Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Annual Meeting June 15 2010

You know we have accomplished a great deal in the past year. Last year we talked about Redstone producing 288 tpd. This year we have the capability of producing more then 1800 tpd but the licence (which can be amended I believe) to produce 1500 tpd. We have Nickel which was priced in at $7US and $0.90 Cdn on our Technical reports that proved our mines could be profitable. Ni has exceeded that on a regular basis!

Gary is confident that we can meet our debt targets as specified in the AGM. LME levels are working in our favour.

Hart permitting is going well. In most projects there are changes which most companies have had to face. Permitting is something that Lbe is not afraid to commit to and accomplish. One of our biggest hurdles was working with the aboriginals and Lbe has committed to working with them and has a representative on site. We hire locals. Timmins is a mining friendly community. Its frustrating to see a setback but that is all it is. We as shareholders have every reason to still trust that the company is doing everything it can to realize shareholder value. Proof will be in our financials. The market will recognize it in time. As it is we still just have to wait and watch the advancements that Lbe is still experiencing. With revenue we receive from our Ore our financials will only keep looking better each quarter.

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