From latest ANN ..........Visual observations of drill core from...

From latest ANN ..........Visual observations of drill core from recently completed drillholesSMD054(located 50m north-west of SMD050) and SMD058 (located 80m south-east of SMD050)indicate that both of these holes encountered zones of massive to semi-massive mineralisation over significant down-hole widths(Figures 6 & 7).Assaysfor these holes are pending. The Daily Drill Reports for the completed drill holes are provided as Appendices 1and 2.The growing body of evidence from the three drill holes for which assays have been received, combined with visual indications from ongoing drilling, suggest that the shallow zone of copper-gold mineralisation now being delineated at the UCF represents a major exploration breakthrough for the Company.