Wallbridge Mining Company Ltd.

As we move on to the presentations I would like to start by making a few short comments.
When we talk about how Wallbridge has had a busy year let me better explain that. In 2007 we spent over $5.0 million on exploration in Sudbury. We drilled and produced over 12 kilometres of drill core. Our geologists meticulously inspect and log every meter of that core. Any core that needs to be sent to the lab for analysis is cut in half longitudinally and the remaining cut and uncut core is filed away in an orderly fashion in our core storage facility. So in 2007 we added 12 kilometres of drill core into our data bank and storage. These same geologists, when not logging core, are out on their particular projects doing prospecting, geological mapping and supervising their drill crews.
In 2007 we also did over 225 line kilometres of geophysical surveys. To put that into perspective, that represents the equivalent of cutting a straight survey line and laying copper wire through the bush from Sudbury to North Bay and back.
All of this is a very significant accomplishment in any year and it requires a lot of planning, co-ordination and scheduling to achieve, as well as a talented team of exploration professionals.
The big, major discovery eluded us once again in 2007, however all of our hard work did produce some very good exploration targets on the East Range, North Range, as well as the Trill and Creighton South Properties. These targets will be the subject of our 2008 Exploration Program. We all feel very confident that our hard work will soon produce that major discovery.
Since our last annual meeting a year ago our investment and your investment in Duluth Metals has increased by over 300% - a very significant value appreciation for our shareholders. We are very bullish about the future for Duluth Metals.
Last spring Lonmin Plc recognized the potential value in your company and bought an 18% equity stake in Wallbridge. This is a great vote of confidence.
In closing, we are very aware that you, our shareholders, expect success and we are more determined than ever to deliver that to you in 2008.
Now I would like to ask Alar, our President to come forward to give his presentation.