CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This website contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation. Forward-looking statements include, but are not limited to, success of exploration activities, permitting time lines, requirements for additional capital, government regulation of exploration, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance coverage.

Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved".

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lodestone Exploration Limited to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and base metals, possible variations in ore reserves, grade or recovery rates; failure of plant or equipment to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in program timetables, delays obtaining governmental approvals or financing or in the commencement or completion of activities, as well as those factors discussed in Section 11 of Lodestone Exploration Limited's Prospectus dated 24 January 2003. Section 11 is entitled "Material Risks". This Prospectus is accessible on Lodestone's website.

Although Lodestone has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Lodestone does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable laws and other obligations.