https://drive.google.com/file/d/1IZgxAqhEpR3XqfcatTEP9-JFvzR7HGZM...

https://drive.google.com/file/d/1IZgxAqhEpR3XqfcatTEP9-JFvzR7HGZM/view

Update on Tanzania Mining Legislation and Regulations
Magnis’ Tanzanian executives continue to meet with government officials and the Ministry of
Minerals in Tanzania to discuss the benefits and support of the integrated development of the Nachu
Graphite Project coupled with downstream operations of the Special Economic Zone. The exact
impact from the recent regulation changes that form part of the Mining Act in Tanzania on Nachu
requires more details from officials at present and the Magnis team based in Tanzania are working
together with relevant parties to lay the groundwork for suitable outcomes for the Company and
Tanzania.