BCSC

Exemption Orders (Discretionary)

DAYTON MINING CORPORATION

2001 BCSECCOM 695

IN THE MATTER OF THE SECURITIES ACT
R.S.B.C. 1996, c. 418

AND

IN THE MATTER OF DAYTON MINING CORPORATION

Exemption Order Under Section 9.1(1) of National Instrument 43-101

[para 1]
WHEREAS Dayton Mining Corporation (“Dayton”) has applied to the Executive Director for an order under section 9.1(1) of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“43-101”) exempting the author of certain resource and reserve summaries from having to be a member in good standing of a professional association (the “Membership Qualifications”) in order to be considered a “qualified person” under 43-101 (a “Qualified Person”);

[para 2]
AND WHEREAS Dayton has represented to the Executive Director that:

1. Dayton is incorporated under the laws of British Columbia, carries on a mineral exploration and mining business and has its head office located in Vancouver, British Columbia;

2. Dayton is a reporting issuer under the Act and is not in default of any of the requirements of the Act or of the Securities Rules, B.C.Reg. 194/97;

3. Dayton’s securities are listed on The Toronto Stock Exchange Inc. and the American Stock Exchange;

4. Dayton owns a 49% non-operating interest in the Denton-Rawhide mine (the "Mine") and proposes to use December 31, 2000 and December 31, 2001 resource and reserve summaries for the Mine (the “Summaries”) in certain disclosure that will be made available to the public in Canadian jurisdictions;

5. in connection with Dayton’s use of the Summaries, section 2.1 of 43-101 requires that the Summaries be prepared by or under the supervision of a Qualified Person;

6. the Summaries were prepared by Michael J. Read, a mining engineer located in United States of America (the “Author”);

7. the Author would be a Qualified Person, but for the fact that he is not a member of a "professional association" as defined in 43-101, and therefore, he does not satisfy the Membership Qualifications;

8. the Author has prepared the annual resource and reserve summaries for the Mine for the past three years;

9. Dayton will not require annual resource and reserve summaries for the Mine subsequent to the December 31, 2001 Summaries because the life of the Mine is not expected to extend beyond the next two years; and

10. the Author has the necessary experience, expertise and qualifications to competently prepare the Summaries;

[para 3]
AND WHEREAS the Executive Director considers that to do so would not be prejudicial to the public interest;

[para 4]
IT IS ORDERED under section 9.1(1) of 43-101 that the Membership Qualifications do not apply to the Author in determining if the Author is a Qualified Person in connection with Dayton’s use of the Summaries.

[para 5]
DATED June 26, 2001.

Brenda Leong
Director