ROYALTY RECEIVABLE

12 Months Ended

Jan. 31, 2019

Notes to Financial Statements

8. ROYALTY RECEIVABLE

A reconciliation of the royalty receivable balance is as follows:

	January 31, 2019		January 31, 2018
Beginning balance	$	3,540,753	$	-
Royalty received for exploration and evaluation asset (Note 5)		-		3,603,680
Finance income		189,154		117,379
Change in foreign exchange rate		239,449		(180,306	)
	$	3,969,356	$	3,540,753