Ann: Bawdwin Exploration Potential, page-3

Exploration Potential Highlights • The Bawdwin concession has hardly been explored other than the known lodes. • There are a number of high priority exploration targets on the current concession which have strong potential for new base metal orebodies and which require modern systematic exploration programs. • Modern systematic exploration programs will be undertaken once the Bawdwin acquisition has been completed.

• 5,000 metre RC and Diamond drilling program progressing well with first assays pending