Montagne d'Or

Orea is developing the Montagne d'Or gold deposit of which it holds a 44.9% interest in and which hosts NI-43-101 Proven and Probable Reserves of 2.75 M oz gold (54.11 million tonnes @ 1.58 g/t gold) The results of the BFS demonstrate an open pit mining operation with average annual gold production of 237,000 oz over the first 10 years of mine life at an average grade of 1.73 g/t gold that results in an average AISC of US$749 per oz. There is considerable expansion potential on strike and at depth.