Deccan Gold Mines subsidiary enters agreement for refining and sale of gold-bearing dore

Deccan Gold Mines has announced that its subsidiary Avelum Partner LLC, Kyrgyz Republic has entered into an Agreement with OJSC Kyrgyzaltyn, the state-owned gold refining enterprise of the Kyrgyz Republic, for refining and sale of gold-bearing dor? produced from the Altyn Tor Gold Project.

Pursuant to the Agreement, Avelum Partner LLC has dispatched the first consignment consisting of a 1.2 kg dor? bar to OJSC Kyrgyzaltyn. The consignment has been sent to establish and validate the operational, refining and settlement procedures contemplated under the agreement.

This milestone marks a significant step towards the commercialization of the Altyn Tor Gold Project and reinforces the Company's progress in advancing its operations in the Kyrgyz Republic.