African Gold Peer Comparison

African Gold Peer Comparison EV (GBP £) 0 10 5 15 20 25 35 30 45 40 Thesis Gold Inc. (TSXV) Nobel Resources Corp. (TSXV) Cora Gold Ltd (AIM) Fredonia Mining Inc. (TSXV) Turmalina Metals Corp. (TSXV) Mako Gold Limited (ASX) Screening Criteria Exploration Companies Listed in the Last 5 Years Only Africa and Latin America Only Gold as Commodity Comparable Exploration Target E2 Metals Limited (ASX) African Gold Ltd. (ASX) Bastion Minerals Limited (ASX) Sun Peak Metals Corp. (TSXV) Panthera Resources (AIM) Aurumin Limited (ASX) African Lion Gold Capitan Mining Inc. (TSXV) Pucara Gold Ltd. (TSXV) Megado Gold Limited (ASX) AFRICAN LIONS GOLD plc 19

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