The following is being asserted by an individual on the boards. I believe this is incorrect. I do not understand from any press release or available information that KWG needs to approve anything, but rather that the option agreements are legally in place.

Please ask the company to clarify this.

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The Issue of the 2 Very LARGE claims Blocks held by SPQ 67% and KWG 33%, which has tentatively optioned to UC, through a “letter of Intent” which could/would earn 55% on certain conditions, including spending of about $ 5 Million dollars…I was told that UC has in fact spent about $1 Million of those funds, ahead of the signing of the sai formal/legal Option Agreement…I was also told that they are awaiting formal/legal approval of the wording of said “options agreement” from KWG. So as it stands today, The “Options Agreement” has not been Legally finalized, awaiting KWG’s approval…

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Thank you!

BK