Notes

1.The ore reserve estimate used a gold price of A$1,000/oz.

2. All data is rounded and discrepancies in summation may occur.

3. Based on Moolart Well drilling to 14 January 2008.

4. The information in this report that relates to Moolart Well Ore Reserves is based on information compiled by Mr Anthony Stephen Lund who is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the mining method undertaken to qualify as a Competent Person as defined in the JORC Code (2004). Mr Anthony Lund is a full time employee of Global Mining Services Pty Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

5. The information in the statement of Mineral Resources for Moolart Well is based on information compiled by Mr Andrew Hawker of Regis Resources Ltd and Mr Richard Gaze of Golder Associates Pty Ltd who are both members of the Australasian Institute of Mining and Metallurgy and have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Persons as defined in the JORC Code (2004). Mr Richard Gaze has provided Competent Person sign-off for the resource estimation procedures and results. Mr Andrew Hawker has provided Competent Person sign-off for the quality and representativity of the drill hole data and geological interpretations.