Ann: Appointment of New CEO , page-4

"Ausgold successfully identified the Katanning Gold Discovery in WA and the Company’s share price grew from 0.14 to a high of $1.79 within one year.

Mr Bell is a geologist and geophysicist with over 15 years’ experience in the mineral industry, including 10 years in gold exploration.

Under his leadership, Ausgold was recently nominated for:
· Explorer of the Year finalist in the 2011 Australian Mining Prospect Awards
· Excellence in Exploration and Discovery finalist at the Mines and Money Australia 2011 Mining Excellence Awards"

Now why would a guy of this calibre come onboard at AUZ?

Either he has seen something he really, really likes in Nigeria, they have thrown stupid money at him or there is a new deal in the brewing....

We might start getting some regular news flow, if nothing else, with this guy at the helm.

Let's be frank, the Nigerian exploration is very very grass roots - how long realistically before we see some meaningful results out of there?

(not too long hopefully)