Ann: Updated Resource with Substantial Indicated Classification, page-40

1. Huge share dilution coming.

2. Indicated JORC is 9.1% zinc equivalent with 25% silver content. Silver generally has lower recovery.

3. Burmese govt profit share is unknown but estimated in broker report to be as high as 50%.

4. These factors potentially greatly reduce the upside for MYL (from what at least I previously had).

5. It is illogical raising $35M without knowing the Scoping Study.

6. The impression is MYL made a serious error in planning in previously believing they could issue a Scoping Study without a Indicated JORC.

7. Thus, you people are speculating.