update and change of company name, page-24

Morning hopper,

To address two of your concerns;

"The drill result in Elsienora seem to take forever, because it is not regular i have lost track of what is going on there, the BSF in Monty what is going on? Let us know what steps are needed and at what step we are in."

1. Monty, I suggest you read the announcement dated 06 September 2011 - Update on Project Monty.
- this update outlines in 4 pages what is going on and what will be going on for the September to December period. Put simply, 3 months of drilling and then lab work.

2. Elsienora, suggest you read the announcement dated 31st October 2011 - Second drilling program commences at Elsienora.
- This update outlines in 5 pages on what will be going on for the period of 31st October to Dec/Jan. Put simply, 2 to 3 months of drilling then lab work.

hopper, I suggest that you go back through the last six months of announcements if you have lost track of what's going on. It's all there in black and white.

If we are told that we will be drilling for 3 months at two projects, that that's it, .... we're drilling at two projects for 3 months, end of story... Once the assay results are completed, then we'll be updated.

Whilst we are drilling, we are also progressing Peelwood, working at securing new projects, and working on the drill campaign at Bogdan (and probably a lot of other things as well, .. who knows).