Update on Company Operations

(1) Ganajur Gold Project – Issue of Grant Notification Letter I LoI
We are very pleased to report that the Ganajur ML application file has been cleared by the
Principal Law Secretary, Law Department, Government of Karnataka to whom it was
referred to for final approval of the opinions, positive in nature, on compliance of the file
with the provisions of the Mines and Minerals (Development & Regulation) Act, 1957
(MMDR), provided by the Deputy, Additional and Special Secretaries in the normal course
of progression of the file within the Law Department.

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