Ann: Changes to Board , page-3

Let me tell you a story I am quite familiar with:

Chesser Resources - mates placement Taylor Collison, major shareholder Arredo

Bondi Mining - mates placement Taylor Collison, major shareholder Arredo

Kilbaran Nickel - placement Taylor Collison, transfer from NSX so maybe why Arredo not interested

Living Cell Technologies - mates placement Taylor Collison, major shareholder Arredo

Avenue Resources - placement Taylor Collison, no Arredo, but a few key mates pop up

WCP resources - mates placement Taylor Collison, major shareholder Arredo, Chairman - any guess?

A mixed bunch and some real dogs here, but one thing significantly in common is starting low cap, a mates placement by Taylor Collison and a good pump. You could at least triple your money on even the dogs and I think these guys have learnt from some of their earlier mistakes and I have some faith Bret Mattes will ensure the projects are sound.

Arredo = Ian Middlemas

Interesting times ahead.