Company Parallel Mining Corp.

Parallel Mining Corp. is a Canada-based company that is focused on the development of advanced gold exploration projects in East Africa. Its projects include the Lightning project, Star project, and North Terer and Ziban Gedena property. The Lightning project is situated within the North-Western zones of Tigray Province in Northern Ethiopia, approximately 280 kilometers (km) due North West of Mekelle which is situated 780 km north of Addis Ababa. The Star project is comprised of two contiguous Exploration Blocks (Adi Dairo & West Shire) and one individual Exploration Block (Terakimti) that cover an area of approximately 399.73 square kilometers located in the Tigray Region of the Federal Democratic Republic of Ethiopia. The North Terer and Ziban Gedena property licenses are located in Tigray Province in Northern Ethiopia. The property is located approximately 350 km northwest of the administrative center of Mek’ele, which is approximately 780 km from the country's capital, Addis Ababa.