WHITE MOUNTAIN TITANIUM CORP | 2013 | FY | 3


      December 31, 2013     December 31, 2012  
            Weighted           Weighted  
            Average           Average  
      Number     Exercise     Number     Exercise  
      of Warrants     Price     of Warrants     Price  
                           
  Outstanding - beginning of year   4,716,862   $ 1.01     4,041,383 $     1.07  
  Correction to opening balance   -     -     (55 )   1.07  
  Issued   8,081,723     0.51     910,534     1.70  
  Exercised   -     -     (235,000 )   0.50  
  Expired   (36,000 )   (1.18 )   -     -  
                           
  Outstanding - end of year   12,762,585   $ 0.69     4,716,862 $     1.22  

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