(1) Subject to
subsection (2), if an exploration licence holder applies for an extension
under section 96, the Minister —
(a) may
grant an extension of the term of the licence; or
(b) may
refuse to grant an extension of the term of the licence.
(2) The extension must
not be for a period that is longer than the period of the suspension or
exemption.
(3) The extension may
be granted subject to whatever conditions the Minister thinks appropriate.