Ann: Application for quotation of securities - MRZ, page-11

The PBL debacle casts doubt on Ruse's capabilities here.

I have been saying for a long time, we need someone new driving MRZ. Happy for Ruse to stay on as Non-Exec, although an experienced executive / managing director who knows what they are looking for is what MRZ needs.

Another year of snail pace exploration in Quebec for 2024 will only worsen our situation.

The patience is clearly wearing very thin amongst shareholders.

On the positive side of things, MRZ has still maintained well managed cash reserves and tight capital structure, poised for a company making asset acquisition.