HiCopy of message just received which does give me more...

Hi

Copy of message just received which does give me more confidence

To Ian

Varun is a large Indian trading company with turnover of approximately US$900 pa. Varun’s share price has suffered badly over the past month because of a perceived cash flow problem. The company continues in business and nothing has affected its commitment of funding of Madagascar.

We are currently in negotiations with Varun to secure additional projects in Madagascar.

We have been very disappointed in the strategy and conduct of La Jolla and we are making arrangements to discharge the convertible notes. The answer will still take some time but we will get on top of the problem and that will have an immediate positive impact for the stock.

Results from Vatovorona are slow because the current diamond drilling has been slow. We are coring the entire hole and there are problems in doing this in the weathered zone of the first 20 metres of the hole.

We have a very good program that is being managed very professionally.

The future of the company is still positive but there is no doubt that our current price is poor and we are making all efforts to improve it. We are examining numerous alterative structures and possibilities for the future for the benefit of all shareholders.

Peter Ashcroft

Executive Chairman

TORIAN RESOURCES NL

www.torianresources.com

PO Box R353 Royal Exchange NSW 1225

Level 10, 15-17 Young Street, Sydney NSW 2000 Australia

Tel 61 2 9247 2277 Fax 61 2 9247 7055