Concessions

Nkwanta

The Nkwanta concession covers a total area of 18.51 square kilometres. The prospecting license for this property was originally held by Netas Mining Company Limited, which subsequently transferred 95% ownership interest in the Nkwanta concession to Castle Peak in an assignment agreement in April 2011.

Asuogya

The Asuogya concession has an area of 26.75 square kilometres. The prospecting license for this property was originally held by Netas Mining Company Limited, which subsequently transferred 95% ownership interest in the Asuogya concession to Castle Peak under an assignment agreement in April 2011.

Ayiem

The Ayiem concession covers a total area of 25.00 square kilometres. The prospecting license for Ayiem was originally granted to Foremost Mining Company Limited, which subsequently transferred 95% interest to Castle Peak in an assignment agreement on January 28, 2011.

POW

The POW concession has an area of 35.85 square kilometres. The Government of the Republic of Ghana originally granted Klair Star Company Limited ("Klair Star") a prospecting license for gold on the originally named Dompim concession which has since expired. Castle Peak owned 100% of Prince of Wales International Limited ("POW"), the permitted assignee and registered holder of the Dompim concession. An agreement was established in 2005 whereby Castle Peak owns 82.5% and Klair Star owns 17.5% of the shares of POW, which has now been assigned 100% of the Dompim license.

Bonsaso

The Bonsaso concession has an area of 23.54 square kilometres. The Government of the Republic of Ghana originally granted WD Gold Mining Company Limited ("WD Gold") a prospecting license for the Bonsaso concession for gold exploration. WD Gold subsequently agreed to transfer 90% of its interest in the Bonsaso concession to Castle Peak under an agreement in 2009.

Dompem

The Dompem concession has an area of 17.01 square kilometres. The Government of the Republic of Ghana originally granted WD Gold a one-year reconnaissance license for gold, diamonds and base metals on the Dompem concession (which has since been converted to a prospecting license). WD Gold transferred 100% of its interest in the Dompem concession to Castle Peak pursuant to an agreement in 2010, retaining a 2.5% NSR.

Kedadwen

The Kedadwen concession has an area of 21.63 square kilometres. The prospecting license for Kedadwen was originally granted to Foremost Mining Company Limited, which subsequently transferred 95% interest to Castle Peak under an assignment agreement on January 28, 2011.

Enyinase

The Enyinase concession has an area of 36.5 square kilometres. Castle Peak entered into an assignment agreement with Satemkon Mining (GH) Ltd. for 100% of the Enyinase prospecting license in May 2011. The licence has been assigned to a wholly owned subsidiary of Castle Peak by the Minister of Lands and Natural Resources. The vendor retains a 1.5% net smelter return royalty. Sandstorm Gold holds a 1% Net Smelter Return ('NSR') royalty on this licence.

Great Yorkshire (Simpa)

The Minerals Commission and the Minster of Lands and Natural Resources approved the granting of the prospecting licence to a wholly owned subsidiary of Castle Peak Mining Ltd in 2014. Terms of the grant are for a 100% interest in the license covering an area of 35.33 square kilometres. The license will be good for three years after which it is eligible for extension and renewal. Sandstorm Gold holds a 1% Net Smelter Return ('NSR') royalty on this licence.