T his p re s en ta ti on m a y c ontain f o r w a r d looking s tat e me nt s that in v olv e a n um b er of ri s k s an d un c er tai ntie s inc luding s ta t em en t s re gar ding the ou tlook f or the Com p a n y s b u s ine s s and op e rat ional re s ul ts By nat ure thes e ri s ks a nd un c e r t ainti es c ould c a us e ac t ual res ult s to dif f er m a t erially fr o m w h at ha s b een indic at ed Ris k f ac t or s tha t c ould c aus e ac tual re s ult s to dif f er m at e rially fr o m a n y f or w a r d looki ng s ta t em en t inc lude b ut are n o t lim i t ed to v aria ti on s in the natur e q uality and q uan ti ty of an y m ineral dep o s i ts t hat m a y be locat ed being u n s u c c e s s fu l in es tab li s hin g m i n eral re s ou r c e s an d re s er v es inability to p r o du c e m ine ral s fr om i ts p r op er ti e s s ucc es s fully or p r of it ab ly c ap it al and op era ti ng c o s t s v ar y ing s ignif ic an tly fr om e s ti m a t e s dela y s or f ailure in ob t aining go v ern m en tal e n vir onm en tal or o ther p r ojec t ap p r o v al s and b eing un ab le to raise th e ne c es s a r y c ap it al or to be fully ab le to im p lem en t it s b us ine s s s tra t egie s F or w a r d looking s ta t em en ts are mad e b ase d on m anagem e nts b elief s e s ti m at e s a s s um p ti on s and o p inion s on the da t e t he s ta t em en ts are mad e A lthough the Com p an y b elie v es th at s uch s ta t em en t s a re r ea s onable it c an giv e no as s ura nce that s uch e x p ec tat io ns w ill p r o v e to be c orrec t and the Com p an y un de r tak e s no ob ligat ion to up dat e p ublic ly or o th e r w i s e r e vis e an y f or w a r d looking inf orm ati on as a re s ult of n e w inf o r m ati on futu re res ults or o ther s uch f ac t or s that af f ec t thi s inf orm ati on e x c ep t as req uired by la w F o r w a r d L o o k i n g S t a t e m e n t 2 CS E A RQ OT C A R B T F F S E P 3 U