Ann: Clarification- Acquisition of sizeable QLD Coal Assets, page-3

After speaking to Mr Hopkins, he is not going to stay on once this transaction is complete. He has been focussing on getting the TCM project into production and as we all know he has met many hurdles along the way. He has a lot of personal money in the company and if the shareholders approve the deal he will wait till its complete then move on. He has no intention of being involved moving forward unless the TCM project gets the funding needed to get into production. Mr Hopkins has no involvement in the Qld project and will not be getting anything if it gets approved.