Ann: High grade gold intersections at Delaney Gol, page-8

re: Ann: High grade gold intersections at Del... The previous holder was Deutsche Rohstoff Australia Pty
Ltd, our mining neighbour, whose current gold producing site is 2.5km down the road. See Page 3 of the announcement.

Keela Wee Exploration (currently trading as Magna Mining ASX:MAN)originally made the find, they then sold it to Plentex Limited who later sold it to Deutche Rohstoff Australia Pty Ltd. Plentex sold it because it couldn't raise funds in early 2009 during the GFC. My goodness, early 2009 we thought civilisation was coming to an end. So ofcourse they had trouble raising funds. Deutche was the perfect buyer because they had the Electric Light deposit just down the road. Deutche sold it to CUU to use the funds to further develop the Electric Light deposit and we (who are actually looking for uranium) ended up with a gold deposit by fluke. And What A Fluke...!!!

Relinquishing a tenement should not be seen as a negative. A tenement is an asset that has a value. Deutche Rohstoff is not publically listed so selling this tenement which is only 2.5km from the producing Electric Light project would have been the most efficient way to raise funds in a volatile economic environment.

If we can have the deposit classified as a JORC resource, there will be no shortage of potential JV partners lining up to 'help' us develop the deposit.

Shareholders be patient. The evidence points to a positive outcome. It will all come together soon enough.