Exploration Update – RC Drill Rig available to drill new IP Targets The directors of BMA Gold Limited (“BMA” “the Company”) are pleased to announce that an RC drill rig has been identified to drill test the IP targets announced to the ASX on 1 July 2008 with drilling programme scheduled to commence in September 2008. The recently completed Induced Polarization (IP) electrical geophysical program covering a 5km by 2.5km area around the 309 gold deposit at Twin Hills has clearly identified alteration associated with 309 and two strongly anomalous zones that may indicate the presence of new centres of alteration and mineralization in close proximity to the 309 deposit. In addition, a new zone of anomalism was identified 2km to the north of 309 coincident with a strong magnetic feature. Two of these new areas have had no drilling and there has been limited drilling at the third. BMA intends to drill up to 8 RC holes to test these targets. Figure 1 shows the area that has been tested and the location of the new targets in relation to the 309 deposit where past mining produced 77,000 tonnes of gold at approximately 10g/t. Resources at the 309 deposit stand at 788,000 tonnes at 6.1 g/t for 155,000 ounces of gold at 2 g/t cut off. Including the Lone Sister deposit that is 7 km to the south, gold resources at Twin Hills currently stand at 275,000 ounces (see www.bmagold.com.au for Ore Resource Statement). Yours sincerely, BMA GOLD LIMITED Mark Wheatley Managing Director and Chief Executive Officer Information in this report relating to Exploration Results is based on information compiled by Greg Jones, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Jones has in excess of 5 years experience relevant to the style of mineralisation and types of deposits under consideration such that he qualifies as a Competent Person as defined within the JORC code. Mr Jones consults to BMA Gold Limited and has consented to the inclusion of the information in this report in the form and context in which it appears. For further information on this release and on BMA Gold Limited generally, please contact: Mark Wheatley Managing Director and Chief Executive Officer Ph: 02 9963 6400 Level 3 100 Mount Street North Sydney NSW 2060 PO Box 1244 North Sydney NSW 2060 Tel: +61 2 9963 6400 Fax: +61 2 9963 6499 www.bmagold.com.au
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