'sundance closes on new partner

“Sundance closes on new partner”, the
Australian Financial Review speculated that Sundance could partner a Chinese group.
The article correctly reported that Sundance was “actively courting” potential investors in the Mbalam Project. Whilst confidentiality agreements preclude the
release of information on these parties at this time, we can confirm that a number of parties have visited Cameroon to assess the Project including representatives of
Chinese industry groups as well as representatives from international steel producers, trading companies and mining majors from other regions. If and when
any of these discussions become definitive, Sundance will make further public statements.
The Mbalam Project supports a world-scale resource which requires a strategic view of commodities markets and pricing. Recent corporate investment initiatives
by Chinese steel industry groups in the resource sector shows that there continues to be recognition of value for long life, high quality projects such as the Mbalam
Project.