Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Large buy

Hey JMH,

My buddy trusts my judgement and I told him that all of the junior mining picks that I gave him were undervalued at that time and would likely to do well over the next few years. I stand by my recommendation of GNH - see my previous posts on valuation metrics using Tilsley's spreadsheets.

I do not jump on (or off) bandwagons - I buy stocks that I feel have intrinsic value and future potential. I still believe that GNH is one of those stocks, but the climb has become steeper for this company as more and more investors have bailed for safety/liquidity or other reasons in a period where the junior markets have decided to take a holiday.

I look forward to hearing what SGS and Genivar have to say and that is the news release I am most interested in at this time. After that I will wait for the summer drill plan and strategic outline for development of a resource estimate.

I will not be able to make the GNH Annual Meeting this year as I will be out of town that week but I look forward to an update from those of you who are able to attend.

Best regards,

Scott

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