Small/Mid-Caps in Armenia

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Name/Название

ISIN

Description/Описание

Vangold Resources

Vangold is a natural resource company with a large portfolio of projects in various stages of development. Vangold has advanced stage mineral projects in Papua New Guinea, Canada and Uganda and revenue generating oil and gas projects in Canada and the United States.

Vangold Resources Ltd. (“Vangold”) announces that has entered into an

agreement to participate in a Production Sharing Agreement (the “PSA”) between the Ministry of

Energy of Armenia and Blackstairs Energy plc (“Blackstairs”). Vangold will participate as to a

50% working interest in Blocks 4, 5 and 6 which cover an area of 13,775 sq. km (over 3.4 million

acres) in central and southern Armenia.

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