Tenement summary report for the period ending 13 November 2009 to 13 November 2010 for EL 27307

Abstract

Universal Splendour Investments (USI) has taken up exploration license EL 27307 which is located southwest of Katherine in the Northern Territory. This tenement is part of a group of three tenements collectively referred to as the Victoria River project area. The Victoria River project has had a preliminary background review undertaken by a previous consulting company. Since this time International Geoscience has been contracted to manage the exploration work for all of Universal Splendour's tenements. It is unclear at this stage what commodities are prospective in this area.