Ann: Further Delays to Financing Las Lagunas Gold, page-33

re: Ann: Further Delays to Financing Las Lagu... Jarg,

To the best of knowledge:

Macquarie must register itself in the Dominican Republic

Grimston to sign loan documents (arbitration July 19)

Then Macquarie can register the loan documents

LL to Forward Sell required amount of gold

Then the project gets finance ---- all by the end of August 2010.

As for the potential issue of more shares ---- if it is one more piece of the puzzle --- well so be it.

Regards --- Jim