hip hip hooray, page-4

Hi Healyn and Jardan,

Remember there are those who will always sell regardless of good news.

From my point of view today's announcement it is a tremendous step-up for Intec. They will now get paid $780,000 for their work while proving that their "spent pickle liquor" process can do what they say. That $780,000 is now guaranteed. No belly-up firm here unable to pay for work done. However of greater importance to me is that the proven process should flow to their other interests in China. Remember that in the ASX release of 5 November 2009 it is said on page3 "using the Intec Process ...(in)... electroplating industrial sites, where project proposals with Green Resources are already well advanced". Intec is a 7% shareholder in Green Resources.

While on China also remember that the "feasibility study (for the Liuzhou Project) will be completed during the second quarter of 2010" and that "required funding for the implementation of the first phase of the Liuzhou Project in now secured in principle, subject to the expected favourable outcomes of the feasibility study". ASX release 7 January 2010.

Cheers.