Ann: Project Updates, page-3

Justyn Wood, CEO Commented:
“It’s extremely pleasing to have completed the drilling stage at Mbelele-2 on time and safely, and
with excellent borehole conditions so that we can now proceed to confidently collecting the data we
need to define the helium associated with the Mbelele structure. Early indications are excellent and
consistent with the results to date at Mbelele-1.”
Significant helium increases in the mud gas have confirmed multiple zones of interest in the Mbelele2 wellbore, including some pre-drill zones of interest and additionally open-fractured basement,
where the highest mud gas helium readings were encountered at multiples of background.
The wireline logging and sampling program is currently underway and preliminary results expected
to be available in the near-term. The well will then be lined and suspended to allow for potential future
flow testing after the coming wet season