The Company Shane Resources holds 50,000 acres jointly or as to 100% within the Fort a la Corne district of Saskatchewan. The Fort a la Corne district contains one of the largest known clusters of diamondiferous kimberlite pipes in the world. The Monopros (Debeers) joint venture has spent in excess of $30,000,000 on exploration and have identified 57 diamondiferous kimberlite pipes. At least one of these pipes contains up to one billion tonnes of material. Airborne magnetic surveys have been the primary exploration tool utilized in this area and have been successful in locating kimberlite pipes. Shane has obtained airborne magnetic data over portions of its properties that contain a number of anomalies interpreted to be kimberlites. Ground geophysics has been utilized to prioritize drill targets and drilling will continue. Further new data will be obtained from a new airborne survey to be carried out in March and April of 2004.