Ann: Ancuabe Permitting Update, page-26

Great news and expect full mining approvals soon.

MOUs or discussions are with Chinese companies. It is interesting that management has said (as seen in recent video interview) that it would be happy to see a deal with finance signed before the Chinese New Year.

The Chinese New Year in 2019 begins on 5th February, and is the biggest holiday period in China. TON can probably not expect a deal during February. Hence we could expect some good news either within the next 6 weeks or in March/April.

Hopefully many TON investors get back in the black soon, or we have a good reason to celebrate Chinese New Year.