Platinum Group Metals

Franco-Nevada has significant exposure to Platinum Group Metals (PGMs). It has a 5% NSR on a large proportion of the Stillwater mine in Montana, North Americas largest PGM mine. It also has an interest in the Pandora JV in the bushveld PGM complex of South Africa and two exploration interests.

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.