SPECIAL ANNOUNCEMENT     Dear Readers: With the addition of our “Company Reports Section”, “THE MELMAN REPORT” website has entered fully operational status, effective May 19, 2008. In its completed version, “The Melman Report” now consists of the following:

 

A - “Melman Minutes”, written each business day (except when national holidays or travel requirements interfere) by your editor and containing timely comment on market direction consistent with our overall published philosophical positions.

B - “Weekly Comments”, written early each week and will contain a review of market actions during the preceding week and also look forward to anticipated developments in the coming week.

C - “Melmania” studies, written on an as-needed basis to develop commentaries on specific subjects relating to the junior mining share world on topics such as “Gold versus Paper money” or “Commentary on relatively poor mining share performance” or “Complications due to environmental interferences.”

D - “Archives” of Mr. Melman’s past writing, accumulated over the past 23 years in publications such as “ICMJ’s Prospecting and MINING Journal” (formerly “California Mining Journal”), Resource World, “World Mining Stocks” and several others. These will be filed by subject index and arranged by date of original publication.

E - Special studies created for Mr. Melman’s public speaking events including titles such as “Four Dynamic Trends” or “Golden Bull Markets of 1980 and 2008 compared.”

F - Corporate section where client companies will each have a “Corporate Page Section” which will include a short summary report of the company, an in-depth study, a “review and analysis” page, updated reviews each three months and links to the corporate websites and e-mail addresses.

Although at one time charging a subscription for access to portions of the site had been contemplated, we have decided to continue with free and open access for several reasons.

First, one of our goals is to be an influence on behalf of the mining industry to mitigate the impositions of what we consider to be environmental and governmental over-regulation. Of the industry. Second, our plan is for the site to provide a means for quality junior mining corporations to present their corporate information - for a reasonable fee - to the mining investment community

In both cases, it is important to reach the widest possible audience and management came to the belief that imposing an access fee, particularly while the site was relatively new, would work in opposition to those goals.

We continue to look forward toward providing the highest quality, objective and factual information to the public. However, as has been our policy since the initial work at this site, it is important to point out that we will not be offering any specific “buy” or “sell” recommendations. Our goal is to provide information from personal observation and from sources which we believe to be reliable. Any investment decisions should be made only after prior consultation with registered investment professionals.

Comments from the general public are always invited, along with suggestions or any information which might be of interest to our readers. Please address all inquiries or comments to the site e-mail address which is editor@themelmanreport.com

Yours truly,

Leonard Melman
May 19, 2008