Dear Shareholders and Investors

Havilah Resources has released its latest Quarterly Report which can be
viewed at

http://www.havilah-resources.com.au/pdf/Quarterly%201004_HAV.pdf

Also the
Quarterlies of our subsidiaries are at

http://www.curnamona-energy.com.au/pdf/Quarterly1004_CUY.pdf

and

http://www.geothermal-resources.com.au/pdf/Quarterly_1004_GHT.pdf


Best Regards


Bob
Johnson

Chairman

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