Mining Operations

Introduction

Mingo Affiliates Services, Inc. (MASI) operates its gold mining concessions through its subsidiary, “Mingo Gold”. Mingo Gold (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 and 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.

Property Description and Location

The Seekoto Benkanto, Bencoutou, the Sining Kang and Book Voon Mining Concessions are located in the Southeastern corner of Senegal in the Kedougou Region. The concessions are 20 kilometers north of the city of Kedougou. Both concessions are located side by side, separated by 50 meters as depicted on the map below. (Figure 2.1) Each Concession measures 50 hectares each.

Access to the property is gained using a dirt road at kilometer marker 17 of the major road way N-7. N-7 is a major road that runs from the Capital City or Dakar to the City of Kedougou and access into Mali. The Benkanto and Sining Kang Mines are located 3 kilometers east of N-7.

The Diakha Gold and Diamond Mine is located in the eastern region of Kedougou, accessible by dirt road from Ntional highway 7 some 10 km from the village of Bousankhoba.

Tenure History

The Seekoto Benkanto GIE, (Group Interest Economic) applied for and was granted GIE status on October 10, 2008 under registration number SNBTC 2008 C 594.

The GIE is similar to a LLC in the United States but with less protections.

The Seekot Benkanto applied for and was granted the Gold Mining Concession from the Director of Mines and Geology on January 22, 2010. The Seekoto Benkanto GIE and MASI signed a Joint Venture Agreement on March 26, 2013 giving MASI the exclusive rights to the Mining Concessions under the Senegalese Mining Code.

The Sining Kang GIE (Group Interest Economic) applied for and was granted GIE Status on November 24th, 2008 under registration number SNTBC 2008 C 668. The Sining Kang GIE (Group Interest Economic) applied for and was granted the Gold Mining Concession from the Director of Mines and Geology on January 25th, 2010. The Sining Kang and MASI signed a Joint Venture Agreement on April 30th, 2013, giving MASI the exclusive rights to the Mining Concessions under the Senegalese Mining Code.

The Bencoutou GIE, (Group Interest Economic) applied for and was granted GIE status on October 10, 2008 under registration number SNTBC 2008. The GIE is similar to a LLC in the US but with less protection. The Bencoutou applied for and was granted the Gold Mining Concession from the Director of Mines and Geology on January 22, 2010. The Bencoutou GIE and MASI signed a Joint Venture Agreement on March 21, 2014 giving MASI the exclusive rights to the Mining Concessions under the Senegalese Mining Code.

The Diakha Gold and Diamond Mine applied for and was granted was granted a concession license on July 29th 2010, registration number 06899/MMIAPME/DMG. MASI and Diakha signed a Joint Venture agreement giving MASI the exclusive rights to the Mining Concession under the Senegalese Mining Code on March 9th, 2015.

Water Access

Access to the mining site is gained from the Gambian river which is located 2.8 kilometers east of the mine site. Article 73 of the Senegalese Mining Code gives holders of mining titles the right to extract water from the river.

MINGO GOLD

Mingo Affiliates Services Inc. (MASI) is a company founded and incorporated in the State of Florida, the United States on November 15, 2003 by Timothy C. Mingo and Thelma Harper Mingo and is the parent company to Mingo Gold. The company was established as a Sub Chapter S Corporation. The company’s original core business was in the Services Industry, but quickly transitioned into the Import and Export business. The company began its mining operations business in 2011 and currently owns five mining concession rights in The Republic of Senegal along with an Exploration and Prospection license.

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