Ann: Secured Notes Provide $1.32m Cash to Fund Operations, page-65

"Cyclone has been able to locate a high-quality magnetic survey of its Iron Bear claims and we are working with Perthbased geophysicists, Resource Potentials, to correlate this data with the existing drilling results and to leverage this to
upgrade the mineral resource.

This is a complex endeavour, and the outcome remains uncertain. However, if successful,
this would enable Cyclone to forego a costly drilling program.

Cyclone is committed to being transparent with stakeholders and investors and will regularly update progress on the
SOAP"