2009 agm, page-4

Australian Corporation Legislation S245(1)...hold a general meeting, to be called the "annual general meeting", at least once in every calendar year and, in relation to a financial year of the company that ends after the commencement of this Law, within 5 months..., after the end of that financial year.

THIS MEANS THE AGM WILL BE NO LATER LATER THAN 30TH NOVEMBER 2009
(unless a special application is made to ASIC for an extension of time & it is granted for reasonable circumstances.)

* Do your shareholders bidding & help CTO get its market confidence back! *

JOHN J FOLEY IS UP FOR RE-ELECTION AT THE UPCOMING AGM

** VOTE NO FOR JF on your 2009 AGM Proxy **

Mr John J Foley - Non Executive Chairman SINCE 1993

Remumeration Payments made to JF for FYE 2009: $185,260

Company (Loss) for FYE 2009: -$1,607,385

The Remuneration committee consists of the following Non-Executive Directors: T V Willsteed (Chairman) and JJ Foley.

As shareholders, make your message clear! Now is the TIME TO BREAK THE LYNCH - FOLEY DUOPOLY that has been strangling CTO. Do something positive for your investment! Fill out your Proxy Forms & VOTE NO FOR JF & for a reconstitution of the board & for a change of direction!

YOUR SPP has been used to partly fund the CEO Mark Lynch's luxurious resident lifestyle in Dubai UAE & all the associated travel & accommodation perks that come with his salary. So that he can hedge his personal taxes? There is no other valid reason as to why a CEO of a junior public company would need to live abroad in a tax free haven. CTO currently has no gold produced to sell there...Ask yourself this, how can you possibly run a public company effectively from the other side of the world?

MANY OF US HAVE MADE A SIGNIFICANT MEDIUM-LONG TERM INVESTMENT IN CTO BASED ON THE COMPANY'S PUBLIC DISCLOSURE STATEMENTS. The CEO has broken every forecasted promise that he has announced to date on the back of SPP funding. We have been waiting for this company to become the producer & self sustaining for 3 YEARS.

NEITHER THE CEO NOR THE CHAIRMAN ARE FIT TO REPRESENT OUR COMPANY AS THEY HAVE DOMONSTRATED NOTHING MORE THAN AN ABHORRENT PERSONAL SELF INTEREST!



(This post is not intended as investment advice, do your own research & make your own decision.)