Ann: Citronen Project - Exploration Target, page-7

Citronen Exploration Target

Dear Shareholders,

Morepleasing news out today with respect to ongoing progress at the CitronenProject.

Many long term shareholders will be intimately familiar with the explorationpotential at Citronen, now quantified for the first time under JORC 12requirements. The outcome is welcome in terms of outlining how and where wethink Citronen could expand with more exploration work, targeted to take placeonce the site is established (per today’s announcement).

As always I welcome conversations with shareholders so please feel free to reach out at any time.

All the best,

Michael Jardine
Managing Director
[email protected]

cheers.