Ann: Change of Director's Interest Notice x 2, page-314

Hi.

Can look at this also in another way...

1. Klaus is on board of directors of VAL and soon to be Argent Minerals. They are both in exploration stage and now capital raising also, with SP approx 3c....So, for him to sell of his shares now, he may be investing his money into these 2 companies as he would also have approx. 50-60m shares in those companies. And if the share price for those went to 12-15 cents, he would also BE IN similar position as now.

I would do the same.

He has still got 63m shares in AVZ, that shows that he is still committed with 70% still in AVZ....

That gives me nothing but confidence.

Good luck.