agm, page-3

Went to the AGM. Was a bit of a joke. The proxy's had the numbers to get all resolutions through so was really a waste of time. People at the meeting voted against the resolutions but because of the proxy's they were passed.

Basically quite a few people were not happy with the amount of shares and options geting issued but due to not enough of the little shareholders being present the big boys got away with everything. A amendment to the strike price of the shares being issued to John was voted against. I find it hard to believe that any real shareholder that could see that the resolution was going to get through would not have voted to increasing the strike price to 40c for the extended options but still it was voted against and the issue of the stock was voted for.

Nothing was said about the resource upgrade but Peter Rea mentioned that they have well over $1 billion in the ground. But they are still awaiting on more assay results before they are going to be able to release anything to the market.