Ann: December 2009 Quarterly Report , page-2

1. Coal Project - Delayed as they don't know the laws. Awaiting Government notices - No time frame.

While still negotiating to get the mining contract sorted they don't know exactly where they stand with the owner.

As usual delays with unknown time frames for resolution.

2. Peru -

a) Cuzco - Results pending - How long?
b) Apurimac - Hope to start digging in May - SRK time

Huninni what Peru announcments do expect that will be coming as well as being positive.

1 Could be Cuzco initial resource after that I don't see anything for quite a while?