Polymetals Resources Limited (Polymetals or the Company) commissioned Rutherford Mineral Resource
Consultants (RMRC) to prepare an Independent Geologist’s Report (IGR or the Report) on two mineral
exploration licences, located in Guinea, West Africa, which form the core assets of Polymetals. Polymetals
acquired the licences by purchase of the holder company Golden Guinea Resources SARL (GGR) a wholly
owned subsidiary of Craton Resources Limited (Craton). The tenements are located within the Siguiri
Basin in the north eastern portion of Guinea in West Africa. RMRC understands that this IGR will be included
in a prospectus to be lodged with the Australian Securities & Investments Commission (ASIC) on or about
the 16th of April 2021.