EXTENSION OF PUNGKUT CoWDear Sir / Madam,The Board of Directors...

EXTENSION OF PUNGKUT CoW

Dear Sir / Madam,

The Board of Directors of Sihayo Gold Limited is pleased to announce that the Pungkut
Contract of Work (CoW) Exploration Period has been extended by a further 12 months until
6th October 2010. Once the Exploration Period is completed the Company then has a
further two years in which to complete a Feasibility Study.
The CoW which includes the Sihayo Gold Project is held by PT Sorikmas Mining which is in
turn 75% owned by Sihayo Gold Limited.
The Sihayo Gold Project is currently the subject of a Definitive Feasibility Study and
resource definition drilling and engineering and environmental studies are now well
underway. The Company is aiming to complete the technical and environmental aspects of
the DFS by late 2010 with the aim of moving into production by the first half of 2012.
There are currently 3 drilling rigs operating at Sihayo with a 4th and 5th rig due on site in
December and the Company is expected to release a further update of results of the recent
drilling activities within the next week.

Yours faithfully,
SIHAYO GOLD LIMITED
TONY MARTIN
Chief Executive Officer