Ann: Binding Heads of Agreement with Mungana Gold, page-8

re: Ann: Binding Heads of Agreement with Mung... The announcement effectively means;

KZL shares in MUX cancelled w/ approx 2m shares left... administrator can sell these onto the open market if the price rallies on this announcement helping to fund the administration process.

KZL gets everything in QLD

MUX gets everything in SA

KZL debt to MUX forgiven (2m)

Potential legal tussle over KZL previously mining MUX resources that had not been formally classified as 'base metals deposits' under the GRA is forgotten