Key extracts [emphasis added]:

"...preserve the flexibility to engage joint enterprise investors in the independent development of multiple Hay Mountain targets..."

"...three day visit including a two day site visit to the Hay Mountain Project area for a potential funder from the Arabian Peninsula..."

We are "...30 to 90 days" from issuance of approved drilling permits - no major issues with archeology.

"The Company is getting more expressions of interest every day and expects to make additional presentation trips... Currently there are three seemingly qualified entities that have expressed strong interest. [In Hay Mountain, that is.]

"The Company has executed a letter agreemen" on the North Pipes Super Project.

More and detailed comments to follow.

VP