I talked with Brian Maher today on the phone. He said that there is nothing going on at KXL that warrants the drop in the share price. KXL's drop is in line with their peer group that are all down around the same % (in fact all juniors for that matter IMHO). He said that they are drilling like crazy and continue to execute the plan that they present at every conference and he is extremely pleased with the progress and results to date. He also mentioned that the institutional investors he has talked with were very pleased with the NR.

I asked about the timing of the NR. It is not his call, but he did say that KXLreleases news as soon as they have it ready. They cannot hold onto to news that reports a material change to the company and must report this kind of news as soon as it is ready. They also do not hold onto any news for market timing purposes. If you think back to the last week in July, Erin was quoted in saying they were trying to get the NR out before the end of the month/week... and they did just that.

Brian is frustrated with the SP too, but he has as much control over it as we do. The market is what it is.

What Brian does have control over is the exploration strategy and plan. I have 100% confidence in his abilities to execute this plan successfully and deliver an economic multi-million oz discovery upon exploration success. I (we) will need patience to see this thing through.

I continue to be a strong, long term investor of KXL. I look forward to the rest of the journey with like minded investors on this board. And, like you, can't wait for this thing to turn around.

GLTA

m.z.