For the benefit of anyone not having read the latest release posted May 13, I have included it below.

It appears the company has a second business angle in addition to the copper mining in the Philipines. The key word is salvage. The pot certainly looks sweet for Euronet (85/15), but I'll wait until I see the goods before hyping anything.

The announcement of listing on the TSX-V first it greatly welcomed! The shares going to this unnamed business partner at .50 is very encouraging, to say the least. This looks like it could be the listing level for the relist perhaps, I don't know. Significant dillution is also evident, but there are only 12M outstanding shares presently until, and if, this agreement is signed. We only have a second LOI so far.

Keep the faith!

E8

News release via Canada NewsWire, Toronto 416-863-9350
Attention Business Editors:
Euro-Net Investments Ltd. signs new letter of intent and announces a
change of address
TORONTO, May 13 /CNW/ - Hakim Usman, Chairman of the Board, is pleased to
announce that the company has signed a second letter of intent to further
develop Euro-Net Investments Ltd..
This letter of intent enables Euro-Net to access the archive of a
world-renown commodity salvage researcher, who shall remain unidentified until
listing. In accordance with the letter of intent, Euro-Net will pay the
individuals on closing $10,000,000 in common shares at 50cents plus
4,000,000 warrants at 50cents in exchange for a licensing agreement with an
85/15 split in Euro-Net's favour in salvage operations worth over
US$200,000,000. In connection with this transaction, Euro-Net will raise
$15,000,000 in a convertible debenture, exchangeable within a two-year period
for a unit which consists of a 50cents common share and a 75cents warrant.
In light of the current situation in the Philippines, the company will
re-list on the TSX.V first and then evaluate a London Stock Exchange listing
for our mining deal.
The company is also relocating its head office to London, England. The
Canadian mailing address will be 123 Queen Street West, Suite 306, Toronto,
Ontario M5H 3M9.
This press release contains certain "forward-looking statements" that
involve a number of risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
%SEDAR: 00005362E
/For further information: Contact: Mr. Hakim Usman, Chairman, Tel: (416)
544-3442, E-mail: euronet(at)sympatico.ca/
CO: Euro-Net Investments Ltd.
CNW 12:00e 13-MAY-08