Ann: Conference Presentation Zurich, page-2

Wow great presentation he gave, answered all the questions I had about the project and more, one thing that has changed my outlook toward SVL, is the way he describes it as a new company new management team, new project, new way of doing things, I was impressed with the credentials of the new team, time to move on from the failures of the past team and give these new guys a shot I think.

Alot of good stuff, few main points I took away from the presentation were:

Looking to first develop a high grade core of 250 g/t.

Initial high grade core resource to be defined early next year.

Zero strip on the high grade core.

Targeting a $10 Australian all in cost.

2 rigs currently on site and 5 rigs on site early next year.

Targeting a total 300Moz resource.

Indications of a large gold/copper source under bowdens.