San Gold Corporation

A couple of points Ian talked about:

-burn rate was 3-4mil but with cuts to drilling, they are nearer 2 mil and hopefully heading to 1 mil.

- also, looking at a newer mining method (he said the name but I can't remember) may help lower costs.

- currently cutting costs in capitol , equip & overhead (?) with intent to lower overall mining costs

- important belief of Board is that SGR made claims but never lived up to them - got hammered by analysts - so they promise that they will live up to statements and objectives

- also re: stock option plan , though approved, it will not be abused and a commiittee will review to amend it for shareholder approval in future (the current one goes for 3 years but whether the new plan is ready before then was not clear!