Correction (April 28, 2003)

Etruscan Resources (EET-T) owns 51% of the Tirisano alluvial diamond mine and related properties in South Africa, not the 75% figure it has used in some news releases and which we reported in “Latest Tirisano auction a hit” (T.N.M., April 21/03).

In early 2002, Etruscan completed the Tirisano financing to earn a 75% stake in Mountain Ash, then a wholly owned subsidiary of Mountain Lake Resources (MOA-V) and owner of the project rights. Mountain Ash was subsequently renamed Etruscan Diamonds, and Etruscan transferred its rights to a subsidiary incorporated in Bermuda, in which it holds 68%. The remaining interest is divided among a group that includes officers and directors of Etruscan. The group subscribed to the private placement from which the development funds were raised.

Regarding the farm on which the mine sits, Etruscan Diamonds must pay $61,824 to the underlying property vendors to maintain the mineral rights. The payment is due Sept. 1.