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Message: Summary of the San Gold AGM – June 23, 2009

5. Another person said that the credibility of the company has been undermined by the failure of the company to meet their own deadlines. He suggested that, for instance, had we issued the 43-101 before the warrants came due, we wouldn’t have had to pay 6% to brokers to make sure warrants got exercised. Dale disagreed with that comment, saying that putting out a 43-101 prematurely would understate the company’s resources and could have caused a share price decline. He went on to explain why the 43-101 has not yet been issued as expected. At last year’s meeting, they thought they had one vein to include. Now they find they have 6 veins in the present Hinge zone and there are new zones being found besides.

That's a softball question. Should have asked him about the company's missed production targets for 3 years running, with no guidance given before the quarterly reports. JMHO.

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