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PsyOpDude

12/20/10 6:19 AM

#4 RE: valdai #3

Smitter... for the board - EMG is NI 43-101 compliant w/ measured and indicated resources totaling 472,000 ounces of gold and inferred resources totaling 1,000,200 ounces of gold.

- A 3-5 million ounce gold exploration target, subject to additional exploration.

- A major high grade, low cost, underground gold project at an advanced stage of permitting (draft Environmental Impact Report stage).

still checking equipment and milling...

Psy