Corporate Action Notice on Wholesale offer

GFI has undergone a wholesale placement to raise $200,000 by issuing 9,090,909 ordinary shares, together with 4,545,455 options to subscribe for an additional ordinary share at $0.05 at any time in the following 12 months. GFI’s objective the wholesale placement is primarily to assist with GFI’s working capital requirements. Final allocation decisions to be made by GFI and will reflect input and advice from their financial advisors. There were no significant exceptions or deviations from the objectives and criteria set out above.