sp, page-36

Hi Q,

Also from the Orinoco Gold website - https://www.orinocogold.com/company-profile/overview

' AngloGold Ashanti became a major shareholder in February 2017, under which AngloGold invested approximately A$5.9 million to secure a 15 per cent stake in Orinoco. In addition, AngloGold agreed in a Memorandum of Understanding (MOU) to enter into a US$9.5 million exploration joint venture (JV) on Orinoco’s broader Faina Project tenement portfolio, excluding the Cascavel Gold Mine (Cascavel). This JV is currently in negotiation and yet to be finalised'

The new management team have repeatedly made it very clear that the proposed JV is currently under negotiation. The 'right to negotiate' is NOT a binding agreement for anything - let us try not to leave out any relevant facts.

IMO a JV with Anglo could be a 'game changer' but it has to be a win-win for both sides. GLTA.