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EUROGOLD LIMITED (ACN 009 070 384) ASX & AIM: EUG

EUROGOLD LIMITED (ACN 009 070 384) ASX & AIM: EUG. Overview. Focus on Eastern Europe (Romania & Ukraine) Significant hard rock discoveries in both countries Access to the only fully permitted CIL operation in Eastern Europe Ability to exploit enormous State owned infrastructure

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EUROGOLD LIMITED (ACN 009 070 384) ASX & AIM: EUG

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  1. EUROGOLDLIMITED(ACN 009 070 384)ASX & AIM: EUG June 2005

  2. Overview • Focus on Eastern Europe (Romania & Ukraine) • Significant hard rock discoveries in both countries • Access to the only fully permitted CIL operation in Eastern Europe • Ability to exploit enormous State owned infrastructure • Dominate an emerging mineral province in the Carpathians

  3. GERMANY EUROGOLD POLAND LIMITED UKRAINE Prague CZECH REPUBLIC L'viv Beregove SLOVAKIA UKRAINE Saulyak Vienna Bratislava AUSTRIA Budapest Transgold Baia Mare CIL Plant HUNGARY Rosia Montana +10Moz SLOVENIA CROATIA Black Sea Bucharest ROMANIA BOSNIA Adriatic 100km 200km 300km 0km SERBIA Sea

  4. Romania - Transgold • Romanian CIL 2.5 Mtpa plant built in 1998 at a cost of US$28m (Replacement cost US$40m) • Pre-emptive rights to remaining 50% • Romanian entry into the EU planned for 2007 – shutdown of State owned enterprises • Hard rock resources • Romanian North West Corridor – a repeat of the Kalgoorlie experience • Tailings

  5. Exploration Prospectivity of the Carpathians • Underexplored, yet still hosts a number of large discoveries • One of the global exploration "hot spots" • Ground holding in excess of 400 sq kms

  6. North West Corridor

  7. June 11 Prospect • 11 kms from Transgold Plant • 1.2m tonnes @ 2.5 g/t Au (Non-Jorc) • Historical production of 1.5m tonnes @ 3.5 g/t Au • Open Pit with nominal stripping ratio • Nominal Stripping Ratio • Good CIL Recoveries • Open to the North and South

  8. Sofia Prospect • 5 kms from Transgold Plant • Historical production of 3.5m tonnes @ 5 g/t Au • In exess of 10 kms of underground workings • Underground sampling grade of up to 12 g/t Au

  9. Beregove/Muzhievo LOCATION OF RESOURCES Mining District AND REGIONAL INFRASTRUCTURE IN THE NORTHERN CARPATHIANS EUROGOLD LIMITED Railway UKRAINE Saulyak Tisza River Gold Deposit Railway HUNGARY SIGHETU MARMATIEI ROMANIA Railway Somes River SATU MARE LEGEND TERTIARY VOLCANICS BAIA MARE EXPLORER & TRANSGOLD TENEMENTS RIVER Transgold RAILWAY Treatment GEOLOGICAL LINEAMENTS 0 km 10 km 20 km 40 km Plant NATIONAL BORDER GOLD DEPOSIT/OCCURRENCE

  10. Infrastructure & Sunk Costs Romania • Rail discharge facility linking feed bins (State owned) • 6 SAG-Ball Mill Units each capable of treating 300,000 tpa (State owned) • 2.5 Mtpa CIL Facility (Transgold - 50% EUG) • 9 km pipeline and thickener (Transgold – 50 % EUG) Ukraine • 9 kms underground tunnelling at Saulyak Existing rail line in excess of 100 kms linking both operations

  11. Ukraine Saulyak (EUG 100%) • 2.1m tonnes @ 8.4 g/t Au (578,000 oz) soviet C1 C2 category • Plant and mine linked by existing rail network • No existing workforce • 9 kms of underground development work

  12. Plan of Saulyak Deposit

  13. Schematic Cross Section Saulyak

  14. Saulyak Mine Model 498m level portal 468m level portal

  15. Saulyak Mine Model Trench Marble

  16. Saulyak Mine Model Footwall Marble

  17. Saulyak Mine Model Mineralization > 1g/t

  18. Saulyak Mine Model Extended Mineralization

  19. Saulyak Mine Model

  20. Corporate Directory 1) Issued Shares: 247,679,494 (fully diluted) 2) Board of Directors: Peter Gunzburg Dennis Franks Brett Montgomery Neil MacLachlan Chris Barker 3) Major Shareholders: Oxus Gold Plc 20% Peter Gunzburg 12% Chris Barker 12% 4) Dual Listed: ASX/AIM Code “EUG”

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