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Annual General Meeting Results and Current Activities

By Great Quest | 

Annual General Meeting
The Company wishes to advise it held its Annual General Meeting on June 24, 2004 at which time Willis W. Osborne, Victor J.E. Jones and Mahamadou Keita were re-elected to the Company's board of directors. Willis W. Osborne was appointed as Chief Executive Officer, Chief Financial Officer and President of the Company and Jennifer Nestoruk was appointed as Secretary of the Company.

Adoption of Stock Option Plan
The Company also wishes to announce the Company's disinterested shareholders approved the adoption of a stock option plan that provides for the granting of options for the purchase of shares equal to 10% of the Company's issued and outstanding shares to be granted in accordance with TSX Venture Exchange.

Current Activities
The Company's second exploration program on the Djambaye 2 zone is presently in progress. A total of 47 pits will have been dug and sampled by the end of this week. The objective of the program is to attempt and determine the width of the zone. Previously, 29 samples from the bottom of 24, 10-12 metre-deep pits dug over a length of 392 m averaged 31.44 g/t gold. Nineteen samples on material from old pits over a further length of 1 km, north and south of and on strike with the above 392 m, averaged 3.22 g/t gold. This indicates a possible zone with a length of 1,435 metres, open in both directions.

ON BEHALF OF THE BOARD OF DIRECTORS

"Willis W. Osborne"
Willis W. Osborne
President