Ann: Phillips River Process Flowsheet Delivers Ex, page-2

re: Ann: Phillips River Process Flowsheet Del... Again good progress being made and already excellent projections from the Scoping Study will be boosted by this work. The Definitive Feasibility Study due at the end of September will show a potentially very Bankable and Profitable Phillips River Mining Project. With the expanded tenement position and planned exploration their is little question that this can be a very sustainable operation.

Market movements indicate that this company is still flying under the radar with the share price being dictated by only those who already know about it and have lost patience. OK it might be a couple of years before we see any positive cash flow but that is the nature of this industry.