Update on Company Operations 20th November,2017

Update on Company’s operations

We present here under an update on the Company’s operations.
(1) Ganajur Gold Project Issue of Grant Notification Letter

From our follow-up and discussions with the Law Department, Government ofKamataka, we
are very pleased to inform that the Deputy Secretary I Senior Civil Judge responsible for
providing opinion on matters that are referred to the Law Department, has finalised his
opinion on the Ganajur Mining Lease (ML) file.

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