WCM African Mining Project: Risk Assessment & Recommendations

As members of the board of WCM, we have carefully considered the risks and opportunities associated with our mining interests in Africa. We have evaluated each risk according to the following scale: very high, high, medium, low, and risk-free. Based on our analysis, we recommend that WCM proceed with caution in its African operations for the time being.

Risk Assessment:

• Exploitation Risk (Medium): Director 1 reports that the Kango site has potential deposits of copper, bauxite, coltan, and diamonds. However, there is no guarantee that these deposits will be profitable.* Security Risk (High): Director 2 reported that the security risk in the area is unstable, with civil disturbances and rebel activity. There is a risk of attacks on workers and companies. We believe the security risk is high.* Health Risk (High): Director 3 reported that mining the area could result in health risks for workers and inhabitants, including skin diseases and contaminated water. Site waste and debris are also contaminating the soil. We rate the health risk as high.* Financial Risk (High): Director 4 reports that financial risks include fluctuations in the local currency exchange rate, the need for expensive new machinery, unreliable transport services, and the need to borrow money to finance the development of the site. We rate the financial risk as high.* Infrastructure Risk (High): Director 5 reports a lack of infrastructure in the area, including roads, electricity, and water supply, potentially causing delays and increased costs for WCM. We rate the infrastructure risk as high.

Recommendations:

Based on our analysis, we recommend the following:

1. Proceed with Caution: WCM should proceed cautiously with its African operations for the time being.2. Continue Negotiations with ATZ: Negotiations with ATZ should continue, but with strict conditions and safety measures in place.3. Transparency in Prospectus: Information about the risks associated with our African operations should be included in our company's prospectus.4. Prioritize Safety and Risk Management: WCM must prioritize safety measures, risk management, and infrastructure development in its African operations.

Conclusion:

WCM has the potential to reap high profits from its African operations, but it must also be aware of the risks involved. We recommend that WCM proceeds with caution and prioritizes safety measures, risk management, and infrastructure development in its African operations for the time being.