Deflector Royalty UpdateAs regularly reported, Gullewa Limited...

Deflector Royalty Update
As regularly reported, Gullewa Limited retains a one percent (1%) royalty secured by
a mortgage over leases, covering the Deflector Project at Gullewa in Western
Australia which, over the past decade, have been explored by a series of explorers.
The current operator, Mutiny Gold Ltd (MYG –ASX) made significant announcements
on 6 December, 2012 and 23 January, 2013 which I recommend Gullewa Limited
shareholders consult.
Sandstorm Gold Ltd (SSL –TSX) has entered into a Gold Stream Agreement with MYG
which, while novel in Australia, is common in North America.
Should the venture at Deflector proceed, as seems likely, this will be a positive
development for Gullewa Limited.