Goldbelt Empires Limited Reports Successful Results from Geophysical Survey of South Morila Gold Concession - Seite 2

Prior exploration from 2000-12 was based on the historical (wide spaced, lower resolution) SYSMIN regional geophysical survey completed in 2001-2004 for the Ministry of Mines of Mali, covering most of the known Birimian terrains, including the South Morila concession area.

Goldbelt's newly acquired (high resolution) geophysics are a significant advance.

Relevant findings from the Report prepared by Momentum Group include:

• The Radiometric data analysis shows several major potassium anomalies previously undetected that are strongly indicative of potential alteration targets. Potassium anomalies are commonly associated with gold occurrences in Birimian terrains.
  
  
• Analysis of the aeromagnetic data shows three distinct structural and lithological domains:
  
  
  1. a structurally complex northern zone showing a number of northeast trending structures along with a series of northwest trending features, possibly representing dikes or sills,
     
     
  2. a central, likely, metasedimentary zone, and
     
     
  3. a southern zone thought to comprise dominantly of metasediments and intrusives.
     
     
• The geophysical data provides further confirmation of the presence of similar rocks/alteration that are associated with major discoveries in the region, thereby increasing the attractiveness of certain targets within the exploration area.
  
  
• The geophysical data show two intrusive bodies of exceptional interest given regional exploration success associated with intrusives.
  
  
• A much-improved understanding of the overall structural regime including the significance of major features that may control the extent and possible orientation of previously identified mineralization.
  
  

The Report's findings are further described in the figures and discussion below in the sections captioned: Interpretation - Maps of New Data Sets; Interpretation - Magnetics; Interpretation - Radiometrics; Target Identification - Revealed Features & Anomalies; and Recommendations for Further Exploration.

The Report has identified a number of Targets and has made several Recommendations for further exploration including selective geochemistry and a scout drilling program.

Interpretation - Maps of New Data Sets

The Report prepared by Momentum Group interpreted the new data sets recently acquired in the Airborne Survey (2015-2016). For comparison reference is made to the historical geophysical survey (2001-2004).