REZ – BINDING AGREEMENT EXECUTED FOR SALE OF MOUNT MACKENZIE GOLD PROJECT, QLD

HIGHLIGHTS
• QMines Limited (ASX: QML) to acquire 100% of Mount Mackenzie Mines Pty Ltd, including the Mount Mackenzie Project
• Total consideration of $2.485 million, comprising:
o $1,000,000 in cash; and
o 33 million QML shares issued at a deemed price of $0.045 per share, valued at $1.485 million
• Completion subject to customary conditions precedent, including due diligence, regulatory and shareholder approvals, and debt forgiveness
• Transaction supports REZ’s sharpened strategic focus on its East Menzies Gold Project in Western Australia
• QMines expands its portfolio of Queensland-based gold assets with another significant project in the state