Ann: Ryberg Project Update, page-74

Hi loutcrop,

You are basically right, however, there are a few clarifications that need to be urgently made to ensure that the investing public really have the true story.

Actually, it was the original MTJV Co/Ni Project that was the main project before the East Greenland project came along.

When the East Greenland project came along (basically out of nowhere!), it then became the main project, as well as breathing new life back into the CNJ SP.

You are quite correct that CNJ made a real meal of the East Greenland project last year. Enough said!

When "Callisto" came along in May this year, the MTJV Project (Version 2.0!) became the main CNJ project again (which has again breathed new life back into the CNJ SP).

This year, things seem have gone a bit better at East Greenland (but still leave an awful lot to be desired!). Having said this, East Greenland was always going to be a very challenging project (in all senses of the word).

Having said this, I believe that CNJ may have a discovery in the making at Ryberg (but perhaps not this year). However, at Mestersvig, CNJ may already have a discovery to announce this year (which I believe we will hear about very soon).

Moving along, now that Callisto has been discovered, which appears to be a game changer for GAL/IGO, not only has the BOD of CNJ breathed a huge sigh of relief so I have I, i.e. it is very likely that the new MTJV Project (Version 2.0!) will also be a game changer for CNJ as well.

Indeed, without Callisto, I would probably have simply retained my very small prior holding in CNJ (as a long-shot investment in the East Greenland/MTJV Co/Ni Project combination), rather than making a major investment in CNJ in mid May, i.e. just like the BOD of CNJ, I have also hitched my horse to the Callisto/GAL/IGO wagon. In this regard, I am making a major bet that the new MTJV Project (Version 2.0!) will be a game changer for CNJ (the chances currently look very good).

Finally, your statement that the CNJ BOD "now have something reasonable to push", is a bit out of date i.e. the "official" assay results from the current MTJV Project (Version 2.0!) drilling program, as well as from their soon to be commenced Phase 2 drilling program (both at the MTJV tenement), will do all the pushing that CNJ needs, i.e. CNJ will finally be driven by real results not vague promises.

Best regards.