Glossary of Terms used in this Annual Report

(including Resource and Reserve definitions)

Adit – a passageway or opening driven horizontally into the side of a hill, generally for the purpose of exploring underground or otherwise accessing a mineral deposit

Alteration – any physical or chemical change in rock or mineral subsequent to its formation

Anomaly – a departure from the normal or field characteristic; a term commonly used in geochemical and geophysical prospecting Assay – a quantitative test of minerals and ore by chemical and / or fire techniques CAD – Canadian dollar CIL – carbon-in-leach CIP – carbon-in-pulp

Assay - a quantitative test of minerals and ore by chemical and / or fire techniques

CAD - Canadian dollar

CIL - carbon-in-leach

CIP - carbon-in-pulp

Concession – a grant of mining rights especially by a government in return for services or for a particular use

Co – Cobalt.

Corporation (the) – Crew Gold Corporation and its operating subsidiaries

Cu – Copper

Deposit – a mineralized body which has been physically delineated by sufficient drilling, trenching and / or underground work, and found to contain a sufficient average grade of metal or metals to warrant further exploration and / or development expenditure

DMT – dry metric tonnes

g/t - grams per tonne

Hectare or ha – 10,000 square metres or 2.471 acres.

High grade – More than 31 grams of gold per tonne or more than one troy ounce of gold per tonne

* Inferred mineral resource – the part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified for geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.

* Indicated mineral resource – the part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.

Intrusive – a body of igneous rock formed by a consolidation of magma intruded into other rocks, in contrast to lavas, which are extruded upon the surface

Kilometer or km – 1,000 meters or 0.621 miles

* Measured mineral resource – the part of a mineral resource for which quantity, grade or quality, densities, shape, physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.

Meter or m – 3.281 feet

* Mineral reserve – the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

* Mineral resource – a concentration or occurrence of natural, solid, inorganic or fossilized organic material in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge.

Mineralization – the concentration of metals and their chemical compounds within a body of rock

MT or tonne – metric tonne

Mtu – metric tonne unit

Ni – Nickel

NOK – Norwegian kroner

Ore – a natural aggregate of one or more minerals which, at a specified time and place, may be mined and sold at a profit, or from which some part may be profitably separated

Ounces or oz – Troy ounces

Preliminary feasibility study – a comprehensive study of the viability of a mineral project that has advanced to a stage where the mining method, in the case of underground mining, or the pit configuration, in the case of an open pit, has been established, and where an effective method of mineral processing has been determined. This study must include a financial analysis based on reasonable assumptions of technical, engineering, operating and economic factors and evaluation of other relevant factors which are sufficient for a qualified person acting reasonably, to determine if all or part of the mineral resource may be classified as a mineral reserve.

* Probable reserve – the economically mineable part of an indicated and in some circumstances measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified.

* Proven Reserve – the economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting that economic extraction is justified.

Pyrite – mineral containing iron sulphide

Shares – common shares in the capital of the Corporation

Snowden – Snowden Mining Industry Consultants Inc.

Sulphide – a mineral of sulphur with one or more other elements

T/d or tpd – tonnes of ore that can be processed in a day

Troy ounce – 31.10348 grams

Wmt - wet metric tonne

ZAR – South African rand

* The above definitions of resources and reserves are according to the Canadian Institute of Mining, Metallurgy and Petroleum, Standards on Mineral Resources and Reserves: Definitions and Guidelines.

Resources and reserves reported in this document which refer to the Australasian Code for Reporting of Mineral Resources and Ore Reserves (“JORC Code”) are retained in their original format.