Hemlo (Interlake) - Ontario

Royalty:     3% NSR, 50% NPI Operator:  Barrick Gold Corporation and Teck Cominco Limited

Franco-Nevada hold royalties opn the Interlake mineral leases at the Hemlo gold camp that holds the down-dip north western plunge of the Williams mine ore body operated by Barrick Gold and Teck  Cominco. Teck and Barrick have undertaken underground development and exploration on Franco-Nevada's property using their Williams Operating Company infrastructure.