Ann: Notice of 2017 General Meeting and Proxy Form, page-13

An initial list of questions I have:

1. How are the funds from the finance tranches used?
2. When can the financier start converting notes?
3. Further explain the amounts of the loans to the mining operation? How are these offset against Mustang's royalty costs to Regius?
4. What proportions of gems recovered from LM01 are High Quality? Is stockpiled material for March also from this location?
5. Provide more explanation of the grading and sorting process pre-auction in terms of timeframes for activity at mine site and activity at the auction location.
6. What is the production target for the March auction? Acknowledge that material is being stockpiled but do you anticipate this will be lower due to the wet season?