I was at the PDAC today and was able to speak with Hugh. I will regurgitate a few points:

1. They hit alteration of about 10ft. on the parallel Hinge vein. Results pending. No visible gold.

2. Hugh would reject a 4 to 5 dollar offer from anyone. It's not enough for what San Gold has, as far as he is concerned.

3. 43-101 at end of March, beginning of April, for Hinge only. The remainder of the property should be end of summer.

4. Projecting cash flow positive at end of 2nd qtr. (June)

5. Will be at the Hinge ore body this week.

6. Stated that he wanted the to find a way to get the share price up to the 2's so as the make the warrants in the money (obviously).

7. Intimated that San Gold is in talks with other junior producers regarding possible amalgamation.

8. Feels that they have got the blue sky motherload....

MB