Ann: Appendix 3B, page-10

Ignore the day traders trying to downplay negatives by killing the messenger.

I will be asking a lot of questions at the AGM looking for answers, starting with.

According to ASX published accounts and financials, FEL is staffed by mostly CFE directors and administration with operating costs of 2000 per quarter outside of these salaries. With no prospective projects or operating cashflow it was likely to be no longer a going concern.

What value does assigning an asset that CFE shareholders paid for less than 6 months ago to FEL who appears to shell company with no operational workforce provide other than to maintain salaries for these CFE staff.

It was said that the assets was assigned to FEL in order to develop the project, how are they in better position to develop it than the same staff would do as CFE?