East China Nonferrous Metals Exploration and China-Africa Development ** Sign Strategic Agreement

On July 14, 2011, Chi Jianxin, President of China Africa Development Co., Ltd., and Shao Yi, Director of East China Nonferrous Metals Exploration Bureau, signed a strategic cooperation agreement.

China-Africa Development ** is an equity investment sponsored by the China Development Bank. It is committed to encouraging and supporting Chinese companies to develop cooperation with Africa, to promote economic development and improvement of people’s livelihood in Africa through a market-oriented approach, and to provide management for non-investment companies. , consulting, financial consulting and other services. In the short period of several years since its founding, China-Africa Development ** has played an important role in helping Chinese companies invest in Africa.

At the signing ceremony and the two parties' meetings, Chi Jianxin, president of the East China Nonferrous Metals Exploration and Development Bureau, highly praised and appreciated the rapid development and leading technical strength of the East China Nonferrous Metals Exploration Bureau in recent years. He believed that the two sides could form a joint venture company and use the project as a whole packaged or cooperated with me. Various methods such as the equity cooperation at the level of the overseas listed companies have utilized the technological advantages of East China Nonferrous Metals in the exploration and development of minerals and the financial advantages of China-Africa to jointly explore the African mining exploration and development market. China-Africa ** has expressed great concern over projects such as Yankuang in Africa for GLOBE, a company controlled by East China Nonferrous Metals Exploration Bureau.

According to the agreement, the two sides will conduct comprehensive cooperation in such fields as risk exploration, mining development, technical consultation and personnel exchanges. After the signing of the strategic cooperation agreement, the two sides stated that they must earnestly push forward the cooperation of specific projects and strive to achieve fruitful results as soon as possible.