COMMENCEMENT OF LAKE MARMION URANIUM SAMPLING PROGRAMThe first...

COMMENCEMENT OF LAKE MARMION URANIUM SAMPLING PROGRAM
The first four sites
have been scanned with a scintillometer, with the most radioactive areas sampled by hand auger
with "results expected shortly."

QUARTELY
The latest EM survey provided another 3 strong conductors from the Pride Gossan area through to an area
just north east of the Excelsior Pit, one of these anomalies coincided with better MMI-M soil values of nickel,
chromium, cobalt and palladium indicating a new Nickel Target (see attached map). The Joint Venture has
committed to drill testing this target.

"Drill results from the drilling component of this program will be released at the earliest opportunity."