Nap Mining Machine: Subscription to Equity of Swiss Veritas Resources AG.

Nep mining machine announcement, the company's wholly-owned subsidiary, Singapore Nep Global Resources Investment Limited, subscribed to the newly issued shares of Swiss Veritas Resources AG in cash, with a total subscription amount of $45 million and $1.8 million, $6.3 million, or both. After the subscription is completed, the company will hold a 22.5% stake in Veritas Resources AG. Veritas Resources currently holds a 50% stake in CMH Colombia S.A.S., which owns interests in the Alacran copper-gold-silver mine, Alacran North deposit, Montiel East deposit, Montiel West deposit, and Costa Azul deposit within the San Matias project in Colombia through its wholly-owned subsidiary. After the capital increase of Veritas Resources is completed, it will acquire all mineral resources of Cordoba Minerals Corp. in Colombia, the main asset being its 50% stake in CMH company.