Kozagold Purchase of Newmont Altın Madencilik Limited Şirketi

Koza Altin Isletmeleri A.S. and ATP İnşaat ve Ticaret A.Ş. (collectively, Koza Gold) has acquired the shares of the Newmont Altın Madencilik Limited Şirketi (Newmont Altın), which is an indirect subsidiary of the Newmont Mining Corporation (NYSE:NEM) for 8,500,000 USD. Total amount will be paid in 3 installments; 3,000,000 USD immediate payment, 3,000,000 USD as the Diyadin Project starts to operate and 2,500,000 USD 1 year after the second payment. Amount paid for the acquisition also covers the license fee for the Diyadin Project. With this purchase, the purchase and sale agreement with option signed with Newmont Altin on October 25, 2008 for the Diyadin project has been cancelled. There will not be royalty payment for the Diyadin licence. Koza Gold will change the name of Newmont Altin.

Data regarding some of the important exploration results are summarized below:

- Close to the Koza Gold’s North Anatolian operations the project is in an important porphyrial gold and copper belt. Limited exploration and drilling activity results show up to 6.04 gr/t gold and 1.32% copper figures.

- Another project in the same porphyrial gold and copper belt is located approximately 40 km west of Koza Gold’s Mastra Project. Limited exploration and drilling activity (total 19 drillings) in that region indicates 125m @ 0.69 gr/t gold (24.2m @ 2.39 gr/t gold in 125 m zone).

- Results obtained from the 50 rock samples taken from the north of a vein that is identified from studies at 3 fields in West Anatolia result in 4.27 gr/t gold and 49 rock samples from the south of the vein result in 1,59 gr/t gold.

The results mentioned above are subject to further investigation and exploration activity which will be handled by our experienced exploration team.

63 fields obtained from the acquired firm have the potential to be transformed into development projects and operating mines.