Kion Group Gmbh

The Company was incorporated on 13 June 2007 for the purpose of acquiring prospective mineral projects primarily focused on gold, iron ore, uranium and nickel. Since incorporation, the Company has entered into three acquisition agreements, summarised in section 11 of the Prospectus. Chrysalis’ objective is to rapidly develop the identified assets in the six project areas and to advance them as quickly as possible. The Company intends to engage an experienced geologist in the near future to assist with technical matters and proposed exploration of the Tenements. In the interim, the Company will continue to outsource its technical requirements in order to control and manage the assets.