tinerant Resources will partner with a gold exploration/production company. The real interest in the Montezuma licence lies not in what has been done but what has not been done. It seems that systematic exploration has hardly begun with over 1,000 ha unexplored. Itinerant Resources _ Gold and Mineral Explorer focused on Zimbabwe

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January, 2009

Kantor & lmmerman, a leading law firm based in Harare, Zimbabwe, carried out legal due diligence on the title, ownership, mining rights and compliance of assets held by Tinker Mining (Pvt) Limited

Legal Opinion on Company's Assets from Kantor & Immerman Kantor & Imrnerrnan of Harare, Zimbabwe is a member of the Law Society of Zimbabwe and is also affiliated to GLOBALAW, the GLOBAL Law Group, that incorporates some of the most prominent legal firms in each member country. The firm was instructed to carry out a legal review of mineral properties owned by Tinker Mining (Pvt) Limited and to issue a legal opinion addressed to the directors of Itinerant Resources Plc on relevant due diligence matters relating to title, ownership, mining rights, compliance & encumbrances.