Fortitude Deposit Clearing Permit Granted

• The approvals process is well on track with the granting of the Mining Proposal, Licence to take Ground Water and DER approval to discharge groundwater expected shortly Executive Chairman Paul Poli Director Frank Sibbel Director & Company Secretary Andrew Chapman Shares on Issue 144.7 million Unlisted Options 17.02 million @ $0.25 - $0.30 Top 20 shareholders Hold 54.64% Share Price on 16 January