Central Porphyry Zone

Primary

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE

10400 76 1 3 40 100 2.65 31,800 3.6
77,168 2 1 30 100 2.65 7,950 1.2
168 3 2 50 100 2.65 26,500 4.0
32 4 2 22 100 2.65 11,660 2.0
10300 153 1A 2 30 100 2.65 15,900 1.8
153 2A 8 60 100 2.65 127,200 1.5
72 3A 2 30 100 2.65 15,900 1.8
10200 63 1A 6 30 80 2.65 38,160 1.1
63 1B 5 30 80 2.65 31,800 1.3
134 2A 2 25 90 2.65 11,925 1.8
134 3A 4 35 100 2.65 37,100 1.8
62 3/4 2 35 100 2.65 18,550 1.0
62 4A 2 35 100 2.65 18,550 1.6
10100 66 4A 2.5 25 100 2.65 16,563 2.2
66 5A 2.5 30 100 2.65 19,875 7.0
118 6A 13 50 100 2.65 172,250 1.5
10000 82 1A 1.5 40 100 2.65 15,900 1.4
82 2A 5 50 100 2.65 66,250 1.9
80 3A 9 25 100 2.65 59,625 1.4
159 3B 3 50 100 2.65 39,750 1.8
80 4B 1 45 100 2.65 11,925 1.6
80 4A 4 50 100 2.65 53,000 1.1
79 5A 2.5 30 100 2.65 19,875 1.3
79 5B 2.5 25 100 2.65 16,563 1.0

Total 868,008 1.8

Kg Au 1,561
Oz Au 50,371
BUSOLWA RESOURCE ESTIMATION

Eastern Porphyry Zone

Oxide

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10900 100 Nth 7 10 170 2 23,800 1.0 23800
10800 47,98 Mid A 3 12 200 2 14,400 1.9 27360
99,165 South 2.5 18 200 2 18,000 1.3 23400
10700 - 10600 Extends the zones a further 120 metres west thru faults 19,440 1.6 31104

Total 75,640 1.4 105664

Kg Au 106
Oz Au 3,409

Eastern Porphyry zones

Transition

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10900 100 Nth 7 10 170 2.2 26,180 1.0 26180
10800 47,98 Mid A 3 19 200 2.2 25,080 1.9 47652
99,165 South 2.5 18 200 2.2 19,800 1.3 25740
10700 - 10600 Extends the zones a further 120 metres west thru faults 26,928 1.6 43084.8

Total 97,988 1.5 142656.8

Kg Au 143
Oz Au 4,602

Eastern Porphyry zones

Primary

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10800 47,98 Mid A 3 30 200 2.65 47,700 1.9 90630
98 Mid B 2 30 200 2.65 31,800 2.0 63600
99,165 South 2.5 15 200 2.65 19,875 1.3 25837.5
99,165 South deep 4 40 200 2.65 84,800 2.9 245920
10700 - 10600 Extends the zones a further 120 metres west thru faults 110,505 1.6 176808

Total 294,680 2.0 602795.5

Kg Au 603
Oz Au 19,445

Total for Eastern Porphyry Zone 468,308 1.8 851116.3

Kg Au 851
Oz Au 27,455
BUSOLWA RESOURCE ESTIMATION

Buziba Shear Zone

Oxide

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10200 23 5 7 13 100 2 18,200 3.4 61880
24 6 8 17 100 2 27,200 2.6 70720
10100 66 4 2.5 20 100 2 10,000 2.2 22000
66 5 2.5 10 100 2 5,000 3.4 17000
13 6 9 13 70 2 16,380 1.5 24570

Total 76,780 2.6 196170

Kg Au 196
Oz Au 6,328

Buziba Shear Zone

Transition

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10200 23 5 7 15 100 2.2 23,100 3.4 78540
24 6 8 10 100 2.2 17,600 2.6 45760
10100 66 4 2.5 6 100 2.2 3,300 2.2 7260
66 5 2.5 6 100 2.2 3,300 3.4 11220
13 6 9 15 70 2.2 20,790 1.5 31185

Total 68,090 2.6 173965

Kg Au 174
Oz Au 5,612

Buziba Shear Zone

Primary

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10200 61 5A 5 50 100 2.65 66,250 1.4 92750
133 6A 3.5 55 100 2.65 51,013 1.7 86721.25
10100 66 4A 2.5 25 100 2.65 16,563 2.2 36437.5
66 5A 2.5 30 100 2.65 19,875 7.0 139125
118 6A 13 50 100 2.65 172,250 1.5 258375
10000 155 6A 1 30 100 2.65 7,950 3.7 29415

Total 333,900 1.9 642823.8

Kg Au 643
Oz Au 20,736
Buziba Shear Zone
Laterite

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10200 22,23,24 7 60 4 70 2 33,600 2.0 67200
12,118,65,13 7 60 6 100 2 72,000 1.1 79200

Total 105,600 1.4 146400

Kg Au 146
Oz Au 4,723
BUSOLWA RESOURCE ESTIMATION

Western Porphyry/Shear
Oxide

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

9800 109,122 2 8 5 80 2 6,400 1.1 7040
9700 113,120 1 4 10 60 2 4,800 3.3 15840
112 2 12 10 50 2 12,000 5.3 63600
9600 52 1 5.5 22 100 2 24,200 1.0 24200
114 2 2 7 100 2 2,800 2.7 7560
9500 171 1 12 15 50 2 18,000 3.8 68400
172 2 12 6 50 2 7,200 2.1 15120

Total 75,400 2.7 201760

Kg Au 202
Oz Au 6,508

Western Porphyry/Shear
Transition

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

9800 110 1 3 25 80 2.2 13,200 2.4 31680
109,122 2 8 20 80 2.2 28,160 1.1 30976
9700 113,120 1 4 15 60 2.2 7,920 3.3 26136
112 2 12 18 50 2.2 23,760 5.3 125928
9600 52 1 5.5 10 100 2.2 12,100 1.0 12100
114 2 2 25 100 2.2 11,000 2.7 29700
158 4 4 25 100 2.2 22,000 1.4
9500 171 1 12 15 50 2.2 19,800 3.8 75240
172 2 12 25 50 2.2 33,000 2.1 69300

Total 170,940 2.3 401060

Kg Au 401
Oz Au 12,937

Western Porphyry/Shear
Primary

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

9700 113,120 1 4 60 60 2.65 38,160 3.3 125928
9600 114,158 3A 6 50 100 2.65 79,500 2.2 174900
158 4 4 30 100 2.65 31,800 1.4
9500 172 1A 8 55 50 2.65 58,300 2.1 122430
 Total 207,760 2.0 423258
Kg Au 423
Oz Au 13,653
BUSOLWA RESOURCE ESTIMATION

Granite Contact Zone

Oxide

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10700 147 1 10 30 120 2 72,000 1.0 72000
(Inferred) 1A 22 30 120 2 158,400 1.0 158400
145 2 6 30 120 2 43,200 0.8 34560
145 3 1.5 35 120 2 12,600 1.0 12600
10600 129 1 8 25 70 2 28,000 0.6 16800
(Inferred) 1A 22 30 70 2 92,400 0.6 55440
130 2 10 30 70 2 42,000 0.6 25200
10500 138 1 20 40 100 2 160,000 0.8 128000
(Inferred) 1A 30 40 100 2 240,000 1.0 240000
132 2 2 50 100 2 20,000 3.1 62000
132 3 11 50 100 2 110,000 1.6 176000
180 4 3.5 43 100 2 30,100 1.0 30100
131 5 7 40 100 2 56,000 1.2 67200
169 6 3 40 100 2 24,000 2.0 48000
169 7 3 25 100 2 15,000 5.4 81000
10400 139 1 15 40 80 2 96,000 1.0 96000
(Inferred) 1A 15 40 80 2 96,000 1.0 96000
136 2 2.5 40 80 2 16,000 1.4 22400
137 3 3.5 40 80 2 22,400 3.5 78400
75 4 9.5 30 80 2 45,600 5.5 250800
75 5 4 25 80 2 16,000 4.1

Total 1,395,700 1.3 1750900

Kg Au 1,751
Oz Au 56,481

Granite Contact Zone

Transition

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10700 145 3 1.5 15 120 2.2 5,940 1.0 5940
10600 129 1 8 5 70 2.2 6,160 0.6 3696
10500 132 2 2 5 100 2.2 2,200 3.1 6820
180 4 3.5 7 100 2.2 5,390 1.0 5390
169 5A 1.5 13 100 2.2 4,290 4.5 19305
169 6 3 10 100 2.2 6,600 2.0 13200
10400 137 4A 2.5 10 80 2.2 4,400 9.8 43120
75 5 4 20 80 2.2 14,080 4.1 57728

Total 49,060 1.2 57728

Kg Au 58
Oz Au 1,862
Granite Contact Zone
Primary

SECTION HOLES LENS WIDTH HEIGHT LENGTH T / CU M TONNES GRADE TXG

10500 132 3A 8 60 100 2.2 105,600 1.2 126720
132 4A 1 30 100 2.2 6,600 2.9 19140
10400 137 4A 2.5 20 80 2.2 8,800 9.8 86240

Total 121,000 1.9 232100

Kg Au 232
Oz Au 7,487
 BUSOLWA RESOURCE ESTIMATION

STRUCTURAL DOMAIN OXIDE TRANSITION PRIMARY TOTAL

Tonnes Kg Gold Grade g/t Ounces Tonnes Kg Gold Grade g/t Ounces Tonnes Kg Gold Grade g/t Ounces Tonnes Kg Gold Grade g/t Ounces
Central Porphyry Zone 319,100 626 2.0 20,186 233,596 462 2.0 14,908 868,008 1,561 1.8 50,371 1,420,704 2,649 1.9 85,465

Eastern Porphyry Zone 75,640 106 1.4 3,409 97,988 143 1.5 4,602 294,680 603 2.0 19,445 468,308 851 1.8 27,455

Buziba Shear Zone 76,780 196 2.6 6,328 68,090 174 2.6 5,612 333,900 643 1.9 20,736 478,770 1,013 2.1 32,676

Western Porphyry/Shear 75,400 202 2.7 6,508 170,940 401 2.3 12,937 207,760 423 2.0 13,653 454,100 1,026 2.3 33,099

Granite Contact Zone 1,395,700 1,751 1.3 56,481 49,060 58 1.2 1,862 121,000 232 1.9 7,487 1,565,760 2,041 1.3 65,830

TOTAL RESOURCES 4,387,642 7,580 1.7 244,526