Clogau Waste Tip Gold Results

- Trenching programme has collected 35 tonnes of fines material to date

- Refined Gold results expected in June - received ahead of schedule

- Significantly (20x) better results than previous bulk gold concentrates

- Significantly enhancing the economic viability of the Waste Tip

- Trenches 1, 3 and 4 returned a total of 5.1 grams of gold

- Refining of a Gold concentrate extracts the entire Au content from the concentrate rather than merely sampling it

- Refinery Au production retuned grades up to 17g/t

- Future Gold concentrates to be refined in the same way

"This refinery gold production, which has returned grades of up to 17 g/t, has vindicated our decision to undertake another round of trenching over the Waste Tip and our instinct that the previous laboratory results had underrepresented the gold content of the tip. Once we have completed the processing of this batch of 33 tonnes of fines from the Waste Tip within our onsite processing plant, we intend to send the gold concentrates produced for refining in the same way."

George Frangeskides, Executive Chairman