Hugh Wynne, Executive Chairman of San Gold, and Dale Ginn, CEO of San Gold, are the initial directors of SGX. Following the completion of the Offering, Mr. Ginn will resign as a director of SGX in order to completely devote his services to the benefit of San Gold.

I was wondering if the NR today has nothing to do with preparing for the future and more to do with recognizing the present. Dale obviously has a huge task ahead of him with the developement of the Rice Lake mining camp. They are raising a substantial amount of flow through cash that has to be spent on the properties in Timmins, so I would assume that they have a very ambitious drill plan scheduled for the near term. With all that is going on in Bissett it wouldn't be fair to Dale or SH of SGR for that matter to divert any attention away from the task at hand.