This morning we have announced the results of four more holes in our first drill program at our 100% owned Rosebud Mine project in Nevada. (See below)

The question we are asking is simple:

“Are we closer to proving that this will be a producing gold mine again?”

We believe the answer is yes and we are moving aggressively on the path to creating a new gold mine in Nevada.

With gold at $1,200/oz, the economics of gold production have changed in our favour, dramatically. When we took this project on, almost four years ago, gold was selling for $645/ oz (December 1/06). We believed that the gold left in the ground by the high grade, underground miners (gold averaged less than $300/oz) would eventually make economic sense. Certainly, it would have been an open pit mine today.

The additional bulk tonnage assays we have reported near surface clearly suggest the open pit scenario can be considered seriously. The deeper mineralization at the unconformity brings “deep into play”. And, we have yet to test the deeper feeder structures, nor did most of the historical drilling, much of which focused on extending the underground deposit. Many, many targets are still in play at Rosebud.

Our market cap today, trading at
.14 CDN, values the Company at approximately $8 million CDN.

We welcome your questions and comments.