Ann: 2020 Annual Report and Appendix 4E, page-2

Has anyone read the introduction to the Annual report.

Looks like well be a copper miner as well. DOOM!

-----------------------------
The La Demajagua mine will become the cornerstone for the Company’s planned growth
in the region and we have commenced negotiations to acquire 49% ownership of several
highly prospective copper/gold properties on the mainland that could provide a
pathway for future growth.

One of these is the Golden Hills sulphides project near Camaguey in Central Cuba which
encompasses three relatively small oxide deposits underlain by a large interconnected
VMS structure that was discovered by MacDonald Minesfrom Canada in the 1990’s. The
shallow oxide caps have been mined by GeoMinera with the underlying sulphides being
attractive for Antilles Gold because of their potential to produce large volumes of gold
concentrates.

Between 1995 and 1998 MacDonald Mines drilled approximately 200 holes into the VMS
deposit, which is outcropping at the surface, the results of which will be made available
to Antilles Gold after an agreement is signed with GeoMinera for the Company to
undertake a Preliminary Economic Assessment to Canadian NI43-101 standard which, if
successful as is expected, would lead to the negotiation of a joint venture agreement to
conduct feasibility studies prior to the development of a mine to produce and sell
concentrate.

Antilles Gold’s consulting geologist for this prospect who was involved with MacDonald
Mines in the original exploration of the Golden Hills deposits is in possession of extensive
related data, and is highly enthusiastic about the potential and scale of the sulphide
deposit.

The agreement with GeoMinera is expected to be signed in the near future.