Ann: Drilling Completed at 100% Owned Ground, page-2

PROGRESS UPDATE ON STEP OUT DRILL PROGRAM ALONG STRIKE FROM MAIBELE NORTH RESOURCE FURTHER MASSIVE, SEMI-MASSIVE AND STRINGER SULPHIDE INTERSECTIONS IN NEW DISCOVERY ZONE
HIGHLIGHTS PL 110/94 MAIBELE NORTH JV WITH BCL

 A further 4 step-out holes completed in early November 2015 with numerous sulphide intersections returned,
including: New Discovery Zone Along Strike o 4.37m
– Massive, semi-massive and strongly disseminated sulphides (MARD0146)
Including:  0.15m massive sulphide (1.04m + 0.35m)
 0.86m cumulative thickness semi-massive sulphide (0.72m + 0.14m)
o 2.1m – Massive and stringer sulphides (MARD0148)
Including:  0.29m massive sulphide o 0.83m
– Strongly disseminated and stringer sulphides (MARD0145)

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