Maroon Gold and EUC, page-4

Page 37:

AGATE CREEK, TRIBUTE MINING & PROCESSING OPERATION

Maroon Gold Pty Ltd and Laneway Resources Ltd (ASX: LNY, Laneway) entered into a Tribute Agreement on 8 October 2018 for the Agate Creek Gold Project (Agate) which is located approximately 40km south of Forsayth and 60km west of Kidston in North Queensland.

Maroon Gold held both the Operator and Senior Site Executive roles for Agate. Maroon, as the operator, is responsible for all mining, transportation and processing activities.

Laneway stated in their Quarterly Activities Report for the period ending 30 September 2019 that ~70,000t of ore was processed through the Blackjack Processing Plant at an average grade of 7.3g/t Au with gold recoveries averaging 97% for just under 16,000oz Au produced.|

Maroon Gold received the first 3.5g/t of the head grade to cover costs, and the balance of the head grade (as reconciled on bullion production) as revenue was divided 60% for Laneway Resources and 40% for Maroon Gold.