Sale agreement for Georgetown Gold Mine signed

Deutsche Rohstoff AG sold its Georgetown Gold Mine, located in North-Queensland, Australia, for AUD 16 million (EUR 13 million) in cash. The buyer is JKO Mining Pty Ltd, a company based in Hamilton Brisbane, Queensland, Australia. The purchase was effected through the acquisition of the shares of Deutsche Rohstoff Australia Pty Ltd (DRAU) who owns the Georgetown Gold Project. Completion of the transaction is subject to approval by the Australian “Foreign Investment Review Board (FIRB)”. The approval is expected to be granted within the next few days.