TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Toronto Conference

I was also at the conference and the previous posters did a good job summarizing my notes. I will just add the following:

1) Brian handled himself very well under some intense questioning by an unhappy shareholder/financial advisor. I would say it was LGG because the questions were virtually identical. This was the first time I've seen Brian in action under his new role as President and COO. I give him full marks for meeting the challenging quesetions head on, not losing his cool and providing solid proactive and informative answers. Two thumbs up!

2) The words feasibility study are being tossed around here... don't confuse this with the 43-101. They are vastly different. The normal order of events would be 43-101, scoping study or pre-feasibility and then a feasibility study. My guess would be 2011 for a feasibility study. BTW the way, several questions re: change of direction from "not" doing a 43-101 in 2008 to now doing one. This just reflects the economic reality that the market now puts a premium on proven lbs in the ground. This was not so much the case prior to 2009.

3) New veins have been found parallel to the GM so more evidence of a growing large resource. With higher grades at surface we should expect to see more drill results at the < 500m length to extend the tonnage. Personally, I don't expect to see deep holes again for a while.

Final note... the number of companies and attendees was way down from last year. A sign of a very tough year and few companies had the cash to continue operations.

Next stop - 43-101. If they get a lift in the share price I wouldn't be surprised if the raise a little more cash - maybe around $10 - $15 mill to cover their current yearly burn rate.

GLTA

m. z.

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