HMZ Metals Inc.

HMZ Metals Inc. is a metals company that is currently involved in a long running dispute with its joint venture partner in China. The Company's immediate term business strategy has necessarily evolved to focus on a resolution of its current dispute in which it is seeking a return of invested capital, its pro rata share of profits to date and damages in an amount to be determined.

The longer-term strategy of the Company is to proceed with additional new metals and metal processing projects inside and outside of China. Over the past two years HMZ has built a network in China which includes representatives in government, military, legal and business sectors. HMZ believes it will soon be well positioned to embark on a number of new projects in conjunction with new partners and anticipates that the introduction of modern mining technologies and environmentally responsible development methodologies will provide it with a substantial competitive advantage.

HMZ is also assessing a number of new project opportunities in the Americas.