Ann: Crown Ridge Free Gold Zone and Significant Porphyry Target, page-4

Management Commentary

Gold Mountain’s Director – Exploration, Matthew Morgan stated: “The combination of supportive 3D
Geophysical results that indicate potential multiple shallow free gold mineralisation zones, underlain by a
large porphyry target, as well as visible gold and some platinum concentrates recovered from more than
92% of the bulk sample pits, demonstrates that Crown Ridge’s geology is compelling and we are only just
starting to recognise its potential value.
“With 48 of 52 bulk sampling pits (Priority 1 Zone) producing visual free gold, the area is proving highly
prospective for potential shallow economic production. Shareholders should also note that, due to the
presence of very high levels of free visible gold across an area of greater than one square kilometre, Gold
Mountain has moved straight to a bulk sampling phase and bypassed in the short term the need for an
extensive and costly drilling program. This alone reflects the highly prospective nature of Crown Ridge and
demonstrates that we can unlock significant value much more quickly.
“The initial 3D survey results are also highly encouraging and give us a much clearer picture of Crown
Ridge’s geology. The identification of what could be a large porphyry target adds yet another element to the
project.”

Supervising Geologist, Mr Douglas Smith, added: “The preliminary bulk sampling results to date are
highly encouraging and our focus now is to take the bulk sampling program to the second phase. We can
only anticipate that once the portable test plant concentrator arrives on site at Crown Ridge, and
mechanical sampling commences, gold and platinum recoveries will be significantly higher than what they
are now.
“Forty-eight out of fifty-two completed pits in the Priority 1 area produced plentiful free visible gold in
concentrates. It is quite remarkable that the pits to date are only two metres deep, and the more pits we
dig, the more gold we are finding.”