Nelson Resources Limited - s. 83

Headnote

Section 83 of the Securities Act -- Issuer ceased to exist as a separate corporate entity upon merger -- All outstanding shares of Issuer were cancelled -- Issuer deemed to have ceased to be a reporting issuer.

Applicable Ontario Statutory Provisions

Securities Act, R.S.O. 1990, c. S.5, as am. s. 83.

February 1, 2006

Attention: Martin B. Mix

Dear Sirs / Mesdames:

Caspian Investments Resources Ltd. has applied on behalf of the Applicant as the Applicant's amalgamation/merger successor, to the Ontario Securities Commission (the "Commission") for a decision under s.83 of the Securities Act (Ontario) (the "Act") to be deemed to have ceased to be a reporting issuer in Ontario.

Caspian Investments Resources Ltd., as amalgamation/merger successor of the Applicant, has represented to the Commission that:

1. the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in each of the jurisdictions in Canada and less than 51 security holders in total in Canada;

2. no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 -- Marketplace Operation;

3. the Applicant is applying for relief to cease to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer; and

4. the Applicant is not in default of any of its obligations under the securities legislation of Ontario as a reporting issuer,

The Director is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant is deemed to have ceased to be a reporting issuer under the Act.