Canadian Warrants

The gross proceeds received by the company for the offering were $750,000 (three million units at 25 cents per unit). The offering consists of one million flow-through units and two million non-flow-through units. Each unit consists of one share and one warrant which will be listed for trading at the open Feb. 14, 2002. As well, the offering consists of 5,606,000 shares and 4,106,000 share purchase warrants issuable upon the exercise of 5,606,000 previously issued special warrants as described below. The company is classified as a mineral exploration and development company.
Jurisdiction:  Canada
Capitalization:  Unlimited common shares with no par value of which 11,852,766 common shares are issued and outstanding (assuming the exercise of all the special warrants described below)
Escrow:  4,947,088 common shares and 675,000 shares issuable upon the exercise of 675,000 Series A special warrants
Transfer agent:  Computershare Trust Company of Canada

Symbol (shares):  ADD
Cusip No. (shares):  03967P 10 9
Symbol (warrants):  ADD.WT

Cusip No. (warrants): 03967P 11 7
Sponsor:  Canaccord Capital Corporation
Agent:  Canaccord Capital Corporation

Public warrants:  Each transferable public warrant is exercisable into one common share at a price of 28 cents per share for two years from the date the warrants commence trading. These public warrants will be listed for trading.
Greenshoe option
The agent has overallotted the offering to the extent of 450,000 units. The company has granted a greenshoe option entitling the agent to purchase a total of 450,000 units at a price of 25 cents per unit up to the close of business on April 15, 2002. The units have the same terms as the offering units.
Agent's warrants
Four hundred and fifty thousand non-transferable share purchase warrants will be issued. One warrant will purchase one share at 28 cents per share up to two years from the date the shares commence trading. If the greenshoe option is exercised in full, an additional 67,500 agent's warrants will be issued.
Special warrants
The prospectus also qualifies the distribution upon the exercise or deemed exercise of:
(i) 1.5 million special warrants which are exercisable into 1.5 million shares;
(ii) 2.99 million Series A special warrants which are exercisable into 2.99 million shares and 2.99 million non-transferable share purchase warrants. Each warrant is exercisable into one share, up to Feb. 28, 2002, at a price of 10 cents per share; and
(iii) 1,116,000 Series B special warrants which are exercisable into 1,116,000 shares and 1,116,000 non-transferable share purchase warrants. Each warrant is exercisable into one share, up to Feb. 28, 2002, at a price of 25 cents per share.