PRESS RELEASE: AGREEMENT FINALISED

Great Divide Mining Ltd (ASX:GDM) announced today that it had completed Definitive Agreements with Adelong Gold Ltd (ASX:ADG) Adelong, NSW, for the acquisition of its Challenger mine site and associated processing plant.

CEO, Justin Haines said, “Finalisation of the Definitive Agreements puts GDM squarely onto the path to produce first gold from the Challenger Gold Mine. Our aim is to produce first gold as rapidly as possible then expand the operation to primary mining and increase the plant capacity.”

The signing of the definitive agreement follows GDM completing an extensive due diligence process.

“The DD reports were satisfactory,” said CEO Justin Haines, “but a report is one thing, being on site and checking it out personally delivers another level of understanding.”

“GDM’s full executive Team and Board visited and worked on site to personally check the condition of, recommission and test run the processing circuit.”

GDM now acquires a 15% holding in Challenger Mines Pty Ltd (CMPL), a wholly owned subsidiary of ADG, and becomes the operator, of the mine, mine-site and its processing plant.

Commenting on the signing of the Agreement, Chairman of Great Divide Mining, Paul Ryan, said: “We are very conscious of our responsibilities. Responsibility to our Shareholders, responsible and conservative cash management and, responsibility to the Adelong community who are our immediate neighbours, ‘just over the fence’. You know what I mean.“

“Every old mine that we bring back on-line is another piece of the environment protected, and another community brought back to life.”

“Every old mine site that we bring back on-line is another mine site done right.”

“Can’t wait for the first Gold Pour!”