Deed of Amendment Executed by NiHAO Mineral Resources, Oregalore and Welcome Stranger

Mandaluyong—(PHStocks)—Further to a disclosure dated 4 January 2013, a Deed of Amendment was executed by and among Nihao Mineral Resources International Inc. (PSE: NI), Oregalore Inc. and Welcome Stranger Mining Ltd regarding the proposed acquisition by Welcome Stranger of 40% of the issued share capital of Masbate 13 Philippines Inc.

As previously disclosed, Masbate 13 is a subsidiary of Oregalore, and the latter is a wholly-owned subsidiary of NiHAO. Welcome Stranger is a public company listed on the Australian Securities Exchange (ASX).

Said Deed of Amendment, which was executed in counterparts, was signed by NiHAO and Oregalore on 30 December 2013, and was received by NiHAO as duly signed by Welcome Stranger on 7 January 2014.

The Deed of Amendment provided for among others, the extension of period to comply with certain condition precedents and the inclusion of a new section on securing regulatory approvals of the relevant Philippine and Australian authorities.