Ann: Amended Release - Alpaca Hill Drilling Progress Update, page-74

Tin.

Terms. of Fable. from August 2019 deal. So no outward costs required.

• Inca to acquire 90% of Frewena Fable by meeting exploration commitments of EL31974 with the following annual breakdown: Year 1: $36,000 (met by MRG/Dr West), Year 2: $53,000; Year 3: $89,000. • Inca to repay MRG and Dr West all costs associated with research and tenement application, through the issue of Inca shares1. That amount is $53,000. • MRG & Dr West have a shared 10% free-carry to Bankable Feasibility Study after which a 90:10 Inca, MRG &Dr West joint venture will be formed. • MRG & Dr West have a shared 1.5% net smelter royalty.

Now lets not all forget that Inca received a grant from the NTGS to aid drilling at FF and this grant was one of many grants submitted by multiple ASX listed explorers for the small tin of money the NTGS has of public funds to grant. So there for myself as a lay person consider that this bares recognition as to why we are drilling FF. That the information supplied by INCA during the granting process stood out enough to win the funds granted.

Now along comes Black Cat and we thank him for his Lithium Tenement but I as a lay man have only been privy to the Announcement that the tenement that he called B Hills was drilled in the 1970ish and that multiple holes have been drilled to 105 meter depth on average and that pegmatites are present but we haven't seen any Assays yet so we the average shareholders don't know sh#t yet that Lithium is present in commercial quantities.

All we hear so far is that a black Cat Hole is better than a so called wild cat hole but its yet to be established we have Lithium other than Black Cat Comments. Now if he would like to clarify go ahead inform us. See we are not as close to the board as he may have been to make the comments that he is making.