HEALTH, SAFETY, ENVIRONMENTAL AND COMMUNITY POLICIES

Guyana Goldfields Inc. (GUY) and any subsidiaries are committed to proactive and sustainable health, safety, environmental management and community best practice policies. Policy statements in each specific area are contained in this document.

In respect of the above the Company will:

• Build on international best practices for exploration and mining,
• Implement environmental requirements as laid down by the Guyana authorities,
• Implement health and safety best practices,
• As a minimum comply with World Bank Group policies and guidelines,
• Establish and implement appropriate communication and consultation procedures with all stakeholders.

The Company will ensure that wherever possible and necessary it will assist in the development of sustainable local policies and procedures that will minimize the impact of exploration and mining on the natural landscape and local communities, and which will ensure a safe and healthy environment for the communities and natural resources, including wildlife, that may reside in the area where exploration and possible subsequent mining may occur.

The above principles will also apply in respect of the approach to health and safety for all employees and those individuals, communities and companies that may become involved with or affected by the planned exploration programme, and all subsequent evaluation and mining programmes.

Appropriate community liaison, disclosure and interaction will be undertaken at all stages by Guyana Goldfields. The level of consultation and disclosure will increase with the increased scale of activities.

The Company recognizes that conditions in the rain-forest of Guyana may have high biodiversity value and consequently the Company will strive to ensure that sound practices are followed at all times.

Environment

The Company believes that good environmental management at every exploration stage, prospect, and mine site, proactive health and safety procedures, transparent interaction with local communities, and implementation of prudent expenditure and business performance, constitutes the foundation for successful exploration and sustainable development.

The Company will implement appropriate procedures for different stages of its airborne surveys, ground exploration, prospecting and evaluation, and development work.

Environmental & Social Management at the Development Stage

The Company recognizes the benefits of proactively engaging and working with local communities for the benefit of all stakeholders. In this respect the Company will communicate and consult with local communities and stakeholders with a view to fostering mutual understanding and shared benefits through the promotion and maintenance of open and constructive dialogue and working relationships.

In order to maximize the benefits arising out of any mining development the Company will ensure that all construction and mining operations carried out by it or by subsidiaries and joint ventures to which the Company is party adhere to the guidelines.

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Community Relations

Proactive interaction with the communities that the Company’s exploration and development programmes may impact on is considered an important part of the long-term investment that the Company is planning in Guyana.

Though early stages of airborne exploration have a minimal impact on communities this changes once targets are identified and evaluation and development programmes are implemented.

The company recognizes that from the inception of the programme, and as the project progresses it will be important to:

• Communicate and interact proactively with any community and role player that may be affected by its programmes,
• Inform and obtain buy-in on a mutually agreed and consensus based manner with the full range of stake holders that may be impacted upon by exploration, evaluation and development.

In these respects the Company will work actively and transparently with Government authorities, other elected parties, non-governmental organizations, and the communities themselves to ensure that they (the communities) are aware of the activities of the Company, and that the impact on communities is kept to a minimum.

At this point that drilling, evaluation and other such programmes are implemented the Company will endeavor to identify how the impacts of such work on communities can best be managed, and how benefits can best be provided to communities through the activities of the Company.

Health and Safety

The health and safety of its employees, contractors, affected communities and any other role players that may participate and be affected by the activities of Guyana Goldfields are crucial to the long term success of the Company.

Every effort will be made through training, peer pressure, regular reviews and briefings, and other procedures to ensure that best practice health and safety policies are implemented and maintained by the Company including prompt and in-depth accident and incident investigation and the implementation of the conclusions thereof.

The Company’s aim is at all times to achieve zero lost-time injuries (LTI’s) and fatalities.

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