Ann: Quarterly Activities Report, page-4

Core samples look very promising Croc, that does look like gold in that core sample that pencil is pointing at., progress and cash position also excellent , $12.5 cash in the bank plus $20 USD million ready for 1st draw down , makes good sense to use our own cash e will first and delay drawdown as much as possible , grid power to site will give significant savings effectively giving diesel generation for major plant machinery for the 8 hour shift per day until alternative hybrid energy system is available and grid power for construction , plant lighting / camp 24/7 .