More Caveats minus One, page-20

"undertaken by Al Maynard & Associates Pty Ltd".

The directors and management are confident that this report lends further credibility to the Steeple Hill Iron Project, its viability, its value and its strategic importance in FairStar’s portfolio of tenements. This will provide a basis for all shareholders to have comfort in the value attributable to the asset locked in the tenements comprising the Steeple Hill Iron Project of FairStar Resources Limited.

Affiliated Party