Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-41

Well Sir, the biggest upside that everyone bought into this company for was for the Czech project acquisition news...options for acquisition of which have now been sold on to another company that have been spun off as a standalone entity to develop those (avoid it at all costs, same management as the NKL).

NKL is a glowing example of how to deploy shareholders capital for the benefit of BOD and not the shareholders:

1. Take raised funds and 'promise the world'
2. Pay yourself handsomely, whilst not delivering anything
3. Pay yourself handsomely, whilst scaling down your promises with every progress update,
4. Pay yourself handsomely, whilst scaling down your promises
5. Pay yourself handsomely, spend SH funds to investigate option to purchase overseas projects,
6. Pay yourself handsomely, sell project acquisition options/IP to a different company after performing due diligence using SH funds
7. Pay yourself handsomely, deliver a x10 scaled down drilling campaign, with the intent of selling the IP/Tenement rights to a different company using SH funds
8. Pay yourself handsomely, consolidate shares, rename company and relist
9. Rinse and Repeat.
10. Retire.