Chairman's Statement on Whetstone Acquisition and U.S.$5.0 Million Financing

I am pleased to announce the Whetstone Minerals closing of its US$5m placement and the acquisition of a portfolio of past producing Zimbabwe gold assets referred to as the "Bembesi Project".  Whetstone will re-commence trading on April 11th at 9 AM  Toronto time on the TSXV - ticker : "WMI"

The closing of this transaction cements  Whetstone's position as the first dedicated public Zimbabwe gold explorer in many years.  With its fresh and exciting story the company will lead the way in creating a new generation of Zimbabwe focused peers.

Whetstone is a growth story anchored not only in the exciting exploration and development potential of the Bembezi Project but also an aggressive acquisition programme targeting a number of  advanced projects with the potential  to deliver a multi-million ounce resource base.  Our goal is to create a mid-tier Zimbabwe gold producer.

With $5 million on hand, an initial  market capitalisation of only $12 million and the support of a number of internationally respected funds,  Whetstone presents a convincing story for investment leaders wishing to gain exposure to what is undeniably one of the most prospective, yet untapped, gold provinces in Africa.

Allan Dolan

Chairman