Ann: Indochine Mining's presentaion at Hong K, page-10

re: Ann: Indochine Mining's presentaion a... Have been looking at this stock for awhile with the view of buying based on the proximity to Porgera. At a capex of around $250 million I still think a lower overall cost per ounce could be achieved using Barricks infrastructure but not toll treating and would have to be taken over by them.

Barrick still have a skeleton in the closet in regards to PNG that is Kainantu brought of Highland Pacific in 2007 for $145 million but shutdown in 2009 because is wasn't viable with gold prices at $900 per ounce.

Not bagging the resource IDC has but for 2.1 million ounces equivalent at 1.9 g/t, Kainantau had 1.8 million ounces of gold plus silver for a average grade of 24 g/t with one 2m intersection returning over 2000 g/t. Without the benefit of hindsight Kainantu on face value has the far superior deposit and that failed to deliver so what added benefits does My Kare have.

Kainantu 2007 a working gold mine $145 million. My Kare 2013 $250 million capex plus already has a market cap of $75 million