Ann: Clarification of Joint Venture & Debt Fundin, page-18

re: Ann: Clarification of Joint Venture & Deb... Agreed, the announcement just restated what has been said in the past. The ASX demanded it after a shareholder kept complaining about lack of disclosure. That said, if Pluton haven't anything new to disclose at the moment, then perhaps they can hardly be blamed for it.

Richard Mehan would appear to be an excellent addition to the Pluton team. As a Tasmanian I can vouch for anyone who has the political skills to be the CEO/MD of of a large and profitable magnetite mine in the most sensetive area (the Tarkine) in the Greenest and most anti-development state in Australia! http://www.grangeresources.com.au/