Why Nicaragua?

A burgeoning mining jurisdiction

• Pro-mining government underpinned by modern mining law
• Gold is the largest export (accounts for 35% of Nicaragua’s total exports) ⁽¹⁾
• 25-year exploration and exploitation concessions
• Skilled labor available
• Reasonable tax regime: 30% corporate tax and  3% royalty
• Safe environment to operate
• Modern infrastructure (paved roads, water and power)
• Repatriation of capital and profits allowed
• Limited modern gold exploration

1) Source: https://www.sec.sieca.int/
2) Information extracted from each of the Company’s corporate websites.