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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: San Gold Announces Secured Loan

Just phoned. Had a good conversation with GG. He said that the secured creditors were all about the money but he figured the company had a 70-30% of survival. He said the last while has been the best production that it has ever been. The grades are good etc. etc.

He is trying to take GP and IB to the cleaners and doing all he can to do so. He is working for nothing right now when GP walked away with 2.9 and IB walked away with over 1 million, when they both were involved with taking the company to where it is today.

He said that right now it is a good little mine and will continue to be so if the creditors agree to make it work.

Q

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