Portfolio Investments
NEMI holds a 17% stake in Black Eagle Mining Corporation (BEM), a privately held Vancouver company that holds the sole and exclusive right to acquire a 100% interest in certain applications forming the Blackstone metallurgical coal project in Alberta.
holds the sole and
exclusive right to acquire a 100% interest in certain applications forming the Blackstone metallurgical
coal project in Alberta (the "Property") pursuant to an agreement dated August 12, 2011, as amended,
between Black Eagle and Rio Tinto Exploration Canada Inc. ("Rio"), subject to a back-in right pursuant
to which Rio may retain a 51% interest in the Property.