Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Update

Earl:

With respect to item (4): If we do not have a future, then this entire exercise of yours would seem futile. Management changes are not likely to affect the ultimate value of the resource-it's either there or it isn't.

Are you suggesting it is the intent of the current management to bleed all shareholder value out of the company via their salary compensation, after realizing the deposit has no real potential?

I'm a bit confused by this 'update' question...

L

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