Press Release

Natural Resource Exploration

April 29, 2014

Ground Truthing and Sample Orientation Survey

– Akoda Mining Limited (Akoda) is exploring for gold in two licence areas in the Koinadugu district of Northern Province, Sierra Leone. ACA Howe International Limited (ACA Howe) has completed a satellite image interpretation of the licences which identified a number of target areas with potential for gold mineralisation and which also suggested limited potential for the location of diamonds.

A number of targets were identified from satellite image interpretation and from the 2013 stream sediment survey. The potential of these targets to host mineralisation will be assessed by site visits in order to confirm the structural setting and sample any mineralisation identified in outcrop or float. The site visits will also allow prioritisation of the targets and selection of the best exploration methods required to evaluate each target during Phase 2 of exploration programme.