AJN Resources Inc. has now responded to applications from Congo Ressources SAU ("CRS") to acquire certain gold exploration permits, which
are located in the Kilo-Moto Belt in the north-eastern DRC as shown in Figure 1, and an area located in Tanganyika Province that is prospective for lithium and that originates from the partial relinquishment (which is disputed) of exploration permit number PR 13359, which covers the northern portion of the Manono pegmatite as shown in Figures 2 and 3. CAMI has stated that CRS may apply to acquire five gold exploration permits, known as the Wanga Project, which cover 1,694 km2 in the Wanga mining area located circa 30 km to the west of Kibali Gold Mine, and two areas, which cover 785 km2, in the Kilo Belt in the eastern DRC. Further clarification from CAMI and the Mining Ministry is needed before the administrative processes for the transfer to CRS of the remaining gold permits shown in Figure 1 and the Manono lithium permit shown in Figures 2 and 3 can be completed. It is the intention of the parties that once all licences, including those not immediately available for application, are granted, the proposed transaction will close and (1) Congo Ressources SAU will hold a 100% direct interest in the secured licences and become a wholly owned subsidiary of AJN, and (2) AJN will issue, to the State, that number of common shares in the capital of AJN so that after closing the State will hold sixty percent (60%) of the fully-diluted issued and outstanding common shares of AJN, whereby the calculation of the sixty percent (60%) is to be made immediately after the closing and completion of one or more financings. The Wanga Project consists of applications for five permits, which cover 1,694 km2 in the Kilo-Moto Greenstone Belt of the Haut Uele Province in north-east DRC, roughly 180 km ENE of the provincial capital, Isiro. The Wanga Project area lies within the Kibali volcano-sediments of the Moto granite-greenstone belt and is bounded to the north by the West Nile Gneiss and to the south by granites of the Watsa domain. The Belt is host to the Kibali Gold Mine owned by Barrick and Anglogold Ashanti, situated 35 km to the east of the project. Within the Wanga Project area there are numerous sites of historical bedrock and placer gold mining. Many of these locations are now being exploited by local artisanal gold mining activities. Locally, the Wanga Project area is comprised of volcano-sedimentary rocks with intermediate intrusives and basement plutonic rocks which dominate the west-central portion of the project area. Gold mineralization has been observed within quartz veins in Banded Iron Formation (BIF) adjacent to mineralized diorites, quartz veins at the greenstone-granite contact and gold associated with hematite and quartz veinlets within mafic rocks. Alluvial gold was mined by the Belgians and by artisanal miners more recently. Two main areas, Ao and Tendao, shown in Figure 4 were mined historically by the Belgians in the early 1900's and are currently the focus of extensive artisanal mining. At Tendao, previous explorers identified extensive workings over a broad 4 km long, WNW trending zone where artisanal mining is focused on the NNE trending Mondial workings and the north-west trending CPA workings (Figure 5). Additional mineralised structures currently being mined by artisanal means will be followed up with systematic soil sampling and drilling programmes to better understand the true potential of these mineralised zones. Work to date by previous owners has identified approximately one kilometer of strike extent to the intrusion which is around 200-300 meters wide at the Mondial workings. Quartz veins in an Fe rich host rock occur along the contact of the dioritic intrusive. Individual quartz veins have reported grades of up to 1m at 27g/t Au whereas the intrusive itself is of lower gold grade, with previous explorers quoting up to 3g/t Au in this unit. The Belgian drilling results over the same contact zone reported 6.4m at 17.53g/t Au, 4m at 2.55g/t Au, 3m at 3.60g/t Au and 4m at 8.45g/t Au from a drill section as shown in Figure 6. Only zones with visible mineralisation in quartz veins were sampled and the wall rock, now known to be mineralised, was not sampled routinely by the Belgians. The CPA artisanal working is a recent artisanal discovery where mining is focused along a broad north- west trending shear zone to the north of Mondial. Gold mineralisation is concentrated in a close spaced network of several millimetric sized quartz and ferruginous stringers in an iron rich saprolite. Artisanal mining is focused over a width of approximately 50m across the structure. Sampling by previous owners returned significant results, including 13m at 3.36g/t Au. In 2012, New Resolution Geophysics flew almost 8,000 line kilometres of heliborne magnetics and radiometrics for Mineral Invest International AB. Geophysical data was reviewed and interpreted by SRK ES. Seven priority targets were the result of this interpretation that now form the basis for several drill ready targets identified by previous explorers.