share consolodation

The Board has resolved to consolidate the number of shares in the
Company on a 5 for 1 basis.
? This will reduce the number of shares on issue from 3.7b to 750 million.
? Over the last year the Company’s shares have traded between $0.002 and
$0.004. As shares can only trade at a minimum of $0.001 increments this has
led to 25-50% changes in value for each trade and therefore an inhibitor of
liquidity.
? The Company is presently awaiting the testing of its West Klondike and
Desiree discoveries anticipated to be undertaken during the current
quarter. Testing will be followed by bringing the wells into production.
? A notice of meeting will be sent to shareholders forthwith.