Ann: Appendix 3B, page-21

My anticipation of events to follow:

1. Genorah sells a large portion of their NKP shares to Zijin next week.

2. Zijin registered as the largest NKP holder.

3. Administrative requirements executed and Mining Licence granted.

4. Zijin decides to takeout minorities. At what price is unknown. Most are looking for a min of 25c but would like 35c.

5. Payment made to minorities within 60 days of offer. Option holders get 10c less.

As for timing of events. We can only guess. Still hoping for a quick turnaround before Christmas with money in the bank before Easter.

Risk... offer too low. Blocking stake demands an independant valuation. Lengthy negotiations until a settlement is reached.

As far as mine development and BEE funding etc...I do not care a shit!

Others may have a variation to the above. Go for it.