6 July 2006 GOLDSTAR APPROVES $5.2 MILLION EXPENDITURE FOR EUREKA BULK SAMPLING PROGRAM · Positive Scoping Study completed confirming $5.2M cost estimate for Bulk Sampling Program, well within budget expectations. · 80% of costs associated with components that would be utilised as part of future mining operations at Eureka. · Civil works already 40% complete, with underground mining scheduled to commence in September 2006 Quarter. · Program includes installation of innovative Skipway haulage system, to play a key role in future commercial development at Walhalla. · Bulk Sampling Program to provide key grade, mining and metallurgical data for development/exploitation of Eureka and other dyke bulges.
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