cvi angola, page-3

From a previous CVI release in March 2008

Secuity of Mining Title

Fortitude Minerals is currently seeking to extend and renew the licences in which it has interests to include not only further exploration but also mining. This is being undertaken with the agreement of the Minister of Geology and Mines. The new concession agreements will be signed by the Minister and then endorsed by the Council of Ministers.

The exploration and mining for metals and minerals are administered in Angola directly by the Ministry of Geology and Mines.

Fortitude Minerals’ operations are also being registered under the Angolan ANIP process to ensure that all expenditure on the mineral areas is fully credited against its licence commitments.