Western Sierra Resource Corp (WSRC)

[lmcat]

The WSRA/GDSM JV for the Gold Crown and Gold Star is contingent on GDSM making the $100,000 payment due on Oct. 20th. If GDSM fails to make that payment the JV goes into default.

Clearly Chaffee is not spending any more time on those claims as he stated they are proceeding with the Silver Cord (without GEAR) and completing basic power and lighting installations.

We have continued to work closely with Pine Creek mining to re-open the Gold Basin placer mine. We have recently completed additional fencing and earth control barriers at the request of the U.S. Forest Service. We are looking at a variety of possibilities to Joint Venture the project with Pine Creek as an operating partner or as the mine operator for an outside or private developer.

The above plus the road work at the Azurite mine.

Chaffee is moving ahead with other projects and not sitting there waiting to see if GDSM performs!