Cautionary Statement

The tonnage and grade estimates stated for Skroska and Rehova projects are historic in nature and were obtained from the records at the Albanian Geological Survey. The estimates done being based on Russian reporting system are roughly equivalent to the National Instrument 43-101 inferred category. No qualified person has done sufficient work to classify the historical estimates as current mineral resources. The Company considers the historical estimates relevant in guiding exploration efforts and planning although the Company is not treating the historical estimates as current mineral resources. The Company will need to undertake a comprehensive review of available data, including further drilling, to verify the historic estimates and classify them as current resources.

Jose Mario Castelo Branco, EuroGeol, a Qualified Person under the meaning of Canadian National Instrument 43-101 and Chief Geologist of the Company is responsible for the technical content in this website.