On May 2, 2019, the Company issued a press release entitled “ISS RECOMMENDS GOLDEN QUEEN SHAREHOLDERS VOTE FOR THE TRANSACTION.” A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

On May 3, 2019, the Company issued a press release entitled “ Golden Queen ANNOUNCES First quarter operational results AND REPEATS ISS’ RECOMMENDATION to vote FOR the transaction .” A copy of the press release is attached as Exhibit 99.2 and is incorporated herein by reference.

On May 6, 2019, the Company issued a press release entitled “ A Second Proxy Advisor, Glass Lewis Recommends Golden Queen Shareholders Vote For the Transaction .” A copy of the press release is attached as Exhibit 99.3 and is incorporated herein by reference.

FORWARD LOOKING STATEMENTS

Information included or incorporated by reference in this communication, and information which may be contained in other filings with the Securities and Exchange Commission (the “SEC”) and press releases or other public statements, contains or may contain forward-looking statements. These forward-looking statements include, among other things, statements of plans, objectives, expectations (financial or otherwise) or intentions, including statements concerning the potential future of the Company, the ability to achieve the anticipated benefits of the proposed disposition and other statements regarding the parties’ future beliefs, expectations, plans, intentions, financial condition or performance.  You may identify forward-looking statements by the use of words such as “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “may,” “should,” “will” or other words or expressions of similar meaning, although not all forward-looking statements contain such terms. Forward-looking statements, including as they relate to the Company, the transaction or any expected benefits of the transaction, involve risks and uncertainties. Actual results may differ significantly from those projected or suggested in any forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Any number of factors could cause actual results to differ materially from those contemplated by any forward-looking statements, including, but not limited to, the risks disclosed in the Company’s Schedule 14A and annual report on Form 10-K for the year ended December 31, 2018. You should carefully consider these and other relevant factors, including those risk factors in this communication and other risks and uncertainties that affect the the Company, when reviewing any forward-looking statement. These factors are noted for investors as permitted under the Private Securities Litigation Reform Act of 1995. You should not consider either foregoing lists, or the risks identified in SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking statements.

PARTICIPANTS IN THE SOLICITATION AND IMPORTANT INFORMATION

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction under the rules of the SEC. Shareholders may obtain information regarding the names, affiliations and interests of directors and executive officers of the Company in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on March 27, 2019, and its definitive proxy statement on Schedule 14A for its 2019 Annual General and Special Meeting, which was filed with the SEC on April 11, 2019. You may obtain free copies of these documents at the SEC’s website at www.sec.gov. Copies of documents filed with the SEC by the Company will be available free of charge by contacting contact Brenda Dayton, Corporate Secretary, by telephone at 1-778-373-1557, or by email at info@goldenqueen.com. If you need assistance with the completion and delivery of your Proxy or VIF, please contact Laurel Hill Advisory Group, our proxy solicitation agent, by telephone at 1-877-452-7184, or by email at assistance@laurelhill.com. You should read the proxy statement for the Company’s 2019 Annual General and Special Meeting carefully and in its entirety before making any voting or investment decisions.

NO SOLICITATION

This communication is for informational purposes only and not intended to and does not constitute the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.