Ann: Response to ASX Appendix 5B Letter-BDI.AX, page-2

The Appendix 5B was prepared on the basis that the vendors for the Columbian project agreed a Joint Venture arrangement and field program in the order detailed in section 5.1 in the Appendix 5B. This objective would deliver results that Blina could announce throughout the quarter and set the agenda for the balance of the year. As stated in 2 above, Blina is confident that it has the ability to raise the required capital to fund the company objectives.

I wonder what this means?, when I spoke to Dave about three weeks ago they were hoping to
sign a JV in the next week or so......Been a hiccup by the sounds of it.....