VDM Group Limited provided the following update with respect to exploration at the Company's Cachoeiras do Binga (CdB) Copper Project in Angola (65% owned in VDM). The first stage of the Phase One Drilling Program has been completed with a total of 41 diamond core holes having been drilled for a cumulative total of 3,903 metres. Twenty (20) holes were drilled in Areas 1, 2 and 3 to verify historical information; whilst twelve (12) holes were drilled in Area 4 and nine (9) holes in Area 5, respectively, with the holes in Areas 4 and 5 for investigating targets generated from geological mapping, geochemical and geophysical information. The depths of the completed diamond core holes varied from 31 metres to 273 metres with an average depth of 95 metres. A list of the hole collars is included at Appendix A. Copper mineralisation is visible in drill cores from 38 holes of the 41 holes. Apparent malachite and its variations showing green and blue can be easily observed in the drill cores, refer images following. According to the geological logs and the fast analyser used in the field, the interceptions varied from few meters to more than ten meters, but this needs to be confirmed by the chemical analyses of core samples. A total of 843 samples have been collected from the half cores of the mineralised intervals and boundaries. The samples were crushed and split following a standard operating procedure. Paperwork is being finalised for despatch of the samples for chemical assay and the results are expected in first quarter of 2019. The Phase One Drilling Program in 2018 is now suspended due to the raining season, and will be re-launched in 2019 when weather permits access to the project area. The next stage of Phase One Drilling Program can be expected to target further parts of Areas 4 and 5 and follow-up the most prospective assay results.