Ann: Lincoln Springs Project Exploration Update, page-12

Dear Caneron McLeab,

Please don't bother asking for money (in any form or shape) till you show Cobalt hanging off the drill bit ... because;

(a) we have been taken for that ride and to cleaners & back many a times before, and

(b) there should be plenty of money from previous CR which took place but the project was not even remotely attempted. So, consider your Cobalt bait to be that "would be venture" of you intend to raise capital any time soon.

Yours Truely NOT,
BMT (Burnt Many Times)