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12/19/10 9:56 PM

#21102 RE: $UPERMAN #21099

AS OF NOV 12TH, INVESTIGATION STILL ONGOING/b]

According to the most recent 10Q filed on November 12th, the investigation is still ongoing.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7555040

Item 1. Legal Proceedings
We may be involved from time to time in ordinary litigation, negotiation and settlement matters that will not have a material effect on our
operations or finances. We are not aware of any pending or threatened litigation against us or our officers and directors in their capacity as such
that could have a material impact on our operations or finances.
On April 8, 2010, the Company was advised that the Securities and Exchange Commission is conducting an investigation titled “In the Matter of
Dutch Gold Resources, Inc.,” File No. A-03222. In the investigation, the Company and its Chief Executive Officer, Daniel W. Hollis, received
subpoenas to produce documents to and provide investigative testimony before the staff of the Commission. Neither the Company nor Mr.
Hollis have been notified of the specific nature of the investigation.
We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting
securities are adverse to us or have a material interest adverse to us.