Case Study, page-2

Brazil Trial Mining Licence (Guia de Utilização – “GU”) for 300,000 tpa ore, easy to obtain and can be done within 6 months based on IGS work in Brazil to date !!

Troy Resources (Andorinhas Gold Project) in Brazil shutting down mid 2015 with a gold processing plant of some 300,000 tpa that maybe available for sale ? or locate another plant in Brazil some where ?? they are there !!

There is NO valid reason as to why IGS has not brought the Brazil Project into gold production as like other ASX companies operating in Brazil with less tons and less gold grade and there is NO excuse for this not having been done already !!

Directors i accept your resignation !!