"BRONZEWING ACQUISITION COMPLETEDThe Board of Directors of...

"BRONZEWING ACQUISITION COMPLETED
The Board of Directors of Navigator Resources Limited (“Navigator”, ASX: NAV) is pleased to
announce that as of yesterday it has completed the acquisition of the Bronzewing
Gold Project (“BWGP”).
Funding of the $9.55 million purchase price and cash deposit of $6.5 million for
environmental bonds was sourced via a first tranche of placement equity of $7.75 million
made to clients of Casimir Capital (Asia Pacific) Pty Ltd and through $9.0 million of a project
debt facility provided by RMB Resources Ltd.
The balance of funding to achieve gold production at the BWGP and also to finance working
capital requirements for planned trial mining at the Company’s Leonora Gold Project will be
sourced via a second tranche of equity placement and subsequent rights issue to all
shareholders during October/November. The Company retains an undrawn capacity under
its debt facility with RMB for up to an additional $7.0 million."

At Last! Now for a tidy-up of creditors and completion of the DOCA.