3rd Iron Pellet Project Agreement with China Metallurgical

We have signed the 3rd agreement for the establishment of the plant by providing the necessary machinery and equipment for the Iron ore pallet plant in 2 different regions with China Metallurgical company, as Sano international company, of which we are a partner.

An agreement signed between China Metallurgical Engineering & Project Corporation located at 46 Dongsi Xidajie, Dongcheng District, Beijing 100711, China, and Sano International, Madencilik San. Ve TIC LTD (STI), located at Yenibosna No. 45 km from Sanandaj highway, Turkey, for 0.92 MTPA Pellet Project to be established at the factory site.

An agreement was reached between the parties on the production of the necessary machinery, installation, Engineering, and Technical Services.