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Re: SOUTHPEN post# 45

Monday, 03/29/2010 5:38:30 PM

Monday, March 29, 2010 5:38:30 PM

Post# of 160
Since assuming responsibilities for Cash Minerals in January, I have been reviewing all assets of the company, particularly the uranium assets.

You are correct that the Division Mountain Coal project is a good asset. Its future development is probably related to the outcome of current initiatives of the Yukon Government towards determination of their policies for Independent Power Providers (IPP) which might allow for construction of new power stations by independent operators. We currently have a consultant in Whitehorse participating in this review process and I am monitoring this process carefully.

Meanwhile, I am working towards a new corporate strategy for Cash which will be unveiled shortly.
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