Ann: Manono Project Due Diligence Update, page-8

This is all that matters to me at this point.

There is currently pending in the DRC Supreme Court of Justice (DRC SCJ) an action for annulment of the Ministerial Order which cancelled the mining right (PE 12202) previously held by a third party named Manono Minerals Sarl (Manomin) in respect of the area covered by PR 13359. It is the opinion of the legal adviser that “In light of the facts in this case, the chances of a ruling in favour of Manomin appear very slight”. In addition, the existence of this litigation does not affect the ability of Cominiere to dispose of PR 13359 or enter into a joint venture arrangement with third parties for the exploration, development and mining of this tenement.

Further, if the DRC SCJ finds that PE 12202 had been wrongly forfeited and, as a consequence, the decision of the DRC Minister for Mines should be annulled, the annulment decision would be treated as if it had never been enacted or issued, but as a rule, when a decision is annulled by the DRC SCJ, the annulment is subject to certain exceptions including whether the annulled decision had been used as the basis for adoption of another administrative decision. The effects of the annulled decision cannot alter the rights of third parties, and any decision declaring the ministerial order invalid would not extend its effect to the subsequent administrative decision which granted PR 13359 to Cominiere, and it would be for the administrative authority to decide what compensation, if any, should be granted to Manomin as a consequence of the wrongful forfeiture of its tenement.