CTP MISLEADING LANGUAGE and USE OF BARTER, page-2

Language continues to be problematic for CTP executives. In Quarterly presentation Orange drill was described as " largest exploration prospect to date " and " could be very large discovery. " Zevon " potentially much larger than Dukas. " Despite the seductive language the only thing that has moved the share price significantly down was earlier downgrading of resource and now upgrading of resource, moving share price modestly variably up - those events indicate shareholders are have become desensitised to companys use of boosting words and concepts.

Company comment about Dukas drill costs was more comprehensible. " To be clear CTP may have to put money into Dukas redrill." Previously cost is given as AU$3 million. If CTP recovers 15 % of Dukas ownership, which is one possibility, taking its total ownership to 45 %, it would then pay AU$4.5 million of Dukas drill cost - redrill could, given geological complexity, exceed budget and cost CTP more.