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•  $10 million invested in exploration activities

•  $15 million raised through a private placement and exercise of warrants

•  Active drill programs at three projects

•  Strengthening of Board and Management teams

•  AngloGold Ashanti earned-in 51% of Kele and Mase projects through combined funding of   US$10 million over past two years

•  Projected to have an area of over 2,000 km² licenced on New Georgia Island in 2012