Kula Gold Limited is an Australia-based company, which is engaged in the exploration and evaluation of the Woodlark Island Gold Project (WIGP) in Papua New Guinea. The Company is the 100% owner of an WIGP, an advanced-stage gold Project. The WIGP is located approximately 600 kilometers east of Port Moresby on Woodlark Island in Milne Bay Province, in Papua New Guinea. The Woodlark Island Gold Project has a joint ore reserves committee (JORC)-compliant Mineral Resource of approximately 2.1 million ounces (Moz) at a 0.5 gram per ton (g/t) gold lower cut-off of over 45.1 million tons at 1.5 g/t gold. The Woodlark Island Gold Project consists of a 1.8 million ton per annum gold processing plant, over three open pit mining areas. The WIGP has a JORC-compliant Ore Reserve of approximately 766,000 oz of gold for the Kulumadau, Busai and Woodlark King deposits. Its tenements include EL 1172, EL 1279, EL 1465, ML 508, LMP 89, LMP 90, LMP 91, LMP 92, LMP 93, ME 85 and ME 86.