Entering Into A Non-Binding Mou With Tally Ltd With Regard To Acquire Its Stake In Finland Gold Projects

We write to intimate that Deccan Gold Mines Limited (“DGML”) has entered into a non-binding
Memorandum of Understanding (MoU) with Tally Ltd., Guernsey, Channel Islands (“Tally” formerly
known as Kolar Gold Ltd) to provide an exclusive period up to and including April 30, 2022 to enable
DGML to complete due diligence and commercial negotiations and documentation to acquire Tally’s
interests in gold projects in Finland. Details are as under.

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