RACE RESOURCES Group


	This announcement is made by the Race Resources Group ( the “Group”). The Group wishes to notify and draw attention of the public for the following: In view of the past few months, the Group has been approached by a number of large companies or funds through various channels or intermediaries with proposal to acquire or cooperate with the Group for our Nickel Mining Project in Indonesia (the “Nickel Project”). It has come to our attention that some people made false statements and/or arrangements on behalf of the Group in relation to the Nickel Project. The Group hereby clarifies that any decision on the Nickel Project shall be valid only by the resolution of the Board of Directors of the Group and signed in person by the Group Chairman. The Group has not authorized or allowed any person or company to make any decisions on the Nickel Project on behalf of the Board of Directors. If you have any queries on this matter, please contact us at +852-2865-4008 or by email: info@race-resources.com for verification. The Group reserves the right to take legal action against any person and/or entity that falsely claims to represent the Group and makes false statements.

RACE RESOURCES

"RACE to the Premier Resources" is our Group slogan and represents our vision and mission to be the world's premier mining corporation, to fulfill the commitments to our customers and partners and to show our care and dedication to the communities.

We are a rapidly growing mining and resources group with the pursuit to develop into a world's premier resources corporation. The Company has developed into a competitive mining and resources company with mining concessions in different parts of Indonesia.

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