Comet Resources Limited
Have granted an option to 2nd July 2003 in favour of Prosperity Resources Limited to acquire Comet's Yalgoo tenements that are prospective for gold. Comet will retain a 100% interest in the Yalgoo base metal Project. Prosperity has paid a non-refundable $30,000 option fee to acquire the option. It is exercisable by Prosperity issuing to Comet 6,000,000 ordinary fully paid shares and 2,000,000 options expiring on 31st May 2005.