> A Message to Our Swedish Shareholders Market reaction to really good news can sometimes surprise a shareholder and also management. We had all anticipated that the share value would increase upon releasing our Mineral Resource Update when in fact, it created for some people, an opportunity to sell. I have analyzed the selling of our shares carefully and it is apparent that one person trading through RBC started selling to the bid at the opening of the market on Monday morning and continued selling to the bid until they reached .29 cents momentarily. On Tuesday morning a second person trading through CIBC did the same thing while at the same time the first person continued selling through RBC. Start on Wednesday we see the same two people selling although not at the same pace. I expect that they will run out of shares in the next few days at which time we and the market can start rebuilding the value of the shares again. It is my opinion that these 2 people were waiting for an opportunity to sell Integra shares on a large scale and the report created that opportunity. Their reasoning may be that they have held the shares for a long period of time and wanted to move to something else, they need the money, they have already enjoyed the huge tax write offs (exploration in Quebec gives Canadian investors great tax write offs, plus many shares issued by previous management were flow-through shares which are 100% tax deductible and were offered at prices as low as 25 cents), or they figure it will take too long for the company to double or triple the value of the shares. Who really knows. What I do know is that there are very few junior companies:1. with 500,000 ounces of gold that only have 37 million shares out.2. 12 gold zones on one property that are almost downtown Val d’Or which is the mining center of the camp and that provides complete infrastructure support including personnel, milling, equipment, expertise, etc. 3. that have just over 100,000 ounces in non-compliant resources which we will make compliant over the next 18 months4. that has a professional geological team living in the community overseeing all facets of exploration,5. which has moved from an exploration focus to one of building ounces of gold and at the same time enhancing the category of their resources, working towards starting the environmental studies and then pre-feasibility.6. that are waiting for 3 more zones to have resource calculations completed this year with a fourth one likely early next year. Our property is next to the Sigma mine and pit which has produced 4.7 million ounces and have reserves and resources of 5.5 million ounces, and next to the Lamaque mine which produced 4.5 million ounces. To the south of us is Agnico-Eagle’s Goldex mine with 3.4 million ounces and to the west Osisko with 10.7 million ounces in reserve with production just starting plus 7 mines in operation within 30 kms of Val d’Or. We are moving ahead with our plans as outlined in our news release and also in the Mineral Resource report summary. Both can be found on our website at www.integragold.com I see great things ahead for us. Having 500,000 ozs with additional resources being added this year from 3 other zones and other zones in the new year is something I look forward to with anticipation. We have moved from strictly being an exploration company to one focused on working towards production. By the way, now is agreat time to buy. The share price is greatly undervalued. If we were to value gold in the ground in a range between $50 to $80 per ounce we should be trading between $.65 and $1.04. Because we are next to supporting infrastructure I would value the gold in the ground somewhere around the $75 mark and as we raise our inventory categories this would be raise the value. I have attached an interview I did yesterday which might be of interest to you. http://rblcommunications.com/webcas ts/Integra/ICG28june2011/ICG28june2011.h tml I appreciate your support in Sweden and hope that we can have a long future together. Thank you John de JongCEO/President
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