Highlights (from page 1 of report)Resources in the Silver Hill...

Highlights (from page 1 of report)

Resources in the Silver Hill deposit increase tonnes by
45% (7.2 mt), silver by 49% (15 moz), and gold by 38%
(350,000 oz) when compared to the September 2007
resource estimate. This increase is equivalent to
650,000 ounces of gold.

Consultants Hellman & Schofield Pty Ltd estimate that
the Silver Hill Deposit Indicated and Inferred Resources
now total 23.1 million tonnes at 1.70 g/t gold, 61 g/t
silver, and 0.29% copper, equivalent to 2.65 million
ounces gold, using a $20 cut-off.

Total Mt Carlton Resources (Silver Hill, Mt Carlton, Mt
Carlton-Western Lodes & Herbert Ck east) are now
estimated to be 25 million tonnes at 1.70 g/t gold, 60 g/t
silver, and 0.28% copper for contained 1.35 million
ounces gold, 48 million ounces silver and 70,000 tonnes
copper.

Completed 2,400m of drilling including 500m of reverse
circulation percussion drilling and 1,900m of HQ3
diamond drilling.

Hellman and Schofield has advised that a significant
proportion of the Silver Hill resource is likely to be
upgraded to Measured status in the near future, upon
successful completion of normal QAQC (quality control)
validation, which is in progress.

Regional Joint Venture partner Gold Fields has been
reviewing all the recent Silver Hill resource drill data to
complete it’s own resource model; and has extensive
exploration programs underway with 15 men on site.