Orinoco Gold Limited provided Cascavel Operational Update. Fourth batch of bulk samples returns average grade of 25.33 g/t through mills: Although Batch 4 results show slightly lower grades than the first 3 batches, the company consider this normal given the high-grade variability that can occur in the Cascavel gold reefs. This brings the total samples processed through the mills to 29 with an average grade of 38.74 g/t significantly higher than recovered grades from the current gravity plant. Importantly samples have been taken from random and dispersed locations throughout the orebody and provide a greater understanding of grade variation and mineralization between Mestre, Central and Northern Zones of Cascavel. All processing and smelting of the samples is conducted in the gold room. Sampling from the Cuca Zone is expected to commence in early February. Large 25 Ton hour onsite and two new hammer mills now fully operational: A third hammer mill (25t/hr) has arrived onsite and is currently being installed and should be commissioned next week as planned. Commissioning will include processing of stockpiled waste material and low-grade ore to ensure the mill is operating optimally prior to introduction of stockpiled high-grade ore. This will bring the number of operating mills to three and will allow for simultaneous processing of high grade ore, waste rock stockpiles and tailings stockpiles. Waste rock sampling returns average grade of 15.42 g/t through mill During commissioning of the second hammer mill, 1 ton of waste rock - taken from development waste stockpiled in 2016 ­returned a grade of 15.42 g/t. This material was classified as waste by the previous management and therefore not processed. Although this single sample may be unrepresentative of the overall grade of this waste material the high grade recovered warrants further sampling and processing. Sampling of tailings underway: Considering the high grades currently being returned from the hammer mill processing in comparison to those recovered from the gravity plant it is considered likely that the tailings from the gravity plant could represent an important ore source for the new processing operation. Sampling of the tailings is underway through the hammer mills and results of this sampling programme will be announced shortly. The company warn readers not to extrapolate one sample of waste rock to mean that this grade is consistent over the entire waste stockpile. It does however begin to explain why Orinoco has had such problems in the past. Another 40 panel samples from Mestre and Central zone are expected to be returned from the external laboratory shortly following the initial 40 panel samples announced last week that averaged 47.2 g/t in the release to the ASX on 17th January 2018 entitled Mestre Assays Show Bonanza Grades Up to 265 g/t.