Giyani Metals Corp. announced that it has entered into a non-binding term sheet with Traxys Africa Trading (Pty) Ltd. which sets out terms for an investment of $1 million in the form of a secured convertible loan facility under which Traxys will have exclusive rights to market all of the direct shipping ore (“DSO”) manganese material processed and produced from the Company’s K.Hill and Otse reclamation projects in Botswana. Key terms of the convertible facility terms settled with Traxys include: Principal amount of up to $1 million, which will be available in two draws over a 12-month period; Net proceeds from the sale of DSO by Traxys will be used to reduce the principal amount outstanding of the convertible facility; Traxys will be granted a right of first refusal to provide additional debt financing for the K.Hill project in exchange for the right to market 100% of mined ore and electrolytic manganese metal produced from the K.Hill project; Repayment of the convertible facility will be secured by the surface stockpile of ore at the K.Hill and Otse projects, and other personal property security. The convertible facility will also bear interest at a rate equal to the aggregate of 10% and the US Dollar LIBOR per annum compounded quarterly and will mature 36 months from the date that all conditions precedent to draw down have been satisfied.