Snowfield Development Corp.

You know, this is just the last straw. I've kept the faith for so long. I'm finally tired of all the excuses, the changes in direction (Uranium-Simpson Island), now gold claims.

I've finally excepted that, IMHO, the management of this company just doesn't seem to have the required expertise to explore for and develop anything, successfully.

It appears to me, they have no money, they have too many shares outstanding and they don't seem to know what direction to go in.

I also believe that sometime in the future commercial diamonds, that the chemistry says are in the kimberlite (green garnets, etc) will be found, but I don't believe it will be SNO that finds them.

So, I'll take whatever I can recover and invest it somewhere else and keep my eyes open for the future.

All the best to those who still believe, I wish you success.

BGT