Update on Building Installation

11-29-2006

Information Submitted by Russell Twiford, Vice President in charge of Research and Operations

We are pleased to announce that the concrete has been poured and the building’s framework erected, the sides covered, top covered, the doors are in and ready for the contractor who wins the bids on completing the inside improvements, offices, lab, etc.  The insulation of the building, inside and out, will be started very soon. 

In the meantime, research work is being conducted on a daily basis in the small lab, and plans are being made to graduate from the small lab to the pilot plant where larger production tests will be run.  As soon as the facility is built out and ready to go on stream, we will be prepared to start continuous production.  As testing begins initially for the recovery of gold (and platinum later), we will readily share our results with shareholders and other interested parties once we have the final product in hand, weighed and assayed.  For obvious reasons, we intend to be extremely careful in releasing any information unless it is 100% accurate, including that of sales, receipts, assay results, etc.

We hope that by the first of the year, we will be ready (or be close to being ready) to turn on the plant and begin large-scale production.  We wish you all the happiest of holidays and will continue to keep you posted as significant events occur.

 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.