To our stockholders and other interested parties: 

There is not too much to report as of this day, 3/19/08, but I promised more frequent updates so I wanted to get this information out to all concerned.  We made a shipment to our refiner about a two weeks ago, but due to the extreme rise in gold prices they have been utterly inundated with people sending in their gold jewelry, which made them a bit slow in reporting results to us. 

Let me explain one thing to you. As we recover our gold concentrate from our processing tanks, we dry it, weigh it, and then fire the concentrate into bars.  These bars are then taken to the refiner for further processing, whereby they melt all the bars into one huge pot and take a sample from the molten metal to determine the purity.  Their assay on the purity of our last shipment was 99.75%.  However, we have developed a method of purifying our gold by electrolysis, whereby our purity ranges from 999 to 9999 pure.  Regardless of the purity, the refiner charges 2% for refining, so we are now entertaining the idea of perhaps finding our own end user to reduce our refining costs.

In regard to the actual net recovery per 1,000 gallons of solution processed, we are having a slight problem in the extrapolation from the lab to the tanks, therefore, our recovery is still in the one ounce per 1,000 gallons range.  We believe we now have that problem solved, and in the very near future, March 24th to be exact, we will begin a new run and expect to get a much better net recovery.

I know that you are all very anxious to get the news that our audit has been completed and that the company is in compliance with the SEC.  If it is not completed by this weekend, our President, Scott Gardner, and our resident bookkeeper will journey to Salt Lake City and determine, in person, what the problem has been or is, and if it has been corrected.  My next update will have that info for you.

I regret that it has taken us so long to get our production line on stream and get the recovery that I feel that we should be getting, but I am confident that our next shipment will show that we are well on our way to getting a minimum of 3 ounces, and perhaps up to 5 ounces, per 1,000 gallons of solution.  I want to assure you that everyone at GPGI is working hard every day to ensure the success of our operation for the mutual benefit of all parties.