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Message: AGM Update

ib7,

Lori stated she would not release the results hole by hole but would release them as each portion of the program was complete (trenching, shallow drilling and deep drilling).

She also said the current (and ongoing) insider blackout was not supposed to be made public and was instituted because they have submitted a batch of cores to the lab for assaying. They do not want to take any chances with regulators with insider trading while assaying and waiting for the results. When all the shallow drill cores are assayed she will release the results. The blackout will remain in place until these results are released, with the possible exception of someone needing to "pay a bill" then it would be temporarily removed, no assay results would be accepted by her at that point, the blackout would be re-implemented and she would continue to wait for all the shallow drill assays to be complete.

Lori said that although a lot of the trenching has been completed (but still ongoing with even some exploration/possible trenching happening on the 'E' claim) she thought shareholders wanted the results of the drill core first.

Once the shallow drill cores assay results are released I would expect SLI to submit the trenching results for assaying if the deep drill cores are not ready for processing.

So with shallow drilling still to complete but some cores being currently assayed the results should be coming (but when? couple months?). Lori did state that the public will not in the future know when the blackout is lifted or instated amongst insiders so our first knowledge of it will be when we see the shallow drill results in a NR.

Munchie

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