Ann: Results of Meeting, page-4

Main reason I went along to the GM was to ask about the statas of Greenland. The answer is Greenland Licence is up for renewal at the end of the year and the answer is the GG can take it back or renew it and there is no cap on how many times they can renew it. The other was to get my head around the Mt Isa permits, the answer there is if IBG can find a copper deposit there is a production plant close by that can process the ore into 99.9%copper plates so if they can find the copper ore then we have a path to develop Greenland. So I left the meeting telling myself not to hold my breath. I must also say I give management plenty of credit for coming up with the EXIM deal and that deal has been shelved it is still there to be reopened but like I said don't hold your breath.