CAPITAL STRUCTURE
| GROUP | SHARES | MARKET CAP ($0.20) | PERCENT |
| Existing Shareholders (SGHL) | 4,919,543 | $983,909 | 8.13% |
| SGHL Convertible Noteholders | 2,083,333 | $416,667 | 3.44% |
| Acquisition Spero Mining Pty Ltd | 20,000,000 | $4,000,000 | 33.06% |
| Spero Mining Pty Ltd – Convertible Noteholders | 10,000,000 | $2,000,000 | 16.53% |
| IPO Investors | 22,500,000 | $4,500,000 | 37.19% |
| Broker, Finder’s Fee, Director Shares | 1,000,000 | $200,000 | 1.65% |
| TOTAL | 60,502,876 | $12,100,576 | 100% |