Production in Africa, Orders Modular Gold Recovery Plants for Mali and Ghana

The Think Environmental Co is pleased to announce that it has placed its second order with APT for 5 sets of modular gold recovery plants with complementary equipment such as concentrators, gemini tables and impact crushers from appropriate Process Technologies (“APT), with a totagold separation from black sandsl capital expenditure of US$2.02 million. The irst gold recovery plant was ordered in April 2011.

Both the first and second orders of modular gold recovery plants will be deployed in Phase 1 of the Company’s early production programme.

Appropriate Process Technologies (or “APT”) are well renowned for simple, effective plug-andplay gold recovery plants and these plants had been installed throughout Africa and abroad in over 40 sites. The RG60, RG200 and RG800 are modular gravity gold recovery plants that employ a general flow-process of scrubbing the material to remove the clays, then sizing with screens, concentrating using a Knelson concentrator, tabling for the clean-up of the concentrate and direct smelting to produce gold dore. This simple, yet effective process can be used on weathered surface oxides, previously panned materials, river bed, mine dumps and alluvial plains. These highly energy efficient modules are intended to be deployed rapidly in remote locations due to their completely prefabricated packaging where standalone power and utilities units are built-in. The stand-alone modules are simply arranged on a pre-prepared concrete slab at site.

First Gold Production in Africa Well In Sight

With today’s order of APT modular gold recovery plants and the existing order of RG60 set well on schedule, the Company’s first gold production target by September 2011 and boosted in November 2011 is well in sight. As part of its strategy to “accelerate” gold production whilst “amassing” gold concessions, an early production programme has been in place since the very first acquisition of concessions in Mali, West Africa. The Company has set its sight on a 3,000 oz per month target to be achieved by 31 March 2012.

“Our operating philosophy has been to spring into early production as soon as a reasonable level of certainty is reached in our assessment of sites. We have applied a systematic process of ongoing assessment, evaluation and prioritization as our tenements are very large and diverse, i.e., across 16 concessions in 4 countries” said Peter Chen, Chief Operating Officer of the Company’s gold division. The Company’s assessment of potential sites for early gold production rests on several key criteria - gold grade, gold recovery, immediately available tons of material to mine and process, potential life of mine, capital payback period, geological upside, site security, accessibility, as well as environmental and social conditions.

At Keikoro, Mali and Akropong, Ghana, the Company’s geologists have performed extensive soil sampling and trenching, and sent these samples for laboratory testing, in addition to studying a multitude of data sources. Tests yielded grades of gold, ranging from 2 g/ton to 20 g/ton, based on hundreds of test results across strike trends over 5 square kilometres.

“Keikoro, Dunkwa and Akropong had been prioritized for Phase 1 of our early production programme, as they meet our assessment criteria well. We have plans to double up the order of gold recovery equipment in Phase 2 over the next 3 months as several more sites have risen in order of priority” Peter Chen, Chief Operating Officer of the Company’s gold division added.

To recap, the Company has amassed 16 concessions in Mali, Ghana, the Philippines and Mongolia. It has adopted a model of financial sustainability based on a two-pronged stategy of accelerating early production in existing mines while amassing concessions in known gold-rich regions. The Company is also in the midst of a corporate transformation which is aimed at investing in and managing entities for the exploration for and exploitation of precious and other minerals, and natural resources. The Company is in the midst of re-naming itself “Liongold Corp Ltd” to better reflect the profile of its gold mining endeavours.