Since 2016, Avellana Gold Ltd. holds special permits for the development of Muzhievo deposit in Transcarpathia and conducts the relevant activities. However, news from the media recently announced that the British company Gofer Mining PLC plans to invest in Muzhievo deposit of polymetallic ores. We would like to note that all the assets are owned by Avellana Gold Ltd. and no negotiations regarding new investors are being conducted or planned. The American company Avellana Gold Ltd. has been working on the deposit for three years and never heard of a new investor before. We are the only company that owns special permits for the exploration of Muzhievo deposit of polymetallic ores in Transcarpathia and have not communicated with any investors. We have learned from the media about the Gofer Mining PLC, which seems to want to invest in the Muzhievo deposit. Their representatives have not contacted us, no negotiations have taken place.