The board of directors of G-Resources Group Limited informed the shareholders of the company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the group for the financial year ended June 30, 2013 and information currently available, it is expected that the group will record its first annual net profit as compared to the losses made by the group in the previous years since the group's acquisition of the Martabe mine in 2009. After deducting depreciation and non site costs in Indonesia, all other relevant expenses of the group including, amongst others, depreciation and amortisation, directors remuneration and compensation expenses relating to the share options of the company, and other relevant expenses and administrative costs incurred by the group in its ordinary course of business and taking into account the loss of approximately USD 8 million as reported in the interim report for the six months ended 31 December 2012, it is expected that the group will record its first annual net profit for the financial year ended 30 June 2013.