As we stated in our February 27,2009 News release, We are very excited about the success of our 2008 Program. It proved that our resource is definable and real. We have an enormous Measured resource with great possibilities to have that increase. We also see increasing grade at depth which will allow for a long life to our mine. 2009 will be a year for us to continue cautiously towards the regulatory approval of the establishment of our mine. It is lengthy and requires a good deal of help from our engineers, Golder Associates and Moose Mountain. They are working now at various studies and surveys and filings. We believe this will establish the project as clearly being at the forefront of the next wave of mineable projects in BC as the commodity prices improve. We believe that will happen given the commitments to “Infra-structure Spending” that the countries around the world are making. All of these plans require the use of commodities . We will be around to participate.

We are continuing our Normal Course Issuer Bid as we think it is the best value for our shareholders. We have announced approval for a further 1.6 million share buy-back and will use that to support our share price and be available to purchase and cancel from Treasury any shares that are offered at “Bargain basement’ prices. It will only increase the value for the rest of our shareholders.

We also continue dialogues on a number of fronts with interested parties both in Canada and abroad. We think it is time to develop some strategic relationships for future development and “off-take” arrangements. We will continue with this and keep our shareholders informed.

We will move more slowly in 2009, but we will continue to move. Progress is essential to our success. Stay tuned as we will keep our shareholders informed of our progress.

W.K. Crichy Clarke