Update

1-5-2009 

From the desk of Russell Twiford, Vice-President and CEO. 

For the benefit of our stockholders and any other interested parties I have a few statements to make:  In answer to a number of e-mails I have received lately:   

Yes, we are still a solvent company and working extremely hard to increase our gold recovery and yes, we are talking to several interested companies regarding future funding but we are unable to release any pertinent news at this time at the request of the people we are discussing this with, but we do not expect any actual negotiations to begin until after the first of the year and this holiday season is over.

I have received numerous requests by phone and by e-mail for the answer to the following question:  Why is our stock so low and who is selling at such low prices, $.004 to .01 cents per share?  My answer is:  I wish I knew, but I don’t.  I can only speculate that perhaps the market makers are playing with the stock in order to make a quarter of a cent or so per share or maybe we have “shorters ”as we did when the stock was $3.40 per share and several eastern market makers decided it was time to drop all stocks in our category and took us and others down to $.20 cents almost overnight by shorting. Maybe some of our own stockholders have gotten tired of holding on and sold for the tax loss.  Anyway, as soon as we get the funding we are after and can get into full production we will hire the right PR people and get the stock back up to where it should be.  In the meantime we shall continue with our limited production and try to get better recovery on a consistent basis.  

My prayer for 2009 is that all of us involved in GPGI have a prosperous and a happy New Year!

This communication to shareholders and the public contain certain forward looking statements. Actual results may vary materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated reserves, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.