Dear Shareholders

We are pleased to inform you that during the Extraordinary General Meeting (EGM) held on Wednesday 12 April, the resolution to approve the Board of Directors to enter into equity investment with investors has been passed by the shareholders. The investment will be used to finance the development of Wateranga Project under Mining Lease 80116 area to bring significant benefits to all shareholders.

The Board of Directors is now authorized to enter into agreements with investors for equity investment in the company. The Board will evaluate all investment opportunities carefully and ensure that the interests of the company and the shareholders are protected.

We would like to take this opportunity to thank you for your support in this matter. We believe that this investment will help us to achieve our long-term goals and increase the value of the company for all shareholders.

Should you have any questions or require further information, please do not hesitate to contact us.

Yours sincerely,

David Li

CEO

HTL