Gold

Gold royalties constitute the largest percentage of Franco-Nevada’s revenue. Franco-Nevada has royalties in 16 other gold operations and royalties on 12 properties in development or advanced exploration and royalty contracts or options on 127 gold exploration properties.

Information and further supporting detail on our assets is contained in our Annual Information Form available at http://www.sedar.com/.  This information should be read with reference to the cautions regarding the use of forward looking statements and our access to property information contained in our Annual Information Form.  As a royalty holder, we have limited, if any, access to technical information on properties on which we hold interests.  We rely principally on publically available information provided by the operating companies.  All figures presented in this website on reserves and resources are based solely on information publicly disclosed by the owners and operators of these properties as of March 10, 2008 or as otherwise noted and none of this information has been verified by Franco-Nevada.  Production figures are for the year ended December 31, 2007 unless otherwise noted.  Franco-Nevada's royalties often cover less than 100% and sometimes only a portion of the publicly reported reserves, resources and production of a property.