TRUSTCO GROUP HOLDINGS LIMITED - Operational Update: Resource Segment - Meya Mining

Operational Update: Resource Segment - Meya Mining

TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX Share Code: TUC
JSE Share Code: TTO
ISIN Number: NA000A0RF067
(“Trustco” or “the Company”)

OPERATIONAL UPDATE: RESOURCE SEGMENT - MEYA MINING

Further to the operational update of 21 December 2017, related to Meya Mining’s
exploration program, Trustco is pleased to inform Trustco shareholders (“Shareholders”) of
the following operational activities and results:

   -      A second kimberlite ore sample was extracted from the Meya River Sample and processed
          during January 2018. The Run of Mine (RoM) produced 3,668.78 carats and a second pass of
          the DMS tailings (DMS tailings audit), crushed down from 12mm to 8mm yield an additional
          370.04 carats. The preliminary DMS tailings audit results suggests that an additional
          contribution exceeding 0.15 carats per tonne could be liberated if the processing plant flow
          sheet is adjusted from a closed size setting of 12mm to 6mm in the final crushing circuit.

   -      Export Parcel 005, containing 4,038.82 carats, was exported on 9 February 2018 to Antwerp
          and sold on tender by Miranel BVBA.

   -      The first kimberlite ore sample from the Bardu Sample, which is approximately 7,2 km from
          the Meya Sample along the same geological strike/zone, was extracted and processed
          during February 2018. The Bardu RoM sample produced 747.35 carats and the DMS tailings
          audit an additional 79.73 carats.

   -      Export Parcel 006, containing 2,127.02 carats (827.08 carats from Bardu and 1,299.94 carats
          from Meya) was exported on 15 March 2018 to Antwerp and sold on tender by Miranel
          BVBA.

         Table 1 below summarises the sales results of Meya Mining 5th and 6th diamond sample
          exports.

       Export No            Export Date     Carats Sold   Total US $   Average US$/ct   Koin Tender
Export 005                    9-Feb-18        4427.41      1154830          261         February 2018
Export 006                   15-Mar-18        2117.83      642980           304          March 2018
Table 1
     ?       Meya Mining’s total sales to date (Exports 1 to 6) are summarised in Table 2 below.


         Export No       Export Date     Carats Sold   Total US $   Average US$/ct    Koin Tender            Comments


Export 001                 9-Sep-17       2646.77       394363           149         October 2017  Bardu Weathered
                                                                                                   Meya River - Sample 1
Export 002, 003 & 004   11 & 21 Nov-17    3062.71      18166009         5931         December 2017 (Including Prosperity)

Export 005                 9-Feb-18       4427.41      1154830           261         February 2018 Meya River - Sample 2
                                                                                                   Meya River ROM, Bardu
Export 006                15-Mar-18       2117.83       642980           304          March 2018 Sample & Bardu Audit Sample

Totals                                    12254.72     20358182         1661                        Total (Including Prosperity)
Table 2



     -       To conclude the Phase 1 exploration program and formulate a Resource Statement, Meya
             shall extract a second bulk sample from Bardu as well as sample from the Waterloo Sample,
             which is approximately 9 km from the Meya River sample along the same geological strike.

     -       The Resource Statement delineating in extend of 11,5 km strike length down to 500m below
             surface is being formulated by SRK Consulting Canada who continuously verify all input
             factors related to the resource development programme. This includes the delineation
             drilling program, of which 14,517 meters have been drilled to date, the bulk sampling
             program as well micro diamond analysis.


Meya aim to conclude the Phase 1 exploration program and related Resource Statement by end July
2018. SRK will submit a preliminary report during June 2018, which information will be included in
the Integrated Annual Report 2018.


Windhoek, Namibia
11 April 2018

Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited

JSE Sponsor
Sasfin Capital Proprietary Limited (a member of the Sasfin Group)

NSX Sponsor
Simonis Storm Securities Proprietary Limited

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