Dear shareholder,

Thank you for your inquiry.

1. Pony Spur drilling was not completed last year due to weather conditions. There are no published geophysics for Pony Spur at this time.

2. Gold Hill drilling has been completed and is being analyzed. We are awaiting our field geologists report and the final log of assays then a PR will follow.

3. Beardmore budget in 2008 is $6 million and our staff is comprised of 6 field geologists, staking and line cutters, core shack staff and contracted prospectors who are assisting in trenching and stripping. They are working on Onaman and Jacobus properties. Our drilling crews are not included since they are employed by our sub-contractor.

4. The road is nearing completion in the SE section of Jacobus and no work can be performed without road access. Heavy equipment needs to be used for trenching and stripping and without a road transporting this equipment is impossible.

5. Kerrs will be drilled upon the public listing of Sheltered Oak Resources (our JV partner) on the Venture Exchange and yes we have re-evaluated Kerrs drilling and targets based on the Explor Resources recent discovery. The drilling should commence within the next month once the SO listing is finalized.

6. We use 2 labs in Thunder Bay , ALS Chemex and Accurassay. We have met with Act Labs who are the new lab in TB also and will likely utilize their services also. Thank you for your query and sorry for the delay in replying.

Regards,

AGORACOM Investor Relations