Ann: March Quarterly Activities Report, page-2

NIce exert regarding listing:

In addition (post-quarter end), Lesa Musatto joined us at the end of April as our second independent US-based director as we gear up for a US listing of our Company. Having reviewed all options and weighed our long-term objectives, the Board has decided to focus their efforts on a dual ASX/NASDAQ or NYSE listing of our shares rather than just pursuing a“quotation” of the ASX shares on the OTC market. This is principally driven by our goal of having our shares traded on a major US exchange in order to satisfy some of the investment mandate requirements sought by sophisticated US investors looking to take a position in our Company.

A major and material issue I have continued to face here in the USA is the preference of US investors to be able to invest more directly in ASX listed companies via a US exchange - so having our shares traded on one of the 2 major exchanges will significantly expand the investment base of our Company and will allow direct purchases of our shares here in the USA.To the above end, the Board has appointed leading Silicon Valley law firm Wilson Sonsini to act as our regulatory counsel and Donohue Associates as our corporate and listing advisors - the latter headed by David Donohoe Jnr., former (9 year) Chief General Counsel to NASDAQ.

OTC listings don't have much going on so good to see confirmation that NASDAQ will be the way to go. Big money will flow here assuming we kick the required goals.