AGP Industrial Corporation (the Company) hereby informs the public that in March 5, 2012, the Company gave its Conformity to the execution of a General Contractor Agreement (Agreement) between Geogen Corporation (Geogen) and NiHao Mineral Resources International, Inc. (NiHao). The Agreement provides for the terms and conditions of the contracting relationship between Geogen, as the MPSA Holder of MPSA No.258-2007-II dated 30 July 2007 and NiHao as contractor for the mining and other services over the areas covered by the MPSA, located in Dinapigue Isabela. Considering that the Company earlier executed a Management Agreement with Option to Buy over said MPSA and its covered areas, the Company gave its conformity to the execution of the Agreement which also provides that:
"The CONTRACTOR shall bear for its own account, AGP Industrial Corporation's (AGP) management fees pursuant to the Management Agreement with Option to Buy executed between GEOGEN and AGP on 14 October 2011."