It is worth putting the recent share price performance into perspective when one just looks back a few months to note that SMH has recovered much of the lost share value in a very short period of time. Most of the other juniors are still trading new their lows. Why has SMH been outperforming its peers and recovered by roughly 300% off the lows? Management has been active to find alternative means to acquire additonal projects and gain funding, to build greater value for shareholders. With the money that has been raised the risk level is reduced and the flexibility to move ahead with development plans increases. The company has been able to announce several significant transactions in the last few months as a result of the vision and hard work from the senior management.

This latest news on the mining license is just one more example. It cost the company some money to achieve the requirements necessary to secure the license but it now puts SMH in much stonger position and allows work to move forward. This is the kind of positive investment that generates results for shareholders. It takes months of hard work to get the structure in place and investors must be patient to realize the upside.

The increase in volume and price for the stock lately is the market showing approval for the work that has been completed this far, and optimism for the future potential. We have seen results from early stage results on the new projects, and there is money in place from our JV partners to commence with the next round of exploration. I think the patience of shareholders has been rewarded during this time and I remain very bullish for the future.

cheers!

Mike Kachanovsky

IR Consultant