RE:RE:RE:RE:RE:Sorry ReflectGiven that the prospectus in August 2013 mentions nothing about this, it stands to reason that both Colossus and underwriters counsel didn't deem this notice to have any legal basis.
The Company is satisfied as to its ownership of its property interests in the Serra Pelada project through: (a) the
receipt and review of title opinions regarding the Company’s mineral rights to the Serra Pelada project provided by
the Company’s Brazilian legal counsel which is a law firm recognized as having expertise in mining law matters; (b)
searches conducted in the registry of the DNPM, in which all applications, grants, transfers and assignments of
exploration permits, mining concessions and other evidence of mineral rights to conduct exploration activities are
registered and recorded; (c) correspondence with the DNPM pursuant to which exploration plans and detailed
reports of work performed and geological and technological studies are required to be submitted; (d) payment to the
DNPM in respect of government fees, charges, taxes and annual exploration fees payable on the mineral titles held;
(e) review, negotiation and execution of various asset purchase agreements relating to the acquisition/transfer of
certain mining titles; and (f) the entering into of agreements with certain possessors of surface land covering the
majority of the area used in Serra Pelada project.