Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: I fired off a fairly pessimistic toned letter to Sasha

Snezzer, Like yourself I was getting frustrated by the drop in sp and the long wait and called Sasha recently to vent....an action that I now regret.

He patiently explained the situation to me and walked me through the new map. His response was the same to me as in his email to you. He also told me they were working on a US listing which should be approved shortly....it happened 2 days later.

Call me gullible if you like but I understand Frank Candido's frustration with the delay in assay results coming from the lab.

Others have explained on this board the huge number of assays that are at the lab for assay and the random pattern of assay results that are being returned to the company. Add to that the fact that a lot of assays have to be redone....so they go to the end of the line.

I am told that to change the sequence of assays that are in the Q at the lab, the cost triples. So think about that for a minute. With literally hundreds( actually thousands) of assays at the lab, how often would the company want to call the lab and ask for a change?....10 times, 100 times????? Add to that the fact that many assays have to be redone for a variety of reasons and you can soon get a picture of the nature of the problem.

"In certain cases there are bits of information which are missing because we had to send samples for full pulp metallic assaying which doubles the turn around time from the conventional standard fire assay. In some cases we are missing a few samples to complete holes, in other cases we are missing larger portions of holes."

I had the opportunity to go on a site visit back in April so when I examine the new map showing the pattern of drilling and places where visible gold has been observed, I can picture in my mind what Sasha is talking about.

Yes I agree that this does not make me qualified to predict the final assay results but having met Frank, Jim, Dany and Sasha several times I believe them to be honest and hard working people. I do not think they are withholding assays simply because they don't like the results they have seen.

"So for example, in the T1 and T2 zones holes 119, 124, 125, 130 and 131 illustrate that the zone extends and also illustrate that certain portions are connected. Therefore, in order to report on the zone we need to have all of the results for all of these holes in and interpreted before we can report."

This is their plan for announcing results....by zone after all assays are received....and I believe we will not have to wait long to start seeing these results.

I also believe that the presence of visible gold in many of the drill core gives us a glimpse into the results that we can expect.

Add to that the fact that the SGH results indicate that there are gold bearing zones throughout the 20 km property, most of which are relatively unexplored and I think there is plenty of reason for optimism for those that have the patience to wait.

SN

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