Ann: New Concession Area Exploration Permit & Geophysical Survey, page-20

Few games will be played here but the reality is that the final permit for Rupice is a shoe in now and financing is not going to be an issue. It is full steam ahead and any market concerns for the development of Rupice are all but put to bed.

Exciting times ahead for shareholders, especially the longterm holders as there is a real possibility of re living the discovery and drilling of another Rupice on the new exploration ground.

These aspects above and the possibility of TO activity should see us push through $3 in the not too distant future, especially if our capper is over run.

As far as a TO is concerned a 30% premium is nonsense imo. We are at the cusp of what could be a significant upward movement in precious metals, silver in particular, and a commodity super cycle. Imagine what ADT could be worth if this was to occur in conjunction with new discoveries and becoming a producer. Im not looking for a short term sugar hit here, I want to see proper price discovery of ADT in the coming years based on these factors. For a significant amount of the registry that has held long term it would be a crying shame to miss out on what could be a major increase in company value over the coming years for a small premium in any TO.