On Page 21, at the bottom of the page, of the 2007 Annual report,

"The Corporation is updating the registration of its Export License which will also allow it to Export and sell gold outside of Venezuela."

Qestions:

Has this been done, and are we in a position to sell outside of Venezuela, or are we still bound by the CBV (Central Bank of Venezuela) OFFICIAL RATE of 2,150Bolivars.

If we still have to sell to the Venezuelan Bank at this official rate, and then convert back to Dollars, I calculate that we lose approx. 40% in the exchange..

If KRY has obtained the new Export License, as discussed in the 2007 Report, how does this affect our ability to sell gold?

vlada