Dragon Mining : VOLUNTARY ANNOUNCEMENT - PROMISING RESULTS FROM DRILLING AT THE JOKISIVU GOLD MINE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

DRAGON MINING LIMITED

龍 資 源 有 限 公 司 *

(Incorporated in Western Australia with limited liability ACN 009 450 051)

(Stock Code: 1712)

VOLUNTARY ANNOUNCEMENT

PROMISING RESULTS FROM DRILLING

AT THE JOKISIVU GOLD MINE

This announcement is made by Dragon Mining Limited 龍資源有限公司* ("Dragon Mining" or "the Company") on a voluntary basis to inform the shareholders of the Company and potential investors of our latest results from drilling.

The Company is pleased to advise that the results from a campaign of underground diamond core drilling undertaken at the Company's Jokisivu Gold Mine ("Jokisivu") in southern Finland. The completed campaign targeted the footwall zones of the Arpola deposit and was designed to better define the extent and geometry of known mineralised zones and provide additional information to support future mine planning and development in this area.

The completed campaign totalled 24 holes for an advance of 2,111.5 metres. Holes were drilled from stations located on the 120m and 170m levels and targeted the area between the 120m and 210m levels. Analysis for gold returned a number of significant intercepts, including 5.75 metres @ 4.60 g/t gold, 4.55 metres @ 5.42 g/t gold, 2.10 metres @ 35.17 g/t gold, 1.10 metres @ 28.50 g/t gold, 9.45 metres @ 6.78 g/t gold, 3.75 metres @ 7.40 g/t gold, 4.85 metres @ 5.72 g/t gold and 5.95 metres @ 8.83 g/t gold. A listing of all significant intercepts above 1 g/t gold is provided in Table 1.

The results received from the campaign support existing geological models, providing confidence that the mineralised zones associated with the footwall zones of the Arpola deposit display good continuity, however the area is structurally complex and remains challenging. Further drilling will be required from other levels as the mine advances, to provide additional geological information for the footwall zones of the Arpola deposit.

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Drilling at Jokisivu has now commenced on a 4,600 metre program that is targeting the Kujankallio Main Zone and Kujankallio Hinge Zone between the 420m and 500m level. The new program will continue through to the end of the year and is important for the updating of development and stope plans in the next production panel at Jokisivu.

BACKGROUND

The Jokisivu Gold Mine forms part of Dragon Mining's Vammala Production Centre in southern Finland, approximately 165 kilometres northwest of the Finnish capital Helsinki.

The Centre comprises the Vammala Plant, a 300,000 tonnes per annum conventional crushing, milling and flotation facility, the operational Jokisivu and Kaapelinkulma gold mines and the Orivesi Gold Mine that has recently been placed on care and maintenance following the exhaustion of known Ore Reserves.

The Jokisivu Gold Mine is located 40 kilometres southwest of the Vammala Plant and hosts two principal gold deposits, Kujankallio and Arpola, 200 metres apart. The deposits represent structurally controlled orogenic gold systems located within the Palaeoproterozoic Vammala Migmatite Belt. Gold mineralization at both Kujankallio and Arpola is hosted within relatively undeformed and unaltered diorite, in 1 to 5 metre wide shear zones that are characterised by laminated, pinching and swelling quartz veins.

The Kujankallio deposit has been shown by drilling to extend to at least 530 metres in depth, whilst the Arpola deposit has been drilled down to 310 metres. Both deposits remain open with depth and partially along strike.

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Open cut mining at Kujankallio commenced in 2009 and underground production in 2011. By 30 June 2019 underground development had extended down to the 465m level, the decline is expected to reach the 500m level by the end of 2019. A small open pit was mined at Arpola in 2011 and underground production commenced from this deposit in 2014.

By Order of the Board

Dragon Mining Limited

Arthur George Dew

Chairman

Hong Kong, 2 September 2019

As at the date of this announcement, the board of directors of the Company comprises Mr. Arthur George Dew as Chairman and Non-Executive Director (with Mr. Wong Tai Chun Mark as his Alternate); Mr. Brett Robert Smith as Chief Executive Officer and Executive Director; Ms. Lam Lai as Non-Executive Director; and Mr. Carlisle Caldow Procter, Mr. Pak Wai Keung Martin and Mr. Poon Yan Wai, as Independent Non-Executive Directors.

• For identification purpose only

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COMPETENT PERSONS STATEMENT

The information in this report that relates to Exploration Results is based on information compiled by Mr. Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists and a full time employee of the Company. Mr. Neale Edwards has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr. Neale Edwards has provided written consent for the inclusion in this report of the matters based on his information in the form and context in which it appears.

Table 1 - Results from the underground diamond core drilling program that targeted the footwall zones of the Arpola deposit between the 120m and 210m levels at the Jokisivu Gold Mine. All intercepts reported at a 1 g/t gold cut-off.

								Down Hole
Hole	North	East	Elevation	Azimuth	Dip	Length	From	Interval	Gold
				(°)	(°)	(m)	(m)	(m)	(g/t)
HU/JS-917	6779270.07	2426287.53	-36.39	106.33	-24.12	59.30	30.50	1.50	1.06
							39.25	5.75	4.60
HU/JS-918	6779269.53	2426287.18	-36.05	120.43	-14.72	131.30	30.75	4.55	5.42
							73.80	0.70	5.28
							80.15	0.95	3.08
							85.55	1.10	1.54
							116.90	1.15	2.19
HU/JS-919	6779270.16	2426287.80	-36.05	132.95	-14.16	116.30	28.95	1.05	5.67
							56.65	0.75	1.08
							61.50	2.15	1.65
							69.05	2.05	3.63
							80.90	4.25	1.91
							93.50	1.40	1.10
HU/JS-920	6779270.28	2426288.78	-36.13	144.86	-15.33	95.30	2.00	1.35	1.10
							26.05	2.00	4.19
							30.60	1.10	9.09
							50.10	2.70	1.69
							55.30	2.10	35.17
							60.25	1.10	18.55
HU/JS-921	6779270.22	2426288.57	-36.36	154.11	-16.85	80.30	46.40	1.10	1.35
							51.60	0.90	1.97
							56.90	1.00	3.51
							62.10	1.00	1.64
							71.20	1.50	1.67

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								Down Hole
Hole	North	East	Elevation	Azimuth	Dip	Length	From	Interval	Gold
				(°)	(°)	(m)	(m)	(m)	(g/t)
HU/JS-922	6779270.30	2426289.07	-36.43	169.06	-18.85	75.00	23.10	1.15	1.51
							42.65	1.05	1.36
							48.15	1.00	2.07
							52.20	2.00	2.09
							58.20	2.05	2.07
HU/JS-923	6779269.84	2426287.23	-36.56	129.33	-30.29	110.30	10.65	1.05	3.64
							29.75	1.15	1.73
							66.20	0.75	3.14
							72.70	1.35	2.13
HU/JS-924	6779270.52	2426288.59	-36.76	145.74	-36.07	80.30	23.55	1.25	8.21
							45.25	1.00	1.96
							54.00	3.55	3.03
							65.50	1.05	1.44
							67.65	1.10	28.50
							74.30	1.50	1.22
HU/JS-925	6779270.41	2426288.84	-36.63	165.27	-23.43	77.30	23.90	1.10	8.32
							50.00	1.00	3.23
							54.00	1.50	1.89
							58.50	2.65	3.32
							75.80	1.50	1.00
HU/JS-926	6779270.56	2426289.18	-36.88	165.54	-34.63	70.00	23.60	1.10	1.18
							45.00	1.00	1.00
							57.45	0.45	48.90
HU/JS-927	6779277.56	2426272.76	-34.84	201.32	-24.62	86.00	37.00	1.50	1.16
							55.05	1.25	2.18
							79.10	1.70	2.40
HU/JS-928	6779277.55	2426272.88	-32.77	199.24	-32.77	90.00	6.50	1.50	1.00
							32.40	1.80	3.65
							38.15	1.05	1.21
							52.10	1.00	2.64

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								Down Hole
Hole	North	East	Elevation	Azimuth	Dip	Length	From	Interval	Gold
				(°)	(°)	(m)	(m)	(m)	(g/t)
HU/JS-929	6779277.46	2426272.81	-34.44	198.36	-8.21	89.70	6.80	1.30	1.31
							10.80	1.50	2.15
							36.10	1.20	4.99
							40.50	1.00	1.66
							46.65	2.45	1.74
							58.40	2.55	1.36
HU/JS-930	6779277.52	2426273.35	-35.05	187.41	-32.28	89.40	7.95	1.25	1.20
							29.10	1.30	1.38
							34.30	9.45	6.78
				Includes 0.70 metres @ 50.00 g/t gold from 37.70 metres
							59.15	0.65	1.85
							80.40	1.10	3.57
HU/JS-931	6779281.56	2426355.63	-90.99	143.67	2.40	101.40	7.30	1.20	1.17
							19.40	1.50	1.14
							39.30	1.50	3.31
HU/JS-932	6779283.04	2426356.78	-90.53	160.06	14.72	101.40	9.80	1.70	4.40
							35.00	1.10	1.32
							40.85	2.15	3.63
							58.70	0.55	2.78
							61.40	0.45	1.39
HU/JS-933	6779282.87	2426357.04	-91.16	159.54	0.14	89.40	33.20	1.00	1.39
							36.90	0.95	3.12
							43.95	1.05	3.66
HU/JS-934	6779284.07	2426357.10	-90.44	175.56	23.15	113.40	10.65	3.75	7.40
							43.50	2.00	1.58
							55.00	0.70	2.27
							57.85	1.00	1.30
							62.40	1.10	3.87
HU/JS-935	6779282.83	2426357.04	-91.33	179.09	-9.01	68.40	26.50	1.90	1.23
							38.80	0.50	1.30
							44.80	1.00	3.17
							46.80	1.00	1.51
							61.15	1.50	2.07
HU/JS-936	6779292.42	2426343.53	-92.39	173.17	7.14	98.40	22.95	1.15	7.84
							39.75	1.65	2.21
							49.70	0.55	2.06
							54.05	1.05	5.10

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								Down Hole
Hole	North	East	Elevation	Azimuth	Dip	Length	From	Interval	Gold
				(°)	(°)	(m)	(m)	(m)	(g/t)
HU/JS-937	6779292.48	2426343.47	-92.10	178.15	15.49	98.40	23.65	1.35	1.22
							49.30	1.20	1.11
							56.40	1.10	1.38
							65.40	1.10	18.80
							78.50	1.50	1.28
							83.00	1.50	1.17
HU/JS-945	6779292.98	2426341.82	-93.93	191.29	-36.19	65.30	5.95	0.85	2.60
							27.25	4.85	5.72
				Includes 0.95 metres @ 19.20 g/t gold from 29.85 metres
							35.70	2.95	4.42
							42.25	5.95	8.83
				Includes 1.10 metres @ 42.00 g/t gold from 44.00 metres
							49.70	1.25	1.55
							54.60	1.00	1.09
HU/JS-946	6779292.94	2426341.62	-93.53	197.12	-19.69	59.50	31.50	2.50	1.89
							51.35	1.00	2.11
HU/JS-947	6779293.52	2426341.18	-93.37	212.37	-18.43	65.40	6.00	1.50	1.03
							8.70	1.30	1.25
							41.25	4.15	1.28
							52.40	1.00	2.18
							63.90	1.50	1.23

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Figure 1 - Vammala Production Centre.

Figure 2 - Jokisivu Gold Mine.

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Figure 3 - Plan view of results from the underground diamond core drilling program that targeted the footwall zones at Arpola between the 120m and 210m levels at the Jokisivu Gold Mine.

Figure 3 - Results from the underground diamond core drilling program that targeted the footwall zones at Arpola between the 120m and 210m levels at the Jokisivu Gold Mine. View looking west.

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APPENDIX 1 - JORC TABLE 1

Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Sampling	•	Nature and quality of sampling (eg cut channels,	In the reported campaign, the Arpola footwall zones at the Jokisivu
techniques		random chips, or specific specialised industry	Gold Mine have been sampled by an underground diamond core
		standard measurement tools appropriate to the	program.
		minerals under investigation, such as down hole	The Company completed 24 underground diamond core drill holes
		gamma sondes, or handheld XRF instruments, etc).
		These examples should not be taken as limiting the for an advance of 2,111.50 metres that was designed to evaluate the
		broad meaning of sampling.	footwall zones of the Arpola deposit between the 120m and 210m
	•	Include reference to measures taken to ensure sample	levels.
		representivity and the appropriate calibration of any Drill holes were orientated predominantly to the south (local
		measurement tools or systems used.	mine grid) and drilled in a fan array at various angles which are
			approximately perpendicular to the orientation of the mineralised

• Aspects of the determination of mineralisation that trends. Pierce points are nominally spaced at 20 metres vertically are Material to the Public Report. In cases where and 20 to 30 metres horizontally for underground drilling. 'industry standard' work has been done this would
  be relatively simple (eg 'reverse circulation drilling Drill hole collars and starting azimuths have been accurately was used to obtain 1 m samples from which 3 kg surveyed with a Leica TCRP 1203+ Total Station. Azimuth was pulverised to produce a 30 g charge for fire deviations of the holes were surveyed with Reflex Maxibor II or

		assay'). In other cases more explanation may be	Devico Deviflex equipment.
		required, such as where there is coarse gold that has	All drill core is geologically and geotechnically logged,
		inherent sampling problems. Unusual commodities
		or mineralisation types (eg submarine nodules) may	photographed and mineralised zones sampled with lithological
		warrant disclosure of detailed information.	control. Sampling and QAQC protocols are as per industry best
			applicable practice.
			Drill cores are sampled with lithological control to a maximum
			down hole length of 1.5 metres. Sample intervals are measured
			by tape from depth intervals shown on core blocks labelled by the
			drillers.
			Samples were collected by Dragon Mining personnel and dispatched
			via road transport to ALS Minerals for sample preparation and
			analysis for gold by fire-assay methods.
Drilling	•	Drill type (eg core, reverse circulation, open-hole	Diamond core, percussion, sludge, and reverse circulation (RC) are
techniques		hammer, rotary air blast, auger, Bangka, sonic, etc)	the primary drilling techniques that have been used at the Jokisivu
		and details (eg core diameter, triple or standard	Gold Mine.
		tube, depth of diamond tails, face-sampling bit or	Underground drilling in the reported program was completed by
		other type, whether core is oriented and if so, by
		what method, etc).	T56/WL-56 (39.0mm) diamond core methods.
			Core from underground drilling is collected with a standard tube.
			Core has not been orientated for definition drill programs but is
			sometimes for exploration drill programs. Hole deviation surveys
			are completed on all drill holes using Reflex Maxibor II or Devico
			Deviflex equipment.

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Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Drill sample	•	Method of recording and assessing core and chip	Diamond core was reconstructed into continuous runs with depths
recovery		sample recoveries and results assessed.	checked against core blocks. Core loss observations were noted by
			geologists during the logging process. All information is recorded in
	•	Measures taken to maximise sample recovery and	the database.
		ensure representative nature of the samples.	Sample recovery in the completed campaigns is high with drill core
	•	Whether a relationship exists between sample	having recoveries >95%.
		recovery and grade and whether sample bias may	Experienced underground drilling contract groups were engaged to
		have occurred due to preferential loss/gain of fine/
		coarse material.	undertake the program of work. Drilling contractors are supervised
			and routinely monitored by Dragon Mining personnel.
			Drilling is well planned to avoid existing underground development
			and is undertaken in primary rock material.
			No relationship was noted between sample recovery and grade. The
			mineralised zones have predominantly been intersected by diamond
			core with good core recoveries. The consistency of the mineralised
			intervals suggests sampling bias due to material loss or gain is not
			an issue.
Logging	•	Whether core and chip samples have been	All holes were logged by Dragon Mining geologists to a high
		geologically and geotechnically logged to a level	level of detail that will support Mineral Resource and Ore Reserve
		of detail to support appropriate Mineral Resource	estimation.
		estimation, mining studies and metallurgical studies.	Diamond holes were logged for recovery, RQD, number and type of
	•	Whether logging is qualitative or quantitative in	defects. The database contains tables with information recorded for
		nature. Core (or costean, channel, etc) photography.	alpha/beta angles, dips, azimuths, and true dips. Specific indicator
			minerals and the amount and type of ore textures and ore minerals
	•	The total length and percentage of the relevant	were also recorded within separate tables.
		intersections logged.	Drill samples were logged for lithology, rock type, colour,
			mineralisation, alteration, and texture. Logging is a mix of
			qualitative and quantitative observations.
			It has been standard practice that all diamond core be routinely
			photographed.
			All holes were logged in full.

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Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Sub-sampling	•	If core, whether cut or sawn and whether quarter,	For definition programs Dragon Mining collect full core samples of
techniques		half or all core taken.	select zones for analysis from underground diamond core drill holes.
and sample
preparation	•	If non-core, whether riffled, tube sampled, rotary	All drilling in this report has been completed by diamond core
		split, etc and whether sampled wet or dry.	methods. No riffle, rotary or tube sampling was required.

• For all sample types, the nature, quality and Samples of select zones were collected for analysis by company

	appropriateness of the sample preparation technique.	personnel. With respect to the nature of the mineralised system and
		the core diameter, the use of either full or half core is considered
•	Quality control procedures adopted for all sub-	appropriate.
	sampling stages to maximise representivity of	Sample preparation is completed by ALS Minerals and follows
	samples.
		industry best applicable practice. ALS Minerals procedures and

• Measures taken to ensure that the sampling is facilities are organised to assure proper preparation of the sample representative of the in situ material collected, for analysis, to prevent sample mixing, and to minimise dust

including for instance results for field duplicate/	contamination or sample to sample contamination.
second-half sampling.	Core samples are submitted to the ALS Minerals facility in

• Whether sample sizes are appropriate to the grain Outokumpu, Finland for sample preparation by method PREP-31BY.

size of the material being sampled.	Samples were weighed, assigned a unique bar code and logged into
	the ALS Minerals system. The sample was dried, fine crushed to
	>70% passing 2mm screen. A split off weighing 1kg is collected
	and pulverised to better than 85% passing 75 microns. A sub-sample
	is collected for analysis at the ALS Minerals facility at either Rosia
	Montana, Romania or Loughrea, Ireland.
	The method selected for sample preparation is considered
	appropriate.
	Certified reference material and blanks are routinely inserted with
	the sample submission. Dragon has used systematic standard and
	pulp duplicate sampling since 2004. Every 20th sample (sample id
	ending in -00,-20,-40,-60,-80) is submitted as a standard, and
	every 20th sample (sample id ending in -10,-30,-50,-70,-90) is
	inserted as a pulp duplicate (with the original sample id ending in
	-09,-29,-49,-69,-89).
	A review of the results of the certified reference material and blanks
	indicates that they are within acceptable limits.
	A review of the results of the pulp duplicate samples indicates that
	they are within acceptable limits.
	Sample sizes are considered appropriate to correctly represent the
	moderately nuggetty gold mineralisation based on: the style of
	mineralisation, the thickness and consistency of the intersections,
	the sampling methodology and assay value ranges for gold.

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Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Quality of	•	The nature, quality and appropriateness of the	Analysis has been completed at ALS Minerals in Rosia Montana,
assay data and		assaying and laboratory procedures used and	Romania or Loughrea in Ireland using procedures Au-AA25
laboratory tests		whether the technique is considered partial or total.	(Detection Limit - 0.01 g/t gold; Upper Limit - 100.00 g/t gold) -
			30g fire assay with AAS finish. Gold values exceeding 3 g/t gold are
	•	For geophysical tools, spectrometers, handheld XRF	re-assayed by Au-GRA21 (Detection Limit - 0.05 g/t gold; Upper
		instruments, etc, the parameters used in determining	Limit - 1,000.00 g/t gold) - 30g fire assay with gravimetric finish.
		the analysis including instrument make and model,	ALS Minerals are a certified global laboratory group. They are
		reading times, calibrations factors applied and their
		derivation, etc.	monitored by an internal QAQC program and a QAQC program
			implemented by Dragon Mining, both of which include blank
	•	Nature of quality control procedures adopted (eg	material, duplicates and certified reference material.
		standards, blanks, duplicates, external laboratory	The analytical techniques used are considered total.
		checks) and whether acceptable levels of accuracy (ie
		lack of bias) and precision have been established.	No geophysical tools, spectrometers, handheld XRF instruments or
			similar device was used for analytical purposes on sample material
			collected.
			QAQC protocols are stringently adhered to throughout the duration
			of all drilling programs undertaken by Dragon Mining.
			The protocols of the QAQC program implemented by Dragon
			Mining includes the insertion of certified reference material (three
			ranges used - high, medium and low) and blank material on a 1
			sample every 20 sample basis and the insertion duplicate samples on
			a 1 sample every 20 sample basis.
			ALS Minerals implement an internal QAQC program that includes
			the insertion of blanks, certified reference material and duplicates
			with each analytical run.
			A review of both the Dragon Mining and ALS Minerals QAQC
			results indicates that the blank material, certified reference material
			and duplicates are within acceptable limits.

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Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Verification of	•	The verification of significant intersections by either	All significant intercepts are reviewed and verified by Dragon
sampling and		independent or alternative company personnel.	Mining geologists.
assaying	•	The use of twinned holes.	No twinned holes have been drilled in the reported programs.
	•	Documentation of primary data, data entry	Primary data is collected by Dragon Mining personnel at site using
		procedures, data verification, data storage (physical	Excel work sheets. All measurements and observations are digitally
		and electronic) protocols.	recorded and transferred into an Access database.
	•	Discuss any adjustment to assay data.	Primary assay data is received direct from the laboratory in digital
			format. Primary assay and QAQC data is entered into an Access
			database.
			Verification and validation of the databases is handled internally.
			No adjustment has been made to the assay data.
Location of data	•	Accuracy and quality of surveys used to locate drill	Drill hole collars and starting azimuths have been accurately
points		holes (collar and down-hole surveys), trenches,	surveyed by contract surveyors. Down hole surveys are undertaken
		mine workings and other locations used in Mineral	on all exploration and resource development holes.
		Resource estimation.	Collars and underground mine surveys are performed using a Leica
	•	Specification of the grid system used.	TCRP 1203+ Total Station to a level of accuracy of 0.05 metres.
	•	Quality and adequacy of topographic control.	Down hole surveys are carried out on all drill holes using a Maxibor
			II, EMS multi-shot or Devico Deviflex device. Down hole dip
			values were recorded at 10m intervals.

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Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Data spacing and	•	Data spacing for reporting of Exploration Results.	The grid system used for the reporting of results is the Finnish Grid
distribution	•	Whether the data spacing and distribution is	System - KKJ2. A local mine grid is used at the Jokisivu mine.
	The local grid system is parallel to National Grid System, and
		sufficient to establish the degree of geological
		and grade continuity appropriate for the Mineral	equivalence of systems as follows (examples of coordinate values):
		Resource and Ore Reserve estimation procedure(s)	NorthingNat 6,779,500.00 = NorthingLoc 9,500.00,
		and classifications applied.
			EastingNat 2,425,800.00 = EastingLoc 5,800.00,
	•	Whether sample compositing has been applied.	ElevationNat 80.00 = ElevationLoc 0.00.
			NorthingLoc = NorthingNat - 6,770,000m
			EastingLoc = EastingNat - 2,420,000m
			ElevationLoc = ElevationNat - 80m
			A series of fixed points are located at the surface form the basis of
			all topographic control at the Jokisivu Gold Mine. Additional fixed
			points have been established along the underground development
			and function as the elevation control underground.
			Underground drilling has been undertaken in a fan array type
			pattern. Pierce points are usually spaced nominally at 20 metres
			vertically and 20 metres horizontally. Sample lengths down hole
			varies and is dependent on geology.
			Mineralisation displays satisfactory continuity in both geology
			and grade from hole to hole and will be sufficient to support
			the definition of a Mineral Resource or Ore Reserve and the
			classifications contained in the JORC Code (2012 Edition).
			No sampling compositing has been applied.
Orientation of	•	Whether the orientation of sampling achieves	Drill holes are orientated predominantly to either the north or south
data in relation		unbiased sampling of possible structures and the	(local mine grid) and drilled at an angle which is approximately
to geological		extent to which this is known, considering the deposit	perpendicular to the orientation of the mineralised trends.
structure		type.	The majority of drill holes are underground drill holes and
	•	If the relationship between the drilling orientation	completed at various angles in a 'fan' array to optimally intersect
		and the orientation of key mineralised structures is	the orientation of the mineralised trends.
		considered to have introduced a sampling bias, this	No orientation based sampling bias has been identified in the data.
		should be assessed and reported if material.

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Section 1 Sampling Techniques and Data - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Sample security	•	The measures taken to ensure sample security.	Chain of custody of samples is managed by Dragon Mining. Dragon
			Mining personnel or drill contractors transport diamond core to
			the core logging facilities where Dragon Mining geologists log
			the core. Core samples are transported to the sample preparation
			laboratory and then on to the analysis laboratory using contract
			couriers or laboratory personnel. Dragon Mining employees have no
			involvement in the preparation or analysis of samples.
Audits or reviews	•	The results of any audits or reviews of sampling	Dragon Mining undertakes its own reviews and audits of sampling
		techniques and data.	techniques and data.
			Dragon Mining has completed audits of the ALS Minerals facilities
			at Outokumpu, Finland; Rosia Montana, Romania and Vancouver,
			Canada.
			The completed reviews and audits raised no issues.
Section 2 Reporting of Exploration Results - Jokisivu Gold Mine
Criteria	JORC Code Explanation	Commentary
Mineral tenement	•	Type, reference name/number, location and ownership	The Jokisivu Mining Concessions cover both the Arpola and Kujankallio
and land tenure		including agreements or material issues with third parties	deposits, which Dragon Mining are actively mining.
status		such as joint ventures, partnerships, overriding royalties,	Mining Concessions 'JOKISIVU' (K7244, 48.32 ha), 'JOKISIVU 2'
		native title interests, historical sites, wilderness or
		national park and environmental settings.	(KL2015:0005, 21.30 ha) and 'JOKISIVU 3' (KL2018:0010, 8.97 ha).
			Exploration Licenses immediately adjacent to the Mining Concession area:
	•	The security of the tenure held at the time of reporting	Jokisivu 4-5 (ML2012:0112, 85.76 ha) and Jokisivu 7-8 (ML2017:0131,
		along with any known impediments to obtaining a license	18.60 ha).
		to operate in the area.	The tenements are in good standing and no known impediments exist.
Exploration done	•	Acknowledgment and appraisal of exploration by other	The first indication of gold mineralization in the Jokisivu area was
by other parties		parties.	obtained in 1964.
			Outokumpu Oy began exploring the area in 1985 and continued until
			2003, when Dragon Mining acquired the Project. Dragon Mining advanced
			the project over the ensuing years, undertaking extensive drilling and
			completing mining studies to enable production to commence in 2009.
			Production from the Jokisivu Gold Mine commenced with open-pit mining
			of the near surface portion of the Kujankallio deposit in September 2009.
			The near surface portion of the Arpola deposit was also mined by open-pit
			methods in 2011.
			Underground development of the Kujankallio deposit commenced in
			September 2010 access achieved through a decline portal located at the
			eastern most end of the Kujankallio open pit. Underground production
			from the Arpola deposit commenced in 2014.

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Section 2 Reporting of Exploration Results - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Geology	•	Deposit type, geological setting and style of	The Jokisivu Gold Mine is located in the Paleoproterozoic Vammala
		mineralisation.	Migmatite Belt, which is dominated by tonalitic and granodioritic
				gneisses, micagneiss, migmatites, intermediate and mafic metamorphosed
				volcanic rocks as well as felsic and mafic plutonic rocks.
				Gold mineralisation is hosted within a sheared and quartz-veined diorite
				unit surrounded by mica gneiss. The Kujankallio deposit consists of
				several gold-bearing lodes, having a total length of at least 350 metres.
				The lodes strike northeast, primarily dipping 50 degrees to the southwest.
				The nearby Arpola deposit consists of several east-west trending gold
				lodes that extend over length of 150 metres. The Arpola lodes strike
				northeast and dip 50 degrees to the southwest.
				Both deposits represent structurally controlled gold systems.
Drill hole	•	A summary of all information material to the under-	The Kujankallio and Arpola deposits form the Jokisivu mine.
information		standing of the exploration results including a tabulation	The most recent diamond drilling has targeted the footwall zones of the
		of the following information for all Material drill holes:
		•	easting and northing of the drill hole collar	Arpola deposit, confirming the continuity of these zones.
		Full details of the holes drilled and their results is provided in:
		•	elevation or RL (Reduced Level - elevation above
		Table 1 - Results from the underground diamond core drilling program
			sea level in metres) of the drill hole collar
				that targeted the footwall zones of the Arpola deposit between the 120m
		•	dip and azimuth of the hole	and 210m levels at the Jokisivu Gold Mine. All intercepts reported at a 1
		•	down hole length and interception depth	g/t gold cut-off.
		The Jokisivu Gold Mine has been operating since 2009. In the opinion
		•	hole length	of Dragon Mining, material drill results have been adequately reported
				previously to the market as required under the reporting requirements of
	•	If the exclusion of this information is justified on the basis	the ASX Listing Rules and HKEx Listing Rules.
		that the information is not Material and this exclusion
		does not detract from the understanding of the report, the
		Competent Person should clearly explain why this is the
		case.

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Section 2 Reporting of Exploration Results - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Data aggregation	•	In reporting Exploration Results, weighting averaging	Weighted average gold intercepts are reported at a 1 g/t gold cut-off
methods		techniques, maximum and/or minimum grade truncations	with up to 2 metres of internal dilution allowed. No high grade cuts were
		(e.g. cutting of high grades) and cut-off grades are usually	applied.
		Material and should be stated.	High grade intervals internal to broader zones of mineralisation are
	•	Where aggregate intercepts incorporate short lengths of	reported at a 15 g/t gold cut-off as included intervals.
		high grade results and longer lengths of low grade results,	No metal equivalent values have been used or reported.
		the procedure used for such aggregation should be stated
		and some typical examples of such aggregations should be
		shown in detail.
	•	The assumptions used for any reporting of metal
		equivalent values should be clearly stated.
Relationship	•	These relationships are particularly important in the	The recent drill holes at Arpola were orientated at an average local grid
between		reporting of Exploration Results.	azimuth of 166° and angled to an average dip of approximately -14°,
mineralisation			which is approximately perpendicular to the orientation of the mineralised
widths and	•	If the geometry of the mineralisation with respect to the	trends.
intercept lengths		drill hole angle is known, its nature should be reported.	At Arpola the narrow mineralised zones strike at approximately 280° (local
	•	If it is not known and only the down hole lengths are	grid) and are variably dipping between 45° and 65° to the north (local
		reported, there should be a clear statement to this effect	grid).
		(e.g. 'down hole length, true width not known').	Only down hole lengths have been reported, true width not reported.
Diagrams	•	Appropriate maps and sections (with scales) and	Relevant diagrams have been included within the main body of text.
		tabulations of intercepts should be included for any
		significant discovery being reported. These should
		include, but not be limited to a plan view of drill hole
		collar locations and appropriate sectional views.
Balanced Reporting	•	Accuracy and quality of surveys used to locate drill holes	Reporting of drill details has been provided in this report. All meaningful
		(collar and down-hole surveys), trenches, mine workings	and material exploration data has been reported.
		and other locations used in Mineral Resource estimation.	Full details of the holes drilled and their results is provided in:
	•	Where comprehensive reporting of all Exploration Results
	Table 1 - Results from the underground diamond core drilling program
		is not practicable, representative reporting of both low
		and high grades and/or widths should be practiced to	that targeted the footwall zones of the Arpola deposit between the 120m
		avoid misleading reporting of Exploration Results.	and 210m levels at the Jokisivu Gold Mine. All intercepts reported at a 1
			g/t gold cut-off.

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Section 2 Reporting of Exploration Results - Jokisivu Gold Mine

Criteria	JORC Code Explanation	Commentary
Other substantive	•	Other exploration data, if meaningful and material, should	Investigative geological work completed at the Jokisivu Gold Mine is
exploration data		be reported including (but not limited to): geological	dominated by diamond core drilling. The results for completed drilling
		observations; geophysical survey results; geochemical	campaigns have previously been regularly reported to the ASX.
		survey results; bulk samples - size and method of
		treatment; metallurgical test results; bulk density,
		groundwater, geotechnical and rock characteristics;
		potential deleterious or contaminating substances.
Further work	•	The nature and scale of planned further work (e.g. tests	Mine development is ongoing. Dragon Mining is undertaking drilling
		for lateral extensions or depth extensions or large - scale	underground at a number of levels to better understand the nature and
		step-out drilling).	extent of the gold mineralisation.
	•	Diagrams clearly highlighting the areas of possible	Refer to diagrams in the body of text.
		extensions, including the main geological interpretations
		and future drilling areas, provided this information is not
		commercially sensitive.

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