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Ashby Corporation Ltd. Notice Of Acquisition

Ashby Corporation Ltd. (previously known as ImuMed International Ltd.) is pleased to announce that, as of June 4, 2003, it acquired all of the allotted and issued share capital of Gold Rock Enterprises Ltd. ("Gold Rock"), a company incorporated in the Bahamas.

Gold Rock has been established to develop a Film and Television Production and Post Production Center, Music Recording Facility, Movie Them Park, hotel, retail and other ancillary facilities in the Bahamas.

Consideration for the acquisition of Gold Rock consisted of the issue and allotment of 93,294,781 of the Company's shares to the sole shareholder of Gold Rock. After the issue of shares, the sole shareholder of Gold Rock will hold 93.29% of the issued and outstanding share capital of the Company.

The acquisition of Gold Rock has been approved by the directors of the Company pursuant to a unanimous written resolution dated 29 May, 2003.

Trading in the shares of the Company on the Bermuda Stock Exchange ("BSX") was suspended at the request of the Company on 17 April, 2001, as the Company did not have a sufficient level of operations to warrant the continued listing of its securities on the BSX. The Company is in the process of applying to the BSX for its suspension to be lifted subsequent to the completion of the above acquisition of Gold Rock.

This Notice is given in compliance with the BSX Listing Regulations covering disclosable events.