Exclusion of liability and limitation of documents - applies to all made accessible, delivered and published information of any kind and in all media

This confidential document, e.g. feasibility study, information memorandum, presentation, e-mail or website, was created with the aim of providing additional information about the project for the customer (hereinafter "company") and project (hereinafter "project") interested parties to make available, who have committed themselves in a separate confidentiality agreement to maintain silence.

Evagor gmbh (hereinafter "consultant") has the exclusive permission to pre-negotiate all preparations, details and contracts for the project.

The advisor would like to point out that no final investment decisions should be made on the basis of this feasibility study, information memorandum or presentation. This feasibility study, information memorandum or presentation, as well as any other documents and presentations prepared for the project, should not be viewed as comprehensive or complete documents listing all the facts a potential investor needs to know about the company and / or analyze the project.

Both the consultant and the company have compiled this information with the care that is normally used in the preparation of a feasibility study, information memorandum, presentation or information. The consultant has not checked the information for accuracy or completeness. The consultant assumes no responsibility for incomplete or incorrect information. The results of this feasibility study, information memorandum, presentation or information are based on information from the company, equipment suppliers, banks, specialists and other third parties, as well as from publications. It is therefore recommended that all information is verified, especially through due diligence, before making an investment or using this information.

The company and the consultant are not liable for missing or incorrect information and statements in this feasibility study, the information memorandum, the presentation or other verbal or written comments and information, unless there is gross negligence; In the case of gross negligence, the waiver of liability is only effective if this is legally permissible. Insofar as liability cannot be excluded due to conflicting mandatory statutory provisions, it is limited to the reimbursement of the foreseeable, reasonable, necessary, external costs of the potential investor. All warranty, guarantee or similar claims (derived, for example, from § 280 BGB) are based exclusively on a business contract to be concluded and are only available to the beneficiaries named in the business contract.

This feasibility study, information memorandum, presentation or information was prepared on the basis of information that was available on a specific cut-off date prior to the submission of the feasibility study, information memorandum or presentation. Therefore, it is not possible to guarantee the accuracy of the information contained herein at the time of submission. Any comments regarding future developments are non-binding and represent only the expectations of the company, the consultant or other third party. Of course, there is no guarantee that these expectations will be met. Neither the consultant nor the company, by providing feasibility studies, an information memorandum, a presentation or information, is submitting an offer, proposal or recommendation to conclude an investment or purchase agreement or any other legal transaction in relation to the project, the shares or assets of the Company as described in this feasibility study, this information memorandum, this presentation or in other documents relating to the project.

The feasibility studies, information memorandum or presentation do not contain any such obligation or recommendation for or on the part of the company or the consultant. Neither do the feasibility study, the information memorandum or the presentation contain any representations or guarantees with regard to the existence or non-existence of the facts, rights and obligations mentioned herein. By submitting this feasibility study, information memorandum or presentation, neither the company nor the consultant undertake to give the recipient access to further information. The feasibility study, information memorandum or presentation may not be photocopied, reproduced, published or forwarded to third parties without the prior written consent of the companies and the consultant. This also applies to all files made available.

All communications and questions regarding this feasibility study, the information memorandum, the information and the transaction opportunity presented herein should be directed to the advisor. Under no circumstances may the company the project is about or its employees be contacted directly. All expenses incurred by a potential investor or the company in connection with the analysis and evaluation of the company and / or the project, including expenses for advisory services, are to be borne exclusively by the potential investor. Forward-looking statements include, but are not limited to, statements regarding the future price of raw materials or products, the estimate of raw material reserves and resources, the realization of estimates of raw material reserves or the timing and amount of estimated future production, production costs, determination of the Reserves and the exchange rates of the reserves or of value dates.

In general, these forward-looking statements may be expressed through the use of forward-looking terminology such as "will", "plans", "expected" or "does not expect", "is expected", "budgeted", "planned", "estimates", "projected" , "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases are identified, or it is indicated that certain acts, events or results "may", "could", "would", "could" or "will", "occur" or "be achieved". Assumptions on which such forward-looking statements are based are in turn based on factors and events beyond evagor's control, and there is no guarantee that they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results, level of activity, performance or successes of evagor and third parties (including the customer) to differ materially from those described in such forward-looking statements Statements made or implied, including but not limited to: risks associated with the integration of new projects, risks associated with mining, including political risks and instability and risks associated with international operations, actual results of ongoing E&P -Activities, conclusions of economic evaluations, changes to the project parameters in the course of further refinement of the plan, as well as the factors discussed in the disclaimer on the evagor website.

Although evagor has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that could cause results not to be as expected, estimated or intended . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. evagor does not undertake to update the forward-looking statements contained herein, except in accordance with the applicable securities laws. Reserves have typically been calculated by an independent, qualified person. This information, all field data and notes have been collected and / or prepared by the consultant in accordance with the agreed scope of work and generally accepted engineering and scientific practices in effect at the time the consultant investigated the project.

There is a certain dependency on verbal information that is provided by representatives of the company, the plant or the location and which cannot be easily verified by visual inspection or substantiated by written documentation. The advisor should not be held responsible for conditions or consequences arising out of relevant facts that were withheld, withheld, or not fully disclosed by representatives of the company, facility or location at the time this investigation was conducted. This report and all supporting field data and notes (hereinafter and above collectively referred to as "Information") were created or collected by the consultant for his client. In the event that the client of the consultant or a third party passes the information on to other third parties who use the information at their own discretion and rely on it, there is no liability or responsibility. However, any use of the information or reliance on the information by any party other than expressly named above is solely at the risk of such third party and without legal remedy against the consultant or its subsidiaries and affiliates or their respective employees, officers or directors, regardless Whether the action seeking damages is based on a contract, tort (including sole, simultaneous or negligent and strict liability of the consultant), statute, or otherwise. All figures and data are indicative and may change in the event of more detailed exploration and / or development and implementation of a project. This information may not be used or relied on by any party who does not agree to be bound by the above statement.