Adex Mining Inc V.ADE

Additional Funding

[123c]

I'm not so sure that "considering possible sources of additional financing to be used for additional work on the Mount Pleasant Mine project." is good news.

With $ 1.9 mil in cash & equivalents as of 30/6/13, the $ 1.5 mil in contracts out as of 16/8/13 and ongoing expenses (like Po's salary & directors fees) leaves our pockets empty pretty soon. Po & friends have been taking big salaries that should have been moving the project much faster.

The question is what other "possible sources of additional financing" might be available and how dilutional will they be. Current management and recent history will not be that attractive to funding sources.

Explanation of the delays, what contracts have been made and clearer financial and developement plans should all have been outlined at the AGM and in the press release.

Betts is the lead independent director, perhaps we should all be writing to him weekly for [e-mail]