Ann: Agreements to acquire prospective gold and iron ore projects, page-11

Donniemac The only new ground the company has pegged is the new application which I directed to them as being available -to complement all my properties. I have too many tenements ! The Tambourah ground E 45/5484 is ground upon which I have just conducted a helicopter assisted exploration program with their geologist now assembling all the information. I have held the Western Shaw iron ore tenement E 45/4960 --which is under option to TKM -- for some time and we are all very excited about the iron ore potential. Just thought I would clarify -there is only one tenement that is new ground pegged.