Writer Answers Mutli-Nationals Ad

(From the Danville Register-Bee 01/29/08)

Here are my questions

To the editor:

Last week an advertisement ran in several newspapers entitled, “II. Virginia Uranium Inc. Questions We’ve Been Hearing.” It was the second full-page ad run by Walter Coles Sr.No doubt, we’ll see ads III, IV and so on.

Perhaps, in his next ad, Coles can answer some questions I’ve been hearing. Specifically:

-- What are the differences between Virginia Uranium Inc. (Virginia), Virginia Uranium Ltd. (Yukon), Virginia Uranium Inc. (Yukon), Holdco, Landco and Southside Cattle Co.?

-- Ron Netolitzky is president and CEO of the Canadian company Santoy, as well as a director on the Holdco and Virginia Uranium Inc. boards. Norm Reynolds is an advisory board member of Santoy, as well as the CEO and president of Virginia Uranium Inc. Is there a joint venture between Santoy and Holdco?

-- A January 1985 Marline Corp. letter from Land Manager Mark Fetzer states, “I know that Marline holds leases with over 300 families in Pittsylvania County.” Does VUI or any related company hold mineral leases for areas other than Coles Hill - in Pittsylvania County or elsewhere in Virginia?

-- I’ve seen VUI information which states that “Holdco will commence a regional exploration and acquisition program to target and acquire both new and historic uranium prospects in Pittsylvania County, Va.” Is VUI or any related company planning to mine areas other than Coles Hill if the moratorium on uranium mining is lifted?

-- Do you think others, perhaps Canadians, French or Australians, will be encouraged to seek uranium opportunities in Virginia or other east coast states if the uranium ban is lifted and VUI is allowed to mine in Virginia?

-- Recently, I have read, in a document prepared for VUI, “Holdco does not currently carry any form of insurance for environmental risks (including potential liability for pollution or other hazards as a result of the disposal of waste products occurring from exploration and production).” Who is responsible for pollution and other hazards that result from the disposal of waste produced during exploratory drilling?

-- The Pittsylvania County Waste Ordinance, Chapter 29, outlines the procedure for approval for waste management activities. Did Pittsylvania County exempt VUI from the Waste Ordinance? If so, why?

-- If there is contamination present when VUI tests water from exploratory drilling, where and how does VUI dispose of the water?

KAREN B. MAUTE
Mount Cross