Energulf Resources Inc. ENGFF

RE:RE:RE:RE:Next work program

[wallywill]

This is a continuation from the July 2014 news release that you are referring to: •Under the 2011 applications made for licence renewal pursuant to the new mining law which mandated size reductions, Columbus Copper's licences now consist of the 1.013 km2 Qafe Burreli licence and the recently recovered 5.77 km2 Bulqiza-Batra licence for a total of 6.90 km2 in two distinct project areas containing numerous chromite showings, prospects and past-producing mines. The Bulqiza-Batra license surrounds and extends from the producing third party Bulqiza and Batra mines which have aggregate past production of about 20 million tonnes grading 35-42% Cr2O3. Columbus Copper's Bulqiza-Batra Licence includes the east and west mineralized extensions of the fold structure controlling and hosting the chromite ores in the Bulqiza and Batra mines and also includes much of the past producing Thekna mine which is reported to host an historical resource of 330,000 tonnes grading +40% Cr2O3 and where Empire's drilling in 2011 has demonstrated scope for significant expansion. •Columbus Copper has implemented plans to conserve cash reserves by minimising all work on the ground not funded by third parties. In addition, all staff and senior management have been retrenched and other cost saving measures put into place.