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Monday, 05/01/2006 4:05:03 PM

Monday, May 01, 2006 4:05:03 PM

Post# of 115222
Emailed Mr. Parkin concerning the discrepancy in ounces of gold on the PR's and the balance sheet today.

Here is his answer:

"There is a different method of calculations for geologists and accountants who make deductions for certain accounting principles. That is why the accountants’ net figures are lower".

I am unfamiliar with this accounting principle and would appreciate someone who is familar, providing an explanation.

Thank you,
Airdale



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