Ann: Mt Alexander - Exploration and Development Update, page-5

* Drill test strong conductors from MAD 185, 192 and 193 from January ... Anything possible.

* 10,000 metres RC drillout of shallow deposits at Investigators and Cathedrals from February, including multiple EM targets not yet tested - adding these prospects to the mining mix for low cost mine ... Lots and lots of shallow drill holes with some very probable excellent intersections to be forthcoming.

My memory of Investigators is there were some outstanding intersections previously encountered. Should be an excellent period of drill testing coming up .. both deep and shallow.

A re-do of some of the testing in Canada is necessary due to poor results obtained with some of the ore processed which is unfortunate (affecting less than 5% of overall volume but necessary to get right for overall accurate result) ... Will delay scoping study result by necessity but all else appears to be progressing.

Unless it's to buy Christmas presents, for what good reason would anyone exit now at 10c??? Oh well ... Probably be buying them back again in January for 12 or 13c?

Kip