Company Bekem Metals, Inc.

Bekem Metals, Inc. (BMI) is an exploration-stage company. The Company’s primary business focus is exploring for nickel, cobalt and other minerals in Kazakhstan. Through its subsidiary, Kyzyl Kain Mamyt LLP (KKM), the Company holds exploration and production licenses from the Government of Kazakhstan to a 575,756-acre parcel, located approximately 130 kilometers northwest of Aktobe, Kazakhstan. This deposit is referred to as the Kempirsai deposit. The Company also owns the Maymt brown coal deposit, which is located in northwestern Kazakhstan. Through its subsidiary, Kaznickel, LLP (Kaznickel), BMI owned the right to the Gornostayevskoye (Gornostai) nickel and cobalt deposit located in the East Kazakhstan Oblast in northeast Kazakhstan. In November 2009, the Company sold its interest in Kaznickel to Ertis Ferronickel Works LLP.

Number of employees: 218