Orinoco Gold Limited has provided an interim update on ongoing testing and internal reviews of the tailings stockpiles at the Company's Cascavel mine, in Goias State in Brazil. The new management has undertaken to begin a programme of verification of previous results. This release represents a report on part of the programme planned. New management has engaged an independent metallurgist, Mr. Rob Riggir to oversee this work. The Company has received an interim report from independent metallurgist Mr. Rob Riggir on 28 December 2018 on some sampling performed. Incoming management and Board members have now had time to review this report, attempt to reconcile and review past releases on tailings sampling and are providing an update on these results. As a result, the current management and Board's view of the potential of the tailings does not support the belief that it could be a potentially economic source of plant feed material based on available results. Current Management does not place any economic value on the tailings at Cascavel based on the information available to it at present. The Board believes that to form a conclusive opinion additional work is required to verify and that work has been planned but is subordinate to the focus on primary production given the limited resources available to the Company at present. The Company has commenced a review of all historical and current information on tailings grades, and this release represents the interim status of that work. Further work on tailings testing will only commence when the Company has the resources available to conduct the studies. At present, the Company is focused on processing of primary ore from the Cascavel deposit and advancing the work with AngloGold Ashanti on the exploration Joint Venture, as noted in prior releases.