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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Options Extended

Please excuse my ignorance of the stock option issue but I wonder if some of the knowlegable posters could clarify this expiry extension for me.

If the extension has to be approved by the disinterested shareholders (kind of a funny term) at the next AGM (this summer?).

What happens to these options in the meantime if we are bought out?

The NR states "certain options". This implies not all options are to be extended. Any way to determine whoses options we are talking about? If they belong to EE, ES and DM perhaps this is the only vote we small fry may have some influence over.

Does this not seem to imply that nothing exciting is going to happen between now and the AGM? Or is this just more smoke.

Thank you.

Cu63

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