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CONGRATULATIONS TO THE RAKITA TEAM

Concerning the obtaining of a license for the construction of the exploration decline, i.e. the execution of mining activities regarding the exploration of solid mineral raw materials at Cukaru Peki deposit near Bor, Nevsun’s CEO Peter Kukielski and the company Rakita Managing Director Jerzy Orzechowski congratulate the Rakita team on their efforts and contribution to the implementation of project activities:

“We congratulate the entire Rakita team on obtaining a license for the execution of mining activities regarding the exploration of solid mineral raw materials. This is indeed a significant milestone for the Cukaru Peki Project. The more important the fact that this license is the first of its kind issued under the new Law on Mining. This ranks Nevsun (Rakita) among the most important investors in the Serbian mining sector. We are both truly proud to be members of this team. We thank you for your efforts and dedication, and we look forward to advancing this extraordinary project towards production”.

Best regards,

Peter Kukielski and Jerzy Orzechowski