This year, Discovery Harbour is pleased to report two significant base and precious metal discoveries at our Wabassi project with our partner, Northern Shield Resources (TSX.V.NRN). We have earned a 51 per cent ownership in Wabassi through funding exploration and discovery activities, and we are in the process of adding substantial value to this project through further exploration during the coming year. We are very positive about the future of base metals demand.

Additionally, Discovery Harbour is involved in high-level negotiations for the acquisition of land in Colombia to explore and develop its thermal coal potential. Given the market demand for this commodity and superb relationships with key and influential corporate entities in Colombia, this is a large and exciting opportunity from which Discovery Harbour stands to profit significantly.

Discovery is also supporting the research and acquisition of iron opportunities in North America with the backing of multiple international equity groups. This research has identified and prioritized six quality magnetite projects that collectively contain over eight billion tons of ore. The acquisition process for these has been initiated; once completed, each project will be brought into NI 43-101 compliancy and set for scoping and prefeasibility studies.

We continue to offer value to major companies by accelerating the development of their non-core assets while exceeding the Reputational and HSEC standards they require. We also add value to successful exploration companies by day-lighting the full value of their discoveries. Shareholders will benefit from the realization of increased project valuations reflected in our future listed common stock.

We treat development opportunities with rigor but are flexible with respect to capitalization, thus taking advantage of opportunities to win value through appropriate sales or commodity stream arrangements. We are risk and opportunity focused, maximizing the discounted cash flow returns to both investors and project owners.

I highly regard the experience and reputation of each of Discovery Harbour's team members. They are widely skilled and well trusted in this industry. As a group, we are charting a course that will fully leverage our experience and alliances.

As you can see, it has been a successful and busy year. Our coming fiscal year promises to bring yet more exciting and interesting developments.