Ann: Share Placement , page-6

Well most of you would know I am the eternal optimist ... in point form I see:

# The announcement heading directly referring to project development in Australia and China

# New Australian and international institutions ... on the register

# Discussions continue with off-shore parties (potential cornerstone investors) in the energy and utilities sectors on participation in the Cougar Energys power station projects

# Re-ignition of the gasification process at Kingaroy due by third week of July 2010


Being overt about projects in China and corrnerstone investors is something I think we have really only seen since the recent Shanghai presentation. Watch this space imo.

Everything is fluid at present, however there seems cause for justifiable optimism.

Dex