FPX Nickel Corp (FPX)

[Ed Monton]

Share Structure is as follows:

At March 31st the number of shares outstanding are 23,455,954 this includes 50,000 options and 566,000 warrants that were exercised in the first quarter for proceeds of $16,000 and $142,750 respectively.

Share Options and Share Purchase Warrants are listed in the table below (all figures are from the financial statements available at www.sedar.com) These are as of Dec 31/2002 and some have been exercised already (see above).

 
 OPTIONS 
  
 Number      Price       Expiry Date 
 199,000	    0.45	Feb-04 
 50,000      0.32	Aug-04 
 620,000	    0.39	Dec-04 
 50,000	    0.53	Feb-05 
 50,000	    0.55	Apr-05 
 315,000	    0.5	        Jun-05 
 75,000	    0.19	Jan-07 
 305,000	    0.2	        Jan-07 
 50,000	    0.53	Jun-07 
 460,000	    0.55	Jun-07 
 100,000	    0.2  	Dec-07 
 ------------------------------------------------------------------------------		 
 Total Number------------2,274,000		 
 ------------------------------------------------------------------------------ 
  
 WARRANTS 
  
 Number      Price       Expiry Date 
 598,750	    0.25	Jan-03 
 1,375,000   0.3	        Dec-03 
 125,000	    0.3	        Jan-04 
 1,250,000   .30/.35	May 03/04 
 375,000	   .30/.35	May 03/04 
 82,987	   .60/.65	July 03/04 
 ------------------------------------------------------------------------------ 
  
 Total Number------------3,806,737