| Hello Everyone We have an update out today with additional drill results from the PDM target at our Cuiu Cuiu gold project in Brazil. Here are Alan’s thoughts. 1. Last week we announced that we had secured a US$45M gold loan to finance the construction of our Stage 1 gold-in-oxide heap leach starter operation. This was probably the most important press release in the company’s history. In that release, and all of our recent interviews, we promised that we would continue with the exploration drilling program targeting expansion of the much larger hard rock resource and the results we released today are part of that ongoing exploration program 2. The PDM target is a very strong gold-in-soil anomaly which is located 2.5km NW of the Central gold deposit. Significant amounts of placer gold were mined historically from the streams draining both the Central gold deposit and the PDM target. Currently there is no hard rock resource at PDM due to insufficient drilling 3. The headline drill result from today’s press release is 23.3m @ 4.7 g/t gold from 57m depth in hard rock including 1m @ 91.3 g/t gold and 1.1m @ 8.1 g/t gold in DDH346. This appears to be the same mineralized zone previously intercepted in drilling previously completed 100m to the NW which returned 8.5m @ 5.1 g/t gold including 0.7m @ 30.4 g/t gold, and is one of four mineralized zones thus far identified in fresh intrusive rocks below the gold-in-oxide blanket at PDM 4. The mineralized zone intersected in DDH346 remains open down dip and along strike to the SE and to the NW 5. Having recently demonstrated that the near-surface gold-in-oxide blanket at PDM is significantly larger than we originally thought (see press release dated September 25, 2025), we expect more results in the underlying intrusive rocks. This should auger well for the presence of a significant underlying hard rock gold resource at PDM 6. Drilling is continuing at Machichie Main and Machiche NE, and also at the Mutum target which is located 500m SE of the PDM target, so expect more exploration drill results in the coming weeks, as well as news regarding our progress on the construction of the Phase 1 starter operation | 
