Dear shareholders,

Thank you for all your inquiries. Please see the response provided by management.

We are in the early stages of building the road and were delayed due to mass flooding in the area. We plan on drilling SE Jacobus sometime in August.

Regarding the Quartz vein, YES.

Yes, there are students and prospectors being supervised by 5 geologists working on Jacobus and Onaman. We have a total of 46 people in Beardmore working on both properties.

Regards,

AGORACOM Investor Relations