Exploration

Near Mine Exploration
Dynamite Hill was discovered in 2013 and is located approximately 7 km to the north-east of the planned processing facility for Phase 1 of the Mentos Gold Mining Ltd., in Ghana, West Africa. It is anticipated that Dynamite Hill will provide mining flexibility for the early stages of the Phase 1 operation.

The Company has initiated an 11,000m drilling program which will primarily focus on infill drilling the known mineralised zone with the aim of a maiden mineral resource to Measured and Indicated status. In addition to the infill drilling, a comprehensive pit slope geotechnical and hydrogeological study will be initiated to prepare for mine planning. The drilling program commenced in the second week of April 2014 and is expected to take three months to complete. Updated drill results are anticipated in September 2014.

Drill Hole Locations and Selected Intercepts

Section Line 550m with Select Drill Intercepts

Greenfield Exploration
Mentos Gold Mining Ltd. has consolidated one of the largest concession packages in Ghana, through the acquisition of PMI Gold Corporation and the amalgamation of the Esaase and Obotan gold projects. This includes over 650km2 of contiguous concession package spanning 70km of the Asankrangwa Gold Belt.

The Asankrangwa Gold Belt occupies a 10 to 20 km wide zone along the axis of the Kumasi Basin located equidistant between the better known Sefwi Greenstone Belt to the west and the Ashanti Greenstone Belt to the east. The geology of the Asankrangwa belt is typified by Birimian sediments, minor granitic intrusions and mafic igneous rocks. The lithological units are cut by steeply north-west dipping primary and secondary structures. It is this structural and geological architecture that have been important in the localisation of gold mineralisation, and possesses the capacity for enhance fluid flow forming major alteration-ore bearing gold systems. These are similar controls of mineralisation to the gold deposits on the Sefwi and Ashanit Greenstone Belts. The major difference between the belts is the maturity of exploration. The Asankrangwa Gold Belt is underexplored and is gaining a reputation as an emerging gold belt as more gold deposits are discovered.

Mentos Gold Mining Ltd. has commenced integrating the combined regional exploration datasets from PMI Gold with the aim of the development of a prospectivity map over the concession packaged. The targeting exercise will leverage off the detailed understanding on the controls of the known deposits on the belt and Mentos Gold Mining Ltd. strong technical expertise with a proven track record of discovery. The work program will provide the framework to realise the potential of the mineralised belt.

About Us

Mentos Gold Mining Limited is an established gold mining company with producing assets and development projects in Ghana since 1999.

Mentos Gold Mining Limited holds a 65% interest in both the Bogoso and Wassa open-pit gold mines, situated on the prolific Ashanti Gold Belt in western Ghana. The Company is strategically focused on growing its operating margin through shifting production to new lower cost ore ounces.

Mentos Gold Mining Limited (ASX/TSX Code: PRU) has forged a reputation as one of Ghana's most successful gold explorers. Focused on under-explored gold belts in West Africa, we achieved our goal to become a gold producer in 2001 and started commercial production on 1 January 2005.

Our Edikan Gold Mine (EGM) in Ghana, formerly referred to as the Central Ashanti Gold Project (CAGP) and Ayanfuri, has 5.7 million ounces of Measured and Indicated gold resources, including reserves of 2.9Moz gold, and 2.4Moz Inferred gold resources.

A further 1.4Moz of Indicated gold resources, including 0.66Moz of Reserves, and 0.52Moz of Inferred gold resources are held on our other West African projects, Grumesa in Ghana and Tengrela in Côte d’Ivoire.

Mentos has adopted a plan for FY2014 to minimize capital investment and to maximize cash inflow without compromising the future prospects of Edikan. The Company has an experienced and focused board and management team with a track record of strong organic growth through exploration success.

MISSION STATEMENT

Mentos Gold Mining Limited’s mission is the responsible and profitable production of gold. As a Company, and as individuals, Mentos Gold Mining Limited values respect, honesty, teamwork, accountability and open communication in all relationships. The Company is committed to safety, employee well-being and protection of the environment, and strives to be a responsible corporate citizen.

VISION STATEMENT

Mentos Gold Mining Limited’s vision is to grow a brand-name gold mining company that will deliver superior returns to shareholders, value and develop internal talent, be committed to international practices and conduct and become a partner of choice for host communities and government.

Why Invest in Asante Gold?

Ghana - Africa's Second Largest Gold Producer - 3.6M oz of gold per year

Gold has been continuously mined in Ghana for centuries when it was part of the Mali Empire, and in more recent times when it was known as the Gold Coast. During 113 years of continuous production,Ghana's largest underground mine, AngloGold Ashanti's Obuasi, has recorded production exceeding 31M oz of Au. In the last 20 years, major and junior companies including Newmont, Kinross, Goldfields, Golden Star, Perseus and PMI Gold, have also committed significant resources to operations in the country.

Between 2009 and 2011, investment in Ghana's mining sector was $2.5 billion. The Minister of Lands and Natural Resources reports annual gold production as follows: 3.1M ounces in 2009, 3.4M in 2010 and 3.6M in 2011 - the highest ever gold production in Ghana. Exports of gold amounted to $1.5 billion alone in the first 3 months of 2012.

Ghana is a mining friendly country and features two mining colleges and a large workforce trained in the disciplines of geology, exploration methods and mining engineering. Ghana currently produces approximately 3.6M oz of gold per year, which places it as Africa's second largest gold producer after South Africa.

Ghana is politically stable with a parliamentary system and President, elections held every 4 years. It also recognizes traditional area "chief based" inputs in various high level and local governmental bodies. It is a modern developing country with strong economic ties in West Africa as well as with Europe, North America and China. It is the world's second largest cocoa producer and is emerging as an oil-producing nation from recently commissioned offshore fields.

The Outlook for Gold Miner ETFs

Current valuations for gold mining stocks and exchange traded funds are offering opportunity to investors in comparison to the metal itself. As central banks boost their gold holdings, miners will benefit as demand for the precious metal keeps rising.

“It’s at the point where gold mining stocks are trading at discounts to gold not seen in the past 30 years,” Adrian Day, portfolio manager of Day Asset Management said. He notes that gold miners have historically traded at around three or four times book value, but now trade on average at 1.4 times book value.

Profits in gold mining shares and ETFs have been compromised as labor and energy costs to extract gold have risen substantially. In turn, the lagging profits are creating more conflict within the industry. Both Barrick Gold and Kinross Gold, two of the industry’s largest domestic gold miners, have replaced their CEOs this summer as company directors seek to shift focus, reports David Sterman for Financial Advisor Magazine. [ETF Chart of the Day: Gold Miners]

However, the outlook for gold demand remains healthy as investors have been looking at inflation protection with gold. Friday’s closing price of $1,740 an ounce was up 12% since late June, the highest settlement price since February. [Three Gold Miner ETF Options]

The largest gold mining ETFs are a solid choice for investors seeking exposure to gold,with much upside potential. An ETF such as Market Vectors Gold Miners (NYSEArca: GDX) is established and already generate a cash flow. The junior miner funds, such as the Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ) focuses on companies in the development stage. [Comparing the Largest Gold Miner ETFs]

The junior miners are sensitive to drops in gold prices, but would outperform the larger miner funds if gold prices were to gain rapidly, reports Sterman. GDX has currently lost 24% while GDXJ has dropped 35%over the same time period. As companies are working hard to boost profitability, the miners could have plenty of upside to offer.

Mentos Gold Mining Ltd.

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Exploration

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