There is a big effort to keep things quiet up there around AT12 and this I believe is good news. Hole #3 of course was first rumored to be something like hole #5 of E1 but newer info suggest a more modest hole with grades and length being good but no where near hole #5. Some have speculated or heard that holes #4&5 are better than 3 and that we do have a third significant nickel/copper find. This could be just assumptions based on geophysics map and hope. The theory is holes 1&2 were collard at the northern edge of the anomaly. Hole 3 was a step out hole to the south of holes 1&2 closer to the center of the anomaly. Holes 4&5 are rumored to be south from hole 3 again and closer to the anomaly's center so could yield some of the best drill results to date on AT12. This is more conjecture than anything at this point so I am waiting for results on this one.

I did have an interesting conversation a few weeks ago with management. I asked them if based on visuals alone, if E2 had not happened-as it was a dissapointment, is there a possibility we could of called AT12 Eagle 3. The answer was probably. The reasoning is that they called Eagle 2 on visuals alone and when the assays came back, very late I may add, they were no where close to E1 results. Management has learned from this and that is why they NRed a Nickel/copper occurrence at AT12 and not Eagle 3. They will be very cautious before announcing Eagle 3. They will have assays in hand, possibly from a multitude of holes before announcing "Eagle 3 has Landed". I believe this is at least part of the reason for the delay in assays from holes 1&2. Now with holes 4&5 coming in possibly better as well, they may be further delay but if it unfolds like I have said, this will be a bomb in the stock market and we will see our SP finally rise to where we should be. So keep your fingers crossed about this.

Tomorrow is a great day coming. Our first full NI 43-101 report. We think we know what it will contain but it may contain a few surprises. At this point, I am not sure if they will release in AM, Halt then post or post after the day's trading...It will keep everyone on the edge of their seats thoughts and will give us all something to mull over and discuss. I am very much looking forward to it's release.

Good night all,

Glorieux