All about SOLG, page-22

Tues 20 June 2017

******Cornerstone Resources [TSX]- 15% Holder of the Cascabel Licence via ENSA.
[Solgold own 85%]*********

<>Ref: 28 July 2016 Cornerstone Presentation
"Partner Solgold is funding 100% of project to finalization of a Bankeable Feasibility Study."

<>Ref: 19 Feb 2013 -Announcement:"Cascabel Copper Porphyry Earn-In-Agreement
Re-Negotiated."

"If Cornerstone FAILS to fund its share of ongoing expenditure following completion of BFS and its interest is diluted below 10%, such interest will be converted to a 0.5% Net Smelter Return[NSM]."

"Solgold may buy out this and other royalties on Cascabel for payments of US$7.5 million [$3.5 million to buy out 0.5% NSR & $4 million to buy out an underlying 2% NSR to a 3rd party.] "

Solgold may recover Cornerstone*s Carried Cost to Bankeable Feasibility Study from 90% of Cornerstone*s share of Cascabel cash flows."

Link: www.cornerstoneresources.com

<><><> Statistics of Solgold Holders<><><>
Link: www.solgold.com.au

Top Represented Shareholders:
DGR Global 14.48%
Newcrest 10% >Now 15.54% after Ann of 16 June 2017
Guyana Gold^ 8.73%
Samuel Gp 6.23%
[N.Mather]

Shares in Issue 1,432,306,605
Options 45,951,152
Fully Diluted: 1,478,256,257
[31 May 2017 on AIM]

Note: Shares in Issue not adjusted yet for further investment by Newcrest per 16 June 2017 Announcement. Also note Options.
***********************************************************************
Possible Blocking Votes:

DGR Global 14. 48%
Newcrest 15.54% [Per Ann 16 June 2017, Newcrest votes with the Solg board]
Samuel 6.23%
[N.Mather]
______
36.25%
_______

Note: Solgold is London listed on AIM and UK Takeover Code applies.

My Comment:
The above shows that Cornerstone is carried to only to BFS and thereafter, the above agreement kicks in.

Therefore, Cornerstone*s announcement of yesterday, Mon 19 June 2017 may be better understood if one reads the re-negotiated agreement between Solgold & Cornerstone Resources as above.

I am not aware of any further statistics etc so please check for respective sub*s position as I am not a DGR Global holder etc but of the sub.

Sol1, Tues 20 June 2017