PHOENIX POURS FIRST GOLD FROM SURFACE STOCKPILESHighlights?...

PHOENIX POURS FIRST GOLD FROM SURFACE STOCKPILES

Highlights
? FIRST GOLD BAR PRODUCED FROM CATHERWOOD STOCKPILES
? TREATMENT CAMPAIGN CONTINUES
Overview
Phoenix Gold Limited (ASX: PXG, “Phoenix”) is pleased to announce that it has poured its first gold
bar from the treatment of remnant stockpiled Catherwood ore at the Greenfields Mill.

Phoenix Board with first load of ore Exploration Manager Ian Copeland and Board with gold bar
“The pouring of our first gold bar is a significant milestone for Phoenix and we are confident that
there will be many more where that came from. The cash from the treatment of these historic
stockpiles will enable additional exploration work to be carried out to continue growing our
Resources and will fund the development of our first mine next year,” Managing Director Jon
Price said.
“Becoming a self-funded explorer and developer has been a core part of our strategy and it is
extremely pleasing to be generating cash flow before the Company’s first birthday in December.
We have a very busy 2012 ahead with large drilling programmes underway, more historic
stockpiles to treat and the development of our first gold mine,” he said