Update on Frog`s Leg North Drilling Program, page-15

Anna,

I think as you do on this one. I bought quite a few of these last Dec at 17 cents and got out at 31 cents in Feb. Since then it has traded above 20 cents probably averaging about 26 cents. I have traded it several times since then for small profits but I haven't been in it for a few months.

Though production is not scheduled til 04 there could be a significant jump in the share price if the company is able to produce a more reliable resource estimate around the 12 million ounce mark.

The market,going on a comparison of the present share prices, seems to think it has more potential than Dioro.

If we are getting the good oil from Dioro it also should be a good one. (a change of plan, as with the sterilisation pit, always raises the possibility that the stock holders are being taken for a ride.)

Regards,

Llew Jones