For those of you with any doubts.Announcement of 5 November...

For those of you with any doubts.

Announcement of 5 November 2012

In discussions MOEM has made it clear that it FULLY SUPPORTS the development of the Colluli Potash Project by SOUTH BOULDER and is keen to conclude negotiations to
enable licensing and development to proceed in a timely and expeditious manner.

Announcement of 27 November 2012
ENAMCO UPDATE
Further to its ASX Announcement of 5 November 2012,
South Boulder Advises that negotiations with the Eritrean National Mining Company (“ENAMCO”) are continuing regarding the Company’s participation interest in the Colluli Potash Project. In discussions ENAMCO has made it clear that it FULLY SUPPORTS the development of the Colluli Potash Project by SOUTH BOULDER and is keen to conclude negotiations to enable licensing and development to proceed in a timely and expeditious manner.

South Boulder is looking forward to negotiating a commercial deal structure for the mutual benefit of the
Eritrean people and South Boulder shareholders.

I try to Keep these words in mind.