GLL contingent resources and EXR comparison, page-28

Listened to Video... Important to Note NY comments on lower Mongolian CAPEX costs

I have have enjoyed the pleasure of knowing the Elixir Chairman for many years and commend his overarching comments on the elixir project.

IMO whole presentation by the CEO and board members was spot on.

As they spoke I remembered part of a speech I once made to my eldest son..

"May you be blessed with the wisdom of mentors… people older and wiser
Who, having seen much of life, will help you in your quest for knowledge and understanding..
Giving you wisdom in an hour that has taken a lifetime to learn…"

The Elixir board really disserve the title of industry mentors.

The knowledge that was summarized in the video really sums up the whole Elixir project.

The comment NY made on lower CAPEX Drilling Etc. costs in Mongolia, the sheer size of the prospective areas within the Nomgon IX Tenement and the unusually high Permian coal thicknesses mentioned by SK are very important parameters that differentiate the risk/reward potential of this play from others.

Not investment advice of course but the coal thickness and cost parameters used in my Model are very likely to be on the low and high side respectively which would mean that there is a a tremendous upside in this project.

Best regards

OGP