Ronin Resources Ltd. announced that is has received formal confirmation from the Colombian National Mining Agency (ANM) that the transfer of the FI3-152 Mining Contract to Ronin's wholy owned Colombian subsidiary Cooperativo Minero de Norte de Santander SAS has been approved. The company now looks forward to finalising the registration of the FI3-152 Mining Contract in the coming months. Exploration & Business Development: Since listing, the Company has assessed a number of complementary new business opportunities, capable of driving shareholder returns, and will continue to actively do so.

The Board anticipate shortly completing a site visit and commencing high level due diligence on one such opportunity. Vetas Project: The Company's primary asset is its 100% interest in the Vetas Project, which consists of c5,000 hectares hosting a shallow, high tonnage coal deposit. To date, coal quality data made available from trenching and surface samples shows high calorific value coal, in excess of the Colombian thermal export benchmark (API10), which is also low in ash and sulfur.

Samples demonstrate the potential for a direct shipping coal, which would not require washing. As sampled coal was subjected to weathering, true coal quality is potentially slightly-to-moderately better. Samples collected to date support further testing of the coal's suitability for sale in the PCI and Semi Soft Metallurgical Coal Markets.

Compared to other major Colombian producers, where, as a general rule, calorific value and product quality is falling, Vetas Coal may have a market as a blending coal.