To: bill who wrote (88 ) 1/24/2002 3:37:59 AM From: VAUGHN Respond to of 613 Hello BillWatch MPV and ABZ. They may move not on something that is happening directly to them but because of something that is happening close by. Something seems to be up in the Lac de Gras area but I'm not sure what. There is ground in that area that was explored in the early stages of the diamond rush when no one really knew what they were doing. Anybody on this thread who lives in Yellowknife area who has noticed anything lately? Anybody picking up ground that was previously held but let go? Going back over ground that was previously explored? Major General Resources Ltd. Date: September 19, 2001 Canadian Venture Exchange: MGJ Shares Issued: 42,099,328 News Release # 01-14 BHP OPTIONS NWT DIAMOND PROPERTY Major General Resources and partners SouthernEra Resources Ltd. and International Diamond Syndicate (collectively “MIS Group”) are pleased to report the conclusion of a letter agreement optioning the Misty Lake property to BHP Diamonds. Negotiations over the past five months were successful because of the co-operation of all the participants. The Misty Lake Property consisting of 35 claims covering about 71,600 acres is situated immediately to the south of the Mountain Province - De Beers Kennady Lake Project, about 300 kilometres east of Yellowknife, NWT, or 150 kilometres southeast of the Ekati Diamond Mine. De Beers is currently completing final evaluation of diamonds on four kimberlites on the Kennady Lake property to determine grade and value prior to a formal feasibility study. BHP will immediately commence a detailed, helicopter borne magnetic-electromagnetic survey over the entire property. Previous work on the property has identified strong indicator mineral assemblages indicative of diamondiferous kimberlites.The combined magnetic-EM surveys have not previously been flown over the Misty Lake Property. It is now well established in the NWT that some kimberlites respond to both geophysical techniques while others respond only to either magnetic or electromagnetic signals. It is believed that the four main Kennady Lake kimberlite pipes, which are located as close as 20 kilometres to the Misty Lake Property, were located using these techniques in combination with anomalous till indicator minerals. At the present time, the Misty Lake Property interests are SouthernEra Resources Ltd. 60%, Major General Resources Ltd. 24% and the International Diamond Syndicate 16%. BHP have the right to earn an incremental interest in the property under the following work schedule: BHP will complete the detailed geophysical survey as soon as practicable at its cost. Once results are evaluated, BHP will select targets which it considers may be kimberlites for drill testing. BHP must then drill test up to at least 10 of these targets within a 2 year period from date of signing. If a kimberlite is encountered, BHP is immediately vested with a 35% interest in the property. BHP may increase its interest in the property to 51% if it completes a 200 tonne mini-bulk test sample on any one kimberlite for diamond content and valuation. The MIS Group understand that BHP have selected a suitable contractor and the helicopter borne geophysical survey is set to commence immediately. A location map of the Misty Lake Property is available for viewing on Major General’s website www.majorgeneral.com William J. Coulter President *** Date: October 31, 2001 News Release # 01-18 MISTY LAKE DIAMOND PROJECT, NWT Preliminary results of an aerial geophysical survey recently completed by operator BHP Billiton Diamonds Inc. a subsidiary of BHP Billiton have been presented to the Company. BHP Billiton completed a 2800 line kilometre, high definition airborne electromagnetic survey over the majority of the company's 330 square kilometre Misty Lake Property in September. Preliminary interpretation indicates the presence of a variety of scattered geophysical anomalies on the property. BHP Billiton technical staff will undertake further interpretation and evaluation of the data to determine if any of these anomalies represent potential kimberlite targets for drilling. BHP Billiton must drill test its selected targets within two years and if kimberlite is encountered by drilling BHP Billiton will earn a 35% interest in the property. BHP Billiton may increase its interest in the property to 51% if it completes a 200 tonne bulk test sample on any one kimberlite. A location map of the Misty Lake Property, which is located immediately to the south of the De Beers Mountain Province, Kennady Lake property, is available for viewing on Major General's website, www.majorgeneral.com. William J. Coulter President *** MISTY LAKE INDICATOR MINERAL CHEMISTRY Analyses of garnets from till samples collected prior to 1997 show appreciable numbers of samples fall within the harzburgitic (G10) garnets and high Cr2O3, lherzolitic (G9) garnets. These "High Interest" indicator minerals infer that diamondiferous mantle peridotite has been sampled by the source kimberlite. What you are picking up on perhaps has something to do with mobilization of drilling equipment and base camp supplies in advance of drilling. The winter road to Lac de Gras is expected to be 100% ready very shortly and the winter road to Kenady Lake, Snap Lake and Misty Lake branches east south/east off the Lac de Gras winter road. What raised red flags for you? Regards Vaughn