SCANGOLD LIMITED

At an Extraordinary General Meeting of the above-named Company convened, and held at The White Hart Hotel, Fore Street, Okehampton, Devon, on 27th May 1998, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively:   “That the Company cannot, by reason of its liabilities, continue its business and that the Company be wound up voluntarily and that Graham Lindsay Down, of BN Jackson Norton, 27 Queen Square, Bristol BS1 4ND, be appointed as Liquidator of the Company for the purpose of such winding-up.” F. J. Newman, Chairman