News: Exterra Resources to update on Linden Project, page-11

Exterra gave Fortuna a couple of weeks to drill without making payment in accordance with the PSA of Linden. Looks to have been to EXC's advantage, though the whole gig appears to lack direction. If the results come in better than expected, then EXC will have done exceptionally well and the board should get their options at the next GM. Still sitting on the fence with my vote until we get some news. To date I do not think they have earned the options, but will be happy to be proven wrong.

Highlights from todays ann's;

"In accordance with the terms of the Deed and PSA, the Company advises the immediate termination of the agreement as a result of non - payment of funds due to Exterra.

Payments made to date by Fortuna to Exterra totalling $125,000 are, per the terms of the PSA, non refundable. In addition, approximately 2,000 metres of aircore drilling have been completed at Fortuna’s cost, the results of which will be reported to the market as they become available."