Ann: Acquisition of Tenement Package, page-2

ACQUISITION OF TENEMENT PACKAGE
Dragon Mountain Gold Limited (“DMG” or “the Company” is pleased to advise that it has
acquired a package of tenements.
The tenements comprise 23 Prospecting Licences covering 40km2 located within the Cawse
envelope. Details of the tenements are included in the Annexure. The ground sits
northwest of Kalgoorlie alongside our Cawse interest.
Company Geologist, Tim Leonard, commented “the Company considers that these
tenements may be highly prospective for gold that are within the Gordon’s Project on the
granite ultramafic boundary alongside our existing Cawse interests South of Ora Banda
Road”.
The tenements are owned 100% by Sleeklines Holdings Pty Ltd (Sleeklines), which the
Company has acquired through a share purchase agreement. Sleeklines is not a related
party of the Company. In consideration for acquiring 100% of the issued capital of
Sleeklines, the Company has issued the vendors 1,000,000 Shares in the Company
(Consideration Shares) and made a cash payment of $300,000 as a reimbursement for
exploration costs on the tenements incurred by Sleeklines.
The Consideration Shares are subject to a 12 month voluntary escrow period from the date
of issue and will be issued out of existing capacity under ASX Listing Rule 7.1. Shareholder
approval will not be sought to this transaction.
More information with respect to the Consideration Shares is set out in the Appendix 3B
that accompanies this announcement.
This release has been approved by the Board.
Robert Gardner
CHAIRMAN