Dankassa Gold Project

Situated in southern Mali, the Dankassa Project (450km²) consists of three, broadly contiguous, granted exploration permits at Kourouba, Kourouba-Est, and Dankassa. All permits are held by Malian vendors. Birimian Gold has entered into purchase agreements for the Kourouba, Kourouba Est, and Dankassa permits, held by Mitram SARL, Touareg Gold SARL, and Union des Ressources Internationales SARL respectively.

The Dankassa Project is situated on the east bank of the Niger River, in southern Mali, approximately 110km by road south of Bamako, the capital city of Mali. Access is by sealed road south of Bamako and then gravel tracks to the project area. The Selingue Hydroelectric Power Station is situated about 40km to the south of the project area. The Selingue-Bamako power transmission line passes within 5km of the project area. A modern and well-appointed town near Selingue services the skilled labour force for the hydropower scheme.

Dankassa occurs at the northern end of the regionally significant Yanfolila Shear Zone. Splays and sub parallel shear zones adjacent to the Yanfolila Shear Zone host mineralisation at Komana (Goldfields; >1moz) and Kobada (African Gold Group; 1Moz). Similar trends are evident within the Birimian Gold permits at Dankassa.

Previous exploration work on the project area has identified significant gold in soil anomalies situated in close proximity to interpreted structure. At the Kourouba Prospect, soil sampling defined a north-south trending anomaly above 100ppb over 2.5km of strike with a peak value of 1420ppb (1.42 g/t Au). Subsequent AC (180 holes for 3734m) and RC (58 holes for 4422m) drilling by North Atlantic Resources (TSX: NAC) confirmed the presence of insitu saprolite and bedrock gold mineralisation. North Atlantic withdrew from the option agreement over Kourouba due to financing difficulties in 2008. No further work has been completed on the property.

At the Kourouba Prospect, RC drilling on 250m to 1000m spaced sections returned ore-grade intercepts at shallow depths. Significant results include.

• 10m @ 5.75 g/t Au
• 12m @ 1.81 g/t Au
• 14m @ 1.76 g/t Au
• 40m @ 1.06 g/t Au (incl 10m @ 1.63 g/t Au)
• 20m @ 2.17 g/t Au

All results are from near surface (oxide) material. Holes were angled to the east. Significantly, the average hole depth drilled to date is only 70m. The better drill results remain open along strike and at depth. Potential for defining further mineralisation is considered to be excellent. The area is a priority for immediate follow up RC drilling.

In addition to the mineralisation at Kourouba, at least three other north-north-east striking gold trends are evident in the geochemical and geophysical data. Further reconnaissance exploration along these trends is required to define additional RC drill targets.

The remaining gold-in-soil anomalies and regional trends at Dankassa have not been drill tested. The continuation of the Kourouba Trend is poorly defined by soil geochemistry in areas of transported alluvium, however, structural continuity is evident in the geophysics. Approximately 6km of the Kourouba Trend remain untested by drilling. West of the main Kourouba drill area, a lower tenor, but discrete soil anomaly is also untested. Gold in soil anomalies at Dankassa occur over approximately 2km of strike and the Dankassa Trend is inferred to extend a further 10km along strike. No drilling has been done on this property.

Work Planned

Kourouba Prospect

The Kourouba prospect is located within the Kourouba Permit, in the south-west of the Birimian Gold Dankassa Project.

At Kourouba, a 2,400m RC drilling program is planned to validate previous drilling and extend drill coverage north and south of previous drill intercepts. Drilling will investigate approximately 800m of strike on 100m spaced sections. This initial program is designed to rapidly determine the continuity and grade of mineralisation within a portion of the Kourouba mineralised zone that returned ore-grade results from previous wide-spaced drilling. The results from the current program will refine the targeting of additional drilling at depth and along strike, and ultimately expand the scope for bulk mineable gold resources at Kourouba.

Dankassa Region

Infill soil sampling and possibly pitting and trenching will be completed in amenable areas along the regional gold trends at Dankassa. It is anticipated that this work will define targets for immediate follow up drilling.

Reconnaissance AC/RAB drilling is a highly applicable exploration technique in the partly covered and deeply weathered terrains that are typical of southern Mali. Shallow reconnaissance style drilling would quickly and cheaply define follow up drill targets along the untested trends at Dankassa.

Terms of Agreements

Kourouba

The Kourouba property is a granted research permit, valid until 17th February 2016. The permit can be renewed to a mining concession on or before the expiry date. Birimian Gold has entered into a purchase agreement for the Kourouba permit, held by Mitram SARL. Payment terms for the purchase are $75,000 on signing, $100,000 on the first anniversary of signing, $100,000 on the second anniversary of signing, and $150,000 when the permit is transferred to Birimian Gold. Mitram will retain 10% equity in the project free carried to the grant of a mining concession.

Kourouba-East

The Kourouba-East property is a granted research permit, valid until 19th March 2015. The permit can be renewed to a mining concession on or before the expiry date. Birimian Gold has entered into a purchase agreement for the Kourouba East permit, held by Touareg Gold SARL. Payment terms for the purchase are $50,000 on signing, $50,000 on the first anniversary of signing, and $65,000 when the permit is transferred to Birimian Gold. Touareg Gold will retain 10% equity in the project free carried to the grant of a mining concession.

Dankassa

The Dankassa permit, held by Union des Ressources Internationales SARL, is a granted research permit, valid until 23rd July 2019. The permit can be renewed to a mining concession on or before the expiry date. Birimian Gold has entered into a purchase agreement for the Dankassa permit. Payment terms for the purchase are $100,000 on signing, $45,000 on the first anniversary of signing, and $45,000 on the second anniversary, and $60,000 when the permit is transferred to Birimian Gold. Union des Ressources Internationales will retain 10% equity in the project free carried to the grant of a mining concession.