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ORIENTAL COPPER STATEMENT ON CONFLICT MINERALS

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Oriental Copper Statement on Conflict Minerals

In August 2012, the United States Securities and Exchange Commission (SEC) approved the final rule regarding the sourcing of conflict minerals as defined in the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1502. Under this rule, publicly traded companies must report annually to the SEC the presence of “conflict minerals” originating from Central Africa in either the products they manufacture or contract to manufacture, or use in the production process.

Oriental Copper supports the efforts of human rights organizations to end violence and atrocities in Central Africa (the Democratic Republic of Congo (DRC) and nine adjoining countries: Republic of Congo, Central Africa Republic, South Sudan, Zambia, Angola, Tanzania, Burundi, Rwanda and Uganda). It has been widely reported that the major driver of this violence is the natural abundance of the minerals tin, tungsten, tantalum and gold, now referred to as “conflict minerals.” Armed groups fight for control of mines in this region and use forced labor to mine and sell the minerals, which in turn funds ongoing violence.

While we do not source these metals directly, they may exist in the materials and components we source. We are therefore committed to working with suppliers to responsibly source the materials and components we use in manufacturing our customers' products which may contain these minerals. To comply with the SEC reporting regulations relating to conflict minerals, Oriental Copper requires chain of custody declarations from our suppliers to verify the origin of the conflict minerals contained in their products.

In addition, we require the following from our suppliers:

- to source materials from socially responsible sub-tier suppliers and manufacturers

- to assist us to comply with the SEC regulations related to conflict minerals and to provide   all necessary declarations

- to source 3TGs from smelters validated by an independent third party audit

- to undertake reasonable due diligence within their supply chain to determine the origin of the conflict minerals, including developing policies and management systems preventing the use of conflict minerals or derivative metals sourced from mines that directly or indirectly finance armed groups through mining or mineral trading in the DRC or any adjoining country, and to pass these requirements along to their sub-tier suppliers and require them to do the same with lower tiers of suppliers.

Oriental Copper is committed to working with our customers and our suppliers to ensure effective implementation of this legislation.