Cautionary Note to U.S. Investors

The Company discloses non-reserve mineralized material that is considered too speculative geologically to be categorized as reserves under Industry Guide 7 of the Securities and Exchange Commission. Estimates of non-reserve mineralized material are subject to further exploration and development, are subject to many risks and highly speculative, and may not be converted to future reserves of the Company. Investors are cautioned not to assume that all or any part of such non-reserve mineralized material exists, or is economically or legally extractible. Mineralized material that is not reserves does not have any demonstrated economic viability. U.S. investors are urged to consider closely the disclosure in our Form 10-K. You can review and obtain copies of the latest Form 10-K filing from the Company's website or the SEC's website at www.sec.gov/edgar.shtml.

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