agm comment, page-8

This is the note regarding the lic. in the ann. 20 May 2011, not withstanding there maybe an update from the meeting today (which I didn't attend).

"Mining Licence Conditions. Kentor has a valid mining licence for the Andash Project and as previously advised, one of the conditions of the licence requires that production commences by June 2012. In light of the ongoing delays impacting on the commencement of construction, Kentor is seeking to invoke Force Majeure on this condition as a result of site access being restricted. Verbal approval for this has been obtained from the Minister for Natural Resources and the Company awaits written confirmation of this."