Your comment: We will not accept a scenario that would lead to time during which Marudi Gold has been entrusted with shareholder money but is not trading. This means that all of the compliance documents will be prepared and previewed and that contingent funding is available for the company when it is activated as a reporting issuer.

Finally, will your Rexma production funds cover all the management fees (outside of drilling funds)?

Initial REXMA production is scheduled for late March 2010. We anticipate that our share during calendar 2010 will be less than 1000 ounces (hopefully this conservative milestone will be exceeded and this depends on recoveries and grade). When REXMA is in sustained production we hope to see more than 2000 ounces to our credit each year - potentially much more. This sum, combined with management fees for the Joint Venture projects, would be enough to substantially cover our G and A costs. By management fees I assume you are referring to executive compensation. Note that this compensation cost will be materially reduced by cost sharing agreements with Mahdia Gold Corp. When REXMA is in sustained production the proceeds will exceed our G and A costs by a significant margin.

Marudi Gold and Mahdia Gold Corp. Where are these names coming from. Shoreham has NEVER spoken about these names and with Shoreham trying to split off should we be concerned???