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Tuesday, 10/18/2011 6:41:05 AM

Tuesday, October 18, 2011 6:41:05 AM

Post# of 83181
Field Report SEPTEMBER/OCTOBER

Doug Evans, Chairman and CEO, spent the month of September in Sierra Leone conducting various business activities. He is extremely optimistic with the direction and progress being made by the company and returns with these observations.

Mining

The land operations that are ongoing during the end of the rainy season that the company supports throughout the country, produced 18 oz. /au during the month of September.

Assaying of samples of black sand taken from both the Pampana and Sewa Rivers are currently being conducted by SGS Labs in Lakefield Ontario. The results will be published as soon as they become available. Small scale processing of those same samples, for test recovery purposes, will be conducted in late October. The company is continuing with the black sand collection program and to date 14 metric tons have been accumulated for future processing.

The company acquired 4 concessions on the Pampana River North in September. Surface rents were paid and licencing is underway. We are in the process of moving 2 dredges onto these new concessions.

In addition to these activities, the company is negotiations for an additional 4 concessions on the Pampana River North.

Please note that the North Pampana River and the Pampana River North are two separate areas of the Pampana River.

Agriculture

All operations are proceeding as scheduled. First harvesting of the rice crop began on the 14th of October. It is expected that the crop will yield between 10 to 13 bushels per acre. A portion of all crop yields will be used for future crop expansion with the balance being sold locally.

The peanut crop is being harvested and second planting is being considered.

The anticipated yield for sorghum is between 30 to 40 thousand kilos. The company is in discussions with various buyers for this crop. A portion of this crop will also be used for expansion while the remaining yield will be sold.

The maize crop will also be used for future planting and local sales. At this time no expansion is planned.

During the upcoming Agricultural Festival in November, the company’s various agricultural activities will be visited by a number of various senior government officials.

Carbon Credits

Due to the current financial problems in Europe and the United States the Carbon Credit market is presently soft. We continue to monitor the situation and are putting ourselves in the best possible position to make a move when the Carbon Credit market improves.

John Semachko Jr

The Greatest RISK is NOT Taking One !!!