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Gold/Mining/Energy : Northrich Pacific Ventures NPA:V -- Ignore unavailable to you. Want to Upgrade?

To: john mcknight who wrote (7115)	3/10/1998 7:13:00 PM
From: dave herbert	Read Replies (1) \| Respond to of 7431

BRITISH COLUMBIA SECURITIES COMMISSION QUARTERLY REPORT FORM61 Incorporated as part of Schedules B and C Issuer Details Name of Issuer NORTHRICH PACIFIC VENTURES INC. For Quarter Ended November 30, 1997 Date of Report Y M D 98 03 04 Issuer's Address 1128-789 West Pender Street City Province Postal Code Vancouver, British Columbia V6C 1H2 Issuer Fax No. (604) 687-2327 Issuer Telephone No. (604) 684-2383 Contact Person Arshad A. Shah Contact's Position President Contact Telephone No. (604) 687-7083 CERTIFICATE The three schedules required to complete this Quarterly Report are attached and the disclosure contained therein has been approved by the Board of Directors. A copy of this Quarterly Report will be provided to any shareholder who requests it. Director's Signature "Arshad Shah" Print Full Name ARSHAD A. SHAH Date Signed Y M D 98 03 04 Director's Signature "Laurence Sookochoff" Print Full Name LAURENCE SOOKOCHOFF Date Signed Y M D 98 03 04 Related Transactions Supplementary Information Schedule B Section 1 Aggregate amount of Expenditures made to Parties not at Arm's Length during Quarter Ended November 30, 1997 Administrative Services, professional fees and Rent paid to companies which have one or more mutual Director $ 19,800 Securities Issued during Quarter Ended November 30, 1997 Schedule B Section 2a Date of Issue Type of Security Number or Amount Price Total Proceeds Consideration Commission n/a n/a n/a SUPPLEMENTARY INFORMATION SCHEDULE B SECTION 3a Authorized and Issued Share Capital as at November 30,1997 Class Par Value Auth. Number Issued Number Issued Amount Common NPV 100,000,000 14,321,224 $ 5,215,740 Section 3b Options Warrants & Convertible Securities o/s November 30, 1997 Security Number of Amount Exercise or Price Convertible Issued Amount Warrants 1,250,000 $ .20 August 9, 1998 Options 565,000 $ 1.00 March 25, 2002 Section 3c Shares in Escrow or Subject to Pooling as at November 30, 1997 Common shares in Escrow 31,248 Section 3d List of Directors as at November 30, 1997 Director Position Held Arshad A. Shah Director/President William Gilmour Director/Secretary Robert Klein Director Laurence Sookochoff Director Schedule C MANAGEMENT DISCUSSIONS The company received land use permit #N97C693 in connection with the exploration and development program on the Coni-1 property. Results from the geophysical surveys indicated an anomalous new conductor zone in addition to a 400 meter strike zone. The new zone was been traced by Max-Min electromagnetic survey methods for a length exceeding 200 meters across a swamp area. Old trenches mineralized with high grade nickel cobalt sulphides and arsenides occurred along strike from the anomaly. Phase 1 was completed in May, 1997. The Company entered into a purchase agreement with Striker Minerals and two private vendors pursuant to which the Company acquired 75% of a total of six mineral claims located near the Lac La Range area in Saskatchewan. The company issued 500,000 shares at the price of $.40 for a total of $200,000 and a committed to a work program on the properties of not less than $75,000 in each of the next two years. Vancouver Stock Exchange approval has not yet been obtained. The Company entered into an agreement in principle with Whalen Resources Ltd. of Calgary, Alberta to acquire up to 50% of mineral property located near Thunder Bay, Ontario knows as the Aldina property. The Company agreed to pay the sum of $100,000 and to commit to a work program of not less than $300,000 over the next 30 months. The Company will also issue to Whalen Resources Ltd. 1,200,000 shares at the price of $.20 per share. This transaction did not complete. The Company terminated the services of Paul Watkins of Watkins Online soon after the company's trading was suspended. The Company announced a private placement in the amount of $150,000 for the issuance of 1,000,000 units at the price of $.15 per unit where each unit was comprised of one common share and one share purchase warrant for the purchase of an additional common share of the Company at the price of $.15 in the first year and $.18 in the second year. This private placement has not been completed and is now canceled.