DECCAN GOLD MINES LIMITED : DISCLOSES DEBT FUNDING OF RS 20 CR

• Company has completed documentation for availing debt funding of Rs. 20 Crore from Hira Infra Tek Limited. • The loan carries interest of 12% per annum on a quarterly compounding basis. • The purpose of entering into the agreement is to be utilised primarily for financing the completion and development of the Altyn Tor Gold Project being undertaken by Avelum Partner LLC, a subsidiary of Deccan Gold, in the Kyrgyz Republic. • The loan is secured by pledge of 2,50,000 equity shares held by Borrower in Geomysore Services (India) Private Limited.

Deccan Gold Mines Ltd

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