Ann: Change of Director's Interest Notice - Price, page-6

We know from the Diggers and Dealers presentation and the announcement to mine Phillips Find that the third gold production is going to come from Cannon underground mine without a JV partner enabled by the cash flow.

That cash flow (I hope) will propel Burbanks Main Lode mine to be restarted with maybe $10,000,000 to get us down to level eight and into the high grade gold. I expect a drilling campaign announcement at Burbanks prior to the AGM that will include performance rights and/or options for directors.

The directors will want to include director incentives but first they know they need to perform. Regardless of share price upward movement I will not vote for performance rights to directors other than for CEO Grant Haywood.