Snow Peak Mining-Wanguo International Mining Group exploration agreements signed:

• Farm In Agreement – Regional Project

• Minerals Royalty Deed – Near Mine Project

The SPM-Wanguo Exploration Agreements

Wanguo is a Hong Kong listed public company and is principally engaged in the business of mining, with an operating copper mine in the Jiangxi Province.

CSD has an interest in the SPM-Wanguo agreements through its current 9.8% shareholding in Snow Peak Mining (SPM), and the recently announced Memorandum of Understanding to acquire all SPM’s assets, including all tenements and mining information.

A formal Asset Sale Agreement is anticipated to be finalised between CSD and SPM in the near future and it is intended that following shareholder approval at the upcoming EGM (anticipated December 2014), the Wanguo agreements will be assigned to CSD. Figure 1 shows the SPM tenements, which are included in the proposed SP M/CSD asset acquisition and those to be assigned under the Wanguo agreements.

Accordingly, transactions and activities relating to SPM’s assets are now of direct interest to CSD as it moves towards finalising the formal agreement with SPM and prepares for an Extraordinary General Meeting for CSD shareholders to consider the Asset Sale Agreement.

The two agreements with Wanguo set out two separate exploration areas:

Farm In Agreement – Regional Project:

• Includes the Einasleigh region, and that part of the Surveyor-Balcooma region which is outside the granted Mining Leases ML 1393 and ML 30156

• Wanguo will undertake a minimum of 150,000 metres of exploration drilling within three years in return for a stake in the Regional Project – earning up to a maximum 50%.

• SPM will enter into a 50/50 Joint Venture with Wanguo in respect of the Regional Project should

Wanguo:

• successfully reach an additional JORC Measured Resource of 20 million tonnes at a minimum average grade of greater than 1% copper or greater than 10% zinc plus lead; or

• complete a minimum of 150,000 metres of exploration drilling

Minerals Royalty Deed – Near Mine Project:

• Includes tenures located near Mt Garnet, the Mait land project, and that part of the Surveyor- Balcooma region which is inside the gran ted Mining Leases ML 1393 and ML 30156

• Wanguo will develop or upgrade a minimum of 200,000 tonnes per year to JORC Reserve category in return for a Net Smelter Return (NSR) in respect of each separate deposit within the Near Mine Project in which a JORC Reserve is defined by Wanguo. The NSR payable will be 3% for the first one million tonnes mined and proces sed from each deposit, and 1.5% thereafter.

Wanguo will fund and manage both the Near Mine and Regional Projects, as well as be responsible for all costs, environmental and reporting requirements relating to the specific tenures explored.

From the date of signing the formal Exploration Agreements, Wanguo has 30 days to commence exploration establishment activities, and 90 days to co mmence ground drilling activities in each project area. Wanguo mobilised personnel to the Survey or-Balcooma Project and commenced exploration establishment activiti es in September.

These two SPM-Wanguo Exploration Agreements will transfer to CSD with the mining tenements under the CSD-SPM Asset Sale Agreement upon appr oval of shareholders at a CSD EGM.