New Carolin Capital Structure (as of April 27, 2016) Shares Issued and Outstanding: 137,635,722 Warrants: (to March 09, 2018) 46,740,000 (wt av. CAD$0.07) Options: (to September 4, 2020) 5,875,000 (wt av. CAD$0.07) Convertible Debentures: (to December 31, 2016) 500,000 (wt av. CAD$0.075 on conversion of units and exercise of warrants) Fully Diluted: 185,375,722 http://www.newcarolingold.com/investors/