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About NPM Funds
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The management of Northern Precious Metals Funds Inc. has been involved with the Canadian mining sector for over 35 years and has been instrumental in assisting governments in the development of new financial structures to promote the exploration and development of mineral resources in Canada. It pioneered the creation of the first mining limited partnership, in 1980, which gave Canadian investors the opportunity to benefit from tax incentives aimed at supporting the resource industry. Two successful limited partnership financings help Muscocho Exploration Limited bring the Quebec Montauban deposit to production in early 1984.

In 1985, the president of Northern joined CMP Funds Management Inc. who pioneered the creation of widely marketed flow-through limited partnerships using a diversified and professionally managed portfolio of flow-through shares. He remained the president of CMP until 1992, when limited partnership offerings became less attractive as a result of reduced government tax benefits and a material decline in precious and base metal prices which lasted until late 2002.

After a very difficult period of more than 5 years which seriously impaired the mining sector, 2003 saw a turn around in metal prices as well as a reversal in investors' sentiment. As the outlook for the mining industry looked very promising, Mr. Masse spearheaded the creation of a new mining limited partnership at the end of 2003, under the name "Northern Precious Metals Limited Partnership", for investors to take advantage of the improvement in precious and base metal prices and to benefit from a major and long expected turn around in Canadian exploration activity on a tax-assisted basis.

To date the management of Northern Precious Metal Funds Inc. has launched eleven offerings: eight through prospectuses and three through private limited partnerships, and is also the porfolio manager for other flow-through limited partnerships.