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Message: NR: Golden Chalice Resources Management Change

This is certainly an unexpected turn of events. Firstly, I have heard numerous times, that GCR was Richard Hughes flagship company. Why would he just relinquish his command? Was this decision determined to be necessary to actually save the Company.? If thiis is the case, then I commend him on his decision to step down. Obviously, something had to change, if only on the surface!

There is also something else that is intriguing in the comment that the Company has relocated out of the HEG headquarters , to another downtown address. Could this be a method of implying that there are other reasons to facilitate a seperation? I doubt very much that there is a rift between the previous board and the new directors,simply because John De Jong and Steven Pierce are both involved with some of the other HEG of Companies. What I also want to know, is why they failed to mention this fact in the News release!! I am almost certain that Mr. De Jong has very limited mining experience, and therefore he would still be easily instructed or controlled by Mr.Hughes as advice was offered.

Suffice it for me to suggest that something much bigger is going on behind the curtain with this announcement. I am extremely curious as to what it is, and I welcome it gratefully. Bottom line is the Bottom line, and I don;t care what they do to improve upon it If this seperation better defines GCR, without the involvement or confusion of the other HEG companies, than it would be much easier for any new partner coming aboard. All in My Very honest Opinion!!

GLTA!!

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