November 2008

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In the Heart of the “Pacific Rim of Fire” Porgera (Barrick) 10 Million Ounces Vatukoula (VGM) 11 Million Ounces Fiji Tuvatu Lihir (LGL) 41 Million Ounces Ok Tedi (OTML) 14.4 Million Ounces Macraes (Oceana Gold) 8 Million Ounces There are many world class gold Mines on the Pacific Rim of Fire

Prior British Colony with established common law and mining legislation Fiji has over 100 years of mining history and defined mining policy and laws. Skilled gold mining work force available in close proximity to the Tuvatu. The project is accessible from the main road and within 30 Km of tidewater port, international airport and 5 Km from a hydro power line. In the Heart of the “Pacific Rim of Fire”

To date 21 million dollars spent on project development. 51,484 metres of diamond drilling and 9,265 metres of RC drilling has delineated 1.65 million tonnes at 8.5 grams of resources covering less than 4% of the lease. Deposits remain open along strike and down dip, leaving strong potential to expand existing gold resource. Recent mapping and exploration along strike of the existing resources indicate significant high gold veins (Nubunidike Ridge, Hornet and Ura creek). Tuvatu Project

Tuvatu Geology The presence of “Bonanza grades” of several hundred grams per tonne have repeatedly been discovered and confirmed. To date over 20 separate mineralized structures have been identified in the perimeter area. The continuing mapping and sampling program has identified additional strike extensions which has the potential to significantly increase the current resource.

Advance-Staged Project To date 20 lodes have been discovered in the resource area, 11 Upper ridges, 4 Murau, 3 west plants site, 2 Tuvatu and flatmekes in SKL of which only 11 have been infill drilled to support the resource which is open on dip and strike. The other 9 loads are known to exist and need further definitive drilling Significant intercepts table used in Model after the application of geological factors lodeholefromtolengthtwau_cuttw*au_cut unitsmmmmg/t Aum*g/t Au UR1TUDDH UR1TUDDH UR2TUG UR2TUDDH UR2TUDDH UR5TUDDH URW1TUDDH URW1TUG URW2TUDDH URW3TUG

Why Underground Access Is Important The 1,341 metres of access provided visual confirmation of the gold mineralization and support for our geological model. Trial mining of the upper ridges deposits confirmed the geological stability and mining techniques. Two bulk samples mined, were successfully treated through an operating process plant which yielded a 90% recovery and proved the metallurgical flowsheet. The decline provides drilling access for the up and down dip extensions of the deposits

Tuvatu Resource Remains Open At Depth

Tuvatu Project

Regional geological work has located 20 new structures along a 3 km strike from the core resource area. The structures are well mineralized Exploration: Tuvatu Strike Extensions

Three main vein structures are recognized: Nubunidike, Hornet Creek and 290 Vein. Numerous rock/chip samples are awaiting assay results. LocationWidth (m)Grade (g/t Au) Nubunidike Ridge Nubunidike Ridge Nubunidike Ridge Hornet Creek Nubunidike Ridge Nubunidike Ridge Nubunidike Ridge Exploration: Tuvatu Strike Extensions

Ura Creek located approximately 1km south-southwest of the Tuvatu Resource. Trenching indicated the strike extent of the structure to be over 90 metres. Exploration: Tuvatu Strike Extensions LocationWidth (m)Grade (g/t Au) Ura Creek

Jomaki Prospect Located 1.7km south of the Tuvatu Resource area. The vein density of the Jomaki Prospect is encouraging, and could constitute a bulk mining target. Exploration: Tuvatu Strike Extensions Rock Chip Sampling Program LocationGrade (g/t Au) Veto Creek/Jomaki Ridge Upper Savusika Creek

Previous owners Emperor Mines Australia, a listed ASX company carried out a pre-feasibility study at a gold price of US$285 oz and found the project economically viable. The project is well advanced with an EIA, mine, process and tailings design The Tuvatu project lies on the same lineament as the 11 million ounce Vatukoula, Mt Kasi mine and the Geopacific exploration projects. Recently over 20 separate under explored mineralized structures have been identified covering 3 km on strike of the defined resource area. Summary