Jaipur, 21st February 2007Press ConferenceJaipur, 21st February 2007

Exploring for GOLD in India

Jaipur, 21st February 2007

The Company

• Indo Gold Limited is an Australian company based in Brisbane, Queensland

• Exploration for gold commenced +2 years ago in Rajasthan

• Plans for major investment

• I am here to announce the news of this gold find and plans for future investment

• We are also opening an office in Jaipur at Ganpati Plaza, and we are opening shortly an office in Udaipur

• Pleased to meet you for first time and hope for many more occasions in future

Jaipur, 21st February 2007

Indo Gold Mines Pvt Ltd

Indo Gold Limited70%

Metal Mining India Pvt Ltd30%

Indian JV Company

Jaipur, 21st February 2007

Company Highlights

• 2+ years since start of drilling programmes

• No resources compliant to international standards (JORC) at outset

• We have moved rapidly to improve and increase the reportable Mineral Resources as such:

– 22nd Aug 2005 0.57 Moz (18 tonnes gold)– 8th Sept 2006 1.0 Moz (31 tonnes gold)– 3rd Oct 2006 1.74 Moz (54 tonnes gold)

• Huge upside; but low grade deposit requiring specific expertise to explore and develop

Jaipur, 21st February 2007

Benefits to Rajasthan

• Revenue to state exchequer via Royalties

• Direct & indirect jobs (over two thousand)

• Development of a region that is quite undeveloped

• Ancillary businesses – transportation, processing, engineering, excavation, etc.

Jaipur, 21st February 2007

Why RAJASTHAN?

• Geology and landscape comparable to Australia

• Under-explored

• Comfortable with:– Government support for mining

– Legal framework

– Support from local communities

– Rich heritage in Rajasthan, including a long history of mining, and wonderful people

Jaipur, 21st February 2007

Udaipur – our regional baseEarly morning on Lake Fateh Sagar

Water infrastructure built circa. 1678 by Maharana Jai Singh

Jaipur, 21st February 2007

Tenements 2,135 km²

2 RPs granted

2 RPs applied

1 PL applied, ‘in process’

Jaipur, 21st February 2007

Bhukia Prospect - Soils & Resource Zones

High-order soil anomaly, open

IGL’s soil sampling adds greater definition and discovers extensions

Soil sampling continuing

Jaipur, 21st February 2007

Mahi Zone

• 200 Level Mineral Resource Blocks

Jaipur, 21st February 2007

Mahi Zone

• Section 6360 N Mineral Resource Blocks

Jaipur, 21st February 2007

N

0 m 500 m

Resource Zones

Plan Viewshowing ancientworkings

Jaipur, 21st February 2007

N0 m

500 m

Bhukia Perspective Quickbird Satellite Imageshowing resource zonesat surface

Jaipur, 21st February 2007

Some Images

Jaipur, 21st February 2007

Bhukia

Gossan SamplesMahi Zone

Jaipur, 21st February 2007

Bhukia

Ancient Workings

Panch Mahuri

Delwara

Jaipur, 21st February 2007

IGL Drilling

at Panch Mahuri Zone

at Mahi Zone

Jaipur, 21st February 2007

Bhukia Mineralisation

Pyrrhotite Rich, Mahi Zone

Jaipur, 21st February 2007

Permitting Issues

Environmental & Forestry approvals granted (first foreign company in Rajasthan)

Pioneering project so we lead, but suffer the steep learning curve!

Final approval of Prospecting Licence (PL) awaited; then we need to apply for Mining Lease (ML)

Jaipur, 21st February 2007

Targets

• Drill-out to commence 2007 subject to permitting approvals

• 60,000 metres in first phase

• Budget is Rs 60 crore (A$20 million)

• Target +5 Mozs in Resources

• Conceptual project will require Rs 2000 crore (+A$500 million)

Bhukia

Jaipur, 21st February 2007

Indo Gold Limited

• Exciting new gold (copper) province in India

• Growth by own exploration

• Bhukia – a possible very large, future mining centre?

• FIRST WORLD CLASS gold mine in Rajasthan

Thank you

Jaipur, 21st February 2007

THE END?