Happy Holidays.

We are going to have to be patient and wait out the credit crisis and low molybdenum prices before much can be done on the Creston project. With the new incoming administration in Washington and infrastructure and stimulus spdnding by both Washington and China, hopefully, we will see the bottom of this mess sometime by the middle of 2009, although no one can predict the timing at this point. Hnag in there.

C. K. Benner, Chairman of the Company said; "We are very pleased with the progress made on the project during the quarter and expect to release our prefeasibility report early in the New Year. However, in view of the state of the present financial markets, we have decided to defer some of the engineering work related to the Bankable Feasibility Study and to slow down the remainder of the work as we seek to conserve our cash and resources in this difficult market. The presumed inability of most, if not all, mining projects to acquire adequate funding for ongoing projects at this time is a clear indication that while the Company must move forward it is best to do so in a more measured and cash conservative manner and monitor all markets."