Dundee Cooperation

As part of the cooperation programs with Dundee Precious Metals Inc., the Canadian entity involved in the mining sector, the International Informatization Academy has organized several official meetings for Mr. Jonathan Goodman, CEO and President, and Mr. James Small, Vice-President, to present plans of Dundee Precious Metals Inc. at the top level. This will help ensure the state support to its activities in Armenia.

Mr. J. Goodman and Mr. J. Small met Hon. Robert Kocharyan, the President of the Republic of Armenia on November 27, 2007.

On November 28, 2007 they met with the Prime Minister of Armenia, Hon. Serge Sargsyan.

All aspects of the cooperation between Dundee Precious Metals Inc. and the State have been discussed. High officials of the Republic of Armenia welcomed Dundee Co. in Armenia.

Dundee's representatives had several very productive meetings with Hon. Aram Harutyunyan, the Minister of Environment of the Republic of Armenia.