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Message: management

Mr Frontiersman, I am sorry if you think I rant and rave by times. but I believe I have very good reason. To see total inaction by the regulators and Exchange, after being giving circumstances of blatant violations by Lori and BOD, causes a huge area of concern. Many shareholders stayed in this stock and bought more shares after being told by Lori at the 2012 AGM that a Quantec representative was working on a day to day basis with SLI, this in fact turned out to be not true, as what Quantec told several shareholders, that they havent spoke with SLI for 18 months. There were no drill results out then, but the added excitement of Lori,s statements concerning Quantecs involvment, suggested something significant must have been going on, for Quantec to be involved that deeply. Any geophysics firm, goes in and does their work, with a little follow up consultation if requested by the client, not constant engagement with the property or management after the geophysics is done. Anyways, there is more to this, but the main thing here is that Lori mislead investors and that is an extreme violation and a violation as such that the Exchange should remove her directorship from any public company, and I would go as far to say the BOD as well, for condoning her actions and not preventing a misleading statement with this, but other misleading statements she made as well. There have been what appear multible timely disclosure violations as well on top of this, with no apparent reprimand. The suspicious trading before news and the convenient short positions that have a 100% accuracy rate, that IIROC was sent some of this eye catching trading, with no action taken. Factor all this in, and you see a grave concern with the regulators and questions have to be asked why they are not acting on these violations with SLI, whereas there have been pettier cases dealt with and the individuals reprimanded.

The biggest banks in Canada now own the TSX, but to my knowledge, they operate under a charter to the Canadian Government, which should allow the government to step in and force the banks, to force the Exchange to act, in the best interests of all Canadians, and in the best interest of integrity in the markets. The BCSC employees are public servants to the BC provincial government, the justice system has the power to force them to act, and uphold what ever little bit of integrity is left in the Venture which supplies a huge portion to the B.C. economy. Failure by politicians, is putting the markets at risk here as well, and is showing a dysfunctional system, whereas when you look at only ~$300,000 being collected out of what appears to me to be $57 million of fines in one year. The Chair of the BCSC gets ~$600, 000 in wages per year, just for a comparrison figure.

To talk about the properties, is not going to resolve this grave circumstance we are in. We need to see action to remove a CEO and BOD that has allowed millions of dollars to be spent in travel, that could have been spent on the properties, and its possible that the travel figure spent, outweighs the exploration amount spent. If we don,t get this action from the regulators, we are at great risk, with such compelling evidence revealing blatant disregard for shareholders and definitely not in shareholders best interests particulars, we must go to extremes. So, if be it considered ranting and raving on my part, yes, its what we must do or we will run out of time. We cannot wait for a court date that may appear months down the road while the CEO is still in there doing God knows what with our company. We already saw one of her initial tricks of trying to dilute us out of the company by proposing a PP that was supposedly full, then turns around and says she can,t fill it, was that another lie?

The properties are valuable, with the Tesoro being very valuable, but it will be worth nothing to us if we dont get a CEO and BOD out of there now, that apparently have lost all credibility and cannot raise cash. And this not raising cash component cannot be blamed on us, it was first evident with IGD, when a proposed PP saw less than 10% of it getting filled. This also set off alarm bells with investors, after being told that the IGD PP was a bought deal, filled, then turn around and release news that it wasn,t, it turns out that this was another lie.

So I, as well as many other shareholders are befuddled why the regulators will not act in the best interests of 1000,s of shareholders and favour the position of a very small few. So, I suggest, that if shareholders want to salvage their investment here and this potentially very valuable company, they are gonna have to apply pressure onto other areas of our societal structure, before its too late. Numerous geo,s have backed up the potential of the Tesoro, why the drill results are not confirming that, is leaving a boat load of suspicion on managements part and is now causing suspicion with the inaction of the regulators on blatant disrespect for policies. Something is definitely going on here, its pretty obvious, its each and everyones own choice if they want to stand up for whats theirs and their rights, or they can just walk away and leave this unjustice just keep going in circles and effect lives after lives.

We are a very strong group, and we will get action, but we must act and act now while we can garner the support of the public, the timing is excellent.

IMO

IMO

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