1. KOZA GOLD COMPANY
OCTOBER 2006
TURKEY

2. KOZA GOLD OPERATIONS A- OPERATIONS B- PROJECTS C- FUTURE PROJECTS
OVACIK GOLD MINE
(200,000 ons/yr Gold Productions)
B- PROJECTS
MASTRA GOLD MINE
( ons/yr Gold Productions)
KUCUKDERE OPEN PIT
( ons/yr Gold Productions)
C- FUTURE PROJECTS
KAYMAZ GOLD MINE
( ons total resource)
GICIK PROJECT
D-SUBSIDARY
OZDEMIR ANTIMONY MINE

3. KOZA GOLD EXPLORATIONS
TURKEY
OVACIK REGION
WESTERN TURKEY
CENTRAL & EASTERN TURKEY
ABROAD
GHANA (WESTERN REGION)

4. KOZA GOLD TOTAL LICENCES
Number of Licences
Total Hectares
WESTERN TURKEY
EXPLORATION 39
48448,71
OPERATION 3
11021,63
EXPLORATION (OVACIK) 8
9527,53
OPERATION (OVACIK) 4
47720,77
TOTAL 54
116718,64
CENTRAL TURKEY 12
12022,88
16099,60 16
28122,48
EASTERN TURKEY 13
4457,28 1
3536,81
EXPLORATION (MASTRA) 10
7272,78
OPERATION (MASTRA)
6771,50 27
22038,37 97
166879,49

5. Kozagold Operations and Projects
MASTRA
GICIK
KAYMAZ
KÜÇÜKDERE
OVACIK

6. OVACIK FLOW SHEET

7. ENVIRONMENTAL MANAGEMENT
BG2 2 3 1 4 5
BG3
BG1
GK 7 S/D
GK 8 S/D
GK 9 S/D
GK 4
GK 5
GK 6
Decant Tower
Tailings Pond
Process Plant N
300 meter
Environmental Monitoring Locations
Particulate dust monitoring
Precipitated dust monitoring
HCN gas monitoring
Noise monitoring
Blast monitoring
Cyanide sampling locations
Tailings pond sampling locations
Underground water monitoring wells
Weather Station

8. ENVIRONMENTAL MANAGEMENT
Rehabilitation works
Plantations of olive and pine nut trees
Good quality - olive oil
Co-existence of Gold mining activities
and olive plantations.

9. LEGAL AND PERMITTING STATUS
OVACIK GOLD MINE
Mine operates since May 2005 after renewal of all necessary permits.
There are three main ongoing cases in Admin Courts of Izmir and in Supreme Court in Ankara.
These are related to the below permits:
Environmental Impact Assessment
Continuous Operation Permit
Land Zone Permit
MASTRA GOLD PROJECT
Environmental Impact Assessment is ongoing
Negotiations on land purchases
KÜÇÜKDERE OPEN PIT

10. OVACIK GOLD MINE
KOZA GOLD

11. Geology Map of Ovacik Mine

12. Ovacık Total Resource
Stockpiles include ore in Measured, Low Grade in Indicated Resource

13. Ovacık Reserve Summary-Dec 2005

14. STAGE -4 PIT DIZAYN
OPEN PIT-STAGE 4 PIT

15. Ovacık Mine Ore Production

16. Ore Milled vs Ore Mined
DECEMBER 31st 2004-DECEMBER 31st 2005

17. MASTRA PROJECT
Mastra Resource and Block Model

18. Mastra Resource

19. Mastra Project Environmental baseline study completed
EIA Reports study continue with SRK
Layout and Earth work Conceptually designed.
Ovacik flow sheet modification continue with SGS.
Mine designs completed by AMC.

20. KUCUKDERE PROJECT
Kucukdere Block model and Resource

21. KUCUKDERE RESOURCE- DECEMBER 2005
Tonnes
Au (g/t)
Au ozs
Kucukdere
4.92
-Kucukdere blok model done by AMC and cut off 3 g/t Au

22. Kucukdere Open pits

23. KAYMAZ PROJECT
Kaymaz Block Model and Resource

24. KAYMAZ RESOURCE- DECEMBER 2005
Tonnes
Au (g/t)
Au ozs
KAYMAZ
6,6
- Kaymaz blok model done by TUPRAG and cut off 3 g/t Au

25. TOTAL RESOURCE AND RESERVE

26. EXPLORATIONS 1-Ovacık Regional Explorations
2-Western Turkey Explorations
3-Central Turkey Explorations
4-Eastern Turkey Explorations
5-Ghana Explorations

27. OVACIK REGIONAL 1.M Vein West 2.Narlica 3.Dedetepe 4.Kucukmagara
5.Fila Tepe
6.Uyuzkaya Tepe
7.Gelin Tepe
8.Kapikaya
9.Kaplan

28. WESTERN TURKEY 1-KARADAG ANOMALY
High Sulphidation, in addition to extensive silisification Au bearing stockworks and barite and sulphide-bearings veins are present
2-KIRCA ANOMALY
Low Sulphidation/Sedimant Hosted, carried out extensive sampling within the licence and collected 14 BLEGs, 32 stream sediment and 91 rock samples – the latter returning values up to 5.3ppm Au
3-KIZILCUKUR ANOMALY
Low Sulphidation, On the south , strong Au, Ag, Sb, Pb, Zn results indicating higher level of epithermal system, rockchip samples are highly anomalous in the range 0,5 to 8.0 g/t
4-KUCUKDERE
Low Sulphidation/High Sulphidation

29. WESTERN TURKEY
LICENCED AREAS

30. CENTRAL TURKEY 1-KAYMAZ PROSPECT
Epithermal system Several phases of silicification and brecciation. Signification gold grades of up to 6 g/t.
2-SOGUT ANOMALY
Carlin Style Mineralizations Extensive old Au workings where mineralisations appear to be associated with quartz-calcite veinlets penetrating limestone, or with quartz-clay-limonite schists stockworked by calcite veinlets,or earthy-limonitic clay,yielding gold values in the range 0.5 to 22 g/t
3-HIMMET DEDE ANOMALY
Carlin Style Mineralizations Widespread distribution of Au,Sb,As,Hg and W in these anomalies hosted by the limestone close to a major tectonic boundary may represent Carlin-Type Au mineralisation gold values up to 0.9 g/t.

31. Central Turkey
LICENCED AREAS

32. EASTERN TURKEY 1-MASTRA WEST
Low Sulphidation, Extension of 2 major quartz veins. from drill hole (MD61) g/t Au
2-TORUL PROSPECT
Low Sulphidation, Of the order of 24 grab rockchip samples are highly anomalous in the range 0,5 to 9,4 g/t with 7 samples >4 g/t
3-ERCIS ANOMALY
Porphyry Related, Results are pending.

33. Eastern Turkey
LICENCED AREAS

34. GHANA EXPLORATIONS
GEOLOGY MAP OF GHANA
MAGNETIC MAP OF GHANA

35. GHANA LICENCE AREA
KOZA GOLD

36. Soil Geochem Results

37. CONCEPTUAL 10 YEARS LIFE OF MINE

38. FINANCIAL STATISTICS Financial Statistics based on Conceptual LOM ..
Financial Data
Average Gold Price $
Average Cash Cost $
Total Cash Costs
$ ,296,080
Gold production
oz ,386,228
Revenue
$ 1,431,736,553
Free Cashflow
$ ,740,473
NPV of Free cashflow
$ ,548,622

39. CONCEPTUAL 10 YEARS LOM BY YEAR
Operations LOM

40. OPERATIONS CONCEPTUAL 10 YEARS LOM
Operations LOM

41. TOTAL CONTAINED OUNCES

42. REVENUE&OPEX&CAPEX