Update on Company Operations

Update on Company operations
(1) Ganajur Gold Project – payment of 40% acquisition cost to KIADB
We are very pleased to report that as noted in our earlier Update of April 4, 2018, our subsidiary
Deccan Exploration Services Private Limited (DESPL) has paid an amount of Rs. 6.82 crore
(inclusive of 10% of processing fee) to Karnataka Industrial Areas Development Board (KIADB).

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