What is the status of King Solomon Pillars property in light of recent announcement by KXL that they have decided to relinquish their Solomon’s Pillars Property option agreement? It is my understanding that this property borders SGX King Solomon Pillars property. Thanks in advance.

Applicable excerpts from KXL and SGX releases pasted below FYI.

red911

KXL MD&A, 2008-12-01, p. 22:

"In October 2008, the Company decided to relinquish the Solomon’s Pillars Property option agreement. The costs attributed to the property in the amount of $38,990 have been charged to operations."

SGX NR, 2008-07-31:

"King Solomon Pillars gold property, Walters township

Line cutting is continuing in preparation for trenching and channel sampling. Target mineralization consists of gold-bearing quartz-calcite-arsenopyrite-pyrite veins in fine-grained siliceous sediments, with a trend of approximately 70 degrees, that strike subparallel to an iron formation. Historical work approximately 400 metres east of the Sage property boundary has defined a two-metre-wide system with at least 550 metres of strike length. The best assay in the area was taken approximately 100 metres from the eastern boundary of Sage's claims and contained 1.42 ounces per ton (49.49 grams per tonne) gold (Ontario Assessment report No. 42E12NE0073, 1966)."

KXL NR, 2008-08-01:

"First pass channel sampling results from the Solomon's Pillar project (see website for the regional project location map) have identified a strong zone of gold mineralization that extends at least 500 metres along strike that remains open. Channel sampling highlights at Solomon's Pillar include channel SPX-19 which cut 5.5 metres grading 12.82 gpt gold (0.374 ounce per ton) including 0.9 metre grading 25.1 gpt gold (0.732 ounce per ton). A 3,000-metre drilling program has commenced; the first drill holes have intercepted 20- to 30- metre-thick zones of intensely mineralized banded iron formation and sheared clastic rock; assays are pending."