Lingbao Gold Group Company Ltd. has announced a discloseable asset transaction involving the subscription of 50% plus one share of the equity interest in St Barbara Mining Pty Ltd. The transaction value was determined with reference to a valuation of the Simberi gold mine project, following financial due diligence conducted by an independent professional valuation firm. Completion of the transaction is subject to the fulfillment of conditions precedent under the Equity Placing Agreement.

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