Quarterly Activities Report and Quarterly Cashflow Report

• Regional exploration ramps up at the Zara Gold Project, Eritrea with a focus on identifying new prospects to increase the current Indicated Mineral Resource of 840,000oz at 5.3g/t within the Koka deposit • New “Koka‐like” signatures identified by a deep penetration 3D IP survey over the Koka‐Konate corridor – providing a priority drilling opportunity for early 2011 • Further results from Zara No