Dundee Sustainable Technologies Inc. entered into a Technology Transfer Licensing Agreement with Newmont Corporation for the utilization of DST's cyanide free gold extraction, known as the CLEVR ProcessTM . As part of the Agreement, DST and Newmont, agreed to: A two (2) year, non-exclusive license for the utilisation of CLEVR at the laboratory scale in its Colorado technical facilities with an option to renew, for an additional two (2) year period under the same terms; Technology implementation support by DST, including all Technology laboratory protocols in addition to technical training sessions to initiate and support the Technology transfer and practical operations; Ongoing Technology support and for DST to review the laboratory test plans, execution, and results conducted by Newmont; and Any process scaling-up requirements, resulting from positive applications of CLEVR, will be conducted jointly with Newmont at DST's technical facilities in Canada and/or onsite using DST's Technology and engineering group expertise. The objective of the Agreement is to facilitate the adoption, understanding and application of CLEVR on various gold projects being, or to be, developed by Newmont.

The Agreement has been executed on November 25, 2020.