Nickel & Gold Exploration · Yemen & Nevada &YUKON

2 major Nickel resources · 1 large Gold deposit

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Al Hariqua: Saudi - Arab consortium JV in negotiations

Potential partners?

____________________________________...

ARMICO, ( Arab Mining Co )

Joint Arab cooperation aiming towards the investment of Arab Mineral Resources by establishing or participating in the establishment of joint ventures through agreements with the concerned Arab Governments, in addition to the Private Sector in the fields of mining and those related and complementary industries.

Headquarters


Amman - Hashemite Kingdom of Jordan

http://www.armico.com.jo/index.php

SHAREHOLDERS

NUMBER OF SHARES

VALUE (KUWAITI DINAR)

%

UNITED ARAB EMIRATES

1100

11 000 000

20.20

KINGDOM OF SAUDI ARABIA

1100

11 000 000

20.20

REPUBLIC OF IRAQ

1100

11 000 000

20.20

KUWAIT INVESTMENT AUTHORITY

1100

11 000 000

20.20

LIBYAN FOREIGN INVESTMENT COMPANY

550

5 500 000

10.10

ARAB REPUBLIC OF EGYPT

150

1 500 000

2.75

REPUBLIC OF YEMEN

78

780 000

1.43

ARAB INVESTMENT CO./ RIYADH

60

600 000

1.10

OFFICE NATIONAL DES HYDROCARBURES ET DES MINES/ MOROCCO

60

600 000

1.10

MINISTRY OF FINANCE- JORDAN

55

550 000

1.00

REPUBLIC OF SOMALIA

55

550 000

1.00

REPUBLIC OF SYRIA

25

250 000

0.46

REPUBLIC OF TUNISIA

6

60 000

0.11

ISLAMIC REPUBLIC OF MAURITANIA

6

60 000

0.11

REPUBLIC OF SUDAN

2

20 000

0.04

5447

54 470 000

100





Ma'aden, (Saudi Arabian Mining Company)

Ma'aden was formed as a Saudi joint stock company on 23 March 1997 (corresponding to 14/11/1417H) for the purpose of facilitating the development of Saudi Arabia’s mineral resources.

JEDDAH (Gold & Base Metals)

Ma'aden’s gold business is operated through its gold division which explores for precious and base metals within Saudi Arabia. It currently operates five gold mines in Saudi Arabia: Mahd Ad Dahab, Al Hajar, Sukhaybarat, Bulghah, and Al Amar. Ma'aden is also developing one more mining property in Ad Duwayhi and has five advanced exploration projects.

PO Box 13784
Jeddah 21414

Kingdom of Saudi Arabia

http://www.maaden.com.sa/eng/index.htm

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