Golden Hope Mines

Dear NS,

As Glorieux has succinctly laid out, there are sound financial reasons for keeping just one drill turning in the early phase of this program. I would add, however, that because of the unusual nature of the hydrothermal fracturing type deposit, we are still in a learning phase with respect to how core samples are logged/recorded in the context of the regional geology. There are scant few people qualified to analyze the geology of these core samples and I believe this is a key component of our success going forward. I am quite happy to place our future in the hands of experts such as Tilsley and Boilard until such time as the next wave of financing allows us to provide extensive training for the next generation of expert Beauce geologists.

Best,

Scott