sell to forge, page-29

Dear Mr Curtis

As a director of Lynas Corporation you have a fiduciary duty to act in the best interests of the comapny and it's shareholders. The fact that you are the Executive Chairman of the comapany means that the responisbitlies in this regard are that much higher.

As the Executive Chairman of both Forge Resources and Lynas Corporation it is clear that the end result will be that you will manage the development of the Crown deposit. The only question is within which organisation? You obviously feel that you can find the time to carry out this task and that it is worthy of your valuable time.

Lynas pays you a considerable sum for your time and expertise. So if in fact the resource is transfered to Forge will the shareholders of Lynas receive less of your valuable time while the resource they currently own is developed by you in a different company?

The logical outcome therefore is that Lynas is already paying for your time, and the resource is already owned by Lynas, so you should be using the free time you appear to have to develop the Crowm Resource for the benefit of Lynas and it's shareholders.

And did I mention your fiduciary duty!!

Yours sincerely

Worzel