Update on Ganajur Gold Project & other developments

Deccan Gold Mines Limited(“DGML”) (BSE Script Code:512068) is pleased to advise that the internationally reputed Geological and Mining Consultant referred to in our earlier release dated June 13, 2016, is Snowden Mining Industry Consultant referred to in our earlier release dated undertaking bankable feasibility studies (FS) for the Ganajur Gold Project of ti’s subsidiary Deccan Exploration Services Private Limited (DESPL). We are also pleased to inform that the team from Snowden visited the Ganajur Project recently as part of their studies to get firsthand ¬†experience of the project and also for undertaking due diligence and review of the information provided by DESPL> The team included a Mining Engineer / Manager, Resource Geologist, Geotechnical Engineer and an Environmental and tailings specialist. Snowden has expressed satisfaction at the level of work being carried out by DEXPL and the potentiality of the project as a whole.

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