Ann: Response to ASX Price and Volume Query, page-2

The Gladiator corporate website shows 6 projects, with 4 saying they are trying to acquire historical exploration data. Wouldn’t they gain that info when they bought the tenements? With the SWC, why mention Mantra was subject to a $1b takeover? This tenement had nothing to do with that deal and in fact, Mantra disposed the tenements to Gladiator to clear their holdings of unprofitable commitments. Remember Gladiator sold off their Aus gold leases (for an immaterial sum) and I bet SH would prefer it had been retained rather than given away.