Update on Tanzanian Projects

We write to present the following Update on our Tanzanian Projects. Shareholders would be aware that Deccan Gold Mines Limited (DGML) signed a term sheet on 29th September 2020 with Grapeak Miners (Tz) Limited and Aquarius Plus ( Tz) Limited, both companies registered and incorporated in Tanzania for acquiring 8 PL blocks that were recommended by the Commissioner of Minerals and Mines, Ministry of Minerals and Mining Commission, Tanzania in favour of these two companies.

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