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A summary of the Kraku Pester, Korkan and Bigar Hill resource estimates is tabulated below:

----------------------------------------------------------------------------                             TIMOK GOLD PROJECT               INIDCATED AND INFERRED RESOURCE ESTIMATES(1,2)                         Combined Mineralized Zones                              In Situ Resources                      Local Multiple Indicator Kriging                     5m x 5m x 5m Selective Mining Unit----------------------------------------------------------------------------Cut Off Grade                Million                  Au             Million(Au g/t)                      Tonnes               (g/t)         Ounces (Au)----------------------------------------------------------------------------                                     INDICATED RESOURCES----------------------------------------------------------------------------                                        KRAKU PESTER----------------------------------------------------------------------------0.2                            11.37                 0.9                0.330.4                             8.93                 1.1                0.310.6                             6.32                 1.3                0.270.8                             4.63                 1.5                0.231.0                             3.62                 1.7                0.20----------------------------------------------------------------------------                                     INFERRED RESOURCES----------------------------------------------------------------------------                                           KORKAN----------------------------------------------------------------------------0.2                             49.5                 0.8                 1.30.4                             31.0                 1.2                 1.20.6                             20.1                 1.5                 1.00.8                             13.5                 1.9                 0.81.0                             10.0                 2.3                 0.7----------------------------------------------------------------------------                                         BIGAR HILL----------------------------------------------------------------------------0.2                             63.9                 0.9                 1.80.4                             38.0                 1.3                 1.50.6                             26.4                 1.6                 1.40.8                             20.4                 1.9                 1.21.0                             16.5                 2.1                 1.1----------------------------------------------------------------------------                                        KRAKU PESTER----------------------------------------------------------------------------0.2                              8.1                 0.5                0.140.4                              4.4                 0.7                0.100.6                              2.2                 1.0                0.070.8                              1.3                 1.2                0.051.0                              0.7                 1.4                0.03----------------------------------------------------------------------------                                  TOTAL INFERRED RESOURCES----------------------------------------------------------------------------0.2                            121.5                 0.8                 3.20.4                             73.4                 1.2                 2.80.6                             48.7                 1.5                 2.40.8                             35.2                 1.9                 2.11.0                             27.2                 2.1                 1.9----------------------------------------------------------------------------1.  The effective dates of the mineral resource estimates are: Kraku Pester,    9th January 2013, Korkan, 30th October 2012 and Bigar Hill, 30th June    2012.2.  See notes 2 to 5 in the Kraku Pester Resource Estimate table above.