Mr. Palmer

When the revenue flow starts coming in from the Goldex Mine I suggest that we change the company's name to one that is more descriptive of our business. I believe Probe Exploration and Royalty Company might be just such a name. It seems that many exploration companies like to place "mines" after their main name but in fact, they do no mining.

In a book I once read I learned what the writer did with his stock market profits, he spent 10% of them on himself and his family. I feel it is only fair that when the stream of revenue starts coming in from Agnico Eagle that shareholders receive 10% of the yearly sums in the form of dividends. I mention dividends for the reason more emphasis is being given to them by the major mining companies in the recent past.

In closing, do you know if the gold and silver ore on our royalty claims has been accessed yet or if not, when might that time be?

 Thanks, SCW