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Employment Summary for January - March 2007

May-15-07

The following table summarizes employment for the first quarter of 2007 by project component and residence.

Project Component Labrador Newfoundland Other Total
Corporate

25

25
Exploration
6
26

32
Mine & Concentrator




Construction
3
3

6
Operations
277
89
23
389
Commercial Plant



Engineering & Planning
11
103
14
189
Hydromet R&D
29
146
85
254
Grand Total
326
392
224
942

* Operations team are direct employees of VBNC hired for our operations in Labrador and on the island