MASI operates its gold mining concessions through its subsidiary, “Mingo Gold”. Mingo Oro (MG) is organized under Senegalese law (registration number SN-DKR-2013-B-17644) and structured similarly to a US LLC. Mingo Gold holds its own individual Exploration, Prospection Authorization and Permit. The company’s five mining concessions consist of the “Seekoto Benkanto” Concession, the” Sining Kang” concession, the Bencoutou Concession, the Book Voon Concession and the Diakha Gold and Diamond Mine Concession. MASI has tentative agreements for additional concessions to be signed in the very near future and mining expansion plans in the DRC, Liberia and Guinea.