AKAIWONG

Announcee gold assay results from a recently completed Geoprobe exploration program. A total of 100 soil sample sites were drilled from a depth of 2.43 to 9.7 m, with hole spacing varying from 60 m to 120 m, depending upon soil conditions. In the main anomalous area beginning at hole 6.07 m of 0.229 gpt Au was encountered. Moving north, hole 84 returned 8.50 m of 0.29 gpt Au and hole 85 returned 6.07 of 0.25 gpt Au.

Reported that 100 Geoprobe soil sample holes have been completed at the Akaiwong project. Significant gold values are reported below for holes 1, 2, 4, 5, 6, 7, 8, 19, 21, 22 and 29. Best results include Hole 4, returning 0.571 g/t Au from 0.3034 m to 1.21 m.

Reported on exploration efforts at the project. Exploration work during the past four months has focused on road and trail development, and pit sampling. A total of two miles of main access road has been completed from the area of previous drilling, south to the property boundary. Trails off this main spur have been completed to facilitate a Geoprobe direct push drill sampling program. A pit sampling program was completed starting at the area of previous drilling, and proceeding south. The purpose of the pit sampling program was to visually confirm the presence of gold. A total of 50 pits were hand excavated. All samples reported greater than 100 “eyes” of gold. An eye of gold is a prospecting term used in Guyana to indicate the presence of very fine grained gold, with each eye greater than 200 mesh. Some coarse gold was noted in several of the pits, with particle sizes over 100 mesh.