Elysee Development Corp (ASXSF)

[Montanore]

Bob, do you have any thoughts on the Alberta Star/Kootenay bid for the Sunshine Mine?

Sterling's "Sunshine Mine" located near Coeur d'Alene, Idaho, USA, has been one of the world's largest producers of silver, having recorded production of over 360 million ounces of silver since 1904. A 2007 Canadian "National Instrument 43-101- Standards of Disclosure for Mineral Projects" report (the "Report") by Behre Dolbear & Company estimated remaining resources as follows:

-- Measured and Indicated resources of 31.51 million ounces of silver in
1.43 million tonnes at 21.8 ounces of silver per tonne
-- Inferred resources of 231.5 million ounces of silver in 2.28 million
tons at 101.6 ounces of silver per tonne.
A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. The Report can be found under Sterling's profile with the U.S. Securities and Exchange Commission and available in Canada at www.sedar.com.