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

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. UKRAINE SLOVAKIA SERBIA ROMANIA POLAND HUNGARY CZECH REPUBLIC CROATIA BOSNIA AUSTRIA SLOVENIA GERMANY Black Sea Saulyak Beregove Transgold Baia Mare CIL Plant Bucharest Bratislava Budapest L'viv Prague Vienna EUROGOLD LIMITED Adriatic Sea Rosia Montana +10Moz 0km 100km200km300km UKRAINE

4. 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 Romania - Transgold Eurogold 50% Remin (State Mining Company) 45% Other State Romanian Shareholders 5% 100%

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

11. 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

12. 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

13. Plan of Saulyak Deposit

14. Schematic Cross Section Saulyak

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

16. Saulyak Mine Model Trench Marble

17. Saulyak Mine Model Footwall Marble

18. Saulyak Mine Model Mineralization > 1g/t

19. Saulyak Mine Model Extended Mineralization

20. Saulyak Mine Model

21. 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”