Ann: Initial Director's Interest Notice x 3, page-2

Interesting that one of the new directors was a shareholder in Cobalt Prospecting from where we acquired Mal and Husky. Bodes well for VIC shareholders from a logical point of view in that if the tenements were know duds prior owners would not have any interest in being involved once sold. He also has performance shares associated with milestones in relation to the tenements. Suggests it's in his interest to get these drilled!