high grade intercepts... 11 m @ 458.9 g/t

ASX Code: AXY

Kalgoorlie North Gold Project

Historical High Grade Intercepts Confirmed

· Bonanza grade gold mineralisation has been identified from historical drilling outside
of existing resources
· Significant historical results include:
o 11 m @ 458.9 g/t, including 1.0 m @ 3112 g/t, Hole BCRB2194
o 17 m @ 3.5 g/t, including 2.0 m @ 11.68 g/t, Hole DXL107
o 4.0 m @ 16.1 g/t, including 1.0 m @ 58.6 g/t, Hole BCRC165
o 14 m @ 60.82 g/t, including 1.0 m @ 684 g/t, Hole BCRC173
· Historical drill results confirm high grade potential of mineralisation and substantial
targets beyond existing resources
· Multiple mineralised structures and extensive existing drilling database offer potential
for continued resource expansion in a major gold producing region with excellent
infrastructure and proximity to existing processing facilities
· Targets will be drill tested by extensive programs in 2010