An unknown buyer entered into a definitive agreement to acquire 70% stake in Sawayaerdun Gold Project for CAD95 million from GobiMin Inc. (TSXV:GMN). Buyer is a subsidiary of a Hong Kong listed mining company, which is an independent third party to the Group. The deal value will result in net proceeds of approximately CAD88 million, after payment of Chinese taxes and transaction related expenses. Transaction is subject to approval from TSX Venture Exchange and is expected to be completed on or before September 30, 2022.