Mr. J. William Morton reports

CONSOLIDATED WOODJAM COPPER ARRANGES LOAN AGREEMENT

Consolidated Woodjam Copper Corp. has negotiated a private loan for the amount of $100,000 from one investor. The term of the loan agreement is for a period of three years bearing an interest rate of 10 per cent per annum.

No finders' fees, bonuses or commissions are payable with respect to the loan, and there is no arrangement to issue securities in connection with the loan.

Proceeds from the loan shall be applied to pay budgeted administration costs.