Ann: Quarterly Activities Report , page-6

Dear Ezirida, I think your criticism of JA and the effort to date by our team are at least a little premature and some what unwarranted. Paris it seems is no different than most major "ore bodies" in that they all have their complexities. This became very evident from our very early drill results. If you also look at Sirius, they are also experiencing a few headaches in fully understanding "Nova" and accordingly their resource estimate will now take longer than originally expected. JA and the crew have accordingly taken a conservative approach which we must applaud as is their preservation of our capital expenditure to date. If we weren't onto something of major significance I don't think the "Big Boys" would be talking to us. Infill drilling IMO is not the 'name of the game" at this stage but merely to get a proper understanding of the possible size of the ore body. It is not going to disappear over night or hide in some "cavity zones". As JA said it is going to be a slow and careful process. A 14k structure with multiple ore bodies contained in a series of "mineralized envelopes" is fine by me. If you or any other holders knows of a better prospect then they should "jump ship" now. As JA has said once we understand the Peterlumbo field a little better they will accelerate the drilling program. All sounds great to me and this minor delay is again a perfect time to allow me to liquidate other assets, arrange additional finance in order to keep adding to my holdings. Remember also delays not entirely JA's fault as they await Heritage surveys etc. Happy to hold and build knowing either way its only a matter of time before we are soon in a "trading halt".