December 21, 2004 Ivernia’s Magellan Lead Plant Handed Over On Schedule By Construction Contractor November 24, 2004 Ivernia Announces Agreement Achieved on First Major Sales Contract for Magellan Lead Concentrates November 18, 2004 Ivernia Closes Cdn$10,000,000 Financing November 16, 2004 Ivernia Announces Underwriters Exercise Option to Purchase Additional 2,400,000 Units for Total Private Placement Financing Proceeds of Cdn$10,000,000 November 11, 2004 Ivernia Reports Third Quarter 2004 Results; Magellan Lead Mine Construction On Schedule, Commissioning Commences In January November 2, 2004 Ivernia Announces Underwritten Private Placement Financing October 13, 2004 Ivernia Reports Magellan on Schedule for Year-End Plant Handover October 8, 2004 Ivernia Announces Ocean Partners to Assume Magellan’s Lead-Sales Agency Contract September 29, 2004 Ivernia Inc. Completes Sale Of Lisheen Mine Interest To Anglo American Plc And Is Now Focused On The Development Of Magellan Project August 11, 2004 Ivernia Reports Second Quarter 2004 Results; Magellan on Schedule For Lead Production First Quarter 2005 July 12, 2004 Ivernia Announces Contained Lead in Reserves Increase by 22% ; Discovered Significant New Inferred Resources at Magellan and Pinzon Deposits July 7, 2004 Ivernia Completes Share Consolidation and Name Change; Reports Supportive Annual Meeting Voting Results June 28, 2004 Ivernia Strengthens Management Team, Appoints Kevin Ross as COO; Construction of Magellan Commenced in May May 14, 2004 Ivernia Reports First Quarter 2004 Results; Magellan Construction Approved And Financed May 5, 2004 Ivernia Announces Financing and Development of the Magellan High-Grade Lead Project April 1, 2004 Ivernia Announces Restructuring of Magellan Joint Venture Funding Arrangements March 25, 2004 Ivernia Closes Cdn$20 Million Financing March 11, 2004 Ivernia Announces Increase in Private Placement Financing for Magellan Lead Project and Conversion of Convertible Notes February 23, 2004 Ivernia West Announces Private Placement Financing for Magellan Lead Project January 5, 2004 Ivernia West Securityholders to Exercise All Outstanding Share Purchase Warrants; Proceeds of US$2.54 Million to Partly Finance Magellan Lead Project