Ann: Drilling Highlights Ghana Potential , page-4

Company have stated first results from latest Otjo drilling program are anticipated in July. Resource upgrade expected in September. Regardless of dates, solid news flow in the coming months.

Market release from late May;

* 3,000 metre diamond drilling program commences at Shaw River's 75.5% owned Otjozondu ("Otjo") Manganese Project in Namibia.

* Two additional RC drill rigs and crews are planned to be on site within weeks to begin an aggressive resources extension drill program of over 7,000 meters.

* First results from the program are anticipated in July 2011. A resource upgrade is expected in September 2011. First production is targeted for June 2012.