Strategic Natural Resources - Re: SNRP Stream Log - SNR together with its other...

SNR together with its other Elitheni shareholders are committed to the upliftment and meaningful contributions to all regional and local stakeholders. To this end it will continue to fulfil its commitments in terms of its Social and Labour plan, details of which are contained in the last Annual Report of SNR. What this endorsement of the mine means to the Company, amongst other things, is the ability to raise funds and the interest of potential parties will be heightened. Shareholders must understand that there is a new SNR board and Elitheni management in place and further board members and management will be added in due course, all of which will be communicated to shareholders and interested parties. Moving forward, the parties involved are and will be from the mining industry and with the relevant experience and commercial drive to work towards a successful return on investment for shareholders. The Company would also ask that investors recognise that this is a new team in place and whilst there have been many unsettling changes for investors at SNR, the Company feels it is now, finally, on the right track. In due course and once all the necessary evaluations are complete, a re-listing of SNR Plc on a recognized stock exchange will take place and a new Competent Persons Report (CPR) will be delivered on Elitheni and this will show investors the value of the mine today, allowing for mining methods to be employed, coal reserves and resources in place, mining, production and sales costs and the various currency relationships. This will be coupled with the raising of the necessary financial resources to complete the full development of the mine. Investors should be reminded that as of the last CPR commissioned, the mine had a value of between £107-£122 million.