(b) Discussions with Superior Gold As part of its evaluation of...

(b) Discussions with Superior Gold As part of its evaluation of the Marymia-Plutonic gold belt, Catalyst has evaluated numerous regional opportunities. As noted in section 2.3 above, this includes ongoing commercial discussions with Superior Gold, which owns the operating Plutonic gold mine adjacent to the Marymia Gold Project.Any such future transaction would be accompanied by the risks commonly encountered in transactions of resource projects, including due diligence risks, pricing risks, execution risks (including the incurrence of potentially significant transaction costs) or dilution risks. In the present case those risks are exacerbated by the preliminary nature of discussionswith Superior Gold and the absence of agreement on any commercial terms. Accordingly, Vango Shareholders are cautioned not to place any reliance on the potential for further Marymia-Plutonic Gold Belt consolidation when making decisions in relation to the Offer or an investment in Catalyst.