Ownership Structure

IDAS Resources N.V. ("IDAS"), a subsidary of Adastra, holds two highly prospective diamond licences in the provinces of Lunda Norte and Malange, Angola. Under the terms of the agreements signed un August and December 2002, IDAS will have a 51% stake in the licences, while Endiama, the Angolan state diamond company, will hold 38%. Twins, a local company, will have the remaining 11%. IDAS's percentage will be reduced to 49%, once all shareholder loans to the project have been repaid, but will retain overall voting and management control of the joint venture.

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