Noxopharm Ltd V.NOX

Update from Investor Relations

[MrMonk]

With gold hovering near 3 year lows and the majors closing mines, cutting
dividends and laying off staff, there isn't a lot going on for new jv's. If
anything we are vulnerable to a hostile takeover, although with insiders and
institutional shareholders we control about 45% of the stock. As long as our
institutional shareholders don't turn on us, we can probably hold off a
takeover. (which would probably be at ridiculously cheap prices)

I haven't heard much on the jv front. I think most seniors are looking over
their shoulder and worried about their jobs so don't expect much action
until there is a change in sentiment.

On a positive note we will soon be drilling and have $1,500,000 in flow
through money to spend by next December. We still have close to $4,000,000
in the bank. The last assays we released were a positive surprise and
indicate we may have a 4th deposit to tie-in with the Marban Block deposits.
We have also extended the Norlartic deposit in a parllelThat area still has
tremendous upside and one of the groups we have been talking with believe e
have barely scratched the surface at Marban. We have only drilled to 700 m
and it is likely that more gold lenses are below the current outlined pit
and underground resources. Most mines in our area produce down to the 2,000+
meter level.

As we get closer to year-end the tax selling
should finish and the stock should bounce back. Here is to a much better
2014.
dividends and laying off staff, there isn't a lot going on for new jv's. If
anything we are vulnerable to a hostile takeover, although with insiders and
institutional shareholders we control about 45% of the stock. As long as our
institutional shareholders don't turn on us, we can probably hold off a
takeover. (which would probably be at ridiculously cheap prices)

I haven't heard much on the jv front. I think most seniors are looking over
their shoulder and worried about their jobs so don't expect much action
until there is a change in sentiment.

On a positive note we will soon be drilling and have $1,500,000 in flow
through money to spend by next December. We still have close to $4,000,000
in the bank. The last assays we released were a positive surprise and
indicate we may have a 4th deposit to tie-in with the Marban Block deposits.
We have also extended the Norlartic deposit in a parllelThat area still has
tremendous upside and one of the groups we have been talking with believe e
have barely scratched the surface at Marban. We have only drilled to 700 m
and it is likely that more gold lenses are below the current outlined pit
and underground resources. Most mines in our area produce down to the 2,000+
meter level.

Insiders have been buying and as we get closer to year-end the tax selling
should finish and the stock should bounce back. Here is to a much better
2014.