Ann: AMEC Convention Presentation , page-4

Smoking

I have to respond to some of your comments regarding TS.

I wasn't at the presentation so can't comment on that, but have attended AGM's of VXR and have been very impressed with the substance of the presentation.

I think he has done a tremendous taking the company from 1c to 10c in 2 years and building a near term copper producer, raising approx $50m on the way through from significant insto's. I think we will see the full value reflecyed in the share price as the major components of the BFS are released during the next few months.

In respect to the bit about free shares, if you do what I did and trawl through the 3Y's you will see that TS has put $1.25m of cold hard cash through placements, which I suspect is more than you, I and all of the VXR HC board have invested together!!

I would rather have a guy with TS's substance and track record (Agincourt, Nova) managing my investment then some of the other boards running resource companies at the moment.

Good luck with your investing!

Cheers

Sticks