Theta Gold Mines Limited reported on continued project development initiatives at the Starter Theta Project. The team in South Africa is fully operational onsite and has completed the following activities: a geotechnical drill program; geophysical survey work to inform waste rock dumps and pollution control dams. Further details on these project development initiatives are listed below: A 35-hole RC and diamond drill program for geotechnical studies; Completion of 11 geotechnical test pits; Completion of a 5 km2 gravity survey. Theta Gold is also pleased to confirm that financing negotiations with a number of parties are advancing well with some now moving towards the next stage. The Company is focused on pursuing opportunities that result in minimal dilution to shareholders and a number of attractive propositions are being assessed by the Board. As part of the detailed engineering design for the mining structures, a geotechnical assessment was carried out at the footprints for the waste rock dumps and pollution control dams for the project. See Appendix A Geotechnical Drilling, Appendix B Test Pits and Appendix C Gravity Survey. The main areas assessed were the Iota Waste Rock Dump North; Iota Pollution Control Dam; Wishbone Waste Rock; the dump which will accommodate the Browns and Theta Pits initial waste, and Wishbone Pollution Control Dam.