Akoase sale update, page-3

ASX Announcement
1 February 2016

Viking has commenced preparation of the necessary applications and documents required to obtain the Minister of Mines approval to the transfer of the Akoase licences to ARL. This process includes making various submissions to the Minerals Commission and obtaining a tax clearance for its Ghanaian incorporated subsidiary. This process is expected to take approximately 3 months from lodgement. It is expected that the completed documents will be lodged in February. Viking does not expect to encounter any abnormal difficulties in obtaining the necessary government approvals.