Ann: Notice of Annual General Meeting and Proxy Form, page-5

I think many were surprised by the takeover of the board when it all took place at the beginning of the year, especially following how great progress was at Copper Blow up to that point. Funds were easily raised and the market excited by a potentially large new Australian deposit of IOCG. I feel sorry for CBH Resources waiting even more than perhaps the rest of us here... At this stage we are now in a new gold bull market so even better and commodities are on the verge of a big move to a new mega bull market. Copper Blow is very close to an initial resource estimate so so say its confusing is an understatement the inactivity at SCI since the new board took control back at the start of the year. Disappointing is another way to describe the current malaise here which seems self fulfilled and for no real known reason which makes it more strange to say the least.

I think many will likely vote to remove the full board at this meeting as the projects, particularly Copper Blow are potentially world class and it is actually wrong that a key Australian asset is being held back in this way.

JFI