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Algonquins of Barriere Lake Les Algonquins du Lac Barriere KITIGANIK -Rapid Lake - Lac Rapide Quebec 10W 2C0
ie: Coppei One and the Rivieie Doi coppei-nickeI nine pio|ect in Quebec
June 19, 2012
The AnnuaI Meeting oI Coppei One is taking pIace this noining at ooo McGiII CoIIege,
Suite o in MontieaI. Theie aie a nunbei oI seiious iisks, unceitainties and poIiticaI and
IegaI obstacIes aIIecting the conpany and its Rivieie Doi coppei-nickeI pio|ect that aie
not being piopeiIy discIosed to investois.
HISTORY OF FIRST NATIONS OPPOSITION TO THE RIVIERE DORE MINE:
The Rivieie Doi coppei-nickeI NickeI ExpIoiation Pio|ect is Iocated to the south-east oI
VaI D'doi, Quebec and is within the teiiitoiy oI the AIgonquin Fiist Nation oI Baiiieie
Lake. An oveiwheIning na|oiity oI nenbeis oI the Fiist Nation have expiessed theii
opposition to a coppei-nickeI nine

ctions to date have incIuded a peaceIuI bIockade oI

the diiIIing site in ApiiI o duiing expIoiation by Caitiei Resouices Inc. The nenbeis oI
the Fiist Nation pIan to inciease piotest activities against the pio|ect iI necessaiy. This wiII
have seiious consequences Ioi the conpany, hinted at in Coppei One's AnnuaI
Managenent's Discussion and AnaIysis docunent Ioi o: :
There is a risk that the First Nations may publicly oppose the
proposed project at any stage and this potential opposition may
adversely afect the project or the Companys public image.
2
CARTIER RESOURCES, INC. SOLD THE PROJECT AFTER OPPOSITION
Caitiei Resouices Inc ieaIized the enoinous obstacIes that Fiist Nations opposition posed
to the Rivieie Doi pio|ect. AItei stiong opposition, the Quebec goveinnent and Caitiei
Resouices Inc suspended the cIain Ioi yeais in JuIy o. Caitiei Resouices Inc and
Coppei One then teininated an option and |oint ventuie agieenent. Caitiei Resouices Inc
soId the pio|ect to Coppei One Ioi |ust $o,ooo and connon shaies
GOVERNMENT FAILURE TO RESPECT BINDING AGREEMENTS COVERING
PLANNED MINING AREAS
In qq, the AIgonquins oI Baiiieie Lake signed a TiiIateiaI Agieenent with the
Goveinnent oI Canada and Quebec to sustainabIy co-nanage the o,ooo squaie
kiIoneteis oI theii tiaditionaI teiiitoiy. Canada and Quebec aie not honouiing the
agieenent, which the Baiiieie Lake Fiist Nation has chaIIenged poIiticaIIy and IegaIIy.
The Rivieie Doi coppei-nickeI cIain is within the TiiIateiaI Agieenent teiiitoiy. The
Agieenent does not piovide Ioi nining in the teiiitoiy. Menbeis oI the Fiist Nation
ieIuse to considei nineiaI expIoiation oi nining untiI the Goveinnent oI Quebec and
Canada have inpIenented the TiiIateiaI Agieenent.
FAILURE TO COMPLY WITH INTERNATIONAL LEGAL STANDARDS
In Iine with inteinationaI nininun standaids set out by the United Nations DecIaiation
on the Rights oI Indigenous PeopIes (UNDRIP), goveinnents oi conpanies nust ieceive
1Baiiieie Lake Fiist Nation CeIebiates Mining Conpany's Retieat", Mining Watch Canada and the
AIgonquins oI Baiiieie Lake, http://www.miningwatch.ca/news/barriere-lake-Iirst-nation-celebrates-
mining-companys-retreat. JuIy , o.
2 Coppei One Inc. AnnuaI Managenent Discussion and AnaIysis Docunent" Decenbei , o: p.
the Fiee, Piioi, InIoined consent Iion a connunity beIoie pioceeding with pio|ects.
Neithei the conpany - Iiist Caitiei Resouices Inc., now Coppei One - noi the Quebec
goveinnent has ieceived consent Ioi this pio|ect.
LEGAL LIABILITIES BECAUSE OF
ABORIGINAL RIGHTS AND TITLE
The Rivieie Doi coppei-nickeI piopeity is on
the unceded teiiitoiy oI the AIgonquin Fiist
Nation oI Baiiieie Lake. The Fiist Nation has
constitutionaIIy piotected AboiiginaI and
Tieaty iights to theii tiaditionaI Iands and
iesouices. Canadian Couits have cIeaiIy
estabIished a constitutionaI obIigation Ioi
goveinnents to caiiy out neaningIuI
consuItation and acconnodation beIoie any
decisions aie nade that couId inpact on the iights and inteiests oI Fiist Nations.

Case Iaw
ovei aboiiginaI iights has cIeaiIy cieated a need Ioi consuItation and acconodation
duiing expIoiation.
Neithei the Quebec goveinnent noi any nining conpany has estabIished a piocess Ioi
consuItation and acconnodation oI the Fiist Nation oI Baiiieie Lake. This is onIy noted
paitiaIIy in Coppei One's AnnuaI Managenent's Discussion and AnaIysis docunent:
One of the Companys projects is the Riviere Dore project, which is located southeast of
the town Val- dOr, Quebec. Canadian law related to aboriginal rights, including
aboriginal title rights, is in a period of change. There is a risk that future changes to the
law may adversely aect the Companys rights to its Canadian projects, including the
Riviere Dore project. (27)
4
LONG-TERM FINANCIAL RISKS ASSOCIATED WITH THE PROJECT
The option agieenent Caitiei Resouices Inc signed with Coppei One indicates that it
wouId take an investnent oI sone $-niIIion and IikeIy seveiaI yeais oI expIoiation and
anaIysis to deteinine iI the pio|ect is IeasibIe. Given the nunbei oI pio|ects Coppei One is
invoIved in, and the ieIativeIy Iinited anount oI cash they have on hand, the conpany
wiII IikeIy have to Iind new noney to pioceed with the Rivieie Doi pio|ect. The Iack oI
ceitainty about the IikeIihood oI the pio|ect noving Ioiwaid wiII nake this veiy diIIicuIt.
FAILURE TO NEGOTATE WITH LEGITIMATE BAND COUNCIL OF BARRIERE LAKE
FIRST NATION
Coppei One has stated theii connitnent to iespecting the inteiests oI stakehoIdeis in
the Rivieie Doi piopeity and pIans to begin shoitIy negotiations with the AIgonquin
connunity oI Rapid Lake with the ob|ective oI ieaching an agieenent between aII paities
piioi to undeitaking Iuithei expIoiation woik."

This indicates the conpany intends to

ieach sone kind oI deaI; howevei, this wiII not be possibIe, because the oveiwheIning
na|oiity oI the Fiist Nation. Baiiieie Lake's connunity nenbeis ieIuse to give consent to
the pio|ect. CuiientIy, an iIIegitinate Band CounciI whose status is being IegaIIy
chaIIenged is negotiating iIIegaIIynegotiating with Ioiestiy conpanies, and negotiated
iIIegaIIy in the past with Caitiei Resouices Inc. Any agieenents signed between this
iIIegitinate Band CounciI and Coppei One wiII not be iecognized by the AIgonquin Fiist
Nation oI Baiiieie Lake.
3Haida Nation v British Columbia (Minister of Forestes) |2004| S.C.R. 511. Mikisew Cree First Nation v Canada
(Minister of Canadian Heritage) 2001 SCC 33, |2001| 1 S.C.R. 911. Taku River Tlingit First Nation v. British
Columbia (Profect Assessment Director) |2004| 3 S.C.R. 550. The West Moberlv, Constance Lake, Ardoch and
Kitchenuhmavkoosib Inninnuwug decisions have also aIIirmed the Crown's duty to consult on mineral exploration
activities.
4 Copper One, p. 27.
5'http://www.stockwatch.com/News/Item.aspx?bidZ-C3AECR-1907539&symbolECR&regionC