best spec goldie for 2008, page-3

Either EXM or PRE

EXM currently drilling in the historic high grade Tennant Creek area with first results very shortly. With a current JORC resource of 530,000 oz and a target of 2.5 million oz's plenty of upside if they can meet targets

PRE is in the middle of a 30,000m drilling campaign on their Redcliffe Gold project in Western Australia with plenty of recent encouraging results and results imminent as the company has received the results just before Christmas they just need to plot and process the results before releasing to the market.

Has run hard on previous results, so for those who take positions early may prove a very good short term trade as several results are due early in 2008

Redcliffe Gold Project

� A round of deeper RC drilling has been completed at the Nambi Pit, for which results are being processed and plotted.
� Drilling of several pre-collars was carried out in December in preparation for diamond core drilling at Nambi Pit scheduled for January 2008 designed to test
the lode at even greater depth.
� Additional RC holes were drilled at West lode and Redcliffe Pit Prospects.
� Detailed geological mapping has continued over the Nambi/Redcliffe prospect areas.
� Channel sampling of accessible pit wall exposures has been carried out at Nambi Pit, Nambi South Pit, and Mesa Pit.