I can understand why someone new to SLI may have some qualms about electing a new BOD, but anyone paying attention for the last 15 months shouldn’t have any difficulty making the decision.

Why it was easy for me to vote GREEN.

Reason 1.

We received three news reports updating shareholders with the Tesoro “DEEP” drilling results.

Of the total 12,740 meters drilled only 44.79 meters have been reported and of the 29 holes with any information provided, on average the bottom 106.33 meters have no reported results.This means that on average we only have a small reported sampling from the top 200 meters of the drill program. This doesn’t sound like a deep drill program for an anomaly that has a centre around 600 meters.

We have only received reports of what was assayed in excess of 0.5gm/t, a trivial 0.35% of the total 12,740 meters of drill core. There has been no indication of the total number of meters assayed and when asked about any field analysis (PIMA, XRF or something else?) of samples we don’t get clear direct answers.Lori has stated at length that she does not rely on visual estimates by anyone, she indicated that some of the highest grades she has seen have come from samples with no visible gold and that the exact opposite is often true (visible gold but low grade). Yet now she wants us to accept 0.35% of the drill core (that apparently was selected visually) as a representative sample.

The Quantec Titan-24 program identified 26 Primary and 26 Secondary drill targets.However, there has been no correlation provided by management between the drill program and the recommended targets.

If there is proof of insufficient gold at Tesoro, Lori could have appeased shareholders by disclosing complete and clear results.I’ve seen many examples of where other companies report assays for the entire drill core at 2 meter intervals.I’ve also seen somewhere over the last year that the lab assay cost was around $37/sample.There are probably many additional costs with logging, preparation, transportation, etc. however if we had taken the $150,000 spent on Georgeson to quell dissent and used it to pay for 8,000 meters of drill core lab assays and reported them we likely would not have this proxy battle.$150,000/$37 = 4,054

If SLI management believe they have provided sufficient information to shareholders, then they clearly have some sort of disconnect with reality. Otherwise a person can only assume that there is a hidden agenda.

Reason 2

Lori has sold the majority of her shares in SLI over the last 6 months helping to drive our share price down. She then announces a non-brokered private placement at a discounted price to the 52 week share price low for an overwhelming controlling interested without shareholder approval, sufficient enough to take the company private.In addition a 10% finder’s fee in cash/shares worth $1million/10million shares, it’s hard not to see a conflict of interest. This certainly cannot be seen as being in the best interest of SLI shareholders.

VOTE GREEN, unless you want more of the same.