Smart Money buying, page-64

Called the office and spoke to Clive Jones this morning.

Clive very impressed with initial impressions of new tenements in Namibia, especially the Kamwe target.

Clive very experienced in Namibia as started Bannerman Resources which has a large Uranium play in Namibia. Knows the country well. Also has a very experienced geologist working with the team on the ground in Namibia.

Stated they have sent some rock chip samples to labs for analysis from the Kamwe target area and should have results returned in a couple of weeks hopefully.

EM survey to be flown using same equipment as CLA. Will complete the EM survey for CAZ as soon as the CLA crew have completed theirs and will primarily target the Kamwe area. They need to define the DOF to pinpoint the best drill targets moving forward.

Expect to see an update in coming weeks once rock chip samples have been returned from the labs!

Clive stated CLA had a big head start with their tenements as there had been drilling completed there previously so the CLA knew where to commence drilling etc.