Ann: Quarterly Activities Report, page-3

Nothing new or surprising in the qtrly reps.....plenty of cash at bank $4.711mill at Q1 end. With $1mill estimated spend on exploration this qtr. They're putting some good funds behind this. However, we need to see some Lab assays to get this moving again imo.

Directors have, on more than one occasion, cited Barrick's Porgera gold mine when talking about Crown Ridge potential......Below is a link to an in depth technical report released in March 2012 regarding the Barrick operation.

pgs 46-60 give a detailed geological description of Porgera.....worth a read for the more technically inclined. Some similarities with Crown Ridge are evident...but a lot more work required before we can start talking Crown up as the next Porgera. Interesting reading nonetheless.

The document also gives a good overview of the technical/social/environmental/production parameters and challenges facing an established operating gold mine 'near to ours' (relatively speaking) and perhaps of comparable geological setting.

https://barrick.q4cdn.com/808035602/files/technical-reports/porgera-03162012.pdf