Company’s Rationale for Any Future Disposal of Any or Part of Its Mining Portfolio Assets

The Company’s policy of creating significant value to its portfolio assets through extensive yet targeted exploration programs will in likelihood result in acceptable offers being made to the Company to acquire any such assets.

If (and only if) such offers were strictly in cash (Not Stocks, etc.), the Company’s Management may deem it in the best interests of the Company to dispose of any such portfolio asset in order to utilize that cash received in order for the creation of greater wealth creation for stockholders. The Company would under no circumstances dispose of assets for any consideration other than cash as it would be senseless given the Company’s stated objectives, all of which require cash expenditure.

The Company’s Management sees no economic benefit to stockholders to accept stock in any other publicly traded company; Loan Notes or other instruments. The Company if it considered any sale of assets; would only accept a cash consideration.