Canadian Warrants

An application has also been granted for the listing of 8,166,834 common share
purchase warrants all of which are issued and outstanding.

Each warrant entitles the holder to purchase one common share at a price of 70
cents per share at any time prior to 5 p.m. (Toronto Time) on March 22, 2007.

The common shares and the warrants of the company will be listed and posted for
trading at the open on Monday, Oct. 17, 2005. The company is subject to the
reporting requirements of Section 501 of the TSX company manual.

Common shares symbol: BLE
Common share Cusip No.: 09578T 10 9
Common share trading currency: Canadian dollars
Warrant symbol: BLE.WT
Warrant Cusip No.: 09578T 11 7
Warrant trading currency: Canadian dollars
Temporary market-maker: TD Securities Inc.

Other markets: The common shares of the company have been listed for trading on
TSX Venture Exchange since Oct. 15, 1997. The warrants of the company have been
listed for trading on TSX-V since Aug. 3, 2005. The common shares and warrants
will be delisted from TSX-V on Oct. 17, 2005.

Incorporation: The company was formed under the name Patent Enforcement and
Royalties Ltd. by articles of amalgamation under the Business Corporation Act
(Ontario) on July 1, 2000. On April 14, 2005, the corporation filed articles of
amendment changing its name to the company.

Fiscal year-end: Dec. 31

Nature of business: The company is a Canadian-based mining development
company whose sole focus is on developing the Davidson molybdenum deposit
located near Smithers, B.C. A feasibility study is currently under way on the project
with the intention of being in production by mid-2007.

Transfer agent and registrar: Equity Transfer Services Ltd. at its principal office in
Toronto

Dividends: The company has not paid any dividends or made any distributions for
the past five years. The company does not anticipate paying dividends in the
foreseeable future.

Blue Pearl to list 24,543,591 warrants Oct. 26

2006-10-24 20:12 ET - Warrants Called to Trade
TSX bulletin 2006-1355
Further to Toronto Stock Exchange bulletin 2006-1333 dated Oct. 19, 2006, in
anticipation of satisfaction of the escrow release conditions being satisfied (as
defined in the short form prospectus dated Oct. 13, 2006), scheduled to occur during
the morning of Thursday, Oct. 26, 2006, up to a total of 24,543,591 common share
purchase warrants of Blue Pearl Mining Ltd. will be listed at the open on Oct. 26,
2006, aunder the trading information set out below, but will be halted from trading
until such time as the TSX has been advised that the closing has occurred.
The subscription receipts will continue to trade on a regular settlement basis on Oct.
26, 2006. Once the closing has been confirmed to the TSX, a trader note will be
issued to announce:
1. the time the warrants will be posted for trading; and
2. the halting from trading and subsequent delisting of the receipts.
Warrant symbol: BLE.WT.A
Warrant Cusip No.: 09578T 30 7
Designated market-maker: TD Securities Inc.
Transfer agent and registrar: Equity Transfer & Trust Co. at its principal office in
Toronto
Other markets: None
At closing, each receipt will be exchanged, for no additional consideration, for one
Blue Pearl common share and one-half of one warrant. A total of 41.86 million
receipts were sold at $5.50 per receipt pursuant to the terms the prospectus. The
prospectus also qualifies the distribution of 7,227,182 Blue Pearl common shares
and 3,613,591 warrants to be issued and sold by Blue Pearl pursuant to the
Thompson Creek Vendors' subscription.
Assuming the closing occurs, each whole warrant will entitle the holder to purchase
one common share at a price of $9 per share at any time prior to 5 p.m. (Toronto
time) on the date that is five years from the closing of the prospectus offering of
receipts. The warrants will be represented by one or more global certificates to be
registered in the name of the Canadian Depository for Securities Ltd. (CDS).
Beneficial interest in the global securities representing the warrants will be shown
on, and transfers thereof will be effected only through, records maintained by CDS
(Canadian Depository for Securities) and its participants. The warrants will be
governed by the terms of a warrant indenture dated Oct. 23, 2006, between Blue
Pearl and Equity Transfer & Trust Co. as trustee. The warrant indenture provides for
appropriate adjustments to be made to the rights of the holders of warrants in the
event of stock dividends, subdivisions, consolidations and other forms of capital
reorganization.