Ann: COOLGARDIE PROJECT UPDATE, page-2

Very quiet here?
"COOLGARDIE PROJECT UPDATE  Primary Gold remains on track for Q4 commencement of mining at Coolgardie  PFS based on 3 starter pits progressing well with only final costing detail for mining and milling outstanding  Several processing options still being assessed  Tenders for mining and haulage sent to prospective contractors  Site visits conducted for drill/blast, mining and haulage  Tender submissions due end of June for assessment and inclusion in final costings  Final approvals applications for mining to be submitted early July  3 priority zones of exploration potential identified by Primary Gold for near term follow up for project growth  70% of tenement package still to be assessed PFS NEAR COMPLETION ON INITIAL STARTER PITS The prefeasibility study on the initial Coolgardie Project starter pits of MacPhersons, A Cap and Tycho is progressing well with final detail on processing costs and contractor mining costs still to be received. The complete PFS results and decision on mining contractor and timing is due early Q3. Mining contractors, including drill and blast, mining and haulage, have been invited to tender on the mining schedule and a site meeting was recently conducted to facilitate this process. Tenders are due back by end of June. ON TARGET TO COMMENCE OPERATIONS Primary Gold remains on target to commence operations at Coolgardie in the December quarter 2017 on the initial starter pits. The Mining Proposal and Project Management Plan will be submitted to the Department of Mines and Petroleum in early July for approval to mine. Clearing permits, prescribed premises and ground water extraction licences have already been submitted to the relevant authorities for assessment.