Research Note, page-2

Hi Tukebay,

Not sure what you know about this company, and I must stress I'm no expert either, so perhaps a quick recap is worthwhile.

GPR are exploring in 3 separate countries where they hold multiple leases in each, Cambodia, Fiji and Papua New Guinea.

Papua New Guinea - the main focus here is Woodlark Island in Papua. As per the last announcement drilling assays are not far away. Expectations are high regarding the drilling campaign there and if all goes according to plan A, I believe GPR are ready to fast track the mine to production. Further exploration looks promising too.

Cambodia - GPR have many tenements there, with a few already well explored. We've been waiting for a JORC resource regarding a copper tenement and the preliminary drilling on a gold tenement suggests a deeper, larger deposit.

Fiji - I fairly sure all GPR'S leases there are gold. Some have already been partially drilled and I was expecting drill assays from Faddy's claim.

Cambodia and Fiji, both exciting prospects in their own rights, seem to have taken a backseat while exploration at Woodlark gains pace. I find this understandable because, I guess of all their leases, it has the best potential for becoming a near term producer. It's also good to see the price of copper recovering. GPR'S copper tenement in Cambodia, so I'm led to believe, is also a nearer term project, along with Faddy's claim in Fiji.

I've held GPR for a few years and I'm still impressed by both their nearer and longer term projects. If copper and gold prices continue to rise, and Woodlark makes it to production, I personally believe this company will go places.

As always, do your own research,

Cheers

Rhama