Dilution

Homestake Ridge - British Columbia

In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.

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Clavis

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Dilution

posted on May 28, 2009 06:32AM

DILUTION

The proceeds from this placement will fund an approximate, 8,500 metre drill program at the Homestake Ridge project..........

(and keep the other 5 companies that they control from the knackers yard)

Just so you know what you are paying for.

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