Ann: Q&A on the merger of QBL MCL and Medcan, page-479

DEALING WITH THE QUESTIONS ON THIS FORUM

Good afternoon guys,

As many of you have now read the letter from the Managing Director to this forum, and through discussions with the HC administration, I have been given authority by the Board of QBL to deal with many of the questions that have been placed on this forum.

I am now no longer just restricted to Q & A's from PS announcements. The company has a responsibility to its shareholders and investors and we have begun a Media campaign to counter many of the posts which we believe, through the many emails and phone calls the Company has received, have led to many assumptions and rumours being falsely disseminated throughout Social media. The Company strongly believes the ruminations and the campaign of misinformation against the Company have had both a deleterious effect on investor sentiment towards our stock and our Board and management team. The rumours and spamming posts which are presently across much of the SM network, that question the company’s ability to conduct and run a successful business, are currently being dealt with by the company’s legal team.

Today, on this forum, we will be reopening the Q & A threads, as was agreed to in February with the HC administration team, we will set the guidelines in how these are to run in co-operation with HC administration, and as has been mentioned before, if these threads are abused we have been given permission (Feb/March) to recommend that the thread be closed to reduce spamming and help all members track our answer posts more effectively, which deal specifically with information relating to the Company, and will be of assistance to this forum.

As mentioned, in the letter from our Managing Director, Sholom Feldman, to this forum yesterday, there will be certain questions that cannot be answered on this forum and can only be answered through Announcements on the ASX platform. We will be monitoring closely those posts that continually spam and challenge our legal responsibility in how we report information on a Public platform. We will not be providing any information that could potentially be in breach of our reporting obligations on the ASX. To protect our company, its assets and in particular, our shareholders, we have a legal team to help us deal with these issues directly.

We now look forward to being more pro-active in the HC debate to assist our shareholders, investors and interested parties. We are sorry that we could not respond more pro-actively in the past, to manage the spamming and posts that were potentially misleading our shareholders and interested parties, and as seen in some posts recently, were causing some of our shareholders to doubt their investments.

We believe that the management of QBL and MCL have achieved significant accomplishments in the past year which speak for themselves, and should continue to provide our shareholders with the confidence for the future, and we will seek to clarify on this forum any issues relating to the current business of the company and its future direction to continue to assist our shareholders and prospective shareholders understand the company's business plans and direction.

Thanks.

Neil1959
HC QBL Authorized Rep
QUEENSLAND BAUXITE LIMITED