rooderand legal proceedings, page-3

Hi zmans

Yes, we are expecting a Rooderand Project update at any time now (the company flagged the end of March - so perhaps it might come with the quarterly report?).

As I understand it, the final DFS draft has been completed. The hold up is that they are still re-working the design of the Open Pit (specifically the Angles). Aimed at reducing the waste material they would have to truck away (trucking overburden - which is a big cost).

Current design is 35:1, but they are aiming to get it down to somewhere around 20:1. Which I am lead to believe would make the project much more economical.

So from speaking with the company, my understanding is there should be a resource up-date provided soon. Apparently, there will most likely be a small increase in the measured resource, as well as better figures/estimates on indicated resources. My key take-away from contact with the company was that the current resources figures were NOT going backwards.

I just which they'd hurry up and put out an announcement!

Gus