ANA INVEST SRL Turning dust into Gold

1. EXECUTIVE SUMMARY

Background Gold has been a key commodity throughout the history of mankind. In times of hardship, investors turn to gold as “a port in a storm’. The current gold price has been stable or growing gradually for over the last 10 years. Romania has a long history as an area of gold extraction. The Ottoman empire was partially built on gold from this area. Over the years gold extraction became uneconomic and the volumes reduced.

A New Business New efficient and non polluting methods of extracting gold have been developed which ANA Invest SRL has access to. ANA Invest SRL has been issued licenses for extraction in areas of Romania with a track record of gold production Analytical results show that over 30 kg of gold can be obtained per annum from 50,000 tonnes of alluvial deposits. Other minerals and materials can also be extracted in commercial quantities. This can give a potential revenues of over €1 million per annum once in full production.

This document details how the project will start and operate, what business plan will be followed and the investment opportunity.

2. THE GOLD PROJECT u  The extraction of gold from rivers has been a widespread activity in

Romania throughout history. u  Mining dates back to Dacian-Roman times and the Middle Ages. After

WWI in 1920 the mines were taken over by the Romanian company “Mica’ which became one of the most important industrial enterprises in Romania during the interwar period.

u  With the growth of the world economy gold prices have risen steadily making it more economic to capitalise these resources.

u  In the past classical gold extraction methods involve the use of cyanide which caused high levels of pollution not acceptable to the local environment agencies (see case of Rosia Montana).

u  Now our company is proposing to resume extraction using non polluting technologies allowing respect of the environmental legislation in a cost effective manner.

u  The main activity of the company will be: v  Obtaining alluvial gold via gravity by washing sand using non polluting

technology v  Mining of non ferrous metals v  Sand and gravel extraction, including clay and kaolin

3. EXTRACTING GOLD

50,000 tonnes per annum over 2 adjacent zones in the river basin

20,000 tonnes higher quality zone

30,000 tonnes lower quality zone

0.93 gm/tonne 0.8 gm/tonne

18.6kg

24.0kg

Together gives 42.6kg

Raw Gold

Recovery rate 75%

31.95kg Processed Gold

u  To extract gold requires the processing of a large amount of alluvial material.

u  This is processed using semi-mobile factories which will sift the material through washing and gravity to extract a quantity of raw gold.

u  Through analysis, the two areas are expected to produce different levels of gold extraction.

u  Other materials obtained as a by-product of the process (such as sand, gravel and ballast) are to be sold to the market and will generate their own revenues.

4. BUSINESS PLAN

u  The business plan is over a period of five years and is profitable in each year. In total 5 years trading would produce a Net Profit of over €3.5 million.

u  Revenues are obtained from extracting alluvial gold and from the by-products of extraction (sand, gravel & ballast).

v  The fine gold obtained is sold to the Romanian State Mint, jewellers and electronics manufacturers

v  The main clients for the sand, gravel & ballast are companies dealing with the construction and maintenance of roads & highways as well as companies that manufacture concrete for the construction industry

u  The gold price over the last 10 years has been between $648-1778 per ounce but the overall trend since the financial crisis of 2008 is upwards although the selling price will be 85-90% of the London Metal exchange price. The plan is predicated on a price of $34,000 per kg. In the unlikely event that the LME price fell to $21,000 per kg (last seen in 2007), a profit of €111K would still be achieved in the first year.

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DISCLAIMERS

u  This document was executed on the basis of the data and information provided and known by the executing person, namely: its own database and the experience gained by the executor, the legislation in force, market public information, studies and research.

u  This document is intended only for the purpose and only for the recipient for whom it was drawn up.

u  This document may not be reproduced, multiplied, transmitted, stored or copied (in whole or in part) under any form or by any means without the written permission of the author.

u  The document is protected by the current legislation on intellectual and industrial property rights.