RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
August 31, 2007

We continue this week with answering the most commonly asked questions, in no particular order.

Q) “I SUPPOSE IF ONE WERE WANTING TO BUY BACK SHARES, HE WOULD NOT WANT TO RELEASE ANY INFO UNTIL THE LAST MINUTE SO THE PRICE WOULD STAY DOWN... ESPECIALLY IF A DIVIDEND WOULD BE COMING AFTER THE BUY-BACK. I BELIEVE CODELCO/RIO IS A GOOD MATCH. HOPE THEY MAKE IT TO THE TOP OF THE LIST....”
A) The timely release of information is not dictated or affected in any way by a share buy-back program. The names of the proposed Joint Venture participants have not been disclosed.

Q) “Can we all assume that a major mining company would be interesting in starting operations in the spring, an ideal time for ground breaking? Could this in any way leverage the timeline for an agreement?”
A) All of the potential Joint Venture partners anticipate an early start date for their exploration programs. Currently, the snow has disappeared from the top of the Alto de Lipangue plateau.

Q) “Who is Ian Dow and what is his relationship to the company if any?”
A) He is one of many shareholders and long-term supporters of the Company. These individuals are not Directors or Officers of the Company but shareholders who believe in our efforts and have faith that our project will succeed at the end of the day.

Q) “Good morning Les. From the rumor mill I understand that you are receiving a call by end of day saying when you will be going to Chile. It is no secret to anyone following the progress that we are in good hands and that things are going well in getting a exceptional JV. Will you be able to send a message saying when you leave for Chile? Also when you see JJ will you pass on the thanks of all serious shareholder for the hard work he has put in on all of our behalf. Getting this JV will be sweet revenge in a way for you, because of all that you have gone through as well. When this deal is done people will get a chance to see the real Les in action as a promoter. It is obvious in my conversations with you that you have gone well past getting a JV but have thought out the details of events past getting the JV. We will be heading into very exciting times soon and perhaps moving faster than those who think up things to complain about.”
A) The timing for my trip to Chile will be finalized shortly and I am sure it will be broadly broadcast in the various “rumour” media and, as well, be posted on our website. (No, I am not going to Hawaii or the Sandals resort in Jamaica, as recently posted on various chat rooms).