its been 4 weeks

The transaction is subject to GSF completing full technical and financial due diligence and all
shareholder and regulatory approvals. GSF will pay a non-refundable deposit of US$200,000 to
LRC as part of the transaction. GSF has until 31 January 2008 in which to complete its due
diligence and obtain the necessary shareholder and regulatory approvals required to complete
the transaction. Finals terms of the acquisition are to be documented under a formal sale and
purchase agreement which is expected to be completed within the next four weeks.