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Update on Merger with Polymetals - Notice of Meeting

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Marda Project<br />

• Rare greenfields gold project in Australia.<br />

• Targeting 50,000ozpa.<br />

• Sandst<strong>on</strong>e gold plant and camp acquired from Troy<br />

Resources in 2012 to be relocated to Marda.<br />

• Well advanced project:<br />

• Positive Feasibility Study completed May 2012;<br />

• Sandst<strong>on</strong>e acquisiti<strong>on</strong> announced August 2012;<br />

• Indicative term sheets received from financiers;<br />

• Envir<strong>on</strong>mental approvals in progress.<br />

• Low Capex, High operating margins.<br />

• Outstanding explorati<strong>on</strong> upside.<br />

• Underexplored Evanst<strong>on</strong> Shear z<strong>on</strong>e at Marda ideal for new<br />

gold discoveries

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