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“In the Bekisopa Area we have identified 4 new iron prospects, Beki 2, Beki 3, Zone C and Zone F. These prospects merit drill testing to determine their economic significance.”

The Company has been requested by regulators to publish a clarification of the Spector report to the Company referred to above. Dr. Spector delivered the clarification which was published, as follows:

Clarification of Spector Report on Bekisopa

In June 2007, the Company completed an extensive investigation of geophysical airborne and ground surveys of areas west and south of Bekisopa to identify prospective geophysical features. Dr. Allan Spector, a Qualified Person for the purposes of National Instrument 43-101, carried out the ground geophysical investigations on the identified
airborne anomalies and presented his report. Dr. Spector carried out 21 detailed gravity and magnetometer surveys on approximately 60 km of lines.

Principal results of the 2007 gravity surveying in the vicinity of the known Bekisopa iron deposit (Beki1) are as follows:

  1. A 2.5 milligal gravity anomaly was observed over the known deposit.
  2. Two additional gravity anomalies were observed, one kilometer west and one kilometer east of Beki1 called Beki2 and Beki3.
  3. All three gravity anomalies are associated with varying magnetic relief.

Cline intends to drill test the two additional gravity anomalies to determine whether or not they reflect iron deposits,
with a view to determining their grade and thickness.

Until this drilling has been completed and results obtained, estimates of mass in these three prospects have no economic significance. Readers are cautioned that the “estimated total mass” identified in our July 30, 2007 news release is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Company cautions that the resources referred to above are historical in nature, were compiled prior to the adoption of NI 43-101 and therefore are not compliant with NI 43-101 requirements. While the Company believes these historical results provide an indication of the potential of the property and are relevant to ongoing exploration, the Company has not independently analyzed the findings of the reports and no reliance should be placed on the findings of such reports.   Company   Financials  Investors   Projects   News   Contact   Terms of Use - Disclaimer