Ann: Annual Report to shareholders , page-11

I re-read the Annual report again and the three items below is the reason I have to keep telling myself that WWI is a worthwhile investment. If WWI can move past the illegals then the future of WWI looks very bright indeed. Even if the illegals are not taken care off, there is still the source of the alluvial gold potential. If both the illegals are sorted (and alluvial mining is commenced) and the first drilling results come in positive then this stock has the potential to be valued at over $100 Million for starters, maybe $200 or $300 Million market cap.

1) Whilst success will ultimately only be
demonstrated by securing full access to the property, significant steps have been taken towards achieving that goal in the not too distant future. In the meantime, West Wits has pressed on with establishing a dedicated exploration camp at a site independent of the artisanal operations to ensure that our exploration program can continue.

2) Your Board is currently formulating plans to realise value from our remaining South African leases
(“the Soweto Cluster”) which have stated JORC resources of 287,000 oz au and significant uranium potential.

3) at Derewo River. Three significant targets have been identified and all efforts are now being made to implement further programs on the ground. Your Board remains
confident that the region exhibits the potential to host world class deposits of the style commonly found in similar settings on the PNG side of the border which dissects the
island of New Guinea. As with PNG before it, Papua presents challenges of both terrain and the man-made variety. However, the successful navigation of those issues promises
to provide West Wits and its shareholders with an increasingly rare opportunity to pursue a modern exploration program in an underexplored region in close proximity to some of the world’s finest gold deposits. That is worth all the effort and time we are investing at
Derewo River.