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Revision History For: Rex Diamonds-Sierra Leone

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To: Scott Wilding
Scott, I trust you saw the Rex announcement today with regards to Sierra Leone. The author of the report is Dr. Luc Rombouts who has done extensive evaluation work on the Northwest Terr. diamond projects, Russian situations and most African diamond countries and would be considered to be an expert in his field. I don't understand why the market hasn't valued this company higher than it is. Dr. Rombouts will be speaking on Feb.5 in Capetown at an international mining conf. so hopefully he will be able to shed some light on the situation. In any event the South African production provides a base for us to work from and we should be producing from the alluvials in Sierra Leone in the near future.

Ross Orr