St Andrew Goldfields Ord STADF

Nixon Fork. . . Production Clarification

[Monedas1]

The news release is confusing in that the most immportant production number is omitted although the approval for permits assures that production can occur. That number is the 2006 production goal for the Nixon complex. The release indicated that the tailings contain an estimated 30,000 ounces of AU and NOT that the production from the Nixon Fork complex will be 30,000 oz in 2006. Tailings processing will start in July and maybe finish in 2006 but the release doe not say. The actual processing of underground ore is expected in the "early fall". However, no estimate of SAS's 2006 production goals for the tailings and/or the underground processes are provided except that the tailing could contain 30,000 oz AU. We should ask IR the 2006 estimate for ounces produced. I think that resolving this issue would increase share price. Note: The processing of ore from the underground mining operation at the Mystery Creek deposit will provide additional feed for the Nixon Fork operation