ASCHMOUN GROUP!

This Announce is intended solely to the Shareholders of:

EMPRESA MINERA AG, Group of Companies.

If you are/been (Preference / Bearer) Shares Holder of the said Group of Companies, our Offer is one click away from you!

LETTER OF INTENT

Re: Purchase of Share Assets of EMPRESA MINERA (Bergbau) AG, Group of Companies (the “Business”).

Please accept this letter as a sincere expression of our intent to negotiate in good faith for the purchase of all of the shares and securities of the Business upon Terms & Conditions, stated in the Protocol of Intent.

The Buyer will be ASCHMOUN (UK) LIMITED.

The Purchased Assets will be all the shares and securities of the Business. By acquiring these shares and securities, the Buyer will acquire all the assets and year to date profits of the Business (as at liquidation date interim 11.01.2016 Financial Statements attached), and will assume all liabilities of the Business. Buyer further agrees to ensure that any personal bank covenants relating to the business that the current Shareholders may have are removed.

Proposed Timetable:

1. Negotiation and execution of the Protocol of Intent: July 29, 2016.
2. Delivery of Buyer’s Due Diligence List: August 19, 2016
3. Commencement of Due Diligence: August 22, 2016
4. Presentation of first draft of Definitive Agreements (prepared by Buyer): September 30, 2016
5. Closing, 5 business days after delivery to Buyer of Audited Financial Statements
6. Effective Date of this transaction November 30, 2016.