HONG KONG (Yosefardi) – G-Resources Group Limited In 2016 anticipates the Martabe gold and silver mine will produce 260,000 ounces of gold and approximately 2.3 million ounces of silver.

When compared with the 2015 production, gold and silver ounces are lower due to forecast lower ore grades and recoveries in the preliminary budget for 2016.

In the fourth quarter of 2015. The process plant milled 1,081,000 tons of ore at 2.75 g/t head grade, yielding gold production of 75,831 ounces. While silver poured was 636,755 ounces.

As a consequence of the good production and continued focus on the Martabe Improvement Programme, the All-In Sustaining Costs (AISC) for the fourth quarter were $493 per ounce gold sold.

Martabe mine has exceeded our annual production target as stated in the previous announcement. In 2015, Martabe milled 4,220,000 tons of ore and poured 302,449 ounces of gold and 2,534,486 ounces of silver respectively at AISC of $503 per ounce gold sold.

The processing plant annual throughput of 4.2 million tons is a record year for Martabe. Towards the end of the fourth quarter, the Joint Venture of PT NKE and Macmahon has started as the new mining contractor at Martabe.

During the quarter, the world market price of gold fluctuated between $1,049 per ounce and $1,184 per ounce, with the Company achieving an average sale price for the quarter of $1,101 per ounce and the full year of $1,161 per ounce.