Ann: Trading Halt, page-24

I think we'll look back at this raising as a pivotal point in the development of Musgrave's newest resource.

I've previously stated my opinion the biggest threat to share price is slow news flow and with 3 drills running early in the new year (as discussed on recent web cast), my biggest concern is diminished.

Very much looking forward to an exciting 2019 and believe this will be the year Musgrave comes through strong for holders.

I'll be topping up in the raise, not as much as I wanted to but topping up nonetheless.

I at least, am confident Lake Austin will prove to be a winner.

Regards

Jules.