Our company Gübretaş Maden Yatırımları A.Ş. Kavak Madencilik A.Ş., which owns the license area numbered 200709861 within the borders of Bilecik province. Teck Anadolu Madencilik A.Ş., which is the 80% shareholder, for the purchase of 80% shares for 1,800,000 USD and 2% royalty. The contract was signed with on 03.01.2022. The statement made by Gübretaş to KAP regarding the issue is as follows:

“Our subsidiary Gübretaş Maden Yatırımları A.Ş. is affiliated with Kavak Madencilik A.Ş., the owner of the license area numbered 200709861 within the borders of Bilecik province. Teck Anadolu Madencilik A.Ş., which is the 80% shareholder, for the purchase of 80% of the shares of Teck Anadolu Madencilik A.Ş. for 1.800.000 USD and 2% royalty. signed a contract with on 03.01.2022. Following the signing of the contract, approval procedures will be carried out by the relevant official authorities for the share transfer.

Kavak Madencilik A.Ş. Kavaklıtepe Gold Project, within the license area numbered 200709861, is located approximately 30 km west of the Söğüt Gold Mine area and is currently in the exploration phase. Kavak Madencilik A.Ş.' "With the acquisition of shares of Söğüt Gold Mine, it is aimed to expand our exploration and development activities around Söğüt Gold Mine and to identify possible new mineral resources."