Great Gold Mines N.LABN 44 009 157 439Level 8, 580 St Kilda Road, MelbourneVictoria 3004, AustraliaPO Box 6315, St Kilda Road CentralMelbourne, Victoria 8008, AustraliaTelephone: +61 3 8532 2820Facsimile: +61 3 8532 2805Email: [email protected] L ABN 439 Level Melbourne Victoria Australia PO Central Melbourne, Australia Telephone: 2820 Facsimile: 2805 Email: au 00 11 October 2007 Manager Announcements Company Announcements Office Australian Securities Exchange 4th Floor 20 Bridge Street Sydney NSW 2000 Dear Sir SUMMARY OF ANNOUNCEMENT Mt. Bevan Iron Ore Project – New assay results confirm high grade hematite DETAILS OF ANNOUNCEMENT New assay results received today from five rock chip samples taken over 5km strike length confirmed the previously reported high grade hematite mineralization at the Mt Bevan Iron Ore Project. New rock chip assay results are as follows: SAMPLE ID mE MGA Z51 mN MGA Z51 Fe (%) SiO2 (%) Al2O3 (%) P (%) LOI (%) MB1 239508 6783775 60.2 5.96 2.85 0.056 4.39 MB2 239551 6783698 60.8 8.62 1.4 0.034 3.12 MB3 242276 6778698 59.6 5.06 2.66 0.023 6.55 MB4 242271 6778715 64.8 2.47 1.48 0.027 3.3 MB5 242448 6778676 57.3 4.67 3.53 0.028 8.91 These results confirm the need for a detailed sampling and mapping program, to be followed by an RC drilling program as soon as possible. The Mount Bevan Iron Ore Project (formerly known as Four Corners Iron Ore Project) on exploration licence 29/510, is located approximately 100km west of Leonora in the central Yilgarn of Western Australia. Yours faithfully PETER LEE Company Secretary The technical information in this report has been reviewed and approved by Dr D S Tyrwhitt who is a member of the Australasian Institute of Mining and Metallurgy and has over 40 years experience in the industry. M:\Documents\Great Gold Mines\Corporate\Announcements\2007\Mt Bevan 111007.doc
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