G11 RESOURCES LIMITED — AGM Information 2011

Nov 23, 2011

==> picture [472 x 73] intentionally omitted <==

==> picture [472 x 73] intentionally omitted <==

LAWSON GOLD LIMITED

CHAIRMAN’S ADDRESS – ANNUAL GENERAL MEETING 24 NOVEMBER 2011

Since our last AGM we have completed our initial phase of exploration on the Lawson Gold Project tenements located about 45km north of Kalgoolie. As I noted in my Chairman's Letter and in the Review of Operations in the Annual Report, we have conducted a thorough campaign of soil sampling, RAB drilling and subsequently a 3 hole diamond drilling program.

This included a significant amount of work on re-logging, interpretation and collation of all previous assay results, including some historic data more than 30 years old, into a consistent and single database.

As the “finance man” on this board I will not hold forth on the technical aspects of our program any more than that and recommend that, after we have dealt with the formal matters of business, we ask David Turvey, the Executive Director responsible for oversight of the exploration program to respond to your questions. It is sufficient for me to say that, at this very early stage in our development, we have not yet accomplished our stated objective of discovery of a deposit which we believe has the potential to develop into a half million ounce orebody. We have not closed off all possibilities and interpretation with a view to establishing what the next phase of work should be, is ongoing.

That said, we believe that at this point it is prudent to be conserving cash and to be pursuing opportunities to expand our footprint. After all, the actual area that

we currently have under tenure, is a modest one. When times are tough in the search for funds at the junior end of the exploration market, it does provide opportunities for co-operation and expansion to those with cash. We have held a number of early stage discussions with neighbours and the like but nothing has yet progressed to a point where we could make an announcement to shareholders. I assure shareholders that our search for opportunities is confined to our core areas of expertise, ie the exploration for and hopefully development of, gold and base metals deposits.

The Board fully appreciates that we have a tightly held share register and the lack of news contributes to a slow decline in share price. In markets such as this one, it only requires one shareholder who must sell a small parcel of shares in a tightly held company, to see the price decline. As shareholders ourselves, each Director is as keen as I am sure you are, to see the share price improve.

D HILLIER

24 November 2011