Gov't clarifies revocation of Adamus mining leases and says the assets are 'not for sale'

56m mineral rights fees, GH¢377m royalties and tax Lands Minister upholds revocation of three mining leases of Adamus Resources Adamus Resources to minister: 'Baseless revocation' of mining leases 'is abuse of power wrapped in absolute disregard of law' Adamus Resources in Ghana distances itself from MIKO-SA over alleged regulatory breaches in Mali Eastern Nzema Council parts ways with Adamus Limited Minerals Commission on why it revoked 3 mining leases of Adamus Resources Eastern Nzema Council parts ways with Adamus Limited Attached below is a copy of the ministry's statement GOVERNMENT CLARIFIES REVOCATION OF ADAMUS RESOURCES LIMITED MINING LEASES: ASSETS NOT FOR SALE The Ministry of Lands and Natural Resources wishes to clarify reports and public speculation suggesting that the Government of Ghana has revoked the mining leases of Adamus Resources Limited with the intention of selling the company or its assets to another investor.

The Ministry wishes to state categorically that the revocation of the mining leases is not a decision to sell Adamus Resources Limited or its mining assets.

NO DECISION TO SELL The Ministry therefore wishes to make it clear that there is currently no Government decision to sell Adamus Resources Limited or its mining assets.