Ownership

Saloro beneficial shareholders are:

OCM Luxembourg Tungsten Holdings S.a.r.l. (70%), a company which is owned by funds managed by Oaktree Capital Management, L.P. (``Oaktree``). Oaktree is a leading global alternative investment management firm, with assets under management (at 30 June 2016) of US$98 Billion; and
Ormonde Mining BV (30%), a fully owned subsidiary of Irish ESM stock exchange listed Ormonde Mining Plc.

Saloro holds the Mining Concession for the Barruecopardo Tungsten Project.

Saloro also has two Investigation Permits surrounding the Barruecopardo Project whilst a 100% subsidiary of Saloro (Saloro Exploration SLU) holds 4 further Investigation Permits surrounding the Barruecopardo Project site.