Drilling in Multi Million oz/au Region

Region; Kalgoorlie
(I can't seen to download the map, but see today's presentation P6)

Drilling to commence around the open pits of Trojan and Transfind

 ~ 2,500 of RC drilling targeting
 Transfind
 Trojan North
 Echo
 Reported surface ore stockpile
 Define Transfind backfill

Trojan Gold Project
M25/104 is a granted mining tenement – 8.24km2  Option to purchase 100% within 12 months

Trojan Pit - produced 2Mt @ 1.97 g/t Au for ~125,000oz of gold between 2001 and 2004
 Option to acquire 100%
 55km east of Kalgoorlie
 Previous production from two pits (most recently 2004)
 Historical production from underground
 Near term cash flow opportunity
 Toll milling agreement with Westgold Resources

Transfind Deposit

 Transfind Pit - produced 31,000t @ 4.9 g/t Au for ~4,900oz of gold between 1991 and 1992
Significant hits including 3m @ 343 g/t Au from 42m
 Majority of holes in the upcoming program to be completed at Transfind
 High grade resource expansion opportunity
 Open at depth and along strike in both directions
 Only one hole greater than 90m deep17