"For Britannia, a highlight of this relationship is that we will strengthen our position to acquire and develop a number of gold opportunities, with a view to supply an established gold buying network," continued Mr. Roberts. "The UAE group will look to provide resources to develop and purchase gold from prospects supplied by Britannia, which is good news for our pipeline projects including the company's Yukon gold claims. We also have the opportunity to act as the partnership's intermediary in Forward Purchase gold contracts; which speaks directly to our near term income prospects."

Mr. Roberts concluded, "We have worked diligently to further our strategic plan; primarily focused on generating near term revenues along with finalizing a credit line of $30 Million from REM Capital. This MOU, along with the anticipated outcomes, brings us closer to delivering on our strategic plan this third quarter."

BMIN