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Hi Malta,

FYI, the Ingot Companies shareholdings are as follows:

Date Shares Held Shareholder %
27-Oct-06 297,298,635 Ingot Companies 34.74%

Date Shares Sold
4-Jan-07 37,242,176 Utilico (Ingot) 4.35%

Date Shares Held Shareholder %
Current 260,056,459 Ingot Companies 30.39%

The options on issue are:

Expiry Date Options Issued %
30-Sep-07 54,884,742
23-Dec-07 183,177,827 17.63%

If the Dec 07 options are exercised at $0.15, the total number of shares at issue will be 1,038,991,699
and the total shareholding for the Ingot families will be 443,234,286. That is, 42.66%.

Regards