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Message: Timeline - Update

My timeline is updated below. Deep drilling will not commence until October - must be no deep rigs available until October. Unfortunately these holes will be the ones that take the longest. Great news but schedule has slipped a couple of months.

drill permit received: beginning of May, 2011 - complete

drills mobilized: by end of June July (my guess based on NR), 2011

- shallow drilling mobilized

drilling: Jul-Aug-Nov (I assumed that shallow drilling did not start prior to Aug 1, and deep holes will start in Oct and be completed by the end of Nov), 2011

results sent to lab and analyzed: Sept-Oct Oct-Dec, 2011 - shallow hole results will be submitted first, followed later by deep holes

assay results released: Nov, 2011

Jan, 2012 (I assumed all results are released together, rather than as they are available - this may or may not be the case)

bids for Tesoro from interested parties: Dec, 2011 to Jan, 2012

Feb, 2012 to Mar, 2012

evaulation of bids and negotations with interested party: Feb Apr, 2012 - Mar May, 2012

sale of Tesoro: April June, 2012

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