Eagle Graphite Inc V.EGA.H

RE: Steady as she goes

[ticktalker]

The Next Move: In order to reconcile the differences between the estimates, Amerix engaged the services of an independent expert in resource estimation, Mr. Alan C. Noble, Ore Reserves Engineering, a Qualified Person within the meaning of National Instrument 43-101. "Based on significant problems with each of the estimates" Mr. Noble was unable to endorse either of them. Mr. Noble made a number of specific recommendations for the "preparation of a fair, unbiased estimate" related to the interpretation of the Shear Zone, the Mineral Zones, the range of influence of drillhole intersections and the cut-off grade. Amerix Management concurred with Mr. Noble's findings. (For the full Alan C. Noble's report, please visit www.amerixcorp.com or www.sedar.com). Commenting on the report, John Andrews, President and CEO of Amerix said: "The differences in the estimates made by the same organization within four months of one another defies logic. Nevertheless, drilling continues to proceed smoothly and we are delighted with our results achieved in the field thus far. Moreover, our geologists believe that the potential at Nova Brasilia is superior to the Ouro Roxo deposits and we should expect assay results in August from the initial phase of the drilling program at the Nova Brasilia (NBSB) target. Then, toward the end of the year the Corporation intends to engage Mr. Noble to undertake a reevaluation of the resource".