Ganajur Gold Project – Awaiting Grant Notification Letter from Government of Karnataka – Lodging of Writ of Mandamus before the Hon”ble High Court of Karnataka Seeking Positive Direction

We write to intimate that Deccan Exploration Services Private Limited (DESPL), our wholly-owned
subsidiary has yesterday (December 10, 2018) lodged a Writ of Mandamus before the Hon’ble High
Court of Karnataka seeking a positive direction to the Government of Karnataka to issue the Grant
Notification Letter and subsequently execute the Mining Lease for DESPL’s Ganajur Gold Project.

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