Samco Gold Ltd V.SGA.H

RE: Our Chairman resigned from Michelago because

[Packice]

Very interesting with some background, at least for me that has just recently picked up on this company. One can also conclude that the pressing financial situation for Michelago, out of favor with Aussie investors, has had a dampering effect of progress for SGA. With Resource Capital Fund IIILP now holding over 40% in SGA and with "heavy" representation the board, one should anticipate a much more concentrated and effective road moving this projekt forward. So lets hope that the so called "BFS" recently presented is enough to get a decent bankfinancing in place. Then the work on the Golden Ridge area can start up in july as planned, probably resulting in a start of production around this time next year. So thanks to GB.