Angus & Ross - The Black Angel

Adrian Day
Queensland Gold and Minerals
Level 8 Waterfront Pl
1 Eagle St
Brisbane QLD 4000

Dear Adrian,

Please find below an excerpt from Oxiana’s most recent quarterly report which contains information about
the Waroo project which is subject to a joint venture between Oxiana and Queensland Gold and Minerals.
Warroo (Queensland Gold and Minerals JV - Oxiana earning up to 80%)
In south east Queensland, the ongoing field program involving geological mapping, rock chip, soil
and drainage sampling around known and new prospects provided highly encouraging results.
Rock chips assaying between 3 – 30g/t gold were collected in an area not previously sampled to
the southwest of the historic workings and mapping indicates alteration to be more extensive than
initially anticipated.
Results from recent soil geochemical sampling and geophysical surveys are being compiled to
prioritise drill targets.
Regards
Antony Manini
Executive General Manager Exploration and Resources