Ann: Waihi Resource Increased by 190% to 206,000 oz Au, page-2

So we have pretty much doubled our resource and the price drops. I used to be surprised when this happened but I've learnt it happens daily.

Waihi Resource Increased by 190% to 206,000 oz AuDavyhurst Gold Project Total Resource Increases to ~2Moz

HIGHLIGHTS:Ø Waihi Mineral Resource (Indicated and Inferred) increased by 190% to:2.46 Mt @ 2.6 g/t Au for 206,000 oz AuØ The upgraded Waihi Mineral Resource represents 190% increase in total Resource ounces from previously reported 71,000 ounces;o 170% increase in Indicated Resource ounces from previously reported 62,000 ounces;o 82% of the Mineral Resource ounces now report to the Indicated category;and comprises an Open Pit Resource 2.1 Mt @ 2.4 g/t Au for 159,000 oz Au; ando Underground Resource 0.4 Mt @ 3.8 g/t Au for 47,000 oz Au.Ø Upgraded Resource has a strike extent of 900 metres and depth of 220 metres.Ø Strong potential for further growth with ongoing exploration as Resource is open.Ø Detailed mine design for Waihi now in progress.