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GTech International Resources Limited

Corporate Objective - increasing shareholder wealth through the identification, establishment and commercialisation of new biotechnology ventures.

Gtech International Resources Limited (Gtech) is focussing its activities on seeking a new biotechnology opportunity. The Company realised all its listed securities during the financial year ended 30 April 2004 and now holds the majority of its assets in cash deposits.

Once a suitable biotechnology project is identified, the Directors may call a Special Meeting of Shareholders to consider and vote on the change of business direction. It is likely that once a suitable biotechnology project is identified and approved by shareholders, further placements will be made to raise additional funds for the project.

Previously, Gtech has been engaged in the acquisition and exploration of mineral properties in British Columbia and the Yukon Territory. The Company still has a 1.5% net smelter royalty on the Aurex Property, which Expatriate Resources Limited may purchase at any time for C$1m.

Gtech’s primary focus is to expand into the biotechnology sector and is seeking suitable opportunities in the North American market.

Visit the Genetic Technologies Limited website.