Ann: Appendix 3Y- Change of Director's Interest Notice, page-7

Yet another example of opinion versus facts is the announcement by KRB management on 15 April 2015 about the reserves at Torrington, which we discovered in a correction statement directed by ASX on 11 May 2015, was not the case. That is why we have JORC, so that shareholders are not misled by management opinions.

Of course there is little control over what management says on their web sites, so KRB still claims Torrington is an advanced exploration project on its home page, when the official announcement clarifies that it is not an advanced project at all.