LOCATION

Azerbaijan is situated in south-western Asia, bordering the Caspian Sea between Iran and Russia, with a small European portion north of the Caucasus range.  It borders Armenia, Georgia, Iran, Russia and Turkey and is split into two parts by Armenia; the smaller part is called the Autonomous Republic of Nakhchivan.

The Company’s accessible exploration portfolio covers 1,062 sq km and is divided into three primary ‘Contract Areas’ being Ordubad, Gedabek and Gosha.

Gedabek - the 300 sq km Contract Area is 55km from Azerbaijan’s second biggest city, Ganja.  In addition to Gedabek the area contains additional properties including Gyzildzhadag, Bittibulag, Maarif, Ertep, Geyer, Shekerbey, Gumlu and Aitalin.

Gosha - the 300 sq km Contract Area is 40km west of Gedabek and contains the Gosha property as well as the Itkirlan and Munduglu prospects.

Ordubad - the 462 sq km Contract Area in the Nakhchivan region contains numerous deposits including: Shakardara, Piyazbashi, Misdag, Agyurt, Shalala and Diakhchay within a 5km radius. Other properties in the area are Yashiling, Goyhundur, Keleki and Kotam.

Occupied Territories (Red Shaded Area) - additional three Contract Areas, rights commence when access is obtained.