Dahava Resources commences mining in Namibia

Dahava Resources Ltd. has commenced limited production activities at its Lower Orange River properties in Namibia.

Dahava’s exploration and production sampling activities have yielded encouraging results indicating the presence of commercially viable diamondiferous gravel deposits in Block 4, which comprises part of its Lower Orange River properties in Namibia. The acquisition, testing and deployment of processing and earthmoving equipment on Block 4 is substantially complete as well as the successful recruitment of a well qualified and skilled on-site local operational team, enabling Dahava to commence limited mining and processing activities aimed at further determining the scope of the diamondiferous deposits.

The increased scope of its activities on the Lower Orange River properties has led to the need for enhanced operational focus and an expansion of its corporate and finance functions. As a result, the Company has decided to cease further exploration activity on Blocks 16-20 (an early stage exploration opportunity) and as well, to not exercise its option on the Schweizer properties.

The Company has also retained BDO Spencer Stuard, a member firm of BDO International as its auditors in Namibia and is finalizing the engagement of an Canadian audit firm to replace Collins Barrow Calgary LLP, which has resigned as a result of the retirement of the Company’s Audit Partner.

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