Capital Structure

As at January 2021

Shares owned by management:                         5,501,511 (4,951,360 escrowed)

Additionnal escrowed                                          2,268,000

Shares owned by Stellar AfricaGold:                5,200,000 (control / 4,68 million escrowed)

Shares in public float                                           10,591,011

Share purchase warrants ($0.10):                      2,802,000  (expire Nov 2021)

Total issue Capital:                                                23,708,500  shares

Fully DilutedCapital:                                             26,510,500 shares