My fellow shareholders,

I have patiently been waiting,as you, for our work permits. The LoO permit was issued some 50 days ago.

Both the LoO and the WP are RENEWALS of previous permits issued a few years back. There is really nothing new and really no reason why there should be such a delay....or is there a reason?

I have posted in past about a certain individual, who prior to joining the gov't mining div in Smithers was and possibly remains a consultant to Ascot. (the company that is currently trying to sell its agg deposit near HBK for aprox 14 million$.)

IMO, this individual is potentially in a serious conflict of interest. He very well could have shares in ascot, could still be consultaing for ascot ,I believe still owns a mining consult engineering business etc.

From where I sit this individual could be stalling HBK permit to enhance Ascot chances of selling their deposit prior to HBK going into production as well as a whole host of other senerios of conflict and so forth.

I suggest calls to Victoria (dept of mines and permitting) info here:

BC MINISTRY OF ENERGY AND MINES - www.gov.bc.ca/em

a) Geological Survey and Development Branch -www.em.gov.bc.ca/Mining/Geolsurv

Victoria Headquarters

P.O. Box 9333 Stn Prov Gov’t, Victoria, B.C. V8W 9N3; Dave Lefebure, Chief Geologist

Tel: 250-952-0374, Fax: 250-952-0381, E-mail: Dave.Lefebure@gems8.gov.bc.ca

Mineral Development Office

300-865 Hornby Street, Vancouver, B.C. V6Z 2G3; Tom Schroeter, Senior Regional Geologist

Tel: 604-660-2818, Fax: 604-775-0313, E-mail: Tom.Schroeter@gems6.gov.bc.ca

The individual I reference above re: conflict of interest is:

Northwest Region, 3793 Alfred Ave., Smithers, B.C. V0J 2N0, Fax: 250-847-7603

Bruce Graff, Inspector /permitting, Tel: 250-847-7768, E-mail: Bruce.Graff@gems5.gov.bc.ca

This post is without prejudice and is based on my DD. The info/emails/phones and names are in the public domain as these are gov't employees paid for with our tax dollars.

I urge every shareholder to voice there concerns...enough is enough!