Common use of Representations, Warranties and Covenants of Party A Clause in Contracts

Representations, Warranties and Covenants of Party A. 2.1 That Party A warrants that Party A is the mining tenement holder of valid alluvial gold mining licenses known as ML296-301 and ML278 totalling approximately 26 hectares located in Wau, Morobe Province, Papua New Guinea and is bounded by straight lines joining the geographical co-ordinate points tabulated herein: Point No Easting Northing 1 146˚42’51.79176”E -7˚20’4.233516” N 2 146˚42’48.87864”E -7˚19’55.946964” N 3 146˚42’48.35304”E -7˚19’56.785944” N 4 146˚42’43.05708”E -7˚20’0.805452”N 5 146˚42’37.50444”E -7˚20’3.119028”N 6 146˚42’51.35.019”E -7˚19’56.132112”N 7 146˚42’35.514”E -7˚19’54.369408”N 8 146˚42’33.96168”E -7˚19’53.602644”N 9 146˚42’22.00752”E -7˚19’58.602612”N 10 146˚42’22.76856”E -7˚20’0.126816”N 11 146˚42’26.50608”E -7˚20’10.829112”N 12 146˚42’39.46176”E -7˚20’8.729376”N Party A initials Page 3 of 8 Party B initials

Representations, Warranties and Covenants of Party A. 2.1 That Party A warrants that Party A is the mining tenement holder of valid alluvial gold mining licenses known as ML296-301 and ML278 totalling approximately 26 hectares located in Wau, Morobe Province, Papua New Guinea and is bounded by straight lines joining the geographical co-ordinate points tabulated herein: Point No Easting Northing 1 146˚42’51.79176”E -7˚20’4.233516” 146042'51.79176"E -7020'4.233516" N 2 146˚42’48.87864”E -7˚19’55.946964” 146042'48.87864"E -7019'55.946964" N 3 146˚42’48.35304”E -7˚19’56.785944” 146042'48.35304"E -7019'56.785944" N 4 146˚42’43.05708”E -7˚20’0.805452”N 146042'43.05708"E -7020'0.805452"N 5 146˚42’37.50444”E -7˚20’3.119028”N 146042'37.50444"E -7020'3.119028"N 6 146˚42’51.35.019”E -7˚19’56.132112”N 146042'51.35.019"E -7019'56.132112"N 7 146˚42’35.514”E -7˚19’54.369408”N 146042'35.514"E -7019'54.369408"N 8 146˚42’33.96168”E -7˚19’53.602644”N 146042'33.96168"E -7019'53.602644"N 9 146˚42’22.00752”E -7˚19’58.602612”N 146042'22.00752"E -7019'58.602612"N 10 146˚42’22.76856”E -7˚20’0.126816”N 146042'22.76856"E -7020'0.126816"N 11 146˚42’26.50608”E -7˚20’10.829112”N 146042'26.50608"E -7020'10.829112"N 12 146˚42’39.46176”E -7˚20’8.729376”N 146042'39.46176"E -7020'8.729376"N Party A initials Page 3 of 8 Party B initials