Ann: Estelle Gold Landholding Increased and Milestones Confirmed, page-22

Dear Speedyl

If you revisit myposts some time ago, I was one of two persons who opposed the spin off andlisting of Snow lake but I was severely attacked by posters in this forum.Because of the spin off, the share price dropped to 0.013 and I did accumulateat this price. Gradually, investors gain confidence after a year later knowingthat the snow lake will be listed soon and with good progress and drilling inferred results of Estella gold project, the shareprice went up to 0.070 and now dropped back to 0.037. Why?. Suddenly, the boarddelayed the IPO listing and go back to "original plan". This is not agood signal to the market.

This is not an investment advice.