Quarterly Activities Report

Highlights:

Buena Vista:

• Drilling and surface sampling started and completed on outcrops.
• Feasibility study refresh by Samuels Engineering started and completed
• Scoping study results published
• Stockpile sampling and testing completed

DRI Grade Concentrate, Pig Iron and Biochar:

• Anglo American enters into concentrate offtake MOU
• Midmetal enters into MOU for pig iron project in Saudi Arabia

Corporate:

• New York based EGS lawyers appointed to advance dual listing.
• Appointment of New York based EAS Advisers
• $2.65M Raised for Buena Vista Project