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Will the existing relationship between Cameroon and China prevent the mining permits from
being granted if a Non-Chinese entity made a successful higher bid for Sundance? What
safeguards, plans or clauses are in place to prevent a situation like this from occurring?


The Mbalam Convention will be entered into between Cam Iron, a wholly owned subsidiary of
Sundance Resources, and the Government of the Republic of Cameroon. An Enabling Act which is
passed by the National Assembly of the Republic of Cameroon will ensure that the Convention is
binding on the State. The Congo Mining Permit is also to be granted to Sundance’s subsidiary
Congo Iron in relation to the Nabeba Project in the Republic of Congo. Therefore it will be Cam
Iron and Congo Iron that will develop the Project in Cameroon and Congo. There is no condition
imposed by the Cameroon and/or the Congo government that the controlling entity of Cam Iron
or Congo Iron shall be a Chinese entity