Cameo Industries Corp - Ordinary Shares V.CRU

Maybe this is why no price movement

[Oxyurid]

I asked 2 questions from their 13 Dec. NR in regards to the necessary infrastructure to process the stockpiled ore and if any of the 23,000 oz had been processed at Nugget Pond. This was the response direct from Truls: Dear xxxxxxx, Thank you for your interest in Crew Development Corp. In answer to your questions: 1) The mentioned infrastructure is not yet in place. We are expecting the granting of a full mining permit in early March this year. This process has been delayed by general elections called in Greenland before Christmas, and the fact that a new government must be in office before a decision can be made regarding our mining permit application. We have no reason to believe that we will not get the permit, and once we do, construction work will commence. Much of this work will none the less have to wait for the snow to melt. 2) No ore has yet been processed at Nugget Pond. We will need an export licence for the shipment of ore (included in the mining permit) which we do not currently have. We expect the stockpile to be shipped in September 2003 and to be subsequently processed at Nugget Pond. Best regards / Med vennlig hilsen, Truls Birkeland Manager, Corporate Finance ________________________ CREW NORWAY AS O.H. Bangsvei 54-58 N-1363 Høvik, Norway Tel: [phone] Fax: [phone] www.crewdev.com ________________________ So, probably no income from gold until 2nd quarter 2004 (after Sept. 2003), since that is when the 23,000 oz of stockpiled gold will start to be processed since the infrastructure and permits are not completed or in hand. Therefore, I'm not anticipating a great financial year for Crew (I hope I'm wrong) and expect more sales of Metorex shares. Cheers and good luck to us all Oxyurid