Ann: DD on Keel Zinc Completed and Option Agreement Proceeds, page-2

Preliminary review of historic drill data delivers initial Inferred Mineral Resource estimate of 6.9 Mt at 5.6% Zn and 0.8% Pb, no silver assays taken from historic drilling

Ram notes that high silver grades were returned from drilling by Lundin Mining in campaigns from 2005-2012, and had been reported in a historical resource estimate (American Smelting and Refining Company, 1971) at the project. Ram will assay for silver in the upcoming drill programme.

Ram’s maiden resource drilling programme is expected to commence in late April 2017

Diesel...