Company Profile

Mayfox Mining Company Limited is an indige-nous Kenyan owned mineral exploration company which began operations in 2012. The company has since been exploring for gold and other precious minerals in Turkana County, Republic of Kenya. The company initially began with a reconnais-sance license approximately 22,000 sq. km (under Gazette Notice no. 529) which was subsequently converted to Special Prospecting License under the registration SPL 281; this was divided into SPL 281 A and SPL 281 B (3,500sq. km and 2,400sq. km respectively). Through both geochemical and geophysical studies, in 2014, SPL 281 A and B were further reduced to approximately 1,639 sq. km and 451 sq. km respectively, as part of Mayfox Mining’s relinquishment program. Late in the year 2015, SPL 281 B was 100% relinquished back to the government of Kenya upon receiving unsatis-factory results from the extensive exploration pro-gram undertaken. In the same year Mayfox Mining acquired SPL 221, of approximately 135 sq. km,

referred to as the Nakalale Goldfields.

To date, Mayfox Mining has carried out a successful and detailed airborne magnetic, radiometric and digital terrain survey with a total line coverage of over 11,390km. This was done using Geotech Air-borne Survey, Australia. Via this highly successful airborne survey, coupled with highly skilled geo-chemical work, Mayfox Mining Company Limited has identified 19 target areas of gold mineraliza-tion and other precious metals. The target areas geology discovered compares to the Niassa Gold Belt in Mozambique, which hosts estimated re-serves of 4-5 million oz. of gold.

The next phase of exploration encompasses phased drilling of over 1000m within the SPL 221 area. This shall facilitate exploration towards at-taining a JORC Mineral Reserve that will take them into commercial mining.

About Us

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Our PhilosophyThe philosophy of the company rests on three, solidly interrelated motives:

The development of a dedicated and sustainable relationship with the local communities

The contribution to the development of the country’s relatively ‘young’ mining sector

The integration between local investments and international financial markets.

These principles have driven, and will continue to drive, Mayfox Mining’s operations both locally and globally. In terms of purporting a sustainable impact with the local community, Mayfox Mining is com-mitted on several fronts. Indeed the mining sector can be said to be relatively ‘young’ in Kenya, with all social and professional consequences that follow.

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Mineral reserve areas are left adrift, impacted only by occasional artisan miners, who find themselves working not only as abusive professionals, but are also subject to harshly unsafe conditions; these work-ers are thus exposed not only to the operational risks typical of mining, but also to frequent aggression and theft even for strictly marginal findings.

Having researched and witnessed these conditions alongside the existing communities, at Mayfox Min-ing we are firmly aware of the ethical and social need to an extensive inclusion of the latter in our opera-tions. Not only are we committed to ensuring extensive degrees of local content in our employment, but we are also committed to a first-rate formation of local resources. The sustained training of local skills in the operation and management of our fields is something in which Mayfox Mining believes strongly, for an ever-increasing mutual benefit between the company and our close communities

Moreover, the current expansion of the mining sector, in which Mayfox Mining is proud to partake, will likely imply a development of the legal and commercial infrastructure in the field, as recent governmen-

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tal initiatives suggest. At Mayfox we hope we can contribute strongly, at any occasion, and for this matter we pride ourselves with being a prime and close affiliate to the Kenya National Chamber of Mines.

At any level, from that of financial regulation, to that of professional and safety standards, we are com-mitted to putting our experience at the service of public regulators. In the recent past we have proudly represented, alongside the Chamber of Mines and other local companies, the interests and rights of the Kenyan mining sector and national and international occasions, and we thus hope we can constructively continue to do this, both locally and globally, to ensure that the fertile Kenyan Mining sector continues to prosper, as it rightfully should.

Our third principle that of integrating our operations to international financial markets, evidently fol-lows from the abovementioned. As an international Board, with wide-ranging experience across differ-ent sectors, and throughout different regions, we are aware of the crucial relevance, and benefit, that the leverage on international financial markets can bring to the local investments. Evidently this leverage will thrive as the social, legal, and commercial infrastructure of the Kenyan mining sector pursues in its consolidation. We thus aim to contributing to this growth, as our strategic intentions are to foster our operations via both private and public placements of the company, with increasingly global reaches, as operations proceed.

The strong interrelations between the three main principles driving our company’s philosophy can thus be resumed: we intend to grow with Kenya, a growth we very much believe in, and aim at contributing to place its mining sector on the global financial map. In order to do so, for the long term ahead, Mayfox Mining is all the more aware of the crucial relevance of developing a safer, sustainable, and skilled envi-ronment for all local content involved. We thus invite you to send us any consideration you might find useful, and we very much hope you will join us in growing alongside this prosperous country, for the prosperous future we foresee.

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Our LicenceOperating under Special Prospecting License (SPL) 281, Mayfox Mining has been carrying out explora-tion both via land and airborne surveys covering vast areas within Turkana County. As a result of mineral target identification, Mayfox Mining cur-rently implemented a reduction of the license from the original 5,900 sq. km to 1,639 sq. km precise-ly. The licensed area initially covered two blocks: Block A (West) and Block B (East), of which Block

B (East) was relinquished later in 2015.

The former consisted of 14 target areas of gold mineralization and other precious metals; geolog-ical similarities discovered compare the site to the Niassa Gold Belt in Mozambique, which hosts esti-mated reserves of 4-5 million oz. of gold.

High: 1053 Meters Low: 615 Meters

Color Code

Nadwat Town Centre

Aterika Town Centre

High: 1442 Meters Low: 732 Meters

Color Code

Kalobeyei

Nakalale Goldfields Murulim hills and Kalimapus Goldfields

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Leadership

Manga Mugwe is the founder and chairman of Mayfox Mining Company Limited since 2008. He has achieved the recognition of a highly experienced and indepen-dent chairman across several sectors. His breadth of experience lies in manufac-turing, telecommunications, large scale agriculture, energy, media, insurance and real estate in Eastern Africa. He has served in various parastatal boards e.g. Ken-ya Electricity Generating Company (KenGen), Kenya National Trading Company (KNTC), Sports Stadia Management Board of Kenya and also in public company boards e.g. Jubilee Insurance Company. He has also served as the chairman of the Kenya Association of Manufacturers (KAM), in view of being an industrialist -Morris & Co. Ltd (for Steel).

Board of Directors

Manga Mugwe

Paul Bugingo

Chairman

Director

Paul Bugingo has been a director of the board at Mayfox Mining Company Lim-ited since 2014. Paul is a partner in the international law firm Dentons. He also serves as the Relationship Chair of Denton’s Africa Steering Committee, which formulates and implements the firm’s strategy for Africa. He is based in Dubai and was instrumental in the establishment and growth of the firm’s network of associate offices in Africa, currently in Algeria, Angola, Burundi, Cape Verde, Gha-na, Guinea Bissau, Kenya, Libya, Mauritania, Morocco, Mozambique, Namibia, Ni-geria, Rwanda, São Tomé and Principe, South Africa, Tanzania, Uganda and Zam-bia. Paul joined Denton’s Energy Infrastructure & Project Finance department in 1998 and since then has advised Governments, Utilities, Regulators and private companies on energy & infrastructure projects across Africa, including in South Africa, Botswana, Kenya, Uganda, Ghana, Rwanda, Lesotho and South Sudan.

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Wagner EleuteriDirector BSc. Hons (International Relations), GIA

Wagner Eleuteri has been a Director of the Board at Mayfox Mining Company Limited since 2012. His academic back ground includes studies at the London School of Economics (International Relations BSc) and at the Gemological Insti-tute of America (Graduate Gemologist). After significant experiences in the pre-cious metals and gems sectors in India and the United States, he moved to Italy to run the Carlo Eleuteri firm, a prestigious and globally renowned entity in the field of high-end vintage jewelry. Here, he has operated as Managing Director, being chiefly exposed to responsibilities in the Procurement, Sales, and Public Relations divisions.

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Tommaso Picciotto

Mugwe Manga

Director BA. Hons (Econ), MSc (Comparative Politics)

Commercial Director BA. Hons (Econ), MIB

Tommaso Picciotto has been a Director of the Board at Mayfox Mining Compa-ny Limited since 2012. His academic background includes Philosophy and Eco-nomics (BA at University College London) and Comparative Politics (MSc at the London School of Economics).He gained his main professional experience at the management consulting firm Bain & Company. His involvement has ranged from projects in the field of traditional and renewable energy to others in the financial sector, though he specialized primarily with the exploration and production of energy commodities, for which he personally followed initiatives of enhanced project management, optimized procurement, and integrated commodity trad-ing.

Mugwe Manga has served as commercial director of Mayfox Mining Company Limited since 2009. He manages the company’s business development strategy and has been integrally involved in the implementation of its mineral exploration programs. He holds a BA in Economics from the University of Nottingham and a Masters in International Business (MIB) from Grenoble École de Management. He has gained experience in the banking industry working at Goldman Sachs International, London under the Private Wealth Management division specializ-ing in institutional portfolios. He has gained over 9 years’ experience working in Kenya, where he sits on various boards in the IT and renewable energy sectors and is an executive committee member of the Lake Naivasha Ripirian Associa-tion.

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Our Team

Rita GathigiaOperations Manager

Julius Thindi brings more than 10 years in diverse tax, financial, and business consulting experience to his role as a Certified Public Accountant. Prior to this he worked as a supervisor at BDO East Africa a position he held for 3 years. His ex-perience and accounting work has seen him carrying out audits, financial due dil-igence at the likes of Brookside Dairy Limited, ALS Limited, Mtibwa Sugar Com-pany (Tanzania) and Kenya Roads Board (KRB). He is a member of the Institute of Certified Public Accountants of Kenya and holds a practicing certificate coupled with an MBA in Finance from the Kenya Methodist University.

Rita Gathigia joined Mayfox Mining Company Limited in 2015 and is responsible for the efficient execu-tion of Mayfox’s strategy by overseeing smooth running of projects, building cohesion between both in-ternal and external stakeholders, administration of the company’s Enterprise Resource Planning (ERP) system and proper data management of the company’s geological results to international standards; quality assurance quality control (QA/QC). She holds a Bachelor’s degree in Mathematics and Computer Science from Jomo Kenyatta University of Agriculture & Technology (JKUAT); Statistics Major. She is also undertaking Association of Chartered Certified Accountants (ACCA) at Strathmore University. Rita brings on board brief experience from Britam Kenya and is working with various non-governmental organizations in Kenya.

Julius ThindiChief Accountant CPA(K); ICPAK, MBA (Finance)

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Malidzo Chidzugwe J.Junior Exploration Geologist

Malidzo joined Mayfox Mining in 2015 and is responsible for the company’s mineral exploration pro-gram designs. He brings on board exploration experience from Turkana, Kilifi and Kitui Counties (Ken-ya) in addition to the technical skills involved in geochemistry, surface exploration in geology, geophys-ics along with GIS mapping and interpretation. He holds a BSc. Geology from the University of Nairobi (Kenya) and is a professional member of the Geological Society of Kenya (GSK). Malidzo is an earth enthusiast who aims to play a vital role in the economic growth of Kenya and Africa as a whole.

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Eleven (11) target areas have been identified within Murulim Hills. The area lies on the Block 281A (West) where Neoproterozoic Mozambiquan belt rocks of Archean age are exposed that are favorable for gold mineralization. Detailed stream sediment sampling and trenching on the target areas will need to be carried in order to identify drilling targets that will eventually prove a resource. The minerals of interest include: Gold (Au), Copper (Cu), Nickel (Ni), Lead (Pb) and Uranium (U)

Three (3) target areas have been established in Kalimapus goldfields. The area is geologically regarded to have the best gold potential due to its positive sample results (2.3 g/ton Au) and well defined (K) alteration zones in association with the NNW-SSE shear zones. The tectonic setting is similar to that of the Niassa Gold Belt in Northern Mozambique and possibly even better, given the possibility that the rocks here are comprised of reworked Neoproterozoic crust and possibly also of juvenile Neoprotero-zoic crust. Such structures play host to reserves of 3-5 million oz of gold (Au).

Artisanal gold mining in the renowned Sesame area just north of the Lapur Range has been ongoing for many years. The geological similarities of Sesame and Lapur ranges gave positive indications of gold occurrence in the previously owned licensed area. An in-fill soil sampling program on 5 target areas was undertaken in order to define further identified anomalies and to choose more accurately trenching and drilling sites. However, the areas did not test positive for further operations and was hence relinquished.

Lapur Ranges

Murulim Hills

Kalimapus Goldfields

Exploration Projects

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Nakalale GoldfieldsThis area lies under Special Prospecting License (SPL) 221, covering an area of approximately 135sq. km. Several gold occurrences are quite evident in the license area, such as the Makutano (“Gold”) area situated about 35 Km NW of Lodwar town and in Lomeguro. Previous rock samples taken by Mayfox have tested positive for gold (Au) with highs of up to 15g/ton.

The Nadwat shear zone is the most prominent geological structural feature in SPL 221. It consists of two parallel quartz veins that have been exploited by artisanal miners for years. The veins potentially extend towards the South West across a seasonal stream in an area where the Mozambiquian substratum is covered by a thin layer of quaternary sediments, anticipated to be 5 to 20m thick. The structural char-acteristics of the shear zone are yet to be determined. Other known primary gold occurrences include a shear zone at Lolupe, and a quartz vein at Aterika.

Mayfox is in the process of undertaking a rapid assessment of the gold production potential over SPL 221.

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Since 1987, Snowden has delivered a comprehensive range of technical consulting services and independent advice to explora-tion and mining companies, as well as legal and financial institu-tions with interests in the mining sector. Offering a wide range of integrated skills to manage tasks of any nature and level of complexity, throughout the mining life cycle. Snowden now em-ploys more than 150 talented staff in offices based in Australia, Africa, Europe, and the Americas, with plans for further expan-sion.

Established in 2010 and founded with both local and foreign ex-ploration and mining companies in mind, AMS facilitates and pro-vides grass roots geological exploration quality services to May-fox Mining Company Limited.

Vancouver-based PhotoSat has developed a technology to pro-duce highly accurate topographic base maps. The geophysicists at PhotoSat work with Mayfox Mining Company in high quality ASTER images of the licenced area.

Geological Consultants

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As an innovator in the design and application of detailed airborne geophysical surveys for over 30 years, Geotech provides Mayfox Mining Company Limited with the most advanced geophysical exploration platforms and data processing, having carried out a successful Airborne Survey over Block A (West) covering over 2,400km².

Xcalibur Airborne Geophysics is a South Africa based airborne Geophysical company that specializes in ultra-high resolution and standard airborne surveys throughout Africa. (Gradient magnet-ics and radiometric. Xcalibur provide interpretation services on the geophysical surveys’ of Mayfox Mining Company Limited

Intertek is the industry leader in testing, inspecting and certify-ing products with over 36,000 people in 1,000 locations in over 100 countries. Mayfox Mining Company Limited is working close-ly with Intertek in testing all samples in exploration in order to abide by the high standards of the exploration and mining.

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Nominated Advisor (NOMAD)

Kestrel Capital is an independent stockbroker licensed by the Kenyan Capital Markets Authority (CMA) and a member of the Nairobi Securities Exchange (NSE). Kestrel is the leading stock-broker and bond trader on the Kenya stock market for foreign and local institutional investors, with a strong focus on market and company research. Kestrel Capital is Mayfox Mining Compa-ny Limited’s appointed NOMAD for the anticipated GEMS listing.

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Financial Auditors

Legal Consultants

PKF in Kenya is part of PKF in Eastern Africa which comprises PKF International member firms operating in Kenya, Uganda, Rwanda, Burundi, Tanzania, Zambia, Somalia and associates in The Repub-lic of Southern Sudan & Ethiopia. PKF and its associates provide a wide range of services including audit and assurance, business and financial advisory, information technology, human resources consulting, taxation and corporation secretarial services, across diverse industry and client profiles. Across the Eastern Africa Re-gion, the firm comprises 40 partners/directors and a staff force of almost 800. In Kenya, PKF has offices in Nairobi, Mombasa, Nakuru, Kisumu and Malindi.

Established in 1927 Kaplan & Stratton is a premier law firm pro-viding a comprehensive range of legal services and solutions for domestic and international clients. The firm is reputed as a leading law firm in the East African region and represents Mayfox Mining Company Limited in all legal processes.

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Technical Support

Sage is a supplier of accounting and payroll software to the small to medium sized business community worldwide. It gives businesses around the world the information, insight and tools they need to succeed today. Sage combines social, mobile, real-time technology to put live information at your fingertips so you can make fast, in-formed decisions. Sage also recently created the Sage Foundation and through it launched a bold new 2+2+2 model for corporate philanthropy.

Mayfox Mining Company Limited is a proud user of Sage Evolution as a Business Management Solution

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Investor Relations

Compliance with Capital Market Authority standards for listing on to the Growth Enterprise Market Segment (GEMS) of the Nairobi Securities Exchange (NSE) is currently under way with Kestrel Capital as the appointed NOMAD. As an indigenous Kenyan mineral prospecting company this will give the Kenyan public the opportunity to buy in to a flourishing company in this sector, which will be the first of its kind. We are offering shareholders the ability to trade in stock that would be beneficial in creating liquidity and realizing capital gains as the property continues to get de-risked

GEMS Listing

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Contacts

Mayfox Mining Company LimitedGarden Road, off Riverside DriveNairobi

E: info@mayfoxmining.comT: +254 (0) 20 239 2472W: www.mayfoxmining.com