 210 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NW
591310 AM 55 211 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NE
591311 AM 55 212 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NE
591312 AM 55 213 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NW
591313 AM 55 214 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NW
591314 AM 55 215 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NE
591315 AM 55 216 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NE
591316 AM 55 217 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NW
591317 AM 55 218 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NW
591318 AM 55 219 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NE

Ambler 8

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591319 AM 55 220 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NE
591320 AM 56 206 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 28 NW
591321 AM 56 207 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 28 NE
591322 AM 56 208 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 28 NE
591323 AM 56 209 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NW
591324 AM 56 210 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NW
591325 AM 56 211 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NE
591326 AM 56 212 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 27 NE
591327 AM 56 213 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NW
591328 AM 56 214 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NW
591329 AM 56 215 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NE
591330 AM 56 216 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 26 NE
591331 AM 56 217 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NW
591332 AM 56 218 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NW
591333 AM 56 219 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NE
591334 AM 56 220 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 25 NE
591335 AM 57 206 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 SW
591336 AM 57 207 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 SE
591337 AM 57 208 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 SE
591338 AM 57 209 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SW
591339 AM 57 210 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SW
591340 AM 57 211 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SE
591341 AM 57 212 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SE
591342 AM 57 213 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SW
591343 AM 57 214 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SW
591344 AM 57 215 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SE
591345 AM 57 216 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SE
591346 AM 57 217 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SW
591347 AM 57 218 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SW
591348 AM 57 219 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SE
591349 AM 57 220 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SE
591350 AM 58 206 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 SW
591351 AM 58 207 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 SE
591352 AM 58 208 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 SE
591353 AM 58 209 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SW
591354 AM 58 210 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SW
591355 AM 58 211 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SE
591356 AM 58 212 State TA      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 SE
591357 AM 58 213 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SW
591358 AM 58 214 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SW
591359 AM 58 215 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SE
591360 AM 58 216 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 23 SE
591361 AM 58 217 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SW
591362 AM 58 218 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SW
591363 AM 58 219 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SE
591364 AM 58 220 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 24 SE
591365 AM 59 202 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 20 NW
591366 AM 59 203 State Granted      9/8/97 11/30/11 40 ac Kotzebue 21N 11E 20 NE

Ambler 9

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591367 AM 59 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 20 NE
591368 AM 59 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NW
591369 AM 59 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NW
591370 AM 59 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NE
591371 AM 59 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NE
591372 AM 59 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NW
591373 AM 59 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NW
591374 AM 59 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NE
591375 AM 59 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NE
591376 AM 59 213 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NW
591377 AM 59 214 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NW
591378 AM 59 215 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NE
591379 AM 59 216 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NE
591380 AM 59 217 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 24 NW
591381 AM 59 218 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 24 NW
591382 AM 60 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 20 NW
591383 AM 60 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 20 NE
591384 AM 60 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 20 NE
591385 AM 60 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NW
591386 AM 60 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NW
591387 AM 60 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NE
591388 AM 60 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 21 NE
591389 AM 60 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NW
591390 AM 60 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NW
591391 AM 60 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NE
591392 AM 60 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 22 NE
591393 AM 60 213 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NW
591394 AM 60 214 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NW
591395 AM 60 215 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NE
591396 AM 60 216 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 23 NE
591397 AM 60 217 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 24 NW
591398 AM 60 218 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 24 NW
591399 AM 61 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 SW
591400 AM 61 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 SE
591401 AM 61 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 SE
591402 AM 61 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SW
591403 AM 61 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SW
591404 AM 61 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SE
591405 AM 61 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SE
591406 AM 61 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SW
591407 AM 61 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SW
591408 AM 61 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SE
591409 AM 61 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SE
591410 AM 61 213 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SW
591411 AM 61 214 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SW
591412 AM 61 215 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SE
591413 AM 61 216 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SE
591414 AM 61 217 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 13 SW

Ambler 10

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.   Sec. Qtr.
591415 AM 61 218 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 13 SW
591416 AM 62 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 SW
591417 AM 62 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 SE
591418 AM 62 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 SE
591419 AM 62 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SW
591420 AM 62 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SW
591421 AM 62 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SE
591422 AM 62 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 SE
591423 AM 62 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SW
591424 AM 62 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SW
591425 AM 62 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SE
591426 AM 62 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 SE
591427 AM 62 213 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SW
591428 AM 62 214 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SW
591429 AM 62 215 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SE
591430 AM 62 216 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 14 SE
591431 AM 62 217 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 13 SW
591432 AM 62 218 State Granted 9/19/97 11/30/11 40 ac Kotzebue 21N 11E 13 SW
591433 AM 63 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 NW
591434 AM 63 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 NE
591435 AM 63 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 NE
591436 AM 63 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NW
591437 AM 63 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NW
591438 AM 63 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NE
591439 AM 63 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NE
591440 AM 63 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NW
591441 AM 63 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NW
591442 AM 63 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NE
591443 AM 63 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NE
591444 AM 64 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 NW
591445 AM 64 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 NE
591446 AM 64 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 17 NE
591447 AM 64 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NW
591448 AM 64 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NW
591449 AM 64 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NE
591450 AM 64 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 16 NE
591451 AM 64 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NW
591452 AM 64 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NW
591453 AM 64 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NE
591454 AM 64 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 15 NE
591455 AM 65 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 SW
591456 AM 65 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 SE
591457 AM 65 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 SE
591458 AM 65 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SW
591459 AM 65 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SW
591460 AM 65 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SE
591461 AM 65 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SE
591462 AM 65 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SW

Ambler 11

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date Expiry Date   Area Recording District T. R.  Sec. Qtr.
591463 AM 65 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SW
591464 AM 65 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SE
591465 AM 65 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SE
591466 AM 66 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 SW
591467 AM 66 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 SE
591468 AM 66 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 SE
591469 AM 66 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SW
591470 AM 66 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SW
591471 AM 66 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SE
591472 AM 66 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 SE
591473 AM 66 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SW
591474 AM 66 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SW
591475 AM 66 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SE
591476 AM 66 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 SE
591477 AM 67 197 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 7 NW
591478 AM 67 198 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 7 NW
591479 AM 67 199 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 7 NE
591480 AM 67 200 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 7 NE
591481 AM 67 201 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 NW
591482 AM 67 202 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 NW
591483 AM 67 203 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 NE
591484 AM 67 204 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 8 NE
591485 AM 67 205 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 NW
591486 AM 67 206 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 NW
591487 AM 67 207 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 NE
591488 AM 67 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 NE
591489 AM 67 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NW
591490 AM 67 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NW
591491 AM 67 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NE
591492 AM 67 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NE
591493 AM 68 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 9 NE
591494 AM 68 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NW
591495 AM 68 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NW
591496 AM 68 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NE
591497 AM 68 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 10 NE
591498 AM 69 208 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 4 SE
591499 AM 69 209 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 3 SW
591500 AM 69 210 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 3 SW
591501 AM 69 211 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 3 SE
591502 AM 69 212 State Granted 9/8/97 11/30/11 40 ac Kotzebue 21N 11E 3 SE
591503 AM 49 221 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SW
591504 AM 49 222 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SW
591505 AM 49 223 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SE
591506 AM 49 224 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SE
591507 AM 49 225 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SW
591508 AM 49 226 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SW
591509 AM 49 227 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SE
591510 AM 49 228 State Granted 9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SE

Ambler 12

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591511 AM 49 229 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 SW
591512 AM 49 230 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 SW
591513 AM 50 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SW
591514 AM 50 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SW
591515 AM 50 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SE
591516 AM 50 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 SE
591517 AM 50 225 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SW
591518 AM 50 226 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SW
591519 AM 50 227 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SE
591520 AM 50 228 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 SE
591521 AM 50 229 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 SW
591522 AM 50 230 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 SW
591523 AM 51 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NW
591524 AM 51 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NW
591525 AM 51 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NE
591526 AM 51 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NE
591527 AM 51 225 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NW
591528 AM 51 226 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NW
591529 AM 51 227 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NE
591530 AM 51 228 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NE
591531 AM 51 229 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 NW
591532 AM 51 230 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 NW
591533 AM 52 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NW
591534 AM 52 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NW
591535 AM 52 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NE
591536 AM 52 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 31 NE
591537 AM 52 225 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NW
591538 AM 52 226 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NW
591539 AM 52 227 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NE
591540 AM 52 228 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 32 NE
591541 AM 52 229 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 NW
591542 AM 52 230 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 33 NW
591543 AM 53 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SW
591544 AM 53 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SW
591545 AM 53 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SE
591546 AM 53 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SE
591547 AM 54 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SW
591548 AM 54 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SW
591549 AM 54 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SE
591550 AM 54 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 SE
591551 AM 55 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NW
591552 AM 55 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NW
591553 AM 55 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NE
591554 AM 55 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NE
591555 AM 56 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NW
591556 AM 56 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NW
591557 AM 56 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NE
591558 AM 56 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 21N 12E 30 NE

Ambler 13

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591575 AM 37 226 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 SW
591576 AM 37 227 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 SE
591577 AM 37 228 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 SE
591578 AM 37 229 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 SW
591579 AM 37 230 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 SW
591590 AM 38 226 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 SW
591591 AM 38 227 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 SE
591592 AM 38 228 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 SE
591593 AM 38 229 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 SW
591594 AM 38 230 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 SW
591605 AM 39 226 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 NW
591606 AM 39 227 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 NE
591607 AM 39 228 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 NE
591608 AM 39 229 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 NW
591609 AM 39 230 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 NW
591620 AM 40 226 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 NW
591621 AM 40 227 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 NE
591622 AM 40 228 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 16 NE
591623 AM 40 229 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 NW
591624 AM 40 230 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 15 NW
591635 AM 41 225 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 9 SW
591636 AM 41 226 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 9 SW
591637 AM 41 227 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 9 SE
591638 AM 41 228 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 9 SE
591639 AM 41 229 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 10 SW
591640 AM 41 230 State Granted 9/7/97 11/30/11 40 ac Kotzebue 20N 12E 10 SW
591648 AM 42 223 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 SE
591649 AM 42 224 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 SE
591650 AM 42 225 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 SW
591651 AM 42 226 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 SW
591652 AM 42 227 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 SE
591653 AM 42 228 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 SE
591654 AM 42 229 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 10 SW
591655 AM 42 230 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 10 SW
591661 AM 43 221 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NW
591662 AM 43 222 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NW
591663 AM 43 223 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NE
591664 AM 43 224 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NE
591665 AM 43 225 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NW
591666 AM 43 226 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NW
591667 AM 43 227 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NE
591668 AM 43 228 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NE
591669 AM 43 229 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 10 NW
591670 AM 43 230 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 10 NW
591676 AM 44 219 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 7 NE
591677 AM 44 220 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 7 NE
591678 AM 44 221 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NW
591679 AM 44 222 State Granted 9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NW

Ambler 14

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591680 AM 44 223 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NE
591681 AM 44 224 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 8 NE
591682 AM 44 225 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NW
591683 AM 44 226 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NW
591684 AM 44 227 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NE
591685 AM 44 228 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 9 NE
591686 AM 44 229 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 10 NW
591687 AM 44 230 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 10 NW
591693 AM 45 217 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SW
591694 AM 45 218 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SW
591695 AM 45 219 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SE
591696 AM 45 220 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SE
591697 AM 45 221 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SW
591698 AM 45 222 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SW
591699 AM 45 223 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SE
591700 AM 45 224 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SE
591701 AM 45 225 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SW
591702 AM 45 226 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SW
591703 AM 45 227 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SE
591704 AM 45 228 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SE
591705 AM 45 229 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 3 SW
591706 AM 45 230 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 3 SW
591712 AM 46 217 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SW
591713 AM 46 218 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SW
591714 AM 46 219 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SE
591715 AM 46 220 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 SE
591716 AM 46 221 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SW
591717 AM 46 222 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SW
591718 AM 46 223 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SE
591719 AM 46 224 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 5 SE
591720 AM 46 225 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SW
591721 AM 46 226 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SW
591722 AM 46 227 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SE
591723 AM 46 228 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 4 SE
591724 AM 46 229 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 3 SW
591725 AM 46 230 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 3 SW
591731 AM 47 217 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NW
591732 AM 47 218 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NW
591733 AM 47 219 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NE
591734 AM 47 220 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NE
591735 AM 47 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NW
591736 AM 47 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NW
591737 AM 47 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NE
591738 AM 47 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NE
591739 AM 47 225 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NW
591740 AM 47 226 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NW
591741 AM 47 227 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NE
591742 AM 47 228 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NE

Ambler 15

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
591743 AM 47 229 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 3 NW
591744 AM 47 230 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 3 NW
591745 AM 48 217 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NW
591746 AM 48 218 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NW
591747 AM 48 219 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NE
591748 AM 48 220 State Granted      9/11/97 11/30/11 40 ac Kotzebue 20N 12E 6 NE
591749 AM 48 221 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NW
591750 AM 48 222 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NW
591751 AM 48 223 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NE
591752 AM 48 224 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 5 NE
591753 AM 48 225 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NW
591754 AM 48 226 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NW
591755 AM 48 227 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NE
591756 AM 48 228 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 4 NE
591757 AM 48 229 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 3 NW
591758 AM 48 230 State Granted      9/18/97 11/30/11 40 ac Kotzebue 20N 12E 3 NW
634110 EDC 1 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 12 SW
634111 EDC 2 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 12 SE
634112 EDC 3 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 12 SE
634113 EDC 4 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SW
634114 EDC 5 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SW
634115 EDC 6 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SE
634116 EDC 7 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SE
634117 EDC 8 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 8 SW
634118 EDC 9 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 12 SW
634119 EDC 10 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 12 SE
634120 EDC 11 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 12 SE
634121 EDC 12 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SW
634122 EDC 13 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SW
634123 EDC 14 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SE
634124 EDC 15 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 7 SE
634125 EDC 16 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 8 SW
634126 EDC 17 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 13 NW
634127 EDC 18 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 13 NE
634128 EDC 19 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 13 NE
634129 EDC 20 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NW
634130 EDC 21 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NW
634131 EDC 22 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NE
634132 EDC 23 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NE
634133 EDC 24 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 17 NW
634134 EDC 25 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 13 NW
634135 EDC 26 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 13 NE
634136 EDC 27 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 10E 13 NE
634137 EDC 28 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NW
634138 EDC 29 State Granted      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NW
634139 EDC 30 State TA      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NE
634140 EDC 31 State TA      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 18 NE
634141 EDC 32 State TA      4/26/00 11/30/11 40 ac Kotzebue 21N 11E 17 NW

Ambler 16

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
634142 EDC 33 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 10E 13 SW
634143 EDC 34 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 10E 13 SE
634144 EDC 35 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 10E 13 SE
634145 EDC 36 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SW
634146 EDC 37 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SW
634147 EDC 38 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SE
634148 EDC 39 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SE
634149 EDC 40 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 17 SW
634150 EDC 41 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 13 SW
634151 EDC 42 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 13 SE
634152 EDC 43 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 13 SE
634153 EDC 44 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SW
634154 EDC 45 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SW
634155 EDC 46 State TA      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SE
634156 EDC 47 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 18 SE
634157 EDC 48 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 17 SW
634158 EDC 49 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NW
634159 EDC 50 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NE
634160 EDC 51 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NE
634161 EDC 52 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NW
634162 EDC 53 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NW
634163 EDC 54 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NE
634164 EDC 55 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NE
634165 EDC 56 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 20 NW
634166 EDC 57 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NW
634167 EDC 58 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NE
634168 EDC 59 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 NE
634169 EDC 60 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NW
634170 EDC 61 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NW
634171 EDC 62 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NE
634172 EDC 63 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 19 NE
634173 EDC 64 State Granted      4/27/00 11/30/11 40 ac Kotzebue 21N 11E 20 NW
634174 EDC 65 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 SE
634175 EDC 66 State TA      7/18/06 11/30/11 40 ac Kotzebue 21N 10E 24 SE
634176 EDC 67 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SW
634177 EDC 68 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SW
634178 EDC 69 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SE
634179 EDC 70 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SE
634180 EDC 71 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SW
634181 EDC 72 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SW
634182 EDC 73 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SE
634183 EDC 74 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SE
634184 EDC 75 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 21 SW
634185 EDC 76 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 10E 24 SE
634186 EDC 77 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SW
634187 EDC 78 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SW
634188 EDC 79 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SE
634189 EDC 80 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 19 SE

Ambler 17

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
634190 EDC 81 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SW
634191 EDC 82 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SW
634192 EDC 83 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SE
634193 EDC 84 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 20 SE
634194 EDC 85 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 21 SW
634195 EDC 86 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 10E 25 NE
634196 EDC 87 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 30 NW
634197 EDC 88 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 30 NW
634198 EDC 89 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 30 NE
634199 EDC 90 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 30 NE
634200 EDC 91 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 29 NW
634201 EDC 92 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 29 NW
634202 EDC 93 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 29 NE
634203 EDC 94 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 29 NE
634204 EDC 95 State Granted      4/28/00 11/30/11 40 ac Kotzebue 21N 11E 28 NW
650291 HOSS 01 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 18 NW
650292 HOSS 02 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 18 NE
650293 HOSS 03 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 17 NW
650294 HOSS 04 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 17 NE
650295 HOSS 05 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 16 NW
650296 HOSS 06 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 16 NE
650297 HOSS 07 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 15 NW
650298 HOSS 08 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 18 SW
650299 HOSS 09 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 18 SE
650300 HOSS 10 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 17 SW
650301 HOSS 11 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 17 SE
650302 HOSS 12 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 16 SW
650303 HOSS 13 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 16 SE
650304 HOSS 14 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 15 SW
650305 HOSS 15 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 19 NW
650306 HOSS 16 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 19 NE
650307 HOSS 17 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 20 NW
650308 HOSS 18 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 20 NE
650309 HOSS 19 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 21 NW
650310 HOSS 20 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 21 NE
650311 HOSS 21 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 22 NW
650312 HOSS 22 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 19 SW
650313 HOSS 23 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 19 SE
650314 HOSS 24 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 20 SW
650315 HOSS 25 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 20 SE
650316 HOSS 26 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 21 SW
650317 HOSS 27 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 21 SE
650318 HOSS 28 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 22 SW
650319 HOSS 29 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 30 NW
650320 HOSS 30 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 30 NE
650321 HOSS 31 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 29 NW
650322 HOSS 32 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 29 NE
650323 HOSS 33 State Granted      7/13/05 11/30/11 160 ac Kotzebue 22N 10E 28 NW

Ambler 18

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec.  Qtr.
650324 HOSS 34 State Granted 7/13/05 11/30/11 160 ac Kotzebue 22N 10E 28 NE
650325 HOSS 35 State Granted 7/13/05 11/30/11 160 ac Kotzebue 22N 10E 27 NW
651299 GAP 1 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 28 NW
651300 GAP 2 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 28 NE
651301 GAP 3 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 27 NW
651302 GAP 4 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 27 NE
651303 GAP 5 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 26 NW
651304 GAP 6 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 26 NE
651305 GAP 7 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 25 NW
651306 GAP 8 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 25 NE
651307 GAP 9 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 30 NW
651308 GAP 10 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 30 NE
651309 GAP 11 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 29 NW
651310 GAP 12 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 28 SW
651311 GAP 13 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 28 SE
651312 GAP 14 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 27 SW
651313 GAP 15 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 27 SE
651314 GAP 16 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 26 SW
651315 GAP 17 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 26 SE
651316 GAP 18 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 25 SW
651317 GAP 19 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 25 SE
651318 GAP 20 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 30 SW
651319 GAP 21 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 30 SE
651320 GAP 22 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 29 SW
651321 GAP 23 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 29 SE
651322 GAP 24 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 28 SW
651323 GAP 25 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 28 SE
651324 GAP 26 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 27 SW
651325 GAP 27 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 34 NE
651326 GAP 28 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 35 NW
651327 GAP 29 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 35 NE
651328 GAP 30 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 36 NW
651329 GAP 31 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 36 NE
651330 GAP 32 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 31 NW
651331 GAP 33 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 31 NE
651332 GAP 34 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 32 NW
651333 GAP 35 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 32 NE
651334 GAP 36 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 33 NW
651335 GAP 37 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 33 NE
651336 GAP 38 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 34 NW
651337 GAP 39 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 34 NE
651338 GAP 40 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 35 NW
651339 GAP 41 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 35 NE
651340 GAP 42 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 36 NW
651341 GAP 43 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 36 NE
651342 GAP 44 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 31 NW
651343 GAP 45 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 31 NE
651344 GAP 46 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 32 NW

Ambler 19

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
651345 GAP 47 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 32 NE
651346 GAP 48 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 33 NW
651347 GAP 49 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 33 NE
651348 GAP 50 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 34 NW
651349 GAP 51 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 30 SW
651350 GAP 52 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 30 SE
651351 GAP 53 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 29 SW
651352 GAP 54 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 29 SE
651353 GAP 55 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 28 SW
651354 GAP 56 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 28 SE
651355 GAP 57 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 27 SW
651356 GAP 58 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 34 SE
651357 GAP 59 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 35 SW
651358 GAP 60 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 35 SE
651359 GAP 61 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 36 SW
651360 GAP 62 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 8E 36 SE
651361 GAP 63 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 31 SW
651362 GAP 64 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 31 SE
651363 GAP 65 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 32 SW
651364 GAP 66 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 32 SE
651365 GAP 67 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 33 SW
651366 GAP 68 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 33 SE
651367 GAP 69 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 34 SW
651368 GAP 70 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 34 SE
651369 GAP 71 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 35 SW
651370 GAP 72 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 35 SE
651371 GAP 73 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 36 SW
651372 GAP 74 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 9E 36 SE
651373 GAP 75 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 31 SW
651374 GAP 76 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 31 SE
651375 GAP 77 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 32 SW
651376 GAP 78 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 32 SE
651377 GAP 79 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 33 SW
651378 GAP 80 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 33 SE
651379 GAP 81 State Granted 9/27/05 11/30/11 160 ac Kotzebue 22N 10E 34 SW
651380 GAP 82 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 3 NE
651381 GAP 83 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 2 NW
651382 GAP 84 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 2 NE
651383 GAP 85 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 1 NW
651384 GAP 86 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 1 NE
651385 GAP 87 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 6 NW
651386 GAP 88 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 6 NE
651387 GAP 89 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 2 NW
651388 GAP 90 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 2 NE
651389 GAP 91 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 1 NW
651390 GAP 92 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 1 NE
651391 GAP 93 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 6 NW
651392 GAP 94 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 6 NE

Ambler 20

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
651393 GAP 95 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 5 NW
651394 GAP 96 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 5 NE
651395 GAP 97 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 4 NW
651396 GAP 98 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 4 NE
651397 GAP 99 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 3 NW
651398 GAP 100 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 2 SW
651399 GAP 101 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 2 SE
651400 GAP 102 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 1 SW
651401 GAP 103 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 1 SE
651402 GAP 104 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 6 SW
651403 GAP 105 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 6 SE
651404 GAP 106 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 5 SW
651405 GAP 107 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 5 SE
651406 GAP 108 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 4 SW
651407 GAP 109 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 4 SE
651408 GAP 110 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 3 SW
651409 GAP 111 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 3 SE
651410 GAP 112 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 2 SW
651411 GAP 113 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 10E 2 SE
651412 GAP 114 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 11 NW
651413 GAP 115 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 11 NW
651414 GAP 116 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 11 NE
651415 GAP 117 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 11 NE
651416 GAP 118 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 12 NW
651417 GAP 119 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 12 NW
651418 GAP 120 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 12 NE
651419 GAP 121 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 9E 12 NE
651420 GAP 122 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 7 NW
651421 GAP 123 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 7 NW
651422 GAP 124 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 7 NE
651423 GAP 125 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 7 NE
651424 GAP 126 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 8 NW
651425 GAP 127 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 8 NW
651426 GAP 128 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 8 NE
651427 GAP 129 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 8 NE
651428 GAP 130 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 9 NW
651429 GAP 131 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 9 NW
651430 GAP 132 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 9 NE
651431 GAP 133 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 9 NE
651432 GAP 134 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 10 NW
651433 GAP 135 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 10 NW
651434 GAP 136 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 10 NE
651435 GAP 137 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 10 NE
651436 GAP 138 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 11 NW
651437 GAP 139 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 11 NW
651438 GAP 140 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 11 NE
651439 GAP 141 State Granted 9/27/05 11/30/11 40 ac Kotzebue 21N 10E 11 NE
651440 GAP 142 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 5 NW

Ambler 21

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
651441 GAP 143 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 5 NE
651442 GAP 144 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 4 NW
651443 GAP 145 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 4 NE
651444 GAP 146 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 3 NW
651445 GAP 147 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 3 NE
651446 GAP 148 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 3 SE
651447 GAP 149 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 2 SW
651448 GAP 150 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 2 SE
651449 GAP 151 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 1 SW
651450 GAP 152 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 1 SE
651451 GAP 153 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 6 SW
651452 GAP 154 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 6 SE
651453 GAP 155 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 5 SW
651454 GAP 156 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 5 SE
651455 GAP 157 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 4 SW
651456 GAP 158 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 4 SE
651457 GAP 159 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 3 SW
651458 GAP 160 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 3 SE
651459 GAP 161 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 10 NE
651460 GAP 162 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 11 NW
651461 GAP 163 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 11 NE
651462 GAP 164 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 12 NW
651463 GAP 165 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 12 NE
651464 GAP 166 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 7 NW
651465 GAP 167 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 7 NE
651466 GAP 168 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 8 NW
651467 GAP 169 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 8 NE
651468 GAP 170 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 9 NW
651469 GAP 171 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 9 NE
651470 GAP 172 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 10 NW
651471 GAP 173 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 10 NE
651472 GAP 174 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 10 SE
651473 GAP 175 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 11 SW
651474 GAP 176 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 11 SE
651475 GAP 177 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 12 SW
651476 GAP 178 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 12 SE
651477 GAP 179 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 7 SW
651478 GAP 180 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 7 SE
651479 GAP 181 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 8 SW
651480 GAP 182 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 8 SE
651481 GAP 183 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 9 SW
651482 GAP 184 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 9 SE
651483 GAP 185 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 10 SW
651484 GAP 186 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 9E 10 SE
651485 GAP 187 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 15 NE
651486 GAP 188 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 14 NW
651487 GAP 189 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 14 NE
651488 GAP 190 State Granted 9/27/05 11/30/11 160 ac Kotzebue 21N 8E 13 NW

Ambler 22

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.   Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec.  Qtr.
651489 GAP 191 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 8E 13 NE
651490 GAP 192 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 18 NW
651491 GAP 193 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 18 NE
651492 GAP 194 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 17 NW
651493 GAP 195 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 17 NE
651494 GAP 196 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 16 NW
651495 GAP 197 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 16 NE
651496 GAP 198 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 15 NW
651497 GAP 199 State Granted      9/27/05 11/30/11 160 ac Kotzebue 21N 9E 15 NE
651270 PAL 1 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 10E 25 NE
651271 PAL 2 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 10E 25 NE
651272 PAL 3 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 30 NW
651273 PAL 4 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 30 NW
651274 PAL 5 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 30 NE
651275 PAL 6 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 30 NE
651276 PAL 7 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 29 NW
651277 PAL 8 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 29 NW
651278 PAL 9 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 29 NE
651279 PAL 10 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 29 NE
651280 PAL 11 State Granted      9/26/05 11/30/11 40 ac Kotzebue 21N 11E 28 NW
651289 PAL 20 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 10E 25 SE
651290 PAL 21 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 30 SW
651291 PAL 22 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 30 SE
651292 PAL 23 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 29 SW
651293 PAL 24 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 29 SE
651294 PAL 25 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 28 SW
651296 PAL 27 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 32 NE
651297 PAL 28 State Granted      9/26/05 11/30/11 160 ac Kotzebue 21N 11E 33 NW
651152 ZED 1 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 10 NE
651153 ZED 2 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 11 NW
651154 ZED 3 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 11 NE
651155 ZED 4 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 10 SE
651156 ZED 5 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 11 SW
651157 ZED 6 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 11 SE
651158 ZED 7 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 12 SW
651159 ZED 8 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 12 SE
651160 ZED 9 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 15 NE
651161 ZED 10 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 14 NW
651162 ZED 11 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 14 NE
651163 ZED 12 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 13 NW
651164 ZED 13 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 13 NE
651165 ZED 14 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 18 NW
651166 ZED 15 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 18 NE
651167 ZED 16 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 17 NW
651168 ZED 17 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 17 NE
651169 ZED 18 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 16 NW
651170 ZED 19 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 16 NE
651171 ZED 20 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 15 NW

Ambler 23

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
651172 ZED 21 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 15 NE
651173 ZED 22 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 15 SE
651174 ZED 23 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 14 SW
651175 ZED 24 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 14 SE
651176 ZED 25 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 13 SW
651177 ZED 26 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 13 SE
651178 ZED 27 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 18 SW
651179 ZED 28 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 18 SE
651180 ZED 29 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 17 SW
651181 ZED 30 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 17 SE
651182 ZED 31 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 16 SW
651183 ZED 32 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 16 SE
651184 ZED 33 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 15 SW
651185 ZED 34 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 15 SE
651186 ZED 35 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 12E 24 NE
651187 ZED 36 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 19 NW
651188 ZED 37 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 19 NE
651189 ZED 38 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 20 NW
651190 ZED 39 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 20 NE
651191 ZED 40 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 21 NW
651192 ZED 41 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 21 NE
651193 ZED 42 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 22 NW
651194 ZED 43 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 22 NE
651195 ZED 44 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 19 SE
651196 ZED 45 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 20 SW
651197 ZED 46 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 20 SE
651198 ZED 47 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 21 SW
651199 ZED 48 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 21 SE
651200 ZED 49 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 22 SW
651201 ZED 50 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 22 SE
651202 ZED 51 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 23 NW
651203 ZED 52 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 23 NE
651204 ZED 53 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 24 NW
651205 ZED 54 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 24 NE
651206 ZED 55 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 19 NW
651207 ZED 56 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 19 NE
651208 ZED 57 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 20 NW
651209 ZED 58 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 20 NE
651210 ZED 59 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 21 NW
651211 ZED 60 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 21 NE
651212 ZED 61 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 22 NW
651213 ZED 62 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 22 NE
651214 ZED 63 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 23 NW
651215 ZED 64 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 23 NE
651216 ZED 65 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 24 NW
651217 ZED 66 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 24 NE
651218 ZED 67 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 15E 19 NW
651219 ZED 68 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 23 SW

Ambler 24

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
651220 ZED 69 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 23 SE
651221 ZED 70 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 24 SW
651222 ZED 71 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 24 SE
651223 ZED 72 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 19 SW
651224 ZED 73 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 19 SE
651225 ZED 74 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 20 SW
651226 ZED 75 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 20 SE
651227 ZED 76 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 21 SW
651228 ZED 77 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 21 SE
651229 ZED 78 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 22 SW
651230 ZED 79 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 22 SE
651231 ZED 80 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 23 SW
651232 ZED 81 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 23 SE
651233 ZED 82 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 24 SW
651234 ZED 83 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 24 SE
651235 ZED 84 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 15E 19 SW
651236 ZED 85 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 26 NW
651237 ZED 86 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 26 NE
651238 ZED 87 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 25 NW
651239 ZED 88 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 25 NE
651240 ZED 89 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 30 NW
651241 ZED 90 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 30 NE
651242 ZED 91 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 29 NW
651243 ZED 92 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 29 NE
651244 ZED 93 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 28 NW
651245 ZED 94 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 28 NE
651246 ZED 95 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 27 NW
651247 ZED 96 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 27 NE
651248 ZED 97 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 26 NW
651249 ZED 98 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 26 NE
651250 ZED 99 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 25 NW
651251 ZED 100 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 25 NE
651252 ZED 101 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 15E 30 NW
651253 ZED 102 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 26 SW
651254 ZED 103 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 26 SE
651255 ZED 104 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 25 SW
651256 ZED 105 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 13E 25 SE
651257 ZED 106 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 30 SW
651258 ZED 107 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 30 SE
651259 ZED 108 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 29 SW
651260 ZED 109 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 29 SE
651261 ZED 110 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 28 SW
651262 ZED 111 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 28 SE
651263 ZED 112 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 27 SW
651264 ZED 113 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 27 SE
651265 ZED 114 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 26 SW
651266 ZED 115 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 26 SE
651267 ZED 116 State Granted      9/28/05 11/30/11 160 ac Kotzebue 20N 14E 25 SW

Ambler 25

OCTOBER  17, 2011 LAND REPORT

AMBLER  PROPERTY

Claim No.  Claim Name        Status Location Date  Expiry Date Area Recording District T. R.  Sec. Qtr.
651268 ZED 117 State Granted 9/28/05 11/30/11 160 ac Kotzebue 20N 14E 25 SE
651269 ZED 118 State Granted 9/28/05 11/30/11 160 ac Kotzebue 20N 15E 30 SW
655537 ZED 119 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 12E 12 NW
655538 ZED 120 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 12E 12 NE
655539 ZED 121 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 13E 7 NW
655540 ZED 122 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 13E 7 SW
655541 ZED 123 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 13E 7 SE
655542 ZED 124 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 13E 8 SW
655543 ZED 125 State Granted 9/8/06 11/30/11 160 ac Kotzebue 20N 13E 8 SE
655648 KG 1 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 11 SW
655649 KG 2 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 11 SE
655650 KG 3 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 14 NW
655651 KG 4 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 14 NE
655652 KG 5 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 13 NW
655653 KG 6 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 13 NE
655654 KG 7 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 13 SE
655655 KG 8 State Granted 9/8/06 11/30/11 160 ac Kotzebue 21N 11E 24 NE
Owner: NovaCopper US Inc., Patented Mining Claims (Fee Simple)
Meridian: Kateel River
50 81 0127 USMS2245 1 Patent Issued 7/27/81 no expiry 240.018 ac Kotzebue 21N 11E 34; 35  
50 83 0174 USMS2245 2 Patent Issued 6/3/83 no expiry 31.91 ac Kotzebue 20N; 21N 11E 2; 35  

Ambler 26

Schedule 4

Joint Venture Agreement

The Joint Venture Agreement will be substantially in the form of Rocky Mountain Mineral Law Foundation Model Form 5A LLC - Exploration, Development and Mining Limited Liability Company 1998, as subsequently amended or restated by the Rocky Mountain Mineral Law Foundation, except as may be modified to provide for the following:

Except to the extent that all members of the Joint Venture unanimously agree that the Joint Venture should borrow to pay Joint Venture costs, NANA will pay its proportionate share of all costs incurred in connection with Joint Venture activities following the formation of the Joint Venture in accordance with the payment requirements set forth in the JV Agreement. Failure by either NANA or NovaCopper to pay its required share will result in a dilution of its interest in the Joint Venture based upon a formula to be contained in the JV Agreement. Penalty dilution, being dilution calculated on a straight line basis plus 25%, will apply to any failure to make a committed contribution.

Any assignment by a party of all or any portion of its interest in a Joint Venture, other than a transfer to an affiliate or for purposes of granting security, will be subject to a right of first refusal in favour of the other party. Subject to the ANCSA Section 7(i) Settlement Agreement, each party will be entitled to grant security in its Joint Venture interest to secure financing for the project on terms to be specified in the JV Agreement. A transfer by either party of a net smelter royalty return on the Lands or any net proceeds royalty interest in a project other than for financing purposes will also be subject to a first right of refusal.

Each JV Agreement will provide for the appointment of a management committee (the "Management Committee") for the development of the relevant mine and to generally oversee and supervise all exploration, development, construction, operational and marketing activities of such project. The composition, responsibilities and operation of the Management Committee for each JV Agreement shall contain provisions as described in the Exploration Agreement for the Oversight Committee. Similarly, each Joint Venture shall have a Sustainability Committee, as described in the Exploration Agreement, to aid the Management Committee in respect of Sustainability Matters.

An investment account for reclamation reserves shall be established and physical cash shall be deposited into the account needed to grow the balance, letters of credit shall be obtained, bonds shall be posted on any combination thereof, in order to adequately cover the costs of reclamation at the end of mine life. Such costs shall be a fair and reasonable estimate of costs to be incurred to reclaim the Lands. Any balance not used after reclamation is completed shall be rolled forward into the next mine to be started by NovaCopper in the geographic area defined in this Agreement or shall be paid out if no new mines are expected to be developed within ten (10) years from the completion of reclamation. No management fee shall be payable to NovaCopper on the reserve account or earning on the assets held in the reserve account.

Sections 10, 11 and 12 of the Exploration Agreement shall apply mutatis mutandis to the form of JV Agreement.

Schedule 5

Net Proceeds Royalty

  A.

Definition of Net Proceeds

     "Net Proceeds" for any calendar quarter shall be the amount, if any, by which the Receipts in such calendar quarter plus the cumulative sum of Receipts in all previous calendar quarters exceed the cumulative sum of all prior Disbursements (including Disbursements for such quarter). If the cumulative sum of Receipts exceed the cumulative sum of all prior Disbursements (including Disbursements for such quarter), a Net Proceeds Royalty will be payable. If the cumulative sum of Receipts is less than the cumulative sum of all Disbursements (including Disbursements for such quarter), no Net Proceeds Royalty will be payable.

  B.

Receipts

     Receipts shall be all revenues actually received or deemed to be received during the calendar quarter from the sale of Valuable Minerals from the project as follows:

(1) if NovaCopper sells Valuable Minerals (other than fine gold and/or silver bullion or dore bullion) to a smelter, refiner, or other purchaser (other than to an affiliate of NovaCopper), Receipts shall mean the amount of revenues actually received by NovaCopper from the smelter, refiner, or other purchaser of such Valuable Minerals, plus any bonuses and subsidies, less all penalties, assaying, and sampling charges whether deducted by the purchaser or paid or incurred by NovaCopper;

(2) if NovaCopper sells or otherwise distributes Valuable Minerals (other than fine gold and/or silver bullion or dore bullion) to any affiliate of NovaCopper, Receipts shall mean the fair market value of such Valuable Minerals in arm's length transaction F.O.B. the Property;

(3) if NovaCopper or any affiliate of NovaCopper produces or has produced through a tolling or refining contract or any transaction Valuable Minerals in the form of fine gold and/or silver bullion or dore bullion, Receipts shall mean the amount of dollars obtained by multiplying the amount of fine gold and/or silver bullion produced or the amount of gold and/or silver contained in dore bullion produced from the Property by

(a) for gold, the average London Bullion Market Association P.M. Gold Fixing for the calendar quarter of production

(b) for silver, the average London Bullion Market Association daily Silver Fixing for the calendar quarter of production, in all cases based on mine weights and assays.

     Receipts shall also include any other revenues or other consideration derived from the project or the related facilities, including without limitation, for the processing or transportation of Outside Minerals. Where services or uses are in whole or in part supplied to an affiliate of NovaCopper, or where such revenues are paid indirectly or by exchange, then "Receipts" shall include the fair market value of such services or uses to be charged an unrelated party in an arm's length transaction. Receipts shall also include any insurance proceeds received by NovaCopper or any affiliate of NovaCopper and payments received as a result of litigation, arbitration or settlement of disputes with third parties.

     Receipts shall not include any proceeds received by NovaCopper or any affiliate of NovaCopper in connection with a sale of all or any portion of its interest in the project, the Leases or in NovaCopper.

  C.

Valuable Minerals

     Valuable Minerals means all ores, metals, minerals and materials recovered and for which payment is received, and excluding all deposits of coal, oil and gas, and associated hydrocarbons) found in, on, or under the Lands.

  D.

Hedging Activities

     Hedging activities include any and all contracts or commitments entered into with the intent of mitigating commodity price risks. Such activities include, but are not limited to; formal marketable hedging or option contracts to buy or sell Valuable Minerals, forward sales, private nonmarketable contracts, options or commitments to buy or sell Valuable Materials or to deliver specified quantities of Valuable Minerals.

     The cost and net receipts of hedging activities undertaken in relation to debt financing arrangements for such project on the Lands shall be included in Disbursements and Receipts (as defined herein) for the purposes of calculating Net Proceeds only to the extent such hedging activities are required by, or are a specific condition of, the third-party debt financing.

     Either or both NovaCopper and/or its affiliates and NANA and/or its affiliates may conduct any and all other hedging activities to the extent they consider appropriate, entirely at their own risk and expense. For greater certainty it is acknowledged that NANA's hedging activities shall in no way encumber the Valuable Minerals.


  E.

Disbursements.

     Disbursements shall mean all Capital Expenditures, Operating Expenses, and Carrying Costs incurred at or for the benefit of the project or for milling, smelting, and refining of Valuable Minerals produced from the project. It is intended that NovaCopper shall recoup from Receipts all of its (and its affiliates) contribution for such Capital Expenditures, Operating Expenses and Carrying Costs before any Net Proceeds Royalty is payable.

(1) Capital Expenditures shall mean the aggregate of all costs or expenses incurred relating to the development of a mine, mill, smelter, or other refining operation for the project, including the following:

(a) all costs of or related to the development, construction, replacement, modification or alteration of any mine or mill or building, crushing, grinding, washing, concentrating, smelting, refining and/or other treatment or processing facility, port, road, airfield, and transportation facilities, including all related equipment;

(b) all costs of or related to the development, construction, replacement, modification or alteration of storage and warehouse facilities for Valuable Minerals;

(c) all costs of or related to the development, construction, replacement, modification or alteration of transportation facilities for moving ore or concentrates derived from such mine and/or any Valuable Minerals derived from such ore or concentrates;

(d) all costs of or related to the development, construction, replacement, modification or alteration of any plant, facilities, equipment, pipelines or transmission lines, used to generate, transport or supply electricity, gas or other utilities;

(e) all costs of or related to engineering, feasibility and other studies, analysis and testing to determine the feasibility of developing a mine or in connection with the construction or operation of a mine or related facilities;

(f) all costs of or related to the provision of onsite housing for employees, medical and recreational facilities;

(g) all costs resulting from or in connection with the preparation, equipping, modifying or expansion of any mine;

(h) all costs of or related to the acquisition of lands or any interest in lands incurred after the Effective Date of the Exploration Agreement; and

(i) all other infrastructure costs and expenses.

(2) Operating Expenses shall mean the aggregate of all costs, obligations, liabilities, and expenses incurred relating to operations on the Lands or a mine subsequent to the Effective Date of the Exploration Agreement or as part of the Historical Costs, including the following:

(a) all costs of or related to exploration and development at the Lands including the costs of all geological work, drilling studies and all costs of or related to the obtaining of all permits, approvals and authorizations for exploration on the Lands or for the development, construction, operation or reclamation of a mine on the Lands and all activities related thereto;

(b) all costs of or related to pre-development drilling and stripping of overburden to expose and gain access to the ore;

(c) all mining, milling, processing, smelting, or refining costs including custom or toll milling and custom or toll smelter or refining costs (with respect to the milling and smelting or refining of the Valuable Minerals of such mine) and transportation costs of such Valuable Minerals to the mill and/or the smelter and/or to the purchaser thereof;

(d) all maintenance, repair and replacement costs;

(e) all costs of or related to marketing any of the Valuable Minerals;

(f) all taxes, assessments, fees, rentals, advance royalties, royalties, and duties paid or payable (including any net smelter return and the Net Proceeds Royalty), to other third parties or to any governmental body, charged, levied or imposed on the Lands or such mine, or paid or payable on or in respect of or measured by the Valuable Minerals produced from such mine, including all governmental royalties relating thereto and mining duties or mining taxes but excluding the Alaska Mining License Tax and state, local, and federal income and franchise taxes;

(g) interest and other charges and expenses related to debt financing arrangements incurred by NovaCopper or secured by NovaCopper's assets for such mine, mill, or other facilities including any working capital facilities and any costs or revenues foregone resulting from hedging activities undertaken or required in relation to debt financing arrangements;

(h) all premiums and other costs of or relating to insurance for a mine and related facilities and operations;

(i) all costs associated with litigation, arbitration or settlement of disputes with third parties;

(j) all other costs of or related to the conduct of operations in connection with a mine on the Property;

(k) a "Management Fee" as follows:

(i) during the exploration phase, no allowance for overhead;

(ii) during the development phase, 3% of annual Capital Expenditures and Operating Expenses;

(iii) during the major construction phase, 2% of annual Capital Expenditures and Operating Expenses; and

(iv) during the mining phase, 1% of annual Capital Expenditures and Operating Expenses.

Each particular phase of operations shall commence and end as follows:

(v) The exploration phase has commenced and shall cover those activities conducted to ascertain the existence, location, extent, or quantity of any deposit of ore or mineral. Such phase shall cease when an agency of the United States publishes in the Federal Register a Notice of Intent to prepare an environmental analysis pursuant to the National Environmental Policy Act of a proposal by NovaCopper to construct a mine on the Property.

(vi) The development phase shall commence immediately following the end of the exploration phase and shall cover those permitting activities and other activities prior to the commencement of construction of a mine, mill and related facilities.

(vii) The major construction phase shall commence immediately following the end of the development phase shall include all activities involved in the construction of a mill, smelter, or other ore processing facilities. The major construction phase shall end on the day following the first day on which Valuable Minerals are shipped from the Lands in commercial quantities.

(viii) The mining phase shall commence immediately following the end of the major construction phase and shall include all other activities not otherwise covered above, including activities conducted after mining operations have ceased; and

(l) a reserve account for reclamation costs which shall be a fair and reasonable estimate of costs to be incurred to reclaim the Property (any balance not used after reclamation is completed shall be paid out), provided that no Management Fee shall be payable on the reserve account until such time as reserve amounts are expended

     Operating Expenses shall not include any charges for depreciation, amortization, or depletion.

(3) Carrying Cost shall mean simple interest at a rate equal to the actual weighted average cost of capital, to a maximum of 9% per annum, applied to the average monthly balance of all unrecovered Capital Expenditures and Operating Expenses minus $25 million (subject to subsection E(4) below) that were not incurred with borrowed funds on which interest is being paid and accounted for pursuant to subsection C(2)(h) above.

(4) The deduction of $25 million for the calculation of Carrying Charges as set out in subsection E(3) above applies only to the first Net Proceed Royalty elected to be received by NANA pursuant to this Agreement and not any subsequent Net Proceed Royalties that may be elected and furthermore only applies to such first Net Proceeds Royalty if the parties have not previously formed a Joint Venture pursuant to this Agreement.

(5) Costs and Disbursements shall be captured only once in computing Net Proceeds. If a specific cost was included in computing a Net Proceeds Royalty, it may not be included as a Disbursement in computing a later Net Proceeds Royalty.

(6) Any Capital Expenditure, Operating Expense, or Carrying Cost incurred by NovaCopper or its affiliates related to a loss shall be included as Disbursements regardless of whether or not such loss is insured.

  F.

Costs of Common Facilities.


     Where any Capital Expenditures, Operating Expenses, or Carrying Cost are incurred with respect to the mining, milling, processing, selling, or delivering of Valuable Minerals produced from the Lands in conjunction with the mining, milling, processing, selling, or delivering of minerals produced from other properties controlled by NovaCopper, such Capital Expenditures, Operating Expenses, and Carrying Cost shall be fairly allocated and apportioned.

  G.

Other.

     In no event shall the creation of the Net Proceeds Royalty or any other provision of the Agreement create or be deemed to create any duty on the part of NovaCopper, express or implied, to produce Valuable Minerals or any quantity of Valuable Minerals or to conduct operations on the Property so as to create or maximize Net Proceeds, it being acknowledged that the time, manner, method and amounts of any such production shall be in the sole discretion of NovaCopper.

Schedule 6

MINING LEASE

by and between

NANA REGIONAL CORPORATION, INC.

and

NOVACOPPER US INC.

Effective Date: ____________

TABLE OF CONTENTS

1.0 Definitions 1
2.0 Grant of Lease 4
  2.1 Grant of Lease of Mineral Rights 4
  2.2 NovaCopper's Rights 4
3.0 Term of Lease 4
4.0 Disturbed Land and Scholarship Payments 5
  4.1 Disturbed Land Payments 5
  4.2. CPI Adjustment 5
5.0 Production Royalties 6
  5.1 Reservation of Production Royalties 6
  5.2 No Implied Duties 6
  5.3 Payment of Royalties 6
  5.4 Records 6
6.0 Reservation of Rights by NANA 6
7.0 Sand and Gravel 7
8.0 Access; Water 8
  8.1 Access 8
  8.2 Water 8
9.0 Operations 9
  9.1 Conduct of Operations 9
  9.2 Hazardous Substances 9
  9.3 Notice of Operations 9
  9.4 Cultural and Archeological Finds 10
  9.5 Prohibitions 10
  9.6 NANA Permitting Cooperation 10
10.0 Indemnification 10
11.0 Insurance 11
  11.1 Coverage 11
  11.2 Certificates 12
  11.3 Additional Insured 12
  11.4 Notices of Occupational Injury 12
12.0 Liens   12
13.0 Reclamation 13
  13.1 Reclamation Policy 13
  13.2 Funding of Reclamation 13
14.0 Disposition of Facilities and Other Property Upon Termination 14
15.0 Geological Information and Annual Report 14
  15.1 Material Provided by NovaCopper 14

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  15.2 Material Provided by NANA 14
16.0 Inspection Rights; Audits 14
  16.1 Inspection Rights 14
  16.2 Audits 15
17.0 Confidentiality 15
  17.1 General 15
  17.2 Exceptions 15
  17.3 Termination 16
18.0 Real Property Taxes 16
19.0 Representations and Warranties 16
  19.1 General Representations and Warranties 16
  19.2 Title Representations, Warranties and Covenants 17
  19.3 Survival/No Merger 17
20.0 Voluntary Termination By NovaCopper 18
21.0 Termination for Material Breach 18
22.0 Effect of Termination 19
23.0 Surrender of Possession and Reconveyance 19
24.0 Force Majeure 19
  24.1 Effect 19
  24.2 Definition 19
25.0 Assignment 20
  25.1 Assignment by AGC 20
  25.2 Assignment by NANA 20
  25.3 Assignment of Production Royalties 20
  25.4 Notice of Assignment 21
  25.5 Change of Ownership 21
  25.6 Single Agent for Payment 21
26.0 Recording of Memorandum Agreement 21
27.0 Rotation Schedules 22
28.0 Dispute Resolution 22
29.0 Notices, Payments and Delivery 22
  29.1 Written Notices 22
  29.2 Payments 22
  29.3 Delivery by Mail 22
  29.4 Delivery by Electronic Communication 23
  29.5 Delivery by Personal Service 23
  29.6 Change of Address 23
30.0 General Provisions 23
  30.1 United States Currency 23
  30.2 Time 23

2


  30.3 Waiver 23
  30.4 Remedies 23
  30.5 Counterparts 23
  30.6 Further Actions 24
  30.7 Modification of Lease 24
  30.8 Law Governing 24
  30.9 Construction 24
  30.10 Severability 24
  30.11 Implied Covenants 24
  30.12 Binding Effect 24
  30.13 Section Headings; Plural 24
  30.14 Entire Lease 24

3

MINING LEASE

     THIS MINING LEASE (this "Lease") is made and entered into as of the ____ day of _____________, __________, by and between NANA REGIONAL CORPORATION, INC. ("NANA"), a corporation organized pursuant to the provisions of the Alaska Native Claims Settlement Act, 43 U.S.C. § 1601, et seq. ("ANCSA") and the laws of the State of Alaska, the address of which is P. O. Box 49, Kotzebue, Alaska 99752, and NOVACOPPER US INC. ("NovaCopper"), a Delaware corporation, the registered address of which is 1031 West Fourth Avenue, Suite 600, Anchorage, AK, 99501-5905.

WITNESSETH:

     WHEREAS, NANA and NovaCopper entered into that certain Exploration Agreement and Option to Lease ("Exploration Agreement"), effective as of October 19, 2011, relating to inter alia, certain lands located in the Kotzebue Recording District, State of Alaska; and

     WHEREAS, pursuant to Section 8.1 of the Exploration Agreement, NovaCopper exercised its option to lease a portion of said lands;

     NOW, THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, NANA and NovaCopper hereby agree as follows:

1.0  Definitions.

     "Affiliate" means any corporation, joint venture, partnership or other legal entity that controls, is controlled by, or is under common control with a party to this Lease. As used herein, "control" means direct or indirect possession of the power to direct or cause the direction of the management or policies of a legal entity, whether through ownership of voting securities, by contract, or otherwise, and the terms "controlled" and "controlling" have meanings correlative to the foregoing.

     "ANCSA" means the Alaska Native Claims Settlement Act, 43 U.S.C. § 1601, et seq., as amended.

     "ANSCA Lands" has the meaning ascribed to such term in the Exploration Agreement.

     "Best Efforts" means the exercise of all reasonable means and diligence to satisfy an obligation.

     "Bornite Lands" has the meaning ascribed to such term in the Exploration Agreement.

     "Commercial Production" means the operation of the relevant property or any part of it as a mine for the production of Minerals but does not include milling for the purpose of testing or milling by a pilot plant. Commercial Production shall be deemed to have commenced on the first day of the month following the first 90 consecutive days during which Minerals have been produced from the relevant property at an average rate not less than 66.7% percent of the initial rated capacity of the permanent facilities.

     "Cut and Fill" means the disturbance or removal of sand, gravel and crushed rock (as defined in Section 7.0 ("Sand and Gravel")) during the course of construction of specific drill sites, camp sites, other work sites or road construction; provided, however, that in the case of road construction, such sand, gravel or crushed rock is moved no more than 500 feet for use in the same roadbed. Cutting and filling operations also include those operations involving the movement of dirt, rock and fill by means other than hauling by truck which are incidental to the construction of accommodations, transportation system, roads, port and other supporting facilities. Any material blasted, hauled by truck, put through a crusher or obtained from a borrow pit or quarry is not considered Cut and Fill.

     "Development" means all preparation for the removal and recovery of Minerals from the Leased Lands, including the construction or installation of a mill or any other improvements to be used for the Mining, handling, milling, processing or other beneficiation of Minerals.

     "Disturbed Lands" means the surface of Leased Lands used by NovaCopper for (i) Exploration, (ii) Development, (iii) Mining (as described below), or (iv) any other operation authorized or conducted pursuant to this Agreement which results in actual and non-temporary use of the surface, together with the surface of lands in the vicinity of the Leased Lands used for access in accordance with Section 8.1 ("Access"). The surface of the Leased Lands used for Mining shall include without limitation any surface used in connection with an actual mining pit or shaft, any surface on which processing facilities are placed, any surface used in connection with settling ponds, any surface used in connection with the storage of overburden, waste, or tailings, and any surface on which facilities or improvements (including, without limitation roads, airports and pads) are constructed or placed by NovaCopper. Once such lands (whether Leased Lands or access lands) become Disturbed Lands, they shall remain Disturbed Lands until NovaCopper in good faith represents to NANA that such lands will not be used again for operations pursuant to this Lease, and reclamation operations (if required) are completed thereon by NovaCopper pursuant to Section 13.0 ("Reclamation") of this Lease. No portion of such lands shall be considered Disturbed Lands if NovaCopper's use is temporary or intermittent and if by such actions, such portion is not thereby subjected to the obligation to conduct reclamation by the terms of Section 13.0 ("Reclamation") hereof. No portion of such lands shall be considered Disturbed Lands if the disturbance is caused solely by the exercise of rights reserved by NANA or the Shareholders.

     "Exploration" means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Minerals on the Leased Lands. Exploration may include all activities undertaken through the completion of a feasibility study, if any, but shall not include Development and will also include such activities that may also be conducted concurrently with Development and Mining.

     "Exploration Agreement" means that certain Exploration Agreement and Option to Lease, effective as of October 19, 2011, by and between NANA and NovaCopper.

     "Hazardous Substances" means any pollutants, hazardous waste, or hazardous substances as defined in or pursuant to the Resource Conservation Recovery Act (42 U.S.C. §§6901,et seq.) ("RCRA"), as now or hereafter amended; the Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. §§9601, et seq.) ("CERCLA"), as now or hereafter amended; or any other federal, state or local environmental law, ordinance, rule or regulation (including AS 46.03.826 as now or hereafter amended).

     "Lease" means this Mining Lease, together with all attachments, exhibits, and schedules attached hereto and incorporated herein by reference.

     "Leased Lands" means the lands described in Exhibit A to this Lease. [NTD: Exhibit A to specify lands designated in notice given under Section 8.1 of Exploration Agreement]

2

     "Lease Year" means a year ending September 30; provided, however, that the first Lease Year under this Lease shall be the period from the date of execution of this Lease to the immediately following September 30.

     "Minerals" means gold, silver, copper, cobalt, lead, zinc, tin, and all other minerals, mineral products, mineral by-products, and mineral materials except (a) oil, gas, coal, oil shale, and any and all hydrocarbons associated with any of them, (b) fissionable minerals and materials, (c) geothermal resources, (d) sand, gravel, stone, and rock, except as provided in Section 7.0 ("Sand and Gravel"); and (e) jade and jadeite; provided, however, that jade and jadeite actually recovered by NovaCopper in the exercise of its rights under the last sentence of Section 6.0 shall be deemed Minerals.

     "Mining" means the mining (by any method), extracting, crushing, producing, stockpiling, leaching, handling, milling, beneficiation and processing of Minerals from the Leased Lands.

     "NANA" means NANA Regional Corporation, Inc.

     "Net Smelter Returns" means the net smelter returns of NovaCopper as calculated pursuant to Exhibit B attached hereto.

     "NovaCopper" means NovaCopper US Inc.

     "Party" means NovaCopper or NANA; "Parties" means NovaCopper and NANA.

     "Production Royalties" means the royalties payable to NANA by NovaCopper pursuant to Section 5.0.

     "Release", when used in connection with both Hazardous and non-Hazardous Substances, means a release that is reportable to the applicable authorities under applicable federal or Alaska state law as then in effect.

     "Section 7(i) Settlement Agreement" means that certain Section 7(i) Settlement Agreement dated as of June 29, 1982, as amended.

     "Shareholder" means a person who is a shareholder of NANA, said person's spouse, or any lineal descendant or adoptee of said person.

     "Subsistence" means the non-wasteful, customary and traditional uses by rural Alaska residents of wild, renewable resources for personal or family consumption, for the making or selling of handicraft articles, for barter, sharing, or for customary trade, and when the context so requires, includes all wild, renewable resources used for Subsistence.

     "Sustainability Matters" means (i) all matters relating to the location of facilities on the Leased Lands (other than facilities that will be in place for only a short period of time and are not reasonably anticipated to have any material impact on subsistence activities) or on lands in the vicinity of the Leased Lands that are to be used for access in accordance with Section 8.1; (ii) matters which are likely to have a significant adverse affect on subsistence activities and/or cultural or social-economic dynamics within the region; (iii) decisions related to environmental management on the Leased Lands, including environmental management related to permitting, mine closure and reclamation plans, financial assurance vehicles, settlement of any lawsuits related to permitting, plans related to mitigation, monitoring and remediation of environmental issues, spill cleanup and expansion plans.

3

     "Village Consent" means such consent at a local level as may be required by law.

2.0 Grant of Lease.

     2.1 Grant of Lease of Mineral Rights. Subject to the terms, conditions, exceptions, and reservations herein contained, and for the term provided herein, NANA hereby grants, leases, and demises exclusively to NovaCopper all rights, titles, interests, and estates now owned or hereafter acquired by NANA in and to the Leased Lands for the purpose of Exploration, Development and Mining of any and all Minerals located on, in, or under the Leased Lands (whether as a separate operation or as part of a common operation with other projects in the general region), and any and all rights and privileges appertaining thereto, and any and all improvements thereon.

     2.2 NovaCopper's Rights. In furtherance of the grant made in this Section 2.0, NovaCopper shall have the following rights:

     (a) to conduct Exploration, Development and Mining, including without limitation, to explore for, mine, mill, beneficiate, concentrate, smelt, extract, leach, refine, mix, convert, or otherwise obtain, treat and dispose of all Minerals covered by this Lease, including, not by way of limitation but by way of further explanation, by such methods and in such manner as NovaCopper shall elect, including but not limited to stripping, shaft, underground mining, open-cut, open-pit, pit and dredge, block caving, solution, and other methods now or heretofore known or hereafter developed, for any and all Minerals located on, in, or under the Leased Lands;

     (b) to develop, reclaim, and rehabilitate the Leased Lands in conformance with the provisions of this Lease;

     (c) to explore the Leased Lands further by such means and methods as to NovaCopper appear reasonably necessary or advisable;

     (d) to place and use excavations, openings, shafts, ditches and drains on or below the surface of the Leased Lands and to construct, erect, install, maintain, repair, use, replace, or remove roads, buildings, structures, machinery, equipment, and facilities of any nature whatsoever, both on or below the surface of the Leased Lands as necessary or desirable to effectuate the purposes hereof, including, but not limited to, access roads, mine plant, mill, smelter, refinery and/or other processing plants, water, power, fuel and communications facilities, trackage, pipelines, roads and other means of transportation, storage facilities, stockpiles, waste piles, tailings ponds and facilities, settling ponds, dams, sump pits, flumes and sluices, loading and shipment facilities, support, ancillary and infrastructure facilities, accommodations for persons employed in the accomplishment of the purposes hereof, and offices for conduct of operations hereunder; and

     (e) to take any and all other actions that are reasonably necessary or desirable to enable NovaCopper to conduct its operations under this Lease generally;

provided, however, that any exercise by NovaCopper of the foregoing rights shall, as to Sustainability Matters, be subject to prior review and approval by the Sustainability Committee and Oversight Committee, as provided in Sections 6 ("Sustainability Committee") and 5 ("Oversight Committee") of the Exploration Agreement.

3.0 Term of Lease.

4

     The term of this Lease shall commence on the date of this Lease and remain in full force and effect through September 30 of the twenty-fifth (25th) Lease Year, and as long thereafter as there is Commercial Production of Minerals from the Leased Lands, or reclamation permitted under this Lease, unless sooner terminated in accordance with the terms and provisions of this Lease. For purposes of this Section 3.0, Commercial Production of Minerals shall be deemed to exist only if production facilities, capable of producing Minerals in reasonable commercial quantities and for sale on a commercial basis, have been completed and such facilities have operated at least once within the three (3) most recently completed Lease Years on a regularly scheduled basis for ninety (90) days; provided, however, that if Commercial Production is prevented because of an event of force majeure within the meaning of Section 24.0 ("Force Majeure"), then the term of this Lease shall continue despite a lack of Commercial Production of Minerals from the Leased Lands.

4.0 Disturbed Land Payments.

     4.1 Disturbed Land Payments.

     (a) In order to maintain this Lease in full force and effect, NovaCopper shall pay to NANA annually on or before March 1 of each calendar year that this Lease is in effect the amount of Seven Hundred Fifty-Five Dollars ($755) per acre for the first Four Hundred (400) acres of Disturbed Lands at January 1 of that year and One Hundred Dollars ($100) per acre for any additional acres of Disturbed Land at that January 1 date, subject in both cases to adjustment for inflation each year beginning with the second annual payment, using the adjustment mechanism described in Section 4.2 ("CPI Adjustment"), below. The failure to make any payments pursuant to this Section 4.1(a) shall constitute a material breach of this Lease that must be cured pursuant to Section 21.0 ("Termination for Material Breach"). The payments described above shall compensate NANA for the use of the Leased Lands described in Exhibit A for which NovaCopper has use of pursuant to Section 8.0 ("Access; Water"), and for surface use and access in, on and under the leased undisturbed Leased Lands.

     (b) Determination of Disturbed Lands. On or before February 1 of each calendar year, NovaCopper shall provide to NANA a map at an appropriate scale showing all Disturbed Lands at January 1 of such year and all lands subjected to temporary or intermittent use during the past year which did not give rise to a reclamation obligation under Section 13.0 ("Reclamation"), and indicating the total number of acres in each such category. The map shall also show all lands which ceased to be Disturbed Lands during the past year, as well as the acreage of such lands, with separate designations and acreage calculations for such lands which were Disturbed Lands on January 1 of the prior year and the lands which became Disturbed Lands during the year. If NovaCopper claims the lands ceased being Disturbed Lands during the year, it shall furnish NANA with a report by February 1 describing the reclamation operations which were completed and a good-faith certification that the lands will not be used again for operations pursuant to this Lease. The area affected by roads and other rights-of-way shall be deemed to be the actual width and the area affected by all other facilities, storage ponds, and other structures and disturbances shall be the actual area contained within such disturbances.

     4.2 CPI Adjustment. All dollar figures set forth in Section 4.1 ("Disturbed Land Fees") shall be adjusted on January 1 of each Lease Year by multiplying the dollar figure applicable at January 1 of the previous Lease Year by a fraction, the numerator of which is the GNP implicit price deflator for the third quarter of the calendar year just ended and the denominator of which is the GNP implicit price deflator for the third quarter of the calendar year just ended. The term "GNP implicit price deflator" means the implicit price deflator for the gross national product as computed and published by the United States Department of Commerce, Bureau of Economic Analysis (the "GNPDEF"). In the absence of such price deflators, the parties shall designate a reasonable replacement price deflator or, if the parties cannot agree on a reasonable replacement price deflator, each party shall designate a reasonable replacement price deflator and the results obtained using each price deflator shall be averaged to determine the final adjustments made pursuant to this Section 4.2.

5

5.0 Production Royalties.

     5.1 Reservation of Production Royalties. NANA hereby reserves, and NovaCopper shall pay to NANA, the following royalties from production:

     (a) Two percent (2.0%) of all Net Smelter Returns received by NovaCopper from production from any portion of the Leased Lands that are included under the heading "Bornite Lands" on Exhibit A; and

     (b) Two and one-half percent (2.5%) of all Net Smelter Returns received by NovaCopper from production from any portion of the Leased Lands that are included under the heading "ANCSA Lands" on Exhibit A.

     5.2 No Implied Duties. NovaCopper shall have no implied duties to explore, diligently develop, or mine any of the Leased Lands. NovaCopper shall have the sole right to determine cutoff grades from time to time, to determine which Minerals are economic to mine, and to determine at what production rate to conduct Mining.

     5.3 Payment of Royalties. NovaCopper shall pay the Net Smelter Returns royalty due to NANA under Section 5.1(b) ("Reservation of Production Royalties") for all Net Smelter Returns received by NovaCopper during any calendar quarter on or before the 15th day of the month next following the end of such calendar quarter. NovaCopper shall provide NANA with a copy of each relevant smelter settlement and the calculations made by NovaCopper in connection with such payment.

     5.4 Records. NovaCopper shall keep and maintain true and correct financial and accounting records as are necessary to determine separately for the Leased Lands forming part of the Bornite Lands and those forming part of the ANCSA Lands the production of Minerals and the calculation of the Production Royalties, all in accordance with Exhibit B, generally accepted accounting principles in the United States and NovaCopper's standard practices.

6.0 Reservation of Rights by NANA.

     NANA hereby excepts and reserves, from the grants set forth in this Lease, all oil, gas, coal, oil shale, and any and all hydrocarbons associated with any of them; all placer gold, jade and jadeite which may be removed by the Shareholders in accordance with this Section 6.0; all fissionable minerals and materials; all geothermal resources; and all sand, gravel, stone, and rock (except as provided in Section 7.0 ("Sand and Gravel")), together with the rights to explore for, develop, and remove said minerals and mineral materials from the Leased Lands, subject to the reasonable determination by NovaCopper that the exercise of such right does not interfere with the operations of NovaCopper under this Lease (and the rights granted to NovaCopper herein shall be the primary and dominant uses), and (b) all other rights and interests in, to, or relating to the Leased Lands which are not granted to NovaCopper under this Lease. In addition, NANA shall be permitted upon delivery of written notice to NovaCopper and the receipt of NovaCopper's consent (which consent shall not be unreasonably withheld if NovaCopper determines that there is no material adverse impact upon its activities), and subject to the right of NovaCopper to terminate the same as provided below, to undertake temporary or permanent uses and place temporary or permanent facilities on the Leased Lands. Without limiting the generality of the foregoing, NANA shall be permitted, subject to the right of NovaCopper to terminate the same as provided below, to allow its Shareholders to conduct subsistence mining not requiring large scale mechanization on the Leased Lands for the recovery of placer gold, jade and jadeite.

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NovaCopper may require such temporary or permanent uses (including, without limitation, such placer and jade operations) and facilities to cease and to be removed within thirty (30) days after receipt by NANA of a notice from NovaCopper stating that, in its good faith belief, such uses and facilities will interfere at some time during the next six (6) months with NovaCopper's activities hereunder including any permitting actions required by NovaCopper in connection therewith. In addition, during the term of this Lease, Shareholders shall, at their expense, have free and unrestricted access to the Leased Lands for Subsistence and related uses subject to the reasonable determination by NovaCopper that such uses do not interfere with the activities of NovaCopper hereunder. All of such temporary and permanent uses by NANA and the Shareholders shall be subject to NovaCopper's express consent (which consent shall not be unreasonably withheld if NovaCopper determines that there is no material adverse impact upon its activities) and further subject to the right of NovaCopper to exclude such persons from areas of active operations, and shall be at the sole risk and liability of the persons engaging in such activities. NovaCopper shall not be obligated to compensate for such termination of any temporary or permanent facility in any event, including without limitation, the termination, destruction of, or rendering of any mineral or material inaccessible, or otherwise terminating the right or ability of any person to engage in such small scale operations. It is understood that once NovaCopper designates an area for Development and Mining, such operations shall include the right to extract, crush, remove and otherwise mine any such placer material or jade material, even if such placer or jade material is not recovered.

7.0 Sand and Gravel.

     The term "sand, gravel, and crushed rock" in this Section 7.0 means the following obtained from the Leased Lands:

     (a) unconsolidated sedimentary deposits of sand and gravel and;

     (b) crushed rock and stone used as substitutes for sand and gravel rock made from lode deposits of rock that are mined primarily for the purposes of production of the same.

The terms "use" or "used" in connection with sand and gravel in this Section 7.0 mean use for normal construction purposes such as making concrete, road beds, asphalt and the like. Such terms shall be deemed not to include the removal, relocation, stripping, hauling, dumping, covering, destroying or rendering inaccessible sand, gravel or crushed rock as a result of the creation or use of waste rock dumps, tailings and tailing ponds, pits, adits, tunnels, spoil or ore piles, water or water dams, utility connections or other Exploration, Development and Mining operations to access, recover or explore for Minerals as contemplated by this Lease; even if the result of such actions is to permanently destroy, render inaccessible, or make the sand, gravel, and crushed rock unrecoverable or uneconomic.

     NovaCopper and its contractors shall be entitled to use, in connection with its Exploration, Development and Mining operations under this Lease for construction, road building, drilling pads, asphalt and other uses, any sand, gravel, and crushed rock which is owned by NANA, provided that such use shall be solely for NovaCopper's own account and not for the resale to any third party. Except as provided in this Section 7.0, NovaCopper shall pay to NANA a royalty for sand, gravel or crushed rock (the "Sand and Gravel Payments"), as defined herein, used by NovaCopper, as defined herein. The amount of the royalty shall initially be determined on the basis of a market analysis of comparable bulk sales, and shall be readjusted every five (5) years thereafter based upon further market analyses. Each party shall have the right to submit to the other a proposed market analysis and, in the event of a dispute, the matter shall be finally determined by an independent appraiser appointed by the parties.

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     The royalty to be paid by NovaCopper with respect to sand, gravel, and crushed rock, as defined herein, shall not apply to such material described in (a) or (b) above which is obtained from a pit, shaft, adit or other permanent disturbance created in conducting Exploration, Development, Mining or other operations contemplated under this Lease or from which Minerals are produced or accessed. The payments described in this Lease are intended to fully compensate NANA for the use of any such material and the parties do not intend to separately impose or pay a royalty for such materials. Similarly, "cut and fill" may be used without a royalty payment.

     NovaCopper shall obtain NANA's approval, which shall not be unreasonably withheld and if the decision is not made within forty five (45) days of the request, the same shall be deemed to be approved, of the location of any site to be used for the extraction of sand, gravel, and crushed rock, other than Cut and Fill, before any use is made of those sites. On January 31 of each year during the term of this Lease, and within sixty (60) days of the termination of this Lease, NovaCopper shall provide NANA with an accounting identifying the number of cubic yards of sand, gravel, and crushed rock removed from each sand and gravel pit during the previous year as determined by survey methods standard in the mining industry, together with the amount of royalty due hereunder.

8.0 Access; Water.

     8.1 Access. NANA hereby grants to NovaCopper the right, subject to any necessary Village Consents, to cross over, in, under or through any and all lands owned, controlled or managed by NANA in the vicinity of the Leased Lands in order to provide reasonable access for roads, utilities, haulage ways, drifts and other needs of access to or from the Leased Lands; provided, however, that any such use of any such lands for access shall, as to Sustainability Matters, be subject to prior review and approval by the Sustainability Committee and Oversight Committee, as provided in Sections 6 ("Sustainability Committee") and 5 ("Oversight Committee") of the Exploration Agreement. All such lands of NANA used for access by NovaCopper shall be subject to the restrictions and obligations of Section 4.1 ("Disturbed Land Payments"), Section 9.0 ("Operations"), Section 10.0 ("Indemnification"), Section 11.0 ("Insurance"), Section 13.0 ("Reclamation") and Section 23.0 ("Surrender of Possession and Reconveyance"). NANA makes no representations or warranties respecting title to any lands in the vicinity of the Leased Lands, other than the Leased Lands, or the ability of NovaCopper to acquire rights of access across any lands in the vicinity of the Leased Lands.

     8.2 Water. NANA is aware that NovaCopper may require various amounts of water in connection with its conduct of Exploration, Development and Mining operations hereunder, and for such purpose NovaCopper will be making applications from time to time with the Department of Natural Resources of the State of Alaska to obtain the water it needs in connection with such operations. NovaCopper will be joined by NANA on any permit or application which NovaCopper may file to secure or confirm any water rights NovaCopper deems necessary as to its operations on Leased Lands hereunder and any such permit or application shall name NANA as an additional permittee or applicant. Upon termination of this Lease, NovaCopper shall assign to NANA whatever water rights it may have that are appurtenant to the Leased Lands. NANA hereby agrees that:

     (a) it will use its best efforts to assist NovaCopper, upon the written request of NovaCopper and at NovaCopper's sole cost and expense, in obtaining water rights appurtenant to the Leased Lands to the extent NovaCopper requires such rights for Exploration, Development or Mining operations;

     (b) it will not oppose or object to any appropriation of water made by NovaCopper whether such water is located on, in, or under the Leased Lands or otherwise, or impose any charge for such appropriation; and

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     (c) to the extent that NANA now has or hereafter acquires any rights in respect of water which is or may be utilized by NovaCopper in connection with operations hereunder, NANA (i) shall not assert any rights so as to materially or adversely affect any water rights of NovaCopper and (ii) will allow NovaCopper to use NANA's water rights to the extent such use does not have a material adverse effect on NANA's use of such water rights and is necessary to conduct operations hereunder.

9.0 Operations.

     9.1 Conduct of Operations. NovaCopper shall conduct all of its operations under this Lease in a workmanlike manner in accordance with the standards common to the mining industry, and shall comply, in all material respects, with any and all applicable laws, regulations, and permits; provided, however, that NovaCopper shall have the right to contest in good faith any such law, regulation, or permit, or the application thereof. NovaCopper shall use reasonable commercial efforts to prevent unnecessary or undue degradation (within the meaning of 43 C.F.R. Subpart 3809) of the Leased Lands and the surrounding lands and waters. NovaCopper will provide timely notice to the Oversight Committee (with a copy to NANA) of any and all violations of permits and other consents, followed by a written plan of the manner in which NovaCopper proposes to address each violation, as soon as such plan is developed.

     9.2 Hazardous Substances.

     (a) Conformance with Laws and Procedures. NovaCopper shall conduct all its operations with respect to the Leased Lands in substantial conformance, in all material respects, with the requirements of all applicable laws, regulations and ordinances relating to Hazardous Substances; provided, however, that NovaCopper shall have the right to contest in good faith any such laws, regulations and ordinances, or the application thereof. NovaCopper shall take all actions necessary to clean up any release of Hazardous Substances in accordance with the requirements of all applicable laws and regulations relating to Hazardous Substances; provided, however, that NovaCopper shall have the right to contest in good faith such laws, regulations, or ordinances, or the application thereof. In addition, NovaCopper shall follow all of its internal company policy and procedures governing Hazardous Substances as the same are changed from time to time and such procedures as are now in effect are incorporated herein as if set out in full in this Lease, except where an explicit provision of this Lease provides for a stricter standard, whereupon the provisions of this Lease shall control.

     (b) Reporting. NovaCopper shall deliver to NANA copies of all reports and filings required by law to be made in connection with the use, release or disposal of any Hazardous Substances on the Leased Lands promptly after filing the same with the applicable governmental agencies and NANA shall be subject to the same standards of confidentiality as are required of governmental agencies receiving the same. In addition, NovaCopper shall immediately notify NANA of any spill or unauthorized release of Hazardous Substances on the Leased Lands if such spill or unauthorized release is reportable to the applicable authorities under RCRA, as amended, or Alaska state law as then in effect, followed by a written plan to address the violation.

     9.3 Notice of Operations. For information purposes, and to ensure conformance with the terms of this Lease, at least thirty (30) days before undertaking any operations on the Leased Lands during any Lease Year, NovaCopper shall deliver to NANA a written notice describing in reasonable detail the nature and scope of the operations which NovaCopper plans to undertake during said Lease Year and the Leased Lands which will be affected by such operations. In addition, if at any time during a Lease Year NovaCopper is on site and desires to conduct operations the nature or scope of which are not described in reasonable detail in the notice delivered to NANA for said Lease Year, then at least three (3) days before undertaking such operations NovaCopper shall deliver to NANA a written notice describing in reasonable detail the nature and scope of such operations and the Leased Lands which will be affected by such operations.

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     9.4 Cultural and Archeological Finds. In addition to complying with the requirements of applicable state and federal law, NovaCopper shall promptly notify NANA whenever, in the course of conducting operations pursuant to this Lease, any cemetery, archeological, anthropological or historic site or artifact is discovered on Leased Lands. Upon being so notified, NANA shall promptly, but not later than ten (10) days after such notice, inspect such artifacts or sites and, following such inspection, NovaCopper shall take such action as NANA deems necessary and desirable to protect and remove such artifacts. If NANA believes that further action is necessary or desirable, NANA may require NovaCopper to temporarily halt any part of the operations that materially affect or endanger such artifacts until such time as such artifacts are removed. If NANA halts any part of the operation pursuant to this Section 9.4, it shall proceed expeditiously so as to minimize to the maximum extent reasonably possible the duration of the interruption and its impact to NovaCopper's operations. All objects discovered in any site on such Leased Lands shall belong exclusively to NANA except as otherwise provided by law.

     9.5 Prohibitions. NovaCopper shall not undertake or permit the sale or use of alcoholic beverages or controlled substances on the Leased Lands and shall not permit hunting, fishing or gathering of artifacts by its employees or contractors on the Leased Lands without the prior written consent of NANA (which consent shall be within the sole discretion of NANA). NovaCopper shall not provide merchantable goods or services to the general public on a commercial basis on the Leased Lands without NANA's consent.

     9.6 NANA Permitting Cooperation. Subject to the duties it owes to its Shareholders, NANA will cooperate with NovaCopper (i) in NovaCopper's efforts to obtain required consent from local villages for the permitting of a mine and the construction of required infrastructure and (ii) in NovaCopper's dealings with borough and state authorities relating to such permitting and construction. The degree and manner of such cooperation will be determined by NANA acting reasonably.

10.0 Indemnification.

     10.1 NovaCopper shall defend, indemnify, and hold harmless NANA and its Affiliates from and against any and all claims, damages, losses, liabilities, or expenses (including but not limited to reasonable legal, accounting, consulting, engineering, and other fees) (the "claims or liabilities") that may be asserted against, imposed upon, or incurred by NANA or its Affiliates as a result of any action, suit, or proceeding commenced or claim or liability asserted by any third party or parties (including, but not limited to a governmental entity) and which arise out of or result in any way from the operations of NovaCopper, its contractors and subcontractors under this Lease, including but not limited to any claims or liabilities under any applicable environmental law, including without limitation CERCLA; provided, however, that (a) NovaCopper's obligation to defend, indemnify, and hold harmless hereunder shall not apply to any claims or liabilities that arise as a result of (1) any disputes between NANA and one or more Shareholders in a derivative action or otherwise relating to the execution, delivery, performance, or administration of this Lease by NANA, as appropriate; (2) activities or actions of NANA or its predecessors-in-interest or any other third party occurring prior to the date hereof; and (3) the negligent acts, omissions, or willful misconduct of NANA, its agents, employees or Affiliates (collectively, "Excepted Claims and Liabilities"), and (b) with the exception of such activities or actions of such predecessors in interest and such other third parties prior to the date hereof, NANA shall defend, indemnify and hold harmless NovaCopper and its Affiliates from and against any such Excepted Claims and Liabilities.

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     10.2 With respect to any legal or administrative action, suit, or proceeding filed against NANA, NANA shall provide NovaCopper with written notice of the institution of such action, suit, or proceeding at least seven (7) business days prior to the date by which an answer or other response is required; provided, however, that where an answer or other response is required within seven (7) business days of NANA's actual receipt of notice of such action, suit or proceeding, then NANA shall notify NovaCopper at the earliest practicable time. Within five (5) business days following receipt of such notice, NovaCopper shall confirm in writing that it accepts the defense of the action, suit, or proceeding, whereupon NovaCopper shall not be liable to NANA for any costs or expenses (including but not limited to legal, accounting, consulting, engineering, or other expenses) incurred by NANA if NANA elects, notwithstanding NovaCopper's acceptance of the defense, at its own expense to engage its own counsel and experts to participate in such defense. In the event NANA fails to provide NovaCopper with written notice of the institution of such action, suit or proceeding within seven (7) business days prior to the date by which an answer or other response is required, then NovaCopper shall be relieved of its indemnity obligation under this Section 10.0, but only to the extent of NovaCopper's actual prejudice as a result of NANA's late notification. However, actual prejudice to NovaCopper shall be assumed hereunder in the event NANA fails to provide NovaCopper with written notice of the institution of such action, suit, or proceeding until on or after the date when an answer or other response is required and such failure results in a default judgment against NANA which is not set aside or vacated, or other materially adverse action. In any event, NovaCopper shall respond to NANA's late notification within three (3) business days of receipt of such notice. If NANA fails to notify NovaCopper of any such action, suit, or proceeding, then NovaCopper shall have no obligation to indemnify NANA as to such action, suit, or proceeding.

     10.3 NANA shall defend, indemnify, and hold harmless NovaCopper and its Affiliates from and against any and all claims or liabilities in connection with this Lease arising out of or relating in any way to Section 7 of the ANCSA, as amended, or the Section 7(i) Settlement Agreement, including any and all claims predicated upon the application or distribution of any funds received by NANA pursuant to this Lease; provided, however, that NANA's obligations under this provision shall not apply to any claim arising out of NovaCopper's failure to perform its obligations under this Lease. In addition, NANA shall defend, indemnify, and hold harmless NovaCopper and its Affiliates from and against any and all claims or liabilities (including but not limited to any claims or liabilities under any applicable environmental law) arising out of activities or actions of NANA, its agents and licensees on the Leased Lands prior to April 1, 2011. For purposes of this Section 10.3, the provisions set forth in the preceding Section 10.2 shall be deemed to apply to NANA's indemnification obligation in the same manner and to the same extent as if said Section were repeated herein with NANA changed to NovaCopper and NovaCopper changed to NANA. NovaCopper shall have the right to participate in any action as to which NANA is obligated to indemnify and defend NovaCopper with NovaCopper using its own counsel and at its own cost.

11.0 Insurance.

     11.1 Coverage. NovaCopper will, directly, or through an Affiliate, at its sole expense, secure and maintain insurance which may cover the work specified in this Lease as to the following insurance and limits.

     (a) Workers' Compensation Insurance and Occupational Disability Insurance in compliance with the laws of all applicable state and federal jurisdictions covering all employees engaged in the performance of work specified in this Lease, including coverage for employer's liability with a limit of not less than One Million Dollars ($1,000,000) per accident.

     (b) Comprehensive General Liability Insurance with contractual liability coverage limits for services performed, including equipment rental, of not less than Ten Million Dollars ($10,000,000) per occurrence for bodily injury, sickness, or death, and Ten Million Dollars ($10,000,000) per occurrence for property damage, including premises operations coverage.

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     (c) Comprehensive Automobile Liability Insurance covering all owned, non-owned, hired and rented vehicles used by NovaCopper with limits of not less than Ten Million Dollars ($10,000,000) combined single limit for bodily injury, sickness or death per occurrence and Ten Million Dollars ($10,000,000) for loss or damage to property in any single occurrence.

     (d) Non-Owned Aviation Insurance, when applicable to operations performed under the Lease:

     (i) Limits of not less than Ten Million Dollars ($10,000,000) per occurrence, covering any loss of or damage to property of third parties arising out of any single accident or occurrence.

     (ii) Limits of not less than Ten Million Dollars ($10,000,000) per occurrence covering claims of any kind for injury to or impairment of health or death of any and all persons (including employees of NovaCopper and NANA and any other third party) arising out of any single accident or occurrence directly related to the operations under this Lease.

     11.2 Certificates. NovaCopper shall obtain and deposit with NANA prior to the commencement of operations hereunder certificates of insurance as its interest shall appear, indicating the respective coverages set forth herein. The policies will not be canceled or altered unless at least thirty (30) days prior written notice of such cancellation or coverage alteration is provided to NANA.

     11.3 Additional Insured. NovaCopper will cause NANA to be named as additional insured to all insurance policies specified in subsections 11.2(b) through (d), above, but only as respects liability incurred as a result of NovaCopper's operations under this Lease. Notwithstanding the foregoing sentence of this Section 11.3, the provision of such insurance by NovaCopper shall not relieve NANA of its indemnity obligations hereunder, it being agreed that such insurance, or its proceeds, shall not be applied to any such indemnity obligation of NANA.

     11.4 Notices of Occupational Injury. Whenever an employee of NovaCopper or subcontractor of NovaCopper suffers an occupational injury or an occupational disease because of work performed under this Lease on Leased Lands, and such injury or disease is required by the workers' compensation or occupational disease laws to be reported to the proper authorities, copies of the reports, if any, provided to the proper authorities shall be furnished promptly by NovaCopper to NANA's safety and operational representatives. NANA shall be subject to the same standards of confidentiality as are required of the proper authorities receiving the reports.

12.0 Liens.

     NovaCopper shall be solely responsible for paying for all labor performed upon or materials furnished to the Leased Lands at the request of NovaCopper. NovaCopper shall keep the Leased Lands free and clear of any and all mechanic's, mining, labor, or materialmen's liens arising from the performance of labor upon or the furnishing of materials to the Leased Lands at the request of NovaCopper, except those liens arising by operation of law for which payment is not yet due. NovaCopper may contest the validity of any such lien that may be filed if NovaCopper provides reasonable security to NANA. NovaCopper shall post and record notices of nonresponsibility for the benefit of NANA pursuant to AS § 34.35.065 and AS § 34.35.150 and any other applicable laws as now or hereafter amended.

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13.0 Reclamation.

     13.1 Reclamation Policy. NovaCopper shall reclaim all Leased Lands disturbed hereunder in accordance with the reclamation plan (the "Reclamation Plan") established or to be established by NovaCopper with appropriate governmental authorities in accordance with applicable laws and regulations in connection with the permitting of the project. The Reclamation Plan and any significant modifications shall be subject to periodic review and approval by the Oversight Committee as provided in Section 5.6(c) of the Exploration Agreement. Generally, the Reclamation Plan shall provide for reclamation within the following guidelines:

     (a) The parties recognize that reclamation of disturbed Leased Lands is desirable.

     (b) Reclamation shall comply with applicable law and employ mining industry best practices in order (i) to minimize potential long-term danger to human life and the subsistence needs of the Shareholders, and (ii) to the extent reasonably practicable, to minimize adverse visual or aesthetic conditions and to restore the Leased Lands to a condition compatible with surrounding lands.

     (c) Disturbed land shall be restored to blend with the surrounding terrain to the extent reasonably practicable, consistent with good mining industry environmental practice.

     (d) Where available in appropriate quantities, topsoil shall be separately removed and stockpiled for final application after shaping of disturbed areas has been completed.

     (e) Appropriate measures shall be taken to control or reduce erosion, landslides, and water runoff.

     (f) Fisheries and wildlife habitats shall be rehabilitated to the extent practicable.

     (g) Disturbed areas shall, through seeding, fertilization, and other appropriate means (including natural revegetation, if appropriate), be revegetated with a diverse vegetative cover of species native to the area and similar to that on adjoining areas.

Pits, tailings, impoundments, waste rock piles, and other permanent disturbances need not always be filled, removed, or relocated, or recontoured to their original condition, but in all cases must at least be stabilized,

The parties acknowledge and agree that nothing contained in this Section 13.1 shall relieve NovaCopper from any obligations under the Reclamation Plan or impose additional obligations on NovaCopper over and above those contained in the Reclamation Plan.

     13.2 Funding of Reclamation. Unless otherwise mutually agreed by NANA and NovaCopper in writing, NovaCopper shall either establish an investment account for reclamation reserves and regularly deposit cash into such account, obtain letters of credit, post bonds or any combination thereof as operations progress in order to ensure that adequate funds will be available in the account to satisfy reclamation costs as needed, up to and including final reclamation at the end of mine life; provided, however, that the amount and nature of such reclamation funding must never be less than required by applicable law. Such reclamation costs will be estimated based upon the probable costs to be incurred to reclaim the Leased Lands as determined by a third party review to be conducted by NovaCopper on an annual basis in conjunction with the preparation of its financial statements. Any balance not used after reclamation is completed at one mine shall be rolled forward into the next mine started (or to be started) by NovaCopper in the geographic area covered by the Exploration Agreement or shall be paid out to NovaCopper if no new mines are expected to be developed within five (5) years after the completion of reclamation.

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14.0 Disposition of Facilities and Other Property Upon Termination.

     Upon termination of this Lease, for all or a portion of the Leased Lands, NovaCopper shall with due diligence carry out the reclamation activities specified in Section 13.1 ("Reclamation Policy"). NovaCopper shall be permitted access to the Leased Lands for a period up to thirty-six (36) months following the date of termination, and may remove all buildings, facilities, equipment, materials and other objects then present on such Leased Lands, except that NANA, at its sole election, may designate such buildings, facilities and other fixtures ("Facilities") which it wishes to exempt from this removal requirement. NovaCopper shall transfer and convey to NANA such Facilities that NANA elects to exempt from this Section 14.0, and NANA shall assume full responsibility for all reclamation required under this Lease for the Leased Lands beneath such Facilities, and shall indemnify NovaCopper and its Affiliates against any environmental or other liability arising on or from such Facilities or the Leased Lands beneath such Facilities. If equipment, materials, supplies, buildings, structures, or other improvements not exempt from the removal requirements of this Section 14.0 as provided herein remain on the Leased Lands thirty-six (36) months following the date of termination, NANA may, upon thirty (30) days written notice to NovaCopper, remove such improvements at NovaCopper's expense.

15.0 Geological Information and Annual Report.

     15.1 Material Provided by NovaCopper. On or before April 15 of each year during which this Lease is in effect, and within sixty (60) days following its termination, NovaCopper shall deliver to NANA a report summarizing its operations on the Leased Lands during the preceding Lease Year, a summary of NovaCopper's plans for the current lease year, and paper and electronic copies of any and all geological information and reports relating to the Leased Lands which NovaCopper obtained or generated during the preceding Lease Year. In addition, NovaCopper shall update NANA as to such technical matters on a regular and on-going basis through the Oversight Committee. Further, upon termination, NovaCopper shall provide such raw geological data as then in its possession regarding the Leased Lands in digital form. No representations or warranties are made by NovaCopper with respect to any geological information or reports furnished to NANA pursuant to this Section 15.0, and NANA agrees that NovaCopper shall have no liability to or through NANA or its successors and assigns resulting from the use or dissemination by NANA of any such information or reports. All such information shall be furnished "AS IS, WHERE IS". NovaCopper shall not be obligated to provide NANA any information that is subject to a separate confidentiality arrangement with a third party. Any data which is obtained by the use of any proprietary or confidential methodologies or techniques for ascertaining the existence, location, quantity, quality or value of any Minerals, including those under license or agreement on NANA land or in a property in which NANA has a royalty interest must be provided to NANA.

     15.2 Material Provided by NANA. NANA will allow NovaCopper access to all title and geological information in NANA's possession relating to the Leased Lands on an "AS IS, WHERE IS" basis, without any representations or warranties concerning accuracy or completeness.

16.0 Inspection Rights; Audits.

     16.1 Inspection Rights. Subject to the limitations described below, NANA shall have the right to inspect and copy at its sole cost all records maintained by NovaCopper relating to the cost of any and all Exploration, Development and Mining operations conducted pursuant to this Lease solely for the purpose of verifying NovaCopper's calculations hereunder. In addition, NANA shall have the right to inspect all operations of NovaCopper under this Lease in a reasonable manner and at all reasonable times.

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NANA shall keep all such records and information confidential in accordance with Section 17.0 ("Confidentiality"). NANA shall indemnify and hold harmless NovaCopper and its Affiliates from any and all claims or liabilities for damages arising out of any death, personal injury, or property damage sustained by NANA, or its agents or employees while in or upon the Leased Lands as permitted under this Section 16.0 to the extent such claims and liabilities arise from the negligent acts, omissions, or willful misconduct of NANA or its agent or employees.

     16.2 Audits. NANA shall have the right to audit all calculations and payments by NovaCopper of Net Smelter Returns Royalties, Disturbed Land Fees and Sand and Gravel Payments solely for the purpose of verifying NovaCopper's calculations hereunder within twenty-four (24) months following the end of any Lease Year. All claims upon NovaCopper with respect to payments made during a Lease Year must be made by NANA within thirty (30) months after the end of that Lease Year. Failure to make any claim within said thirty (30) month period shall mean the calculation, payment or audit is binding upon the parties. All audits shall be conducted under the direct supervision of one or more certified public accountants selected and paid for by NANA at its sole expense unless such audit discloses a material impropriety or material discrepancy, in which instance NovaCopper shall reimburse NANA for all costs reasonably incurred by NANA in connection with such audit.

17.0 Confidentiality.

     17.1 General. As long as this Lease is in effect, the financial terms of this Lease and all other non-public information obtained in connection with this Lease shall be held confidential by NANA and NovaCopper, and shall not be disclosed to third parties by NANA or NovaCopper without the prior written consent of the other, which consent shall not be unreasonably withheld. In addition, the obligations in this Section 17.0 shall be continuing ones notwithstanding the fact that a party may have assigned its interest in this Lease and ceased to be a party to this Lease.

     17.2 Exceptions. The prior written consent required by Section 17.1 shall not apply to a disclosure:

     (a) to an Affiliate, attorney, accountant, consultant, officer, director, employee, contractor, or subcontractor that has a bona fide need to be informed;

     (b) to any third party in response to any subpoena, request for production of documents, interrogatory or other process issued by any court, governmental agency or governmental authority, or in connection with any proceeding before such a court, agency or authority;

     (c) to any third party with whom the disclosing party is conducting bona fide negotiations in connection with a sale, assignment, or other disposal or in connection with any financing, whether such financing is related to the Leased Lands or otherwise;

     (d) to a governmental agency, to the public, or to a Shareholder which the disclosing party believes in good faith is either required by applicable law, the rules of any stock exchange on which the securities of such party or an Affiliate are listed, or which is necessary to secure a Village Consent; and

     (e) to any third party pursuant to the requirements of the Section 7(i) Settlement Agreement.

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For any disclosure permitted under Subsection 17.2(b), the disclosing party shall use best efforts to provide advance notice of the demand for disclosure to afford the non-disclosing party an opportunity to oppose or to seek a limitation on such disclosure from an appropriate court or other governmental agency. For any disclosure permitted under Subsections 17.2(c), (d) or (e), the disclosing party shall give notice to the other party concurrently with the disclosure. In addition, as to any disclosure made pursuant to Subsections 17.2(a), (b), (c), (d) and (e), only such confidential information as such third party shall have a legitimate need to know, and/or the legal right to acquire, shall be disclosed and the disclosing party shall, in the case of NovaCopper, treat the same as it treats disclosures of its own proprietary information and in the case of NANA, shall use all reasonable efforts to obtain from such third party an agreement in writing to protect the confidential information in accordance with this Section 17.0. In the case of the disclosure of geological or other such information to a third party, the disclosing party shall use reasonable efforts to obtain from such third party an agreement in writing not to stake or otherwise acquire any mining claim or other real property interest in any lands (other than Leased Lands) within one mile of any lands affected by the information for a period of two (2) years after receipt of the information, and that no representations or warranties are made by NovaCopper or NANA with respect to geological information or reports furnished pursuant to this Section 17.0, and that neither NovaCopper nor NANA shall have any liability resulting from the use or dissemination of any such information or reports by such third party.

     17.3 Termination. NovaCopper shall, subject to the foregoing exceptions, be required to hold the financial terms of this Lease and all other non-public information obtained in connection with the performance of this Lease confidential for two (2) years after the expiration or termination of this Lease.

18.0 Real Property Taxes.

     NovaCopper shall pay any and all real property taxes and assessments relating to NANA's interest in the Leased Lands levied by the State of Alaska, any municipality, or any other governmental entity. Such taxes and assessments shall be prorated for any year in which this Lease is in effect for only a portion of the relevant tax or assessment year. NovaCopper shall pay any and all taxes or assessments levied or accrued after the expiration or termination of this Lease until NovaCopper removes improvements pursuant to its obligations under Section 14.0 ("Disposition of Facilities and Other Property upon Termination"). NANA shall promptly deliver to NovaCopper copies of any and all notices which it receives relating to any such taxes or assessments. NovaCopper shall have the right, but not the obligation, to contest the amount or validity of any such taxes or assessments, and may pay under protest or withhold payment of all or any portion thereof for so long as it may contest the levy or assessment thereof in good faith in appropriate administrative or judicial proceedings. If payment is withheld, any amount so withheld shall be retained in an escrow or other suitable separate account as a contingency against possible future payment. Any fees for such an account shall be paid out of interest earned on the funds in the account. In the event of any such contest, NANA shall cooperate fully with NovaCopper and shall execute any and all documents reasonably necessary to permit NovaCopper to pursue such contest. NovaCopper shall not permit or suffer the Leased Lands, or any part thereof, to be conveyed, or NANA's title thereto to be lost, as the result of nonpayment of any such tax or assessment for which NovaCopper is responsible and with respect to which NovaCopper has received notice. NovaCopper shall furnish to NANA duplicate receipts for all such taxes and assessments when paid.

19.0 Representations and Warranties.

     19.1 General Representations and Warranties.

     (a) NANA hereby represents and warrants that (1) it is an Alaska Native regional corporation, duly incorporated and in good standing under the laws of the State of Alaska, (2) it is qualified to do business in the State of Alaska, and (3) the person executing this Lease for and on behalf of NANA is duly authorized to do so; and (4) this Lease has been approved by all necessary NANA corporate action and, when executed, will be a valid and binding agreement enforceable against NANA in accordance with its terms and shall not violate any other agreement to which it is a party or by which its properties are bound.

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     (b) NovaCopper hereby represents and warrants that (1) it is a Delaware corporation, duly incorporated and in good standing under the laws of Delaware, (2) it is qualified to do business in the State of Alaska, and (3) the person executing this Lease for and on behalf of NovaCopper is duly authorized to do so and (4) this Lease has been approved by all necessary NovaCopper corporate action and, when executed, will be a valid and binding agreement enforceable against NovaCopper in accordance with its terms and shall not violate any other agreement to which it is a party or by which its properties are bound.

     19.2 Title Representations, Warranties and Covenants. Except as specifically set forth in this Section 19.2, NANA makes no express or implied representations or warranties of title to any Leased Lands. NANA hereby represents and warrants that:

     (a) it has the full corporate power and authority to enter into this Lease and to make the grants to NovaCopper described in this Lease;

     (b) it has no material contractual commitments or obligations which relate to or affect the Leased Lands;

     (c) no claim, demand, cause of action, administrative or other proceeding, lawsuit, or other litigation is pending or is threatened against NANA which now or would hereafter adversely affect the Leased Lands or the ability of NovaCopper to conduct operations under this Lease thereon;

     (d) none of its officers and directors have actual knowledge of any material adverse environmental condition on or affecting the Leased Lands; and

     (e) any information that it has presented to NovaCopper with respect to the Leased Lands is, to the best of NANA's knowledge, accurate.

     [NTD: each of the foregoing clauses may be subject to variance by attached schedules identifying particular exceptions]

     NovaCopper may, subject to NANA's consent (which consent shall not be unreasonably withheld), at its option and without waiver of any claims against NANA in respect thereof, take all actions necessary (including judicial proceedings) to cure any defect in NANA's title to the surface or subsurface estate of the Leased Lands. NANA agrees to cooperate with NovaCopper in any such actions taken, to execute all documents, and to take such other actions as may be reasonably necessary to assist NovaCopper. Any costs incurred by NovaCopper in curing defects in NANA's title to the surface or subsurface estate of the Leased Lands (including attorneys' fees) shall be credited toward amounts due NANA under Section 5.0 ("Production Royalties") above. Alternatively, NovaCopper shall, if so requested by NANA, allow NANA to take all necessary actions to cure title to Leased Lands.

     19.3 Survival/No Merger. The representations and warranties contained in this Section 19.0 shall survive the termination of this Lease and shall not be merged with any subsequent representations and warranties made by the applicable party in any subsequent agreement between the parties affecting the Leased Lands.

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20.0 Voluntary Termination by NovaCopper.

     20.1 NovaCopper may terminate this Lease as to all or any portion or portions of the Leased Lands at any time by delivering written notice to that effect to NANA, which termination shall be effective on the one hundred eightieth (180th) day after the effective date of receipt of such notice or on a later date specified in the notice.

     20.2 NovaCopper's right to terminate this Lease as to a portion of the Leased Lands is subject to the following restrictions:

     (a) Leased Lands designated for termination from this Lease must be in legal subdivisions of at least forty (40) acres.

     (b) Leased Lands may not be designated for termination from this Lease until improvements have been removed from it and all reclamation has been completed thereon, including the receipt of any necessary approvals of such reclamation from governmental authorities having jurisdiction.

     (c) The Leased Lands remaining subject to this Lease, after termination as to a portion of the Leased Lands, must be contiguous and shall be designated by legal subdivisions of at least forty (40) acres and,

     (i) shall be reasonably compact taking into account the purpose of this Lease, and

     (ii) shall not include within their exterior boundaries Leased Lands which have been terminated from this Lease.

21.0 Termination for Material Breach.

     The failure of NovaCopper to keep or perform any material obligation on its part to be kept or performed according to the terms and provisions of this Lease shall, at the election of NANA, constitute a material breach of this Lease unless cured as hereinafter provided. In the event of any such material breach by NovaCopper, NANA shall first deliver to NovaCopper a written notice of its intention to declare a material breach of this Lease which specifies the particular material breach or breaches. NovaCopper shall then have, (a) in the case of any failure to pay money, twenty (20) days after delivery of such notice, or (b) in all other cases, thirty (30) days after delivery of such notice, in which to cure such specified material breach or breaches or, if such cure cannot reasonably be completed within such thirty (30) day period, NovaCopper shall commence to cure the same within such thirty (30) day period and thereafter diligently and without undue delay, complete such cure as soon as possible. If a specified material breach is not cured within said twenty (20) days or thirty (30) days (whichever is applicable), or if a specified material breach other than a failure to pay money is of such a nature that it cannot be cured within said thirty (30) days and NovaCopper fails to commence cure such material breach within said thirty (30) days or fails thereafter to proceed to cure such material breach with all possible diligence, NANA may terminate this Lease by delivering a written notice to that effect to NovaCopper. If NovaCopper disputes in good faith that a material breach exists, it shall deliver to NANA a written notice to that effect and (a) the dispute shall be resolved in accordance with Section 27.0 ("Dispute Resolution") of this Lease and (b) the time to cure any such material breach shall be tolled (but not NovaCopper's obligations to remit payments under Section 4.0 ("Lease Payments") of this Lease, except as specified in Section 28.0 ("Dispute Resolution") of this Lease) while the dispute is being resolved. Except as otherwise provided in Section 20.0 ("Voluntary Termination by NovaCopper"), this Lease may be terminated only on the basis of a material breach which is not timely cured.

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22.0 Effect of Termination.

     If this Lease expires or is terminated for any reason whatsoever, the parties shall be relieved of all further rights, obligations, and liabilities under this Lease, except for rights, obligations, or liabilities arising prior to such expiration or termination, regardless of whether such rights, obligations, or liabilities are asserted after such expiration or termination; provided, however, that the obligation to remit payments to NANA as set forth in Section 4.1 ("Disturbed Land Payments") shall continue until reclamation has been completed and improvements removed from the Leased Lands.

23.0 Surrender of Possession and Reconveyance.

Upon the expiration or termination of this Lease, NovaCopper (a) shall surrender the Leased Lands to NANA except to the extent NovaCopper needs or desires to retain possession of the Leased Lands to exercise, fulfill, or discharge any rights, obligations, or liabilities of NovaCopper that accrued prior to the expiration or termination of this Lease and (b) shall execute, acknowledge, and deliver to NANA a release of this Lease and a quitclaim deed conveying to NANA all right, title, and interest of NovaCopper in and to the Leased Lands which it acquired under the terms of this Lease. If NovaCopper needs or desires to retain possession of the Leased Lands after the expiration or termination of this Lease to exercise, fulfill, or discharge any accrued rights, obligations, or liabilities of NovaCopper, then on or before the effective date of expiration or termination of this Lease NovaCopper shall deliver to NANA a notice describing in reasonable detail the accrued rights, obligations, and liabilities of NovaCopper which NovaCopper needs or desires to exercise, fulfill, or discharge and the operations which NovaCopper will undertake to exercise, fulfill, or discharge such accrued rights, obligations, and liabilities, as well as the anticipated duration and timing thereof.

24.0 Force Majeure.

     24.1 Effect. If a Party is prevented or delayed from performing any of its obligations under this Lease or from exercising any of its rights under this Lease by reason of any cause of force majeure, then such failure to perform such obligation or to exercise such right shall not be deemed a breach, default, or waiver under this Lease, and the requirement to perform any such obligation shall be suspended during such period of disability, and the time for performance of any such obligation or the time in which any such right may be exercised shall be extended for a period of time equivalent to the period or periods of disability. The Party claiming force majeure shall notify the other Parties of the force majeure within a reasonable time after the occurrence of the facts relied on and shall keep all Parties informed of all significant developments. Such notice shall give reasonably full particulars of the force majeure and also estimate the period of time which the Party will probably require to remedy the force majeure. The affected Party shall use all reasonable diligence to remove or overcome the force majeure situation as quickly as possible in an economic manner but shall not be obligated to settle any labor dispute except on terms acceptable to it, and all such disputes shall be handled within the sole discretion of the affected Party.

     24.2 Definition. As used herein, force majeure includes all events, whether foreseeable or unforeseeable, which are beyond the reasonable control of such party and which cannot be overcome by such party through the exercise of normal means and at a reasonable expense, including labor disputes (however arising and whether or not employee demands are reasonable or within the power of the party to grant); acts of God; laws, regulations, orders, proclamations, instructions or requests of any government or governmental entity; judgments or orders of any court; curtailment or suspension of activities to remedy or avoid an actual or alleged, present or prospective violation of federal, state or local environmental standards; acts of war or conditions arising out of or attributable to war, whether declared or undeclared; riot, civil strife, insurrection or rebellion; fire, explosion, earthquake, storm, flood, sink holes, drought or other adverse weather condition; delay or failure by suppliers or transporters of materials, parts, supplies, services or equipment or by contractors' or subcontractors' shortage of, or inability to obtain, labor, transportation, materials, machinery, equipment, supplies, utilities or services; accidents; breakdown of equipment, machinery or facilities; or any other cause whether similar or dissimilar to the foregoing.

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25.0 Assignment.

     25.1 Assignment by NovaCopper.

     (a) Subject to Section 25.1(b), the rights and obligations of NovaCopper under this Lease may be assigned (including, without limitation, changes in corporate control, mortgages and hypothecations) only with the prior written consent of NANA, which consent shall not be unreasonably withheld; provided, however, that NANA consent is not required for a change in corporate control of NovaCopper, if NovaCopper or the ultimate parent of NovaCopper is then publicly-traded on a recognized securities exchange or for any assignment of this Lease to an Affiliate. In order for any assignment by NovaCopper or its subsequent assignees to be effective as against NANA, the assignee must agree in writing to be bound by the terms and provisions of this Lease, and such provision shall be incorporated in and made part of each such instrument of assignment or transfer. In addition, the assignee shall enter into an agreement, in form and substance satisfactory to NANA acting reasonably, under which the assignee agrees that it will comply with the provisions of Sections 5, 6 and 12 of the Exploration Agreement with respect to the Leased Lands and its operations under this Lease.

     (b) Notwithstanding Section 25.1(a), NovaCopper may mortgage, hypothecate or similarly encumber its interest under this Lease in connection with debt financing arrangements for a project on the Leased Lands to the extent:

     (i) such encumbrance is granted as security for project debt; and

     (ii) such encumbrance shall provide that in connection with any foreclosure, transfer in lieu or other enforcement rights in the security interest, the acquiring third party shall be bound by the terms of this Agreement and shall only acquire the rights of an assignee under the terms of this Agreement.

     25.2 Assignment by NANA. The rights and obligations of NANA under this Lease may not be assigned in whole or in part at any time, except to an Affiliate of NANA, without the prior written consent of NovaCopper, which consent shall not be unreasonably withheld. Any assignee of NANA shall agree in writing to be bound by the terms and provisions of this Lease. All assignments which NANA or its successors or assigns may grant shall be subject and subordinate to the rights and interests granted hereunder to NovaCopper and shall not prevent or interfere in any way with any of NovaCopper's operations under this Lease. The provisions of the last preceding sentence shall be incorporated in and made a part of each such instrument of assignment or transfer.

     25.3 Assignment of Production Royalties. If NANA wishes to transfer, directly or indirectly, all or any part of its interest in the Production Royalties referred to in Section 5.0 (other than by mortgage, pledge or similar encumbrance for the purpose of granting security), NovaCopper shall have a right of first refusal to acquire such interest in accordance with the following:

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     (a) if NANA is intending to transfer all or any part of its interest in the Production Royalties, it shall promptly notify NovaCopper of its intentions in a written notice which states the price and all other pertinent terms and conditions of the intended transfer including the name of the proposed transferee. If the consideration for the intended transfer is, in whole or in part, other than cash, the notice shall describe such consideration and its cash equivalent (based upon the fair market value of the non-cash consideration and stated in cash);

     (b) NovaCopper shall have 60 days from the date such notice is delivered to notify NANA whether it elects to acquire the offered interest at the same price (or its cash equivalent) and on the same terms and conditions as set forth in the notice. If it does so elect, the transfer shall be consummated within 15 days after notice of such election is delivered to NANA;

     (c) if NovaCopper fails to so elect within the period provided for in paragraph (b) above, NANA will have 90 days following the expiration of such period to consummate the transfer to a third party at a price and on terms no less favourable than those offered by NANA to NovaCopper in the notice required in clause (a) above; and

     (d) if NANA fails to consummate the transfer to a third party within the period set forth in clause (c) above, the right of first refusal of NovaCopper with respect to the Production Royalties shall be deemed to be revived. Any subsequent proposal to transfer such interest in the Production Royalties shall be conducted in accordance with all of the procedures set forth in this Section 25.3.

     25.4 Notice of Assignment. No assignment shall be binding upon a non-assigning party unless and until written notice thereof is delivered to the non-assigning party.

     25.5 Change of Ownership. No change of ownership of the Leased Lands as permitted under this Lease shall be binding upon NovaCopper with respect to making payments, regardless of whether NovaCopper has actual or constructive knowledge of the change of ownership, until thirty (30) days after NovaCopper has received from NANA as appropriate a certified copy of the recorded instrument or instruments satisfactory, in the opinion of NovaCopper, to evidence the change of ownership and to establish the right, title, or interest of the claiming party and the extent thereof. Regardless of any ownership change, all payments that NovaCopper may make under this Lease shall be made in accordance with the terms of this Lease. No change of ownership shall entitle any person to receive payments in any manner different from the manner provided herein.

     25.6 Single Agent for Payment. In the event that payments due to NANA under this Lease are or become payable to two (2) or more parties, those parties shall appoint, and shall deliver to NovaCopper a document executed by all of those parties that designates the name and address of a single agent or trustee to whom NovaCopper shall make all payments. Until NovaCopper receives such designation, NovaCopper may withhold all payments. Payments withheld, if any, shall be deposited with the single agent or trustee within twenty (20) days after NovaCopper's receipt of the designation. No interest shall be payable on payments withheld pursuant to this Section 25.6. NovaCopper shall have no responsibility as to the division of payments paid among the parties except as to NANA. If NovaCopper makes a payment or payments in accordance with the provisions of this Section 25.6, it shall be conclusively deemed that such payment or payments have been received by NANA. All charges of the agent or trustee shall be borne by the parties receiving payments.

26.0 Recording of Memorandum Agreement.

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Upon the execution of this Lease, NANA and NovaCopper shall execute and acknowledge a Memorandum Agreement (in the form attached hereto as Exhibit C), describing the contents of this Lease and the Leased Lands and rights affected thereby. NovaCopper shall cause said Memorandum Agreement to be recorded in the Kotzebue Recording District, State of Alaska, and NovaCopper shall pay any and all required recording fees. This Lease shall not be recorded.

27.0 Rotation Schedules.

     In keeping with NANA's desire that no permanent communities be developed at a mine or port site on NANA Land, all rotation schedules for employees at the mine shall be arranged so that no employee would be a permanent resident at any such site on NANA Land. To the extent practicable, NovaCopper will attempt to use rotation schedules which are conducive to the objectives of this Section 27.0.

28.0 Dispute Resolution.

     Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be resolved by proceedings in a court of competent jurisdiction in Alaska, unless the Parties then agree that a particular controversy or claim should be resolved in some other manner.

29.0 Notices, Payments and Delivery.

     29.1 Written Notices. All notices contemplated by this Lease shall be in writing.

     29.2 Payments. All payments contemplated by this Lease shall be made by bank wire transfer, certified check, or cashier's check.

     29.3 Delivery by Mail. Any notice, payment, or other document contemplated by this Lease may be delivered by mail if mailed by United States certified or registered mail, return receipt requested, postage prepaid, and addressed as follows:

If to NANA:  
   
NANA Regional Corporation, Inc.  
P. O. Box 49  
Kotzebue, Alaska 99752  
Attention: President  
Telephone No.: (907) 442-3301  
Telecopy No.: (907) 442-2866  
Email:[*]  
   
With a copy to: and to:
   
NANA Regional Corporation, Inc. NANA Regional Corporation, Inc.
3150 C Street, Suite 150 1001 East Benson Boulevard
Anchorage, Alaska 99503 Anchorage, Alaska 99508
Attention: Vice President - Resources Attention: General Counsel
Telephone No.: (907) 265-4360 Telephone No.: (907) 265-4148
Telecopy No.: (907) 343-5769 Telecopy No.: (907) 265-4378
Email:[*] Email:[*]

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If to NovaCopper:
 
NovaCopper US Inc.
 
 
 
Telephone No.:
Telecopy No.:
Email:[*]

Delivery by mail shall be deemed effective and complete when the notice, payment, or other document is actually delivered to the applicable address set forth above.

     29.4 Delivery by Electronic Communication. Any notice or other document contemplated by this Lease may be delivered by electronic communication at the party's telecopy number or email described in Section 29.3 ("Delivery by Mail") or at such other telecopy number or email as the party may designate in writing pursuant to Section 29.6 ("Change of Address"). Delivery by electronic communication must be followed by a delivery by mail or by personal service as described in Section 29.3 ("Delivery by Mail") or 29.5 ("Delivery by Personal Service"), respectively, and shall be deemed effective and complete only when the notice or document has been delivered pursuant to Section 29.3 ("Delivery by Mail") or 29.5 ("Delivery by Personal Service"), as applicable.

     29.5 Delivery by Personal Service. Any notice, payment, or other document contemplated by this Lease may be delivered by personally serving said notice, payment, or other document upon the party at the address indicated in Section 29.3 ("Delivery by Mail") or at such other address as the party may designate in writing pursuant to Section 29.5 ("Change of Address"). In the event of delivery by personal service, no mailing of the notice, payment or other document shall be necessary, and delivery shall be deemed effective and complete on the date of said personal service.

     29.6 Change of Address. The address to which a party desires that notices, payments, and other documents be delivered may be changed at any time by giving written notice to that effective to the other parties.

30.0 General Provisions.

     30.1 United States Currency. All references to dollars in this Lease refer to United States currency.

     30.2 Time. Time is of the essence of this Lease.

     30.3 Waiver. The failure of any party to insist upon the strict performance of any provision of this Lease or to exercise any right, power, or remedy consequent upon a breach thereof shall not constitute a waiver by said party of any such provision, breach, or subsequent breach of the same or any other provision.

     30.4 Remedies. Except as otherwise provided in this Lease, the parties shall be entitled to any and all remedies provided by law.

     30.5 Counterparts. This Lease may be executed in any number of counterparts, each of which shall be deemed an original, and all of which, taken together, shall constitute a single agreement. This Lease shall not become binding upon any party unless and until each party has executed at least one counterpart of this Lease (which counterpart need not be the same counterpart executed by the other party) and has then forwarded a copy of the signature page of said counterpart to every other party certifying that it is a true and correct copy of the signature page of the Lease.

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     30.6 Further Actions. The parties hereby agree to take any and all actions and execute, acknowledge, and deliver any and all documents reasonably necessary to affect the purposes of this Lease.

     30.7 Modification of Lease. This Lease may be modified only by a document in writing executed by all of the parties hereto.

     30.8 Law Governing. This Lease shall be interpreted and construed in accordance with, and governed and enforced in all respects by, the laws of the State of Alaska, excluding choice of law provisions.

     30.9 Construction. Each party has had the assistance of counsel in negotiating and drafting this Lease, so the rule calling for agreements to be construed against the drafter shall not apply.

     30.10 Severability. If any provision of this Lease or any application thereof shall be invalid or unenforceable, the remainder of this Lease and any other application of such provision shall not be affected thereby.

     30.11 Implied Covenants. Except for a covenant of good faith and fair dealing, no other implied covenants are contained in this Lease.

     30.12 Binding Effect. The rights, obligations, and liabilities set forth in or arising under this Lease shall extend to, be binding upon, and inure to the benefit of the successors and assigns of the respective parties.

     30.13 Section Headings; Plural. The descriptive Section headings throughout this Lease are for convenience and reference only, and the words contained therein shall not be held to expand, modify, amplify, or aid in the interpretation or construction of this Lease. Words (including defined terms) using or importing the singular number include the plural and vice versa.

     30.14 Entire Lease. This Lease, together with the Exploration Agreement and Option to Lease dated October 19, 2011 between NovaCopper US Inc. and NANA Regional Corporation, Inc., constitute the entire agreement with respect to the subject matter contained herein and supersede all prior understandings and negotiations of the Parties. Without limiting the generality of the foregoing, the Parties specifically intend that the provisions contained in Articles 5 ("Oversight Committee"), 6 ("Sustainability Committee"), and 12 ("Contract Preference") of the Exploration Agreement and Option to Lease shall have continuing effect, and in the event of any conflict or difference between those provisions and the provisions of this Agreement, the provisions in the Exploration Agreement and Option to Lease shall control.

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     IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the date first hereinabove set forth.

NANA REGIONAL CORPORATION, INC.

By:  
     
Its:  
     
NOVACOPPER US INC.  
     
By:  
     
Its:  

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STATE OF ALASKA )  
  ) ss.
______   JUDICIAL DISTRICT )  

              THIS IS TO CERTIFY that on the ____ day of __________ , 199__, at _______________ , Alaska, the foregoing instrument acknowledged before me by _____________________________ , the _______________ of NANA REGIONAL CORPORATION, INC., an Alaska Native regional corporation, on behalf of said corporation.

              IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  Notary Public in and for Alaska
  My Commission Expires: _________________________

STATE OF )  
  ) ss.
COUNTY OF )  

              THIS IS TO CERTIFY that on the ____ day of ___________ , 199__, at ___________ , Alaska, the foregoing instrument acknowledged before me by  ____________________ , in their capacity as __________________________ of NOVACOPPER US INC., a Delaware corporation, on behalf of said corporation.

              IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  Notary Public in and for Alaska
  My Commission Expires: _________________________

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EXHIBIT A

TO MINING LEASE

[Description of Leased Lands, separated under headings "Bornite Lands" and "ANCSA Lands"]

EXHIBIT B
TO MINING LEASE

Net Smelter Returns

  A.

Sale of Concentrates, etc.

     In the event that NovaCopper sells ores, concentrates, or any other primary or intermediate Minerals produced from the Leased Lands, Net Smelter Returns means the Receipts (as defined in item C, below) actually received or deemed to have been received by NovaCopper from the sale of such Mineral, less to the extent paid or incurred by NovaCopper, (a) the cost of transportation (including insurance) between NovaCopper's mill, or other facility and buyer, (b) the cost of assaying, sampling, umpire charges, and independent representative charges, and (c) taxes (other than income taxes) imposed upon or in connection with producing transporting, and selling such Minerals, to the extent the foregoing are deductible under generally accepted accounting principles in the United States and practices consistently applied by NovaCopper.

  B.

Refined Minerals.

     In the event NovaCopper produces or has produced through a tolling/refining contract or any other transaction resulting in NovaCopper owning title to refined Minerals, Net Smelter Returns means the Receipts actually received or deemed to have been received from sale of the refined Minerals less the following costs attributed to that production, to the extent paid or accrued by NovaCopper prior to the date payment is due NANA under Section 4.0 ("Production Royalties") of the Lease: (a) the costs of transportation from NovaCopper's mill to the smelter or refiner and to buyer, if not sold F.O.B. smelter or refinery, (b) the costs of assaying, sampling, smelting, and refining said Minerals by NovaCopper or the treatment or refining charges of a smelter or refiner, including penalties, tolling costs, umpire charges, and independent representative charges, (c) taxes (other than income taxes) imposed upon or in connection with producing, transporting, and selling said Minerals, and (d) costs of sale, if any actually paid or incurred by NovaCopper prior to the date payment is due NANA. In the event that NovaCopper uses its own smelter or refinery, the allowable deduction of smelting and refining shall not exceed the costs of a comparable third party smelter or refiner. In any case, NANA shall have no right to participate in any hedging, trading, or other similar transaction undertaken by NovaCopper or its Affiliates involving refined Minerals derived from the Leased Lands.

  C.

Receipts.

     "Receipts" shall be all revenues actually received during the calendar month from the sale of Minerals as follows: (1) if Minerals derived from the Leased Lands are sold to a smelter, refiner, or other purchaser (other than NovaCopper or its Affiliates), Receipts shall equal the amount of revenues actually received by NovaCopper from the smelter, refiner, or other purchaser of Minerals, plus any bonuses and subsidies, less all penalties, assaying, and sampling charges whether deducted by the purchaser or paid or incurred by NovaCopper; or (2) if Minerals derived from the Leased Lands are sold to NovaCopper or an Affiliate of NovaCopper, then for purposes of determining Receipts, such Minerals shall be deemed conclusively to have been sold when, after measurement, sampling and assaying in accordance with accepted mining industry practice applied in connection with third party sales, such

Minerals are delivered to NovaCopper or its Affiliates, and "Receipts" from such deemed sale shall be the fair market value (the value if sold in an arm's length transaction to an unrelated third party purchaser) of such Minerals at the date of the deemed sale; or (3) if NovaCopper produces or has produced through a tolling/refining contract or any transaction that results in NovaCopper owning title to refined Minerals, Receipts means the amount actually received by NovaCopper upon the sale of such refined Minerals (if sold to a purchaser other than NovaCopper or its Affiliates); or (4) if refined Minerals derived from the Leased Lands are retained by NovaCopper or sold to an Affiliate of NovaCopper, then for purposes of determining Receipts, such Minerals shall be deemed conclusively to have been sold when delivered in refined form to NovaCopper or its Affiliate, and "Receipts" from such deemed sale shall be the fair market value (the value if sold in an arm's length transaction to an unrelated third party purchaser) of such refined Minerals at the date of the deemed sale or, if NovaCopper and NANA cannot agree on such value, then at the applicable London Metal Exchange daily cash settlement price for such refined Minerals.

D.

Commingling.

     NovaCopper shall have the right to commingle ore and minerals from the Leased Lands with ore and Minerals from other properties; provided, however, that NovaCopper shall calculate from representative samples the average grade of the ore and shall weigh (or calculate by volume) the ore before commingling. If concentrates are produced from the commingled ores by NovaCopper, NovaCopper shall also determine from representative samples the average metallurgical recovery percentage for all concentrates produced during the calendar quarter. In obtaining representative recovery percentages, NovaCopper may use any reasonably applicable procedures accepted in the mining and metallurgical industry in similar circumstances which it believes suitable for the type of mining and processing activity being conducted which will lead to a reasonably accurate result and, in the absence of fraud, its choice of such procedures shall be final and binding on NANA and its successors and assigns. NANA will be an active participant in developing the protocol for commingling. In addition, comparable procedures may be used by NovaCopper to apportion among the commingled ores penalty charges, if any, imposed by the purchase of such ore or concentrates.

EXHIBIT C
TO MINING LEASE

Memorandum Mining Lease

RECORD THIS INSTRUMENT IN THE KOTZEBUE RECORDING DISTRICT

RETURN THIS INSTRUMENT TO:  
   
   
   

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
 
MEMORANDUM MINING LEASE
 
by and among
 
NANA REGIONAL CORPORATION, INC.
 
and
 
NOVACOPPER US INC.
 
[Date]
 
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

INDEX THIS INSTRUMENT AS FOLLOWS:

  Grantor: NANA REGIONAL CORPORATION, INC.
     
  Grantee: NOVACOPPER US INC.

THE Leased LANDS AFFECTED BY THIS INSTRUMENT ARE DESCRIBED IN EXHIBIT A ATTACHED HERETO.

     THIS MEMORANDUM MINING LEASE (this "Memorandum Lease"), entered into on _________________ , by and among NANA REGIONAL CORPORATION, INC. ("NANA"), an Alaska Native regional corporation, the address of which is P. O. Box 49, Kotzebue, Alaska 99752, and NOVACOPPER US INC. ("NovaCopper"), a Delaware corporation, the address of which is __________________________;

WITNESSETH:

     WHEREAS, NANA and NovaCopper have entered into that certain unrecorded Mining Lease ("Mining Lease") dated as of _______________ , affecting certain property situated in the Kotzebue Recording District, State of Alaska; and

     WHEREAS, NANA and NovaCopper desire to enter into this Memorandum Lease in order to provide constructive notice of the Mining Lease and the rights of the parties thereunder,

     NOW, THEREFORE, in consideration of the promises and covenants contained herein, NANA and NovaCopper hereby agree as follows:

I.

Incorporation of Provisions of Mining Lease.

     The provisions of the Mining Lease are hereby incorporated by reference into this Memorandum Lease for all purposes. This Memorandum Lease is not intended to alter or vary any provision of the Mining Lease.

II.

Grant of Lease.

     Pursuant to the Mining Lease, NANA hereby leases the Leased Lands described in Exhibit A ("Leased Lands") to NovaCopper to conduct mineral exploration, development, and mining operations thereon, to mine, remove, and sell any and all Minerals (as defined in the Mining Lease) situated therein, thereon, or thereunder, and to do any and all things reasonable related thereto or in furtherance thereof, in accordance with the terms and provisions set forth in the Mining Lease, to have and to hold through December 31 of the [twenty-fifth] Lease Year and as long thereafter as there is Commercial Production from the Leased Lands or other operations, including reclamation, authorized or required being conducted on the Leased Lands. The term of this Memorandum Lease is identical to the term of the Mining Lease.

III.

Royalty.

     Pursuant to the Mining Lease, NANA reserves unto itself and its successors, and NovaCopper shall pay to NANA during the term of the Mining Lease and this Memorandum Lease except as otherwise set forth in the Mining Lease, a net smelter returns royalty of two percent (2%) of all Net Smelter Returns received by NovaCopper from minerals produced from the lands described on Exhibit A-1 or two and a half percent (2.5%) of all Net Smelter Returns received by NovaCopper from minerals produced from the lands described on Exhibit A-2 during each Lease Year.

     IN WITNESS WHEREOF, the parties hereto have executed this Memorandum Lease as of the date first hereinabove set forth.


  NANA REGIONAL CORPORATION, INC.
     
  By:  
     
  Its:  
     
  NOVACOPPER US INC.
     
  By:  
     
  Its:  

STATE OF ALASKA )
  )    ss.
_____________  JUDICIAL DISTRICT )

     This is to certify that on the ______day of _______________ , 199__, at ___________________ , Alaska, the foregoing instrument was acknowledged before me by ____________________________ , the _________________________ of NANA REGIONAL CORPORATION, INC., an Alaska Native regional corporation, on behalf of said corporation.

     IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  Notary Public in and for Alaska
  My Commission Expires: _________________________

STATE OF )
  )      ss.
COUNTY OF )

     This is to certify that on the ______day of ________________ , 2___, at _________ , the foregoing instrument was acknowledged before me by ________________________ , in their capacity as ______________________________ of NOVACOPPER US INC., a Delaware corporation, on behalf of said corporation.

     IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  Notary Public in and for Alaska
  My Commission Expires: _________________________

Schedule 7

SURFACE USE AGREEMENT

by and between

NANA REGIONAL CORPORATION, INC.

and

NOVACOPPER US INC.

Effective Date: ____________

TABLE OF CONTENTS

1.0 DEFINITIONS 1
2.0 GRANT 3
     2.1      SITE ACCESS 3
     2.2      ANCILLARY RIGHTS 3
     2.3      WATER 3
     2.4      NOTICE 4
3.0 TERM 4
4.0 DISTURBED LAND PAYMENTS 4
     4.1      DISTURBED LAND PAYMENTS 4
     4.2      CPI ADJUSTMENT 5
5.0 PRODUCTION ROYALTIES 5
     5.1      NET SMELTER RETURNS ROYALTY 5
     5.2      NO IMPLIED DUTIES 5
     5.3      PAYMENT OF ROYALTIES 6
     5.4      RECORDS 6
6.0 SAND AND GRAVEL 6
7.0 OPERATIONS 7
     7.1      CONDUCT OF OPERATIONS 7
     7.2      HAZARDOUS SUBSTANCES 7
     7.3      NOTICE OF OPERATIONS 7
     7.4      CULTURAL AND ARCHEOLOGICAL FINDS 8
     7.5      PROHIBITIONS 8
     7.6      NANA PERMITTING COOPERATION 8
8.0 INDEMNIFICATION 8
     8.1      NOVACOPPER'S INDEMNIFICATION OF NANA 8
     8.2      PROCEDURE 9
     8.3      NANA'S INDEMNIFICATION OF NOVACOPPER 9
9.0 INSURANCE 9
     9.1      COVERAGE 9
     9.2      CERTIFICATES 10
     9.3      ADDITIONAL INSURED 10
     9.4      NOTICES OF OCCUPATIONAL INJURY 10
10.0 LIENS 10
11.0 RECLAMATION 11
     11.1      RECLAMATION POLICY 11
     11.2      FUNDING OF RECLAMATION 11
12.0 DISPOSITION OF FACILITIES AND OTHER PROPERTY UPON TERMINATION 12
13.0 INSPECTION RIGHTS; AUDITS 12
     13.1      INSPECTION RIGHTS 12
     13.2      AUDITS 12
14.0 CONFIDENTIALITY 13
     14.1      GENERAL 13

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     14.2      EXCEPTIONS 13
     14.3      TERMINATION 14
     
15.0 REAL PROPERTY TAXES 14
     
16.0 REPRESENTATIONS AND WARRANTIES 14
     
     16.1      GENERAL REPRESENTATIONS AND WARRANTIES 14
     16.2      TITLE REPRESENTATIONS, WARRANTIES AND COVENANTS 15
     16.3      SURVIVAL/NO MERGER 15
     
17.0 VOLUNTARY TERMINATION BY NOVACOPPER 15
     
18.0 TERMINATION FOR MATERIAL BREACH 16
     
19.0 EFFECT OF TERMINATION 16
     
20.0 SURRENDER OF POSSESSION AND RECONVEYANCE 17
     
21.0 FORCE MAJEURE 17
     
     21.1      EFFECT 17
     21.2      DEFINITION 17
     
22.0 ASSIGNMENT 17
     22.1      ASSIGNMENT BY NOVACOPPER 17
     22.2      ASSIGNMENT BY NANA 18
     22.3      ASSIGNMENT OF NET SMELTER RETURNS ROYALTY 18
     22.4      NOTICE OF ASSIGNMENT 19
     22.5      CHANGE OF OWNERSHIP 19
     22.6      SINGLE AGENT FOR PAYMENT 19
     
23.0 RECORDING OF MEMORANDUM AGREEMENT 19
     
24.0 ROTATION SCHEDULES 20
     
25.0 DISPUTE RESOLUTION 20
     
26.0 NOTICES, PAYMENTS AND DELIVERY 20
     26.1      WRITTEN NOTICES 20
     26.2      PAYMENTS 20
     26.3      DELIVERY BY MAIL 20
     26.4      DELIVERY BY ELECTRONIC COMMUNICATION 21
     26.5      DELIVERY BY PERSONAL SERVICE 21
     26.6      CHANGE OF ADDRESS 21
     
27.0 GENERAL PROVISIONS 21
     27.1      UNITED STATES CURRENCY 21
     27.2      TIME 21
     27.3      WAIVER 21
     27.4      REMEDIES 21
     27.5      COUNTERPARTS 21
     27.6      FURTHER ACTIONS 21
     27.7      MODIFICATION OF AGREEMENT 22
     27.8      LAW GOVERNING 22
     27.9      CONSTRUCTION 22
     27.10           SEVERABILITY 22
     27.11          IMPLIED COVENANTS 22
     27.12          BINDING EFFECT 22
     27.13          SECTION HEADINGS; PLURAL 22
     27.14          ENTIRE AGREEMENT 22

ii


Exhibit A-1: NANA Lands
Exhibit A-2: Ambler Lands
Exhibit B: Net Smelter Returns
Exhibit C: Memorandum Surface Use Agreement

iii

SURFACE USE AGREEMENT

     THIS SURFACE USE AGREEMENT (this "Agreement") is made and entered into as of the ____ day of _____________ , 20__, by and between NANA REGIONAL CORPORATION, INC. ("NANA"), a corporation organized pursuant to the provisions of the Alaska Native Claims Settlement Act, 43 U.S.C. § 1601, et seq. ("ANCSA") and the laws of the State of Alaska, the address of which is P. O. Box 49, Kotzebue, Alaska 99752, and NOVACOPPER US INC. ("NovaCopper"), a Delaware corporation, the registered address of which is 1031 West Fourth Avenue, Suite 600, Anchorage, Alaska, 99501-5905.

WITNESSETH:

     WHEREAS, NANA and NovaCopper entered into that certain Exploration Agreement and Option to Lease ("Exploration Agreement"), effective as of October 19, 2011, relating to inter alia, certain lands located in the Kotzebue Recording District, State of Alaska; and

     WHEREAS, pursuant to Section 9.1 of the Exploration Agreement, NANA agreed to enter into a surface use agreement if NovaCopper decided to mine a deposit located on mining claims then owned or thereafter acquired by NovaCopper within the Ambler Lands;

     NOW, THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, NANA and NovaCopper hereby agree as follows:

1.0 Definitions

     "Affiliate" means any corporation, joint venture, partnership or other legal entity that controls, is controlled by, or is under common control with a party to this Agreement. As used herein, "control" means direct or indirect possession of the power to direct or cause the direction of the management or policies of a legal entity, whether through ownership of voting securities, by contract, or otherwise, and the terms "controlled" and "controlling" have meanings correlative to the foregoing.

     "Ambler Lands" means the mining claims (together with any amended or relocated or substitute claims, or any leases or patents issued in connection therewith) held by or on behalf of NovaCopper, as described on Exhibit A-2.

     "Commercial Production" means the operation of the relevant property or any part of it as a mine for the production of Minerals but does not include milling for the purpose of testing or milling by a pilot plant. Commercial Production shall be deemed to have commenced on the first day of the month following the first 90 consecutive days during which Minerals have been produced from the relevant property at an average rate not less than 66.7% percent of the initial rated capacity of the permanent facilities.

     "Cut and Fill" means the disturbance or removal of sand, gravel and crushed rock (as defined in Section 6.0 ("Sand and Gravel") during the course of construction of specific drill sites, camp sites, other work sites or road construction provided, however, that in the case of road construction, such sand, gravel or crushed rock is moved no more than 500 feet for use in the same roadbed. Cutting and filling operations also include those operations involving the movement of dirt, rock and fill by means other than hauling by truck which are incidental to the construction of accommodations, transportation system, roads, port and other supporting facilities. Any material blasted, hauled by truck, put through a crusher or obtained from a borrow pit or quarry is not considered Cut and Fill.

1

     "Development" means all preparation for the removal and recovery of Minerals from the Ambler Lands, including the construction or installation of a mill or any other improvements to be used for the Mining, handling, milling, processing or other beneficiation of Minerals.

     "Disturbed Lands" means the surface of NANA Lands used by NovaCopper for Mining Support Activities or other operations authorized or conducted pursuant to this Agreement which results in actual and non-temporary use of the surface, including the surface of lands in the vicinity of the NANA Lands used for access in accordance with Section 2.1 ("Site Access"). Once such lands (whether NANA Lands or access lands) become Disturbed Lands, they shall remain Disturbed Lands until NovaCopper in good faith represents to NANA that such lands will not be used again for operations pursuant to this Agreement, and reclamation operations (if required) are completed thereon by NovaCopper pursuant to Section 11.0 ("Reclamation") of this Agreement. No portion of such lands shall be considered Disturbed Lands if NovaCopper's use is temporary or intermittent and if by such actions, such portion is not thereby subjected to the obligation to conduct reclamation by the terms of Section 11.0 ("Reclamation") hereof. No portion of such lands shall be considered Disturbed Lands if the disturbance is caused solely by the exercise of rights reserved by NANA or the Shareholders.

     "Exploration" means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Minerals on the Ambler Lands. Exploration may include all activities undertaken through the completion of a feasibility study, if any, but shall not include Development and will also include such activities that may also be conducted concurrently with Development and Mining.

     "Hazardous Substances" means any pollutants, hazardous waste, or hazardous substances as defined in or pursuant to the Resource Conservation Recovery Act (42 U.S.C. §§ 6901 et seq.) ("RCRA"), as now or hereafter amended; the Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. §§ 9601 et seq.) ("CERCLA") as now or hereafter amended; or any other federal, state or local environmental law, ordinance, rule or regulation (including AS 46.03.826 as now or hereafter amended).

     "Minerals" means gold, silver, copper, cobalt, lead, zinc, tin, and all other minerals, mineral products, mineral by-products, and mineral materials that are located on, in or under the Amber Lands, except (a) oil, gas, coal, oil shale, and any and all hydrocarbons associated with any of them, (b) fissionable minerals and materials, (c) geothermal resources, (d) sand, gravel, stone, and rock, except as provided in Section 6.0 ("Sand and Gravel"); and (e) jade and jadeite.

     "Mining" means the mining (by any method), extracting, crushing, producing, stockpiling, leaching, handling, milling, beneficiation and processing of Minerals from the Ambler Lands.

     "Mining Support Activities" means all activities undertaken by NovaCopper pursuant to Sections 2.1("Site Access") and 2.2 ("Ancillary Rights").

     "NANA Lands" means collectively, the Bornite Lands and the ANSCA Lands, each as defined in the Exploration Agreement.

     "Net Smelter Returns" means the net smelter returns of NovaCopper as calculated pursuant to Exhibit B attached hereto.

2

     "Operations" means all activities undertaken by NovaCopper in connection with the removal and recovery of Minerals from the Ambler Lands, including Exploration, Development and Mining.

     "Party" means NovaCopper or NANA; "Parties" means NovaCopper and NANA.

     "Release", when used in connection with both Hazardous and non-Hazardous Substances, means a release that is reportable to the applicable authorities under applicable federal or Alaska state law as then in effect.

     "Section 7(i) Settlement Agreement" means that certain Section 7(i) Settlement Agreement dated as of June 29, 1982, as amended.

     "Shareholder" means a person who is a shareholder of NANA, said person's spouse, or any lineal descendant or adoptee of said person.

     "Sustainability Matters" means (i) all matters relating to the location of facilities on the NANA Lands, other than facilities that will be in place for only a short period of time and are not reasonably anticipated to have any material impact on subsistence activities; (ii) matters which are likely to have a significant adverse affect on subsistence activities and/or cultural or social-economic dynamics within the region; (iii) decisions related to environmental management on the NANA Lands, including environmental management related to permitting, mine closure and reclamation plans, financial assurance vehicles, settlement of any lawsuits related to permitting, plans related to mitigation, monitoring and remediation of environmental issues, spill cleanup and expansion plans.

     "Village Consent" means such consent at a local level as may be required by law.

2.0 Grant

     2.1 Site Access. NANA hereby grants to NovaCopper the non-exclusive right, subject to securing any necessary Village Consents, to cross over, in, under or through the NANA Lands and other lands owned by NANA in the vicinity of the NANA Lands in order to provide reasonable access for roads, pipelines, utilities, haulage ways, drifts and other means of access to or from the Ambler Lands along routes approved by NANA, acting reasonably.

     2.2 Ancillary Rights. NANA hereby grants NovaCopper the right to use the surface of the NANA Lands to construct, use, maintain, repair, replace and relocate buildings, tailings ponds, waste dumps, structures, mills, processing facilities, stockpiles, landing areas, warehouses, storage areas, laydown yards, portals, pit laybacks, employee housing and other improvements and facilities reasonably required by NovaCopper in connection with its Operations, including, without limitation, the right to use so much of the NANA Lands as may be necessary or convenient for the storage, stockpiling, and permanent disposal of ore, broken rock, mine or other wastes, residues, tailings and other by-products of the Operations; provided, however, that such use is, as to Sustainability Matters, subject to prior review and approval by the Sustainability Committee and Oversight Committee, as provided in Sections 6 ("Sustainability Committee") and 5 ("Oversight Committee") of the Exploration Agreement.

     2.3 Water. NovaCopper will require various amounts of water in connection with its Operations and accordingly will be making applications from time to time with the Alaska Department of Natural Resources of the State of Alaska to obtain necessary water. NANA will join with NovaCopper on any permit or application which NovaCopper may file to secure or confirm any water rights NovaCopper deems necessary as to its Operations which relate to the NANA Lands as an additional permittee or applicant; provided, however, that permits and applications are, as to Sustainability Matters, subject to prior review and approval by the Sustainability Committee and Oversight Committee, as provided in Sections 6 ("Sustainability Committee") and 5 ("Oversight Committee") of the Exploration Agreement. Upon termination of this Agreement, NovaCopper shall assign to NANA whatever water rights it may have which are appurtenant to the NANA Lands. Subject to the foregoing, NANA hereby agrees that:

3

     2.3.1 it will use its best efforts to assist NovaCopper, upon the written request of NovaCopper and at NovaCopper's sole cost and expense, in obtaining water rights appurtenant to the NANA Lands to the extent NovaCopper requires such rights for Operations under this Agreement;

     2.3.2 it will not oppose or object to any appropriation of water by NovaCopper located on, in, or under the Ambler Lands; and

     2.3.3 to the extent that NANA now has or hereafter acquires any rights in respect of water which is or may be utilized by NovaCopper in connection with Operations, NANA (1) shall not assert any rights so as to materially or adversely affect any water rights of NovaCopper and (2) will allow NovaCopper to use NANA's water rights to the extent such use does not have a material adverse impact on NANA's own use of such water rights and is necessary to conduct Operations.

     2.4 Notice. NovaCopper shall notify NANA from time to time of the particular NANA Lands which it wishes to use for purposes permitted under this Section 2.0 (a "Use Notice"). While access under Section 2.1 will always be non-exclusive, NovaCopper will have exclusive use under Section 2.2 of the surface of the lands described in a Use Notice following delivery of the Use Notice to NANA. If NANA has not received a patent to all of the NANA Lands identified by NovaCopper in a Use Notice, NANA agrees to use reasonable best efforts to obtain an interim conveyance and final patent of such lands.

3.0 Term

The term of this Agreement shall commence on the date of this Agreement and remain in full force and effect for a period of twenty-five (25) years through September 30 of the twenty-fifth (25th) year, and as long thereafter as there is Commercial Production of Minerals from the Ambler Lands or reclamation is being conducted on the NANA Lands or the Ambler Lands, unless sooner terminated in accordance with the terms and provisions of this Agreement. For purposes of this Section 3.0, Commercial Production of Minerals shall be deemed to exist only if production facilities, capable of producing Minerals in reasonable commercial quantities and for sale on a commercial basis, have been completed and such facilities have operated at least once within the three most recently completed years on a regularly scheduled basis for ninety (90) days; provided, however, that if Commercial Production is prevented because of an event of force majeure within the meaning of Section 21.0 ("Force Majeure"), then the term of this Agreement shall continue despite a lack of Commercial Production of Minerals from the Ambler Lands.

4.0 Disturbed Land Payments

     4.1 Disturbed Land Payments.

     4.1.1 Payment Amounts. In order to maintain this Agreement in full force and effect, NovaCopper shall pay to NANA annually on or before March 1 of each calendar year that this Agreement is in effect the amount of Seven Hundred Fifty-Five Dollars ($755) per acre for the first Four Hundred (400) acres of Disturbed Lands at January 1 of that year and One Hundred Dollars ($100) per acre for any additional acres of Disturbed Land at that January 1 date, subject in both cases to adjustment for inflation each year beginning with the second annual payment, using the adjustment mechanism described in Section 4.2 ("CPI Adjustment"), below. The failure to make any payments pursuant to this Section 4.1.1 shall constitute a material breach of this Agreement that must be cured pursuant to Section 18.0 ("Termination for Material Breach"). The payments described above shall compensate NANA for the use of the Disturbed Lands which NovaCopper has use of pursuant to Section 2.3 ("Water"), and for surface use and access in, on and under the Disturbed Lands.

4

     4.1.2 Determination of Disturbed Lands. On or before February 1 of each calendar year, NovaCopper shall provide to NANA a map at an appropriate scale showing all Disturbed Lands at January 1 of that year and all lands subjected to temporary or intermittent use during the past year which did not give rise to a reclamation obligation under Section 11.0 ("Reclamation"), and indicating the total number of acres in each such category. The map shall also show all lands which ceased to be Disturbed Lands during the past year, as well as the acreage of such lands, with separate designations and acreage calculations for such lands which were Disturbed Lands on January 1 of the prior year and the lands which became Disturbed Lands during the year. If NovaCopper claims the lands ceased being Disturbed Lands during the year, it shall furnish NANA with a report by February 1 describing the reclamation operations which were completed and a good-faith certification that the lands will not be used again for operations pursuant to this Agreement. The area affected by roads and other rights-of-way shall be deemed to be the actual width and the area affected by all other facilities, storage ponds, and other structures and disturbances shall be the actual area contained within such disturbances.

     4.2 CPI Adjustment. All dollar figures set forth in Section 4.1.1 shall be adjusted on January 1 of each year by multiplying the dollar figure applicable at January 1 of the previous year by a fraction, the numerator of which is the GNP implicit price deflator for the third quarter of the calendar year just ended and the denominator of which is the GNP implicit price deflator for the third quarter of the calendar year just ended. The term "GNP implicit price deflator" means the implicit price deflator for the gross national product as computed and published by the United States Department of Commerce, Bureau of Economic Analysis (the "GNPDEF"). In the absence of such price deflators, the parties shall designate a reasonable replacement price deflator or, if the parties cannot agree on a reasonable replacement price deflator, each party shall designate a reasonable replacement price deflator and the results obtained using each price deflator shall be averaged to determine the final adjustments made pursuant to this Section 4.2.

5.0 Production Royalties

     5.1 Net Smelter Returns Royalty. As consideration for the initial grant of rights hereunder, NovaCopper will grant NANA a perpetual nonparticipating royalty equal to one percent (1%) of all Net Smelter Returns received by NovaCopper from Minerals produced from the Ambler Lands. Such royalty will be granted under the terms of a separate instrument in a form satisfactory to the parties acting reasonably, will be effective at the date of this Agreement, and will be recorded against the applicable Lands. It will be a covenant running with the land and will be payable by subsequent owners of NovaCopper's interest in the lands.

     5.2 No Implied Duties. NovaCopper shall have no implied duties to explore, diligently develop, or mine the Ambler Lands. NovaCopper shall have the sole right to determine cutoff grades from time to time, to determine which Minerals are economic to mine, and to determine at what production rate to conduct mining.

5

     5.3 Payment of Royalties. Any instrument executed pursuant to Section 5.1 shall provide that NovaCopper shall pay the Net Smelter Returns Royalty due to NANA under Section 5.1 ("Net Smelter Returns Royalty") for all Net Smelter Returns received by NovaCopper during any calendar quarter on or before the 15th day of the month next following the end of such calendar quarter and that NovaCopper shall provide NANA with a copy of each relevant smelter settlement and the calculations made by NovaCopper in connection with such payment.

     5.4 Records. Any instrument executed pursuant to Section 5.1 shall provide that NovaCopper shall keep and maintain true and correct financial and accounting records as are necessary to determine the Net Smelter Returns realized by NovaCopper during each year, in accordance with generally accepted accounting principles in the minerals industry and in accordance with NovaCopper's standard practices.

6.0 Sand and Gravel

     6.1 The term "sand, gravel, and crushed rock" in this Section 6.0 means the following obtained from the NANA Lands:

     6.1.1 unconsolidated sedimentary deposits of sand and gravel and;

     6.1.2 crushed rock and stone used as substitutes for sand and gravel rock made from lode deposits of rock that are mined primarily for the purposes of production of the same.

     6.2 The terms "use" or "used" in connection with sand and gravel in this Section 6.0 mean use for normal construction purposes such as making concrete, road beds, asphalt and the like. Such terms shall be deemed not to include the removal, relocation, stripping, hauling, dumping, covering, destroying or rendering inaccessible sand, gravel or crushed rock as a result of the creation or use of waste rock dumps, tailings and tailing ponds, pits, adits, tunnels, spoil or ore piles, water or water dams, utility connections or other Operations to access, recover or explore for Minerals as contemplated by this Agreement; even if the result of such actions is to permanently destroy, render inaccessible, or make the sand, gravel, and crushed rock unrecoverable or uneconomic.

     6.3 NovaCopper and its contractors shall be entitled to use, in connection with its Operations under this Agreement for construction, road building, drilling pads, asphalt and other uses, any sand, gravel, and crushed rock which is owned by NANA, provided that such use shall be solely for NovaCopper's own account and not for the resale to any third party. Except as provided in this Section 6.0, NovaCopper shall pay to NANA a royalty for sand, gravel or crushed rock, as defined herein, used by NovaCopper, as defined herein. The amount of the royalty shall initially be determined on the basis of a market analysis of comparable bulk sales, and shall be readjusted every five (5) years thereafter based upon further market analyses. Each party shall have the right to submit to the other a proposed market analysis and, in the event of a dispute, the matter shall be finally determined by an independent appraiser appointed by the parties.

     6.4 The royalty to be paid by NovaCopper with respect to sand, gravel, and crushed rock, as defined herein, shall not apply to such material described in 6.1.1 or 6.1.2 above which is obtained from a pit, shaft, adit or other permanent disturbance created in conducting Operations contemplated under this Agreement. The payments described in this Agreement are intended to fully compensate NANA for the use of any such material and the parties do not intend to separately impose or pay a royalty for such materials. Similarly, "Cut and Fill" may be used without a royalty payment.

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     6.5 NovaCopper shall obtain NANA's approval, which shall not be unreasonably withheld and if the decision is not made within forty-five (45) days of the request, the same shall be deemed to be approved, of the location of any site to be used for the extraction of sand, gravel, and crushed rock, other than Cut and Fill, before any use is made of those sites. On January 31 of each year during the term of this Agreement, and within sixty (60) days of the termination of this Agreement, NovaCopper shall provide NANA with an accounting identifying the number of cubic yards of sand, gravel, and crushed rock removed from each sand and gravel pit during the previous year as determined by survey methods standard in the mining industry, together with the amount of royalty due hereunder.

7.0 Operations

     7.1 Conduct of Operations. NovaCopper shall conduct all of its Operations under this Agreement in a workmanlike manner in accordance with the standards common to the mining industry, and shall comply, in all material respects, with any and all applicable laws, regulations, and permits; provided, however, that NovaCopper shall have the right to contest in good faith any such law, regulation, or permit, or the application thereof. NovaCopper shall use reasonable commercial efforts to prevent unnecessary or undue degradation (within the meaning of 43 C.F.R. Subpart 3809) of the NANA Lands and the surrounding lands and waters. NovaCopper will provide timely notice to the Oversight Committee (with a copy to NANA) of any and all violations of permits and other consents, followed by a written plan of the manner in which NovaCopper proposes to address each violation, as soon as such plan is developed.

     7.2 Hazardous Substances.

     7.2.1 Conformance with Laws and Procedures. NovaCopper shall conduct all its Operations with respect to the NANA Lands in substantial conformance, in all material respects, with the requirements of all applicable laws, regulations and ordinances relating to Hazardous Substances; provided, however, that NovaCopper shall have the right to contest in good faith any such laws, regulations and ordinances or the application thereof. NovaCopper shall take all actions necessary to clean up any release of Hazardous Substances in accordance with the requirements of all applicable laws and regulations relating to Hazardous Substances; provided, however, that NovaCopper shall have the right to contest in good faith such laws, regulations or ordinances, or the application thereof. In addition, NovaCopper shall follow all of its internal company policy and procedures governing Hazardous Substances as the same are changed from time to time and such procedures as are now in effect are incorporated herein as if set out in full in this Agreement, except where an explicit provision of this Agreement provides for a stricter standard, whereupon the provisions of this Agreement shall control.

     7.2.2 Reporting. NovaCopper shall deliver to NANA copies of all reports and filings required by law to be made in connection with the use, release or disposal of any Hazardous Substances on the NANA Lands or Ambler Lands promptly after filing the same with the applicable governmental agencies and NANA shall be subject to the same standards of confidentiality as are required of governmental agencies receiving the same. In addition, NovaCopper shall immediately notify NANA of any spill or unauthorized release of Hazardous Substances on the Ambler Lands or NANA Lands if such spill or unauthorized release is reportable to the applicable authorities under RCRA, as amended, or Alaska state law as then in effect, followed by a written plan to address the violation.

     7.3 Notice of Operations. For information purposes, and to ensure conformance with the terms of this Agreement, at least thirty (30) days before undertaking any Operations on the NANA Lands during any year, NovaCopper shall deliver to NANA a written notice describing in reasonable detail the nature and scope of the Operations which NovaCopper plans to undertake during said year and the NANA Lands which will be affected by such Operations. In addition, if at any time NovaCopper is on site and desires to conduct Operations the nature or scope of which are not described in reasonable detail in the notice delivered to NANA for that year, then at least three (3) days before undertaking such Operations NovaCopper shall deliver to NANA a written notice describing in reasonable detail the nature and scope of such Operations and the NANA Lands that will be affected by such Operations.

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     7.4 Cultural and Archeological Finds. In addition to complying with the requirements of applicable state and federal law, NovaCopper shall promptly notify NANA whenever, in the course of conducting Operations pursuant to this Agreement, any cemetery, archeological, anthropological or historic site or artifact is discovered on NANA Lands. Upon being so notified, NANA shall promptly, but not later than ten (10) days after such notice, inspect such artifacts or sites and, following such inspection, NovaCopper shall take such action as NANA deems necessary and desirable to protect and remove such artifacts. If NANA believes that further action is necessary or desirable, NANA may require NovaCopper to temporarily halt any part of the Operations that materially affect or endanger such artifacts until such time as such artifacts are removed. If NANA halts any part of the Operation pursuant to this Section 7.4, it shall proceed expeditiously so as to minimize to the maximum extent reasonably possible the duration of the interruption and its impact to NovaCopper's Operations. All objects discovered in any site on such NANA Lands shall belong exclusively to NANA except as otherwise provided by law.

     7.5 Prohibitions. NovaCopper shall not undertake or permit the sale or use of alcoholic beverages or controlled substances on the NANA Lands and shall not permit hunting, fishing or gathering of artifacts by its employees or contractors on the NANA Lands without the prior written consent of NANA (which consent shall be within the sole discretion of NANA). NovaCopper shall not provide merchantable goods or services to the general public on a commercial basis on the NANA Lands without NANA's consent.

     7.6 NANA Permitting Cooperation. Subject to the duties it owes to its Shareholders, NANA will cooperate with NovaCopper (a) in NovaCopper's efforts to obtain required consent from local villages for the permitting of a mine and the construction of required infrastructure, and (b) in NovaCopper's dealings with borough and state authorities relating to such permitting and construction. The degree and manner of such cooperation will be determined by NANA acting reasonably.

8.0 Indemnification

     8.1 NovaCopper's Indemnification of NANA. NovaCopper shall defend, indemnify, and hold harmless NANA and its Affiliates from and against any and all claims, damages, losses, liabilities, or expenses (including but not limited to reasonable legal, accounting, consulting, engineering, and other fees) (the "claims or liabilities") that may be asserted against, imposed upon, or incurred by NANA or its Affiliates as a result of any action, suit, or proceeding commenced or claim or liability asserted by any third party or parties (including, but not limited to, a governmental entity) and which arise out of or result in any way from the Operations of NovaCopper, its contractors and subcontractors under this Agreement, including, but not limited to, any claims or liabilities under any applicable environmental law, including, without limitation, CERCLA; provided, however, that (a) NovaCopper's obligation to defend, indemnify, and hold harmless hereunder shall not apply to any claims or liabilities that arise as a result of (1) any disputes between NANA and one or more Shareholders in a derivative action or otherwise relating to the execution, delivery, performance, or administration of this Agreement by NANA, as appropriate, (2) activities or actions of NANA or its predecessors-in-interest or any other third party occurring prior to the date hereof; and (3) the negligent acts, omissions, or willful misconduct of NANA, its agents, employees or Affiliates (collectively, "Excepted Claims and Liabilities"), and (b) with the exception of such activities or actions of such predecessors in interest and such other third parties prior to the date hereof, NANA shall defend, indemnify and hold harmless NovaCopper and its Affiliates from and against any such Excepted Claims and Liabilities.

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     8.2 Procedure. With respect to any legal or administrative action, suit, or proceeding filed against NANA, NANA shall provide NovaCopper with written notice of the institution of such action, suit, or proceeding at least seven (7) business days prior to the date by which an answer or other response is required; provided, however, that where an answer or other response is required within seven (7) business days of NANA's actual receipt of notice of such action, suit or proceeding, then NANA shall notify NovaCopper at the earliest practicable time. Within five (5) business days following receipt of such notice, NovaCopper shall confirm in writing that it accepts the defense of the action, suit, or proceeding, whereupon NovaCopper shall not be liable to NANA for any costs or expenses (including but not limited to legal, accounting, consulting, engineering, or other expenses) incurred by NANA if NANA elects, notwithstanding NovaCopper's acceptance of the defense, at its own expense to engage its own counsel and experts to participate in such defense. In the event NANA fails to provide NovaCopper with written notice of the institution of such action, suit or proceeding within seven (7) business days prior to the date by which an answer or other response is required, then NovaCopper shall be relieved of its indemnity obligation under this Section 8.0, but only to the extent of NovaCopper's actual prejudice as a result of NANA's late notification. However, actual prejudice to NovaCopper shall be assumed hereunder in the event NANA fails to provide NovaCopper with written notice of the institution of such action, suit, or proceeding until on or after the date when an answer or other response is required and such failure results in a default judgment against NANA which is not set aside or vacated, or other materially adverse action. In any event, NovaCopper shall respond to NANA's late notification within three (3) business days of receipt of such notice. If NANA fails to notify NovaCopper of any such action, suit, or proceeding, then NovaCopper shall have no obligation to indemnify NANA as to such action, suit, or proceeding.

     8.3 NANA's Indemnification of NovaCopper. NANA shall defend, indemnify, and hold harmless NovaCopper and its Affiliates from and against any and all claims or liabilities in connection with this Agreement arising out of or relating in any way to Section 7 of the ANSCA, as amended, or the Section 7(i) Settlement Agreement, including any and all claims predicated upon the application or distribution of any funds received by NANA pursuant to this Agreement; provided, however, that NANA's obligations under this provision shall not apply to any claim arising out of NovaCopper's failure to perform its obligations under this Agreement. In addition, NANA shall defend, indemnify, and hold harmless NovaCopper and its Affiliates from and against any and all claims or liabilities (including but not limited to any claims or liabilities under any applicable environmental law) arising out of activities or actions of NANA, its agents and licensees on the NANA Lands prior to April 1, 2011. For purposes of this Section 8.3, the provisions set forth in the preceding Section 8.2 shall be deemed to apply to NANA's indemnification obligation in the same manner and to the same extent as if said Section were repeated herein with NANA changed to NovaCopper and NovaCopper changed to NANA. NovaCopper shall have the right to participate in any action as to which NANA is obligated to indemnify and defend NovaCopper with NovaCopper using its own counsel and at its own cost.

9.0 Insurance

     9.1 Coverage. NovaCopper will, directly or through an affiliate, at its sole expense, secure and maintain insurance which may cover the work specified in this Agreement as to the following insurance and limits.

     9.1.1 Workers' Compensation Insurance and Occupational Disability Insurance in compliance with the laws of all applicable state and federal jurisdictions covering all employees engaged in the performance of work specified in this Agreement, including coverage for employer's liability with a limit of not less than One Million Dollars ($1,000,000) per accident.

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     9.1.2 Comprehensive General Liability Insurance with contractual liability coverage limits for services performed, including equipment rental, of not less than Ten Million Dollars ($10,000,000) per occurrence for bodily injury, sickness, or death, and Ten Million Dollars ($10,000,000) per occurrence for property damage, including premises operations coverage.

     9.1.3 Comprehensive Automobile Liability Insurance covering all owned, non-owned, hired and rented vehicles used by NovaCopper with limits of not less than Ten Million Dollars ($10,000,000) combined single limit for bodily injury, sickness or death per occurrence and Ten Million Dollars ($10,000,000) for loss or damage to property in any single occurrence.

     9.1.4 Non-Owned Aviation Insurance when applicable to Operations performed under the Agreement:

     9.1.4.1 Limits of not less than Ten Million Dollars ($10,000,000) per occurrence, covering any loss of or damage to property of third parties arising out of any single accident or occurrence.

     9.1.4.2 Limits of not less than Ten Million Dollars ($10,000,000) per occurrence covering claims of any kind for injury to or impairment of health or death of any and all persons (including employees of NovaCopper and NANA and any other third party) arising out of any single accident or occurrence directly related to the Operations under this Agreement.

     9.2 Certificates. NovaCopper shall obtain and deposit with NANA prior to the commencement of Operations hereunder certificates of insurance as its interest shall appear, indicating the respective coverages set forth herein. The policies will not be canceled or altered unless at least thirty (30) days prior written notice of such cancellation or coverage alteration is provided to NANA.

     9.3 Additional Insured. NovaCopper will cause NANA to be named as additional insured to all insurance policies specified in subsections 9.1.2 through 9.1.4, above, but only as respects liability incurred as a result of NovaCopper's Operations under this Agreement. Notwithstanding the foregoing sentence of this Section 9.3, the provision of insurance by NovaCopper shall not relieve NANA of its indemnity obligations hereunder, it being agreed that such insurance, or its proceeds, shall not be applied to any such indemnity obligation of NANA.

     9.4 Notices of Occupational Injury. Whenever an employee of NovaCopper or subcontractor of NovaCopper suffers an occupational injury or an occupational disease because of work performed under this Agreement on NANA Lands, and such injury or disease is required by the workers' compensation or occupational disease laws to be reported to the proper authorities, copies of the reports, if any, provided to the proper authorities shall be furnished promptly by NovaCopper to NANA's safety and operational representatives. NANA shall be subject to the same standards of confidentiality as are required of the proper authorities receiving the reports.

10.0 Liens

     NovaCopper shall be solely responsible for paying for all labor performed upon or materials furnished to the NANA Lands at the request of NovaCopper. NovaCopper shall keep the NANA Lands free and clear of any and all mechanic's, mining, labor, or materialmen's liens arising from the performance of labor upon or the furnishing of materials to the NANA Lands at the request of NovaCopper, except those liens arising by operation of law for which payment is not yet due. NovaCopper may contest the validity of any such lien that may be filed if NovaCopper provides reasonable security to NANA. NovaCopper shall post and record notices of nonresponsibility for the benefit of NANA pursuant to AS § 34.35.065 and AS § 34.35.150 and any other applicable laws as now or hereafter amended.

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11.0 Reclamation

     11.1 Reclamation Policy. NovaCopper shall reclaim all NANA Lands disturbed hereunder in accordance with its reclamation plan (the "Reclamation Plan") established or to be established by NovaCopper with appropriate governmental authorities in accordance with applicable laws and regulations in connection with the permitting of the project. The Reclamation Plan and any significant modifications shall be subject to periodic review and approval by the Oversight Committee as provided in Section 5.6(c) of the Exploration Agreement. Generally, the Reclamation Plan shall provide for reclamation within the following guidelines:

     11.1.1 The parties recognize that reclamation of disturbed NANA Lands is desirable.

     11.1.2 Reclamation shall comply with applicable law and employ mining industry best practices (a) to minimize potential long-term danger to human life and the subsistence needs of the Shareholders, (b) to the extent reasonably practicable to minimize any adverse visual or aesthetic conditions, and to restore the NANA Lands to a condition compatible with surrounding lands.

     11.1.3 Disturbed land shall be restored to blend with the surrounding terrain to the extent reasonably practicable, consistent with good mining industry environmental practice.

     11.1.4 Where available in appropriate quantities, topsoil shall be separately removed and stockpiled for final application after shaping of disturbed areas has been completed.

     11.1.5 Appropriate measures shall be taken to control or reduce erosion, landslides, and water runoff.

     11.1.6 Fisheries and wildlife habitats shall be rehabilitated to the extent practicable.

     11.1.7 Disturbed areas shall, through seeding, fertilization, and other appropriate means (including natural re-vegetation, if appropriate), be re-vegetated with a diverse vegetative cover of species native to the area and similar to that on adjoining areas.

Pits, tailings, impoundments, waste rock piles, and other permanent disturbances need not always be filled, removed, or relocated, or re-contoured to their original condition, but in all cases must at least be stabilized.

The parties acknowledge and agree that nothing contained in this Section 11.1 shall relieve NovaCopper from any obligations under the Reclamation Plan or impose additional obligations on NovaCopper over and above those contained in the Reclamation Plan.

     11.2 Funding of Reclamation. Unless otherwise mutually agreed by NANA and NovaCopper in writing, NovaCopper shall either establish an investment account for reclamation reserves and regularly deposit cash into such account, obtain letters of credit, post bonds or any combination thereof as operations progress in order to ensure that adequate funds will be available in the account to satisfy reclamation costs as needed, up to and including final reclamation at the end of mine life; provided, however, that the amount and nature of such reclamation funding must never be less than required by applicable law. Such reclamation costs will be estimated based upon the probable costs to be incurred to reclaim the NANA Lands as determined by a third party review to be conducted by NovaCopper on an annual basis in conjunction with the preparation of its financial statements. Any balance not used after reclamation is completed at one mine shall be rolled forward into the next mine started (or to be started) by NovaCopper in the geographic area covered by the Exploration Agreement or shall be paid out to NovaCopper if no new mines are expected to be developed within five (5) years after the completion of reclamation.

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12.0 Disposition of Facilities and Other Property Upon Termination

     Upon termination of this Agreement, for all or a portion of the NANA Lands, NovaCopper shall with due diligence carry out the reclamation activities specified in Section 11.1 ("Reclamation Policy"). NovaCopper shall be permitted access to the NANA Lands for a period up to thirty six (36) months following the date of termination, and shall remove all buildings, facilities, equipment, materials and other objects then present on such NANA Lands, except that NANA, at its sole election, may designate such buildings, facilities and other fixtures ("Facilities") which it wishes to exempt from this removal requirement. NovaCopper shall transfer and convey to NANA such Facilities that NANA elects to exempt from this Section 12.0, and NANA shall assume full responsibility for all reclamation required under this Agreement for the NANA Lands beneath such Facilities, and shall indemnify NovaCopper against any environmental or other liability arising on or from such Facilities and the NANA Lands beneath such Facilities. If equipment, materials, supplies, buildings, structures, or other improvements not exempt from the removal requirements of this Section 12.0 as provided herein remain on the NANA Lands thirty six (36) months following the date of termination, NANA may, upon thirty (30) days written notice to NovaCopper, remove such improvements at NovaCopper's expense.

13.0 Inspection Rights; Audits

     13.1 Inspection Rights. NANA shall have the right to inspect and copy at its sole cost all records maintained by NovaCopper relating to the calculation of royalty payments hereunder solely for the purpose of verifying NovaCopper's calculations hereunder. In addition, NANA shall have the right to inspect all Operations of NovaCopper under this Agreement in a reasonable manner and at all reasonable times. NANA shall keep all such records and information confidential in accordance with Section 14.0 ("Confidentiality") below. NANA shall indemnify and hold harmless NovaCopper and its Affiliates from any and all claims or liabilities for damages arising out of any death, personal injury, or property damage sustained by NANA, or its agents or employees while in or upon the NANA Lands as permitted under this Section 13.0 to the extent such claims and liabilities arise from the negligent acts, omissions, or willful misconduct of NANA, or its agents or employees.

     13.2 Audits. NANA shall have the right to audit all calculations and payments by NovaCopper of Disturbed Lands, Net Smelter Returns Royalty, and Sand and Gravel payments solely for the purpose of verifying NovaCopper's calculations hereunder within twenty-four (24) months following the end of any calendar year. All claims upon NovaCopper with respect to payments made during a year must be made by NANA within thirty (30) months after the end of that year. Failure to make any claim within said thirty (30) month period shall mean the calculation, payment or audit is binding upon the parties. All audits shall be conducted under the direct supervision of one or more certified public accountants selected and paid for by NANA at its sole expense unless such audit discloses a material impropriety or material discrepancy, in which instance NovaCopper shall reimburse NANA for all costs reasonably incurred by NANA in connection with such audit.

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14.0 Confidentiality

     14.1 General. As long as this Agreement is in effect, the financial terms of this Agreement and all other non-public information obtained in connection with this Agreement shall be held confidential by NANA and NovaCopper, and shall not be disclosed to third parties by NANA or NovaCopper without the prior written consent of the other, which consent shall not be unreasonably withheld. In addition, the obligations in this Section 14.0 shall be continuing ones notwithstanding the fact that a party may have assigned its interest in this Agreement and ceased to be a party to this Agreement.

     14.2 Exceptions. The prior written consent required by Section 14.1 ("General") shall not apply to a disclosure:

     14.2.1 to an Affiliate, attorney, accountant, consultant, officer, director, employee, contractor, or subcontractor that has a bona fide need to be informed;

     14.2.2 to any third party in response to any subpoena, request for production of documents, interrogatory or other process issued by any court, governmental agency or governmental authority, or in connection with any proceeding before such a court, agency or authority;

     14.2.3 to any third party with whom the disclosing party is conducting bona fide negotiations in connection with a sale, assignment, or other disposal or in connection with any financing, whether such financing is related to the NANA Lands or otherwise;

     14.2.4 to a governmental agency, to the public, or to a Shareholder which the disclosing party believes in good faith is either required by applicable law, the rules of any stock exchange on which the securities of such party or an Affiliate are listed, or is necessary to secure a Village Consent; and

     14.2.5 to any third party pursuant to the requirements of the Section 7(i) Settlement Agreement.

     For any disclosure permitted under Subsection 14.2.2, the disclosing party shall use best efforts to provide advance notice of the demand for disclosure to afford the non-disclosing party an opportunity to oppose or to seek a limitation on such disclosure from an appropriate court or other governmental agency. For any disclosure permitted under Subsections 14.2.3, 14.2.4 and 14.2.5, the disclosing party shall give notice to the other party concurrently with the disclosure. In addition, as to any disclosure made pursuant to Subsections 14.2.1, 14.2.3, 14.2.4 and 14.2.5, only such confidential information as such third party shall have a legitimate need to know, and/or the legal right to acquire, shall be disclosed and the disclosing party shall, in the case of NovaCopper, treat the same as it treats disclosures of its own proprietary information and in the case of NANA, shall use all reasonable efforts to obtain from such third party an agreement in writing to protect the confidential information in accordance with this Section 14.0. In the case of the disclosure of geological or other such information to a third party, the disclosing party shall use reasonable efforts to obtain from such third party an agreement in writing not to stake or otherwise acquire any mining claim or other real property interest in any lands (other than NANA Lands) within one (1) mile of any lands affected by the information for a period of two (2) years after receipt of the information, and that no representations or warranties are made by NovaCopper or NANA with respect to geological information or reports furnished pursuant to this Section 14.0, and that neither NovaCopper nor NANA shall have any liability resulting from the use or dissemination of any such information or reports by such third party.

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     14.3 Termination. NovaCopper shall, subject to the foregoing exceptions, be required to hold the financial terms of this Agreement and all other non-public information obtained in connection with the performance of this Agreement confidential for two (2) years after the expiration or termination of this Agreement.

15.0 Real Property Taxes

     NovaCopper shall pay any and all real property taxes and assessments relating to the NANA Lands described in each Use Notice delivered pursuant to Section 2.4 ("Notice") levied by the State of Alaska, any municipality, or any other governmental entity. Such taxes and assessments shall be prorated for any year in which this Agreement is in effect for only a portion of the relevant tax or assessment year. NovaCopper shall pay any and all taxes or assessments levied or accrued after the expiration or termination of this Agreement until NovaCopper removes improvements pursuant to its obligations under Section 12.0 ("Disposition of Facilities and Other Property upon Termination"). NANA shall promptly deliver to NovaCopper copies of any and all notices which it receives relating to any such taxes or assessments. NovaCopper shall have the right, but not the obligation, to contest the amount or validity of any such taxes or assessments, and may pay under protest or withhold payment of all or any portion thereof for so long as it may contest the levy or assessment thereof in good faith in appropriate administrative or judicial proceedings. If payment is withheld, any amount so withheld shall be retained in an escrow or other suitable separate account as a contingency against possible future payment. Any fees for such an account shall be paid out of interest earned on the funds in the account. In the event of any such contest, NANA shall cooperate fully with NovaCopper and shall execute any and all documents reasonably necessary to permit NovaCopper to pursue such contest. NovaCopper shall not permit or suffer the NANA Lands, or any part thereof, to be conveyed, or NANA's title thereto to be lost, as the result of nonpayment of any such tax or assessment for which NovaCopper is responsible and with respect to which NovaCopper has received notice. NovaCopper shall furnish to NANA duplicate receipts for all such taxes and assessments when paid.

16.0 Representations and Warranties

     16.1 General Representations and Warranties.

     16.1.1 NANA hereby represents and warrants that (a) it is an Alaska Native regional corporation, duly incorporated and in good standing under the laws of the State of Alaska, (b) it is qualified to do business in the State of Alaska, (c) the person executing this Agreement for and on behalf of NANA is duly authorized to do so and (d) this Agreement has been approved by all necessary NANA corporate action and, when executed, will be a valid and binding agreement enforceable against NANA in accordance with its terms and shall not violate any other agreement to which it is a party or by which its properties are bound.

     16.1.2 NovaCopper hereby represents and warrants that (a) it is a Delaware corporation, duly incorporated and in good standing under the laws of Delaware, (b) it is qualified to do business in the State of Alaska, (c) the person executing this Agreement for and on behalf of NovaCopper is duly authorized to do so and (d) this Agreement has been approved by all necessary NovaCopper corporate action and, when executed, will be a valid and binding agreement enforceable against NovaCopper in accordance with its terms and shall not violate any other agreement to which it is a party or by which its properties are bound.

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     16.2 Title Representations, Warranties and Covenants. Except as specifically set forth in this Section 16.2, NANA makes no express or implied representations or warranties of title to any NANA Lands. NANA hereby represents and warrants that:

     16.2.1 it has the full corporate power and authority to enter into this Agreement and to make the grants to NovaCopper described in this Agreement;

     16.2.2 it has no material contractual commitments or obligations which relate to or affect the NANA Lands;

     16.2.3 no claim, demand, cause of action, administrative or other proceeding, lawsuit, or other litigation is pending or is threatened against NANA which now or would hereafter adversely affect the NANA Lands or the ability of NovaCopper to conduct Operations under this Agreement thereon;

     16.2.4 none of its officers and directors have actual knowledge of any material adverse environmental condition on or affecting the NANA Lands; and

     16.2.5 any information that it has presented to NovaCopper with respect to the NANA Lands is, to the best of NANA's knowledge, accurate.

     [NTD: EACH OF THE FOREGOING CLAUSES MAY BE SUBJECT TO VARIANCE BY ATTACHED SCHEDULES IDENTIFYING PARTICULAR EXCEPTIONS]

     NovaCopper may, subject to NANA's consent (which consent shall not be unreasonably withheld), at its option and without waiver of any claims against NANA in respect thereof, take all actions necessary (including judicial proceedings) to cure any defect in NANA's title to the surface or subsurface estate of the NANA Lands. NANA agrees to cooperate with NovaCopper in any such actions taken, to execute all documents, and to take such other actions as may be reasonably necessary to assist NovaCopper. Any costs incurred by NovaCopper in curing defects in NANA's title to the surface or subsurface estate of the NANA Lands (including attorneys' fees) shall be credited toward amounts due NANA under Section 5.0 ("Production Royalties") above. Alternatively, NovaCopper shall, if so requested by NANA, allow NANA to take all necessary actions to cure title to the NANA Lands.

     16.3 Survival/No Merger. The representations and warranties contained in this Section 16.0 shall survive the termination of this Agreement and shall not be merged with any subsequent representations and warranties made by the applicable party in any subsequent agreement between the parties affecting the NANA Lands.

17.0 Voluntary Termination by NovaCopper

     17.1 NovaCopper may terminate this Agreement as to all or any portion or portions of the NANA Lands at any time by delivering written notice to that effect to NANA, which termination shall be effective on the one hundred eightieth (180th) day after the effective date of receipt of such notice or on a later date specified in the notice.

     17.2 NovaCopper's right to terminate this Agreement as to a portion of the NANA Lands is subject to the following restrictions:

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     17.2.1 NANA Lands designated for termination from this Agreement must be in legal subdivisions of at least forty (40) acres.

     17.2.2 NANA Lands may not be designated for termination from this Agreement until improvements have been removed from it and reclamation has been completed thereon, including the receipt of any necessary approvals of such reclamation from governmental authorities having jurisdiction.

     17.2.3 The NANA Lands remaining subject to this Agreement, after termination as to a portion of the NANA Lands, must be contiguous and shall be designated by legal subdivisions of at least forty (40) acres and, (a) shall be reasonably compact taking into account the purpose of this Agreement, and (b) shall not include within their exterior boundaries NANA Lands which have been terminated from this Agreement.

18.0 Termination for Material Breach

      The failure of NovaCopper to keep or perform any material obligation on its part to be kept or performed according to the terms and provisions of this Agreement shall, at the election of NANA, constitute a material breach of this Agreement unless cured as hereinafter provided. In the event of any such material breach by NovaCopper, NANA shall first deliver to NovaCopper a written notice of its intention to declare a material breach of this Agreement which specifies the particular material breach or breaches. NovaCopper shall then have, (a) in the case of any failure to pay money, twenty (20) days after delivery of such notice, or (b) in all other cases, thirty (30) days after delivery of such notice, in which to cure such specified material breach or breaches or, if such cure cannot reasonably be completed within such thirty (30) day period, NovaCopper shall commence to cure the same within such thirty (30) day period and thereafter diligently and without undue delay, complete such cure as soon as possible. If a specified material breach is not cured within said twenty (20) days or thirty (30) days (whichever is applicable), or if a specified material breach other than a failure to pay money is of such a nature that it cannot be cured within said thirty (30) days and NovaCopper fails to commence cure such material breach within said thirty (30) days or fails thereafter to proceed to cure such material breach with all possible diligence, NANA may terminate this Agreement by delivering a written notice to that effect to NovaCopper. If NovaCopper disputes in good faith that a material breach exists, it shall deliver to NANA a written notice to that effect and (a) the dispute shall be resolved in accordance with Section 25.0 ("Dispute Resolution") of this Agreement and (b) the time to cure any such material breach shall be tolled (but not NovaCopper's obligations to remit payments under Sections 4.0 ("Disturbed Land Payments") and 5.0 ("Production Royalties"), except as specified in Section 25.0 ("Dispute Resolution")), while the dispute is being resolved. Except as otherwise provided in Section 17.0 ("Voluntary Termination by NovaCopper"), this Agreement may be terminated only on the basis of a material breach which is not timely cured.

19.0 Effect of Termination

     If this Agreement expires or is terminated for any reason whatsoever, the parties shall be relieved of all further rights, obligations, and liabilities under this Agreement, except for rights, obligations, or liabilities arising prior to such expiration or termination regardless of whether such rights, obligations, or liabilities are asserted after such expiration or termination; provided, however, that the obligation to remit payments to NANA as set forth in Section 4.0 ("Disturbed Land Payments") shall continue until reclamation has been completed and improvements removed from the NANA Lands.

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20.0 Surrender of Possession and Reconveyance

     Upon the expiration or termination of this Agreement, NovaCopper (a) shall surrender the NANA Lands to NANA except to the extent NovaCopper needs or desires to retain possession of the NANA Lands to exercise, fulfill, or discharge any rights, obligations, or liabilities of NovaCopper that accrued prior to the expiration or termination of this Agreement and (b) shall execute, acknowledge, and deliver to NANA a release of this Agreement and a quitclaim deed conveying to NANA all right, title, and interest of NovaCopper in and to the NANA Lands which it acquired under the terms of this Agreement. If NovaCopper needs or desires to retain possession of the NANA Lands after the expiration or termination of this Agreement to exercise, fulfill, or discharge any accrued rights, obligations, or liabilities of NovaCopper, then on or before the effective date of expiration or termination of this Agreement NovaCopper shall deliver to NANA a notice describing in reasonable detail the accrued rights, obligations, and liabilities of NovaCopper which NovaCopper needs or desires to exercise, fulfill, or discharge and the operations which NovaCopper will undertake to exercise, fulfill, or discharge such accrued rights, obligations, and liabilities, as well as the anticipated duration and timing thereof.

21.0 Force Majeure

     21.1 Effect. If a Party is prevented or delayed from performing any of its obligations under this Agreement or from exercising any of its rights under this Agreement by reason of any cause of force majeure, then such failure to perform such obligation or to exercise such right shall not be deemed a breach, default, or waiver under this Agreement, and the requirement to perform any such obligation shall be suspended during such period of disability, and the time for performance of any such obligation or the time in which any such right may be exercised shall be extended for a period of time equivalent to the period or periods of disability. The Party claiming force majeure shall notify the other Parties of the force majeure within a reasonable time after the occurrence of the facts relied on and shall keep all Parties informed of all significant developments. Such notice shall give reasonably full particulars of the force majeure and also estimate the period of time which the Party will probably require to remedy the force majeure. The affected Party shall use all reasonable diligence to remove or overcome the force majeure situation as quickly as possible in an economic manner but shall not be obligated to settle any labor dispute except on terms acceptable to it, and all such disputes shall be handled within the sole discretion of the affected Party.

     21.2 Definition. As used herein, force majeure includes all events, whether foreseeable or unforeseeable, which are beyond the reasonable control of such party and which cannot be overcome by such party through the exercise of normal means and at a reasonable expense, including labor disputes (however arising and whether or not employee demands are reasonable or within the power of the party to grant); acts of God; laws, regulations, orders, proclamations, instructions or requests of any government or governmental entity; judgments or orders of any court; curtailment or suspension of activities to remedy or avoid an actual or alleged, present or prospective violation of federal, state or local environmental standards; acts of war or conditions arising out of or attributable to war, whether declared or undeclared; riot, civil strife, insurrection or rebellion; fire, explosion, earthquake, storm, flood, sink holes, drought or other adverse weather condition; delay or failure by suppliers or transporters of materials, parts, supplies, services or equipment or by contractors' or subcontractors' shortage of, or inability to obtain, labor, transportation, materials, machinery, equipment, supplies, utilities or services; accidents; breakdown of equipment, machinery or facilities; or any other cause whether similar or dissimilar to the foregoing.

22.0 Assignment

     22.1 Assignment by NovaCopper.

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22.1.1 Subject to Section 22.1.2, the rights and obligations of NovaCopper under this Agreement may be assigned (including, without limitation, changes in corporate control, mortgages and hypothecations) only with the prior written consent of NANA, which consent shall not be unreasonably withheld; provided, however, that NANA consent is not required for a change in corporate control of NovaCopper, if NovaCopper or the ultimate parent of NovaCopper is then publicly-traded on a recognized securities exchange or for any assignment of this Agreement to an Affiliate. In order for any assignment by NovaCopper or its subsequent assignees to be effective as against NANA, the assignee must agree in writing to be bound by the terms and provisions of this Agreement, and such provision shall be incorporated in and made part of each such instrument of assignment or transfer. In addition, the assignee shall enter into an agreement, in form and substance satisfactory to NANA acting reasonably, under which the assignee agrees that it will comply with the provisions of Sections 5, 6 and 12 of the Exploration Agreement with respect to the NANA Lands and its operations under this Agreement.

22.1.2 Notwithstanding Section 22.1.1, NovaCopper may mortgage, hypothecate or similarly encumber its interest under this Lease in connection with debt financing arrangements for a project on the NANA Lands to the extent:

22.1.2.1 such encumbrance is granted as security for project debt; and

22.1.2.2 such encumbrance shall provide that in connection with any foreclosure, transfer in lieu or other enforcement rights in the security interest, the acquiring third party shall be bound by the terms of this Agreement and shall only acquire the rights of an assignee under the terms of this Agreement.

     22.2 Assignment by NANA. The rights and obligations of NANA under this Agreement may not be assigned in whole or in part at any time, except to an Affiliate of NANA, without the prior written consent of NovaCopper, which consent shall not be unreasonably withheld. Any assignee of NANA shall agree in writing to be bound by the terms and provisions of this Agreement. All assignments which NANA or its successors or assigns may grant shall be subject and subordinate to the rights and interests granted hereunder to NovaCopper and shall not prevent or interfere in any way with any of NovaCopper's Mining Support Activities under this Agreement. The provisions of the last preceding sentence shall be incorporated in and made a part of each such instrument of assignment or transfer.

     22.3 Assignment of Net Smelter Returns Royalty. If NANA wishes to transfer, directly or indirectly, all or any part of its interest in the Net Smelter Returns Royalty referred to in Section 5.0 ("Production Royalties") other than by mortgage, pledge or similar encumbrance for the purpose of granting security, NovaCopper shall have a right of first refusal to acquire such interest in accordance with the following:

     22.3.1 if NANA is intending to transfer all or any part of its interest in the Net Smelter Returns Royalty, it shall promptly notify NovaCopper of its intentions in a written notice which states the price and all other pertinent terms and conditions of the intended transfer including the name of the proposed transferee. If the consideration for the intended transfer is, in whole or in part, other than cash, the notice shall describe such consideration and its cash equivalent (based upon the fair market value of the non-cash consideration and stated in cash);

18

     22.3.2 NovaCopper shall have sixty (60) days from the date such notice is delivered to notify NANA whether it elects to acquire the offered interest at the same price (or its cash equivalent) and on the same terms and conditions as set forth in the notice. If it does so elect, the transfer shall be consummated within fifteen (15) days after notice of such election is delivered to NANA;

     22.3.3 if NovaCopper fails to so elect within the period provided for in paragraph (b) above, NANA will have ninety (90) days following the expiration of such period to consummate the transfer to a third party at a price and on terms no less favorable than those offered by NANA to NovaCopper in the notice required in clause (a) above; and

     22.3.4 if NANA fails to consummate the transfer to a third party within the period set forth in clause (c) above, the right of first refusal of NovaCopper with respect to the Net Smelter Returns Royalty shall be deemed to be revived. Any subsequent proposal to transfer such interest in the Net Smelter Returns Royalty shall be conducted in accordance with all of the procedures set forth in this Section 22.3.

     22.4 Notice of Assignment. No assignment shall be binding upon a non-assigning party unless and until written notice thereof is delivered to the non-assigning party.

     22.5 Change of Ownership. No change of ownership of the NANA Lands as permitted under this Agreement shall be binding upon NovaCopper with respect to making payments, regardless of whether NovaCopper has actual or constructive knowledge of the change of ownership, until thirty (30) days after NovaCopper has received from NANA as appropriate a certified copy of the recorded instrument or instruments satisfactory, in the opinion of NovaCopper, to evidence the change of ownership and to establish the right, title, or interest of the claiming party and the extent thereof. Regardless of any ownership change, all payments that NovaCopper may make under this Agreement shall be made in accordance with the terms of this Agreement. No change of ownership shall entitle any person to receive payments in any manner different from the manner provided herein.

     22.6 Single Agent for Payment. In the event that payments due to NANA under this Agreement are or become payable to two (2) or more parties, those parties shall appoint, and shall deliver to NovaCopper a document executed by all of those parties that designates the name and address of a single agent or trustee to whom NovaCopper shall make all payments. Until NovaCopper receives such designation, NovaCopper may withhold all payments. Payments withheld, if any, shall be deposited with the single agent or trustee within twenty (20) days after NovaCopper's receipt of the designation. No interest shall be payable on payments withheld pursuant to this Section 22.6. NovaCopper shall have no responsibility as to the division of payments paid among the parties except as to NANA. If NovaCopper makes a payment or payments in accordance with the provisions of this Section 22.6, it shall be conclusively deemed that such payment or payments have been received by NANA. All charges of the agent or trustee shall be borne by the parties receiving payments.

23.0 Recording of Memorandum Agreement

     Upon the execution of this Agreement, NANA and NovaCopper shall execute and acknowledge a Memorandum Agreement (in the form attached hereto as Exhibit C), describing the contents of this Agreement and the NANA Lands and rights affected thereby. NovaCopper shall cause said Memorandum Agreement to be recorded in the Kotzebue Recording District, State of Alaska, and NovaCopper shall pay any and all required recording fees. This Agreement shall not be recorded.

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24.0 Rotation Schedules

     In keeping with NANA's desire that no permanent communities be developed at the mine or port site, all rotation schedules for employees at the mine shall be arranged so that no employee would be a permanent resident at any such site on NANA Land. To the extent practicable, NovaCopper will attempt to use rotation schedules which are conducive to the objectives of this Section 24.0 ("Rotation Schedules").

25.0 Dispute Resolution

     Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be resolved by proceedings in a court of competent jurisdiction in Alaska, unless the Parties then agree that a particular controversy or claim should be resolved in some other manner.

26.0 Notices, Payments and Delivery

     26.1 Written Notices. All notices contemplated by this Agreement shall be in writing.

     26.2 Payments. All payments contemplated by this Agreement shall be made by bank wire transfer, certified check, or cashier's check.

     26.3 Delivery by Mail. Any notice, payment, or other document contemplated by this Agreement may be delivered by mail if mailed by United States certified or registered mail, return receipt requested, postage prepaid, and addressed as follows:

If to NANA:  
   
NANA Regional Corporation, Inc.  
P. O. Box 49  
Kotzebue, Alaska 99752  
Attention: President  
Telephone No.: (907) 442-3301  
Telecopy No.: (907) 442-2866  
Email: [*]  
   
With a copy to: and to:
   
NANA Regional Corporation, Inc. NANA Regional Corporation, Inc.
3150 C Street, Suite 150 1001 East Benson Boulevard
Anchorage, Alaska 99503 Anchorage, Alaska 99508
Attention: Vice President - Resources Attention: General Counsel
Telephone No.: (907) 265-4360 Telephone No.: (907) 265-4148
Telecopy No.: (907) 343-5769 Telecopy No.: (907) 265-4378
Email: [*] Email: [*]
   
If to NovaCopper:  
   
NovaCopper US Inc.  
   
Telephone No.:  
Telecopy No.:  
Email: [*]  

20

Delivery by mail shall be deemed effective and complete when the notice, payment, or other document is actually delivered to the applicable address set forth above.

     26.4 Delivery by Electronic Communication. Any notice or other document contemplated by this Agreement may be delivered by electronic communication at the party's telecopy number or email described in Section 26.3 or at such other telecopy number as the party may designate in writing pursuant to Section 26.6 ("Change of Address"). Delivery by electronic communication must be followed by a delivery by mail or by personal service as described in Section 26.3 ("Delivery by Mail") or 26.5 ("Delivery by Personal Service"), respectively, and shall be deemed effective and complete only when the notice or document has been delivered pursuant to Section 26.3 ("Delivery by Mail") or 26.5 ("Delivery by Personal Service"), as applicable.

     26.5 Delivery by Personal Service. Any notice, payment, or other document contemplated by this Agreement may be delivered by personally serving said notice, payment, or other document upon the party at the address indicated in Section 26.3 ("Delivery by Mail") or at such other address as the party may designate in writing pursuant to Section 26.6 ("Change of Address"). In the event of delivery by personal service, no mailing of the notice, payment or other document shall be necessary, and delivery shall be deemed effective and complete on the date of said personal service.

     26.6 Change of Address. The address to which a party desires that notices, payments, and other documents be delivered may be changed at any time by giving written notice to that effective to the other parties.

27.0 General Provisions

     27.1 United States Currency. All references to dollars in this Agreement refer to United States currency.

     27.2 Time. Time is of the essence of this Agreement.

     27.3 Waiver. The failure of any party to insist upon the strict performance of any provision of this Agreement or to exercise any right, power, or remedy consequent upon a breach thereof shall not constitute a waiver by said party of any such provision, breach, or subsequent breach of the same or any other provision.

     27.4 Remedies. Except as otherwise provided in this Agreement, the parties shall be entitled to any and all remedies provided by law.

     27.5 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which, taken together, shall constitute a single agreement. This Agreement shall not become binding upon any party unless and until each party has executed at least one counterpart of this Agreement (which counterpart need not be the same counterpart executed by the other party) and has then forwarded a copy of the signature page of said counterpart to every other party certifying that it is a true and correct copy of the signature page of the Agreement.

     27.6 Further Actions. The parties hereby agree to take any and all actions and execute, acknowledge, and deliver any and all documents reasonably necessary to effect the purposes of this Agreement.

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     27.7 Modification of Agreement. This Agreement may be modified only by a document in writing executed by all of the parties hereto.

     27.8 Law Governing. This Agreement shall be interpreted and construed in accordance with, and governed and enforced in all respects by, the laws of the State of Alaska, excluding choice of law provisions.

     27.9 Construction. Each party has had the assistance of counsel in negotiating and drafting this Agreement, so the rule calling for agreements to be construed against the drafter shall not apply.

     27.10 Severability. If any provision of this Agreement or any application thereof shall be invalid or unenforceable, the remainder of this Agreement and any other application of such provision shall not be affected thereby.

     27.11 Implied Covenants. Except for a covenant of good faith and fair dealing, no other implied covenants are contained in this Agreement.

     27.12 Binding Effect. The rights, obligations, and liabilities set forth in or arising under this Agreement shall extend to, be binding upon, and inure to the benefit of the successors and assigns of the respective parties.

     27.13 Section Headings; Plural. The descriptive Section headings throughout this Agreement are for convenience and reference only, and the words contained therein shall not be held to expand, modify, amplify, or aid in the interpretation or construction of this Agreement. Words (including defined terms) using or importing the singular number include the plural and vice versa.

     27.14 Entire Agreement. This Agreement, together with the Exploration Agreement and Option to Lease dated October 19, 2011 between NovaCopper US Inc. and NANA Regional Corporation, Inc., constitute the entire agreement with respect to the subject matter contained herein and supersede all prior understandings and negotiations of the Parties. Without limiting the generality of the foregoing, the Parties specifically intend that the provisions contained in Articles 5 ("Oversight Committee"), 6 ("Sustainability Committee"), and 12 ("Contract Preference") of the Exploration Agreement and Option to Lease shall have continuing effect, and in the event of any conflict or difference between those provisions and the provisions of this Agreement, the provisions in the Exploration Agreement and Option to Lease shall control.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first hereinabove set forth.

  NANA REGIONAL CORPORATION, INC.
   
  By:_________________________________________
  Its:_________________________________________
   
  NOVACOPPER US INC.
   
  By:_________________________________________
  Its:_________________________________________

22


STATE OF ALASKA )  
  ) ss.
________  JUDICIAL DISTRICT )  

     THIS IS TO CERTIFY that on the ____ day of __________ , 2011, at _______________ , Alaska, the foregoing instrument acknowledged before me by _____________________________ , the _______________ of NANA REGIONAL CORPORATION, INC., an Alaska Native regional corporation, on behalf of said corporation.

     IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  Notary Public in and for Alaska
  My Commission Expires: _________________________

STATE OF )
  )      ss.
COUNTY OF )

     THIS IS TO CERTIFY that on the ____ day of ___________ , 2011, at ___________ , Alaska, the foregoing instrument acknowledged before me by ____________________ , in their capacity as __________________________ of NOVACOPPER US INC., a Delaware corporation, on behalf of said corporation.

     IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  Notary Public in and for Alaska
  My Commission Expires: _________________________

23

EXHIBIT A-1

TO SURFACE USE AGREEMENT

Description of NANA Lands

EXHIBIT A-2

TO SURFACE USE AGREEMENT

Description of Ambler Lands

EXHIBIT B

TO SURFACE USE AGREEMENT

Net Smelter Returns

A.

Sale of Concentrates, etc.

     In the event that NovaCopper sells ores, concentrates, or any other primary or intermediate Minerals produced from the Ambler Lands, Net Smelter Returns means the Receipts (as defined in item C, below) actually received or deemed to have been received by NovaCopper from the sale of such Mineral, less to the extent paid or incurred by NovaCopper, (a) the cost of transportation (including insurance) between NovaCopper's mill, or other facility and buyer, (b) the cost of assaying, sampling, umpire charges, and independent representative charges, and (c) taxes (other than income taxes) imposed upon or in connection with producing transporting, and selling such Minerals, to the extent the foregoing are deductible under generally accepted accounting principles in the United States and practices consistently applied by NovaCopper.

B.

Refined Minerals.

     In the event NovaCopper produces or has produced through a tolling/refining contract or any other transaction resulting in NovaCopper owning title to refined Minerals, Net Smelter Returns means the Receipts actually received or deemed to have been received from sale of the refined Minerals less the following costs attributed to that production, to the extent paid or accrued by NovaCopper prior to the date payment is due NANA under Section 5.0 ("Production Royalties") of the Agreement: (a) the costs of transportation from NovaCopper's mill to the smelter or refiner and to buyer, if not sold F.O.B. smelter or refinery, (b) the costs of assaying, sampling, smelting, and refining said Minerals by NovaCopper or the treatment or refining charges of a smelter or refiner, including penalties, tolling costs, umpire charges, and independent representative charges, (c) taxes (other than income taxes) imposed upon or in connection with producing, transporting, and selling said Minerals, and (d) costs of sale, if any actually paid or incurred by NovaCopper prior to the date payment is due NANA. In the event that NovaCopper uses its own smelter or refinery, the allowable deduction of smelting and refining shall not exceed the costs of a comparable third party smelter or refiner. In any case, NANA shall have no right to participate in any hedging, trading, or other similar transaction undertaken by NovaCopper or its Affiliates involving refined Minerals derived from the Ambler Lands.

C.

Receipts.

     "Receipts" shall be all revenues actually received during the calendar month from the sale of Minerals as follows: (1) if Minerals derived from the Ambler Lands are sold to a smelter, refiner, or other purchaser (other than NovaCopper or its Affiliates), Receipts shall equal the amount of revenues actually received by NovaCopper from the smelter, refiner, or other purchaser of Minerals, plus any bonuses and subsidies, less all penalties, assaying, and sampling charges whether deducted by the purchaser or paid or incurred by NovaCopper; or (2) if Minerals derived from the Ambler Lands are sold to NovaCopper or an Affiliate of NovaCopper, then for purposes of determining Receipts, such Minerals shall be deemed conclusively to have been sold when, after measurement, sampling and assaying in accordance with accepted mining industry practice applied in connection with third party sales, such Minerals are delivered to NovaCopper or its Affiliates, and "Receipts" from such deemed sale shall be the fair market value (the value if sold in an arm's length transaction to an unrelated third party purchaser) of such Minerals at the date of the deemed sale; or (3) if NovaCopper produces or has produced through a tolling/refining contract or any transaction that results in NovaCopper owning title to refined Minerals, Receipts means the amount actually received by NovaCopper upon the sale of such refined Minerals (if sold to a purchaser other than NovaCopper or its Affiliates); or (4) if refined Minerals derived from the Ambler Lands are retained by NovaCopper or sold to an Affiliate of NovaCopper, then for purposes of determining Receipts, such Minerals shall be deemed conclusively to have been sold when delivered in refined form to NovaCopper or its Affiliate, and "Receipts" from such deemed sale shall be the fair market value (the value if sold in an arm's length transaction to an unrelated third party purchaser) of such refined Minerals at the date of the deemed sale or, if NovaCopper and NANA cannot agree on such value, then at the applicable London Metal Exchange daily cash settlement price for such refined Minerals.


D.

Commingling.

     NovaCopper shall have the right to commingle ore and minerals from the Ambler Lands with ore and Minerals from other properties; provided, however, that NovaCopper shall calculate from representative samples the average grade of the ore and shall weigh (or calculate by volume) the ore before commingling. If concentrates are produced from the commingled ores by NovaCopper, NovaCopper shall also determine from representative samples the average metallurgical recovery percentage for all concentrates produced during the calendar quarter. In obtaining representative recovery percentages, NovaCopper may use any reasonably applicable procedures accepted in the mining and metallurgical industry in similar circumstances which it believes suitable for the type of mining and processing activity being conducted which will lead to a reasonably accurate result and, in the absence of fraud, its choice of such procedures shall be final and binding on NANA and its successors and assigns. NANA will be an active participant in developing the protocol for commingling. In addition, comparable procedures may be used by NovaCopper to apportion among the commingled ores penalty charges, if any, imposed by the purchase of such ore or concentrates.

EXHIBIT C
TO SURFACE USE AGREEMENT

Memorandum Surface Use Agreement

RECORD THIS INSTRUMENT IN THE KOTZEBUE RECORDING DISTRICT

RETURN THIS INSTRUMENT TO:  
   
   
   

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
 
MEMORANDUM SURFACE USE AGREEMENT
 
by and between
 
NANA REGIONAL CORPORATION, INC.
 
and
 
NOVACOPPER US INC.
 
[Date]
 
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

INDEX THIS INSTRUMENT AS FOLLOWS:

  Grantor: NANA REGIONAL CORPORATION, INC.
     
  Grantee: NOVACOPPER US INC.

THE NANA LANDS AFFECTED BY THIS INSTRUMENT ARE DESCRIBED IN EXHIBIT A ATTACHED HERETO. THE NOVACOPPER LANDS BURDENED BY A ROYALTY CREATED BY THIS INSTRUMENT ARE DESCRIBED IN EXHIBIT B.

     THIS MEMORANDUM SURFACE USE AGREEMENT (this "Memorandum Agreement"), entered into on _________________ , by and between NANA REGIONAL CORPORATION, INC. ("NANA"), an Alaska Native regional corporation, the address of which is P. O. Box 49, Kotzebue, Alaska 99752, and NOVACOPPER US INC. ("NovaCopper"), a Delaware corporation, the address of which is _____________________;

WITNESSETH:

     WHEREAS, NANA and NovaCopper have entered into that certain unrecorded Surface Use Agreement dated as of _______________ , affecting certain property situated in the Kotzebue Recording District, State of Alaska; and

     WHEREAS, NANA and NovaCopper desire to enter into this Memorandum Agreement in order to provide constructive notice of the Surface Use Agreement and the rights of the parties thereunder,

     NOW, THEREFORE, in consideration of the promises and covenants contained herein, NANA and NovaCopper hereby agree as follows:

I. Incorporation of Provisions of Surface Use Agreement.

     The provisions of the Surface Use Agreement are hereby incorporated by reference into this Memorandum Agreement for all purposes. This Memorandum Agreement is not intended to alter or vary any provision of the Surface Use Agreement.

II. Grant of Surface Use Rights.

     Site Access. NANA hereby grants to NovaCopper the non-exclusive right, subject to securing any necessary Village Consents, to cross over, in, under or through the NANA Lands and other lands owned by NANA in order to provide reasonable access for roads, pipelines, utilities, haulage ways, drifts and other means of access to or from the Ambler Lands; provided, however, that such access is, as to Sustainability Matters, subject to prior review and approval by the Sustainability Committee and Oversight Committee, as provided in Sections 6 ("Sustainability Committee") and 5 ("Oversight Committee") of the Exploration Agreement.

     Ancillary Rights. NANA hereby grants NovaCopper the right to use the surface of the NANA Lands to construct, use, maintain, repair, replace and relocate buildings, tailings ponds, waste dumps, structures, mills, processing facilities, stockpiles, landing areas, warehouses, storage areas, laydown yards, portals, pit laybacks, employee housing and other improvements and facilities reasonably required by NovaCopper in connection with its Operations, including, without limitation, the right to use so much of the NANA Lands as may be necessary or convenient for the storage, stockpiling, and permanent disposal of ore, broken rock, mine or other wastes, residues, tailings and other by-products of Operations; provided, however, that such use is, as to Sustainability Matters, subject to prior review and approval by the Sustainability Committee and Oversight Committee, as provided in Sections 6 ("Sustainability Committee") and 5 ("Oversight Committee") of the Exploration Agreement.

     Notice. NovaCopper shall notify NANA from time to time of the particular NANA Lands which NovaCopper will be using for the foregoing purposes and, after each such notice is delivered, NovaCopper shall have exclusive use of the surface of the lands described therein for such purposes during the term of the Surface Use Agreement and this Memorandum Agreement.

      The term of this Memorandum Agreement is identical to the term of the Surface Use Agreement.

III. Royalty.

     Pursuant to the Surface Use Agreement, NovaCopper grants to NANA, its successors and assigns, a net smelter returns royalty of one percent (1%) of all Net Smelter Returns received by NovaCopper from minerals produced from the lands described on Exhibit B during the term of the Surface Use Agreement and this Memorandum Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Memorandum Agreement as of the date first hereinabove set forth.

  NANA REGIONAL CORPORATION, INC.
   
  By: _____________________________________
  Its: ____________________________________
   
  NOVACOPPER US INC.
   
  By: _____________________________________
  Its: _____________________________________

STATE OF ALASKA )
  )      ss.
________   JUDICIAL DISTRICT )

     This is to certify that on the ______ day of _______________ , 2011, at ___________________ , Alaska, the foregoing instrument was acknowledged before me by ____________________________ , the _________________________ of NANA REGIONAL CORPORATION, INC., an Alaska Native regional corporation, on behalf of said corporation.

     IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  NOTARY PUBLIC in and for Alaska
  My Commission Expires: _________________________

STATE OF )
  )      ss.
COUNTY OF )

This is to certify that on the ______ day of ________________ , 2___, at  _________ , the foregoing instrument was acknowledged before me by  ________________________ , in their capacity as ______________________________ of NOVACOPPER US INC., a Delaware corporation, on behalf of said corporation.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

   
  NOTARY PUBLIC  in and for Alaska
  My Commission Expires: _________________________