Dear Investors,

We would like to inform you about the current status of our work to bring the new restructured company back on track. It took us quite some time and effort to put a new and powerful package together, which will succeed in the market and will also serve your interests as a shareholder.

The main focus for this next and final step has the following contents, which will promise success:

1. The company will no longer have activities in the primary mining industry. However the Company has previous arrangements with several gold mines in Africa to supply shipments of AU on a regular weekly basis. The income from these contracts will be a part of our cash flow and profit during the next quarter of business.
2. The company now has a solid asset base backed by its own properties.
3. The company has and acquired several technologies in the field of water resources and sustainable alternative energy production.
4. Short term liquidity needs to be established by cash flow and earnings.
5. Secure earnings by licensing some of our energy related products
6. Pay a dividend as of the first quarter of the new and restructured company. ( third fiscal quarter September – December)

We are very close to these achievements. The various mergers are finally being made, as all audited financial statements and needed approvals delayed our schedule. We are happy to say that we have these problems resolved and that our next steps are now under the company’s control. Unfortunately we had to postpone our scheduled shareholders meeting from 10 June, 2008. The new date is Tuesday, 18 November, 2008.

There are many requests regarding free tradable Prospero shares under the US rule 144. They have all been freed by the SEC since 15 February, 2008. You will get a new free tradable share certificate once we have completed our move to a listed exchange.

The company has nearly completed its reorganization which will allow us to be profitable and sustainable in the years to come.

Our new website www.prosperominerals.com will regularly reflect the changes and achievements of Prospero.

Sincerely

Hubert L. Pinder
Prospero Minerals Corporation