Beaconsfield Gold - Australia's Richest Gold Resource.

High Grade, Low Cost Gold Producer

Beaconsfield Regional Exploration

Beaconsfield Gold holds exploration tenements totaling approximately 34 square kilometres immediately surrounding the mine lease and situated over the “Mine Sequence” rocks that host the major Tasmania Reef (+2M ounces of gold) at the Beaconsfield Mine.

The Mine Sequence of Ordovician conglomerate, sandstone and siltstone beds occurs between two north-westerly trending thrust faults – the Cabbage Tree Thrust and the Cobblestone Creek Thrust. This belt is only around 400 metres wide and provides excellent focus for further exploration targeting another major quartz vein system analogous to the Tasmania Reef. Much of this area was not available for historic prospecting because of a lack of outcropping rocks and the area has received little modern exploration to date, despite being highly prospective.

The extent of drilling can be seen on the following figure which clearly shows the focus to date has been on delineating the Tasmania Reef.

The Company considers that the Beaconsfield Mining Lease and the surrounding exploration tenements represent an outstanding exploration opportunity. The endowment of the Tasmania Reef is now in excess of two million ounces at an extremely high grade. Modern exploration for repeats of the system has been restricted, initially by the focus on returning the Tasmania Reef to production, and later by the diversity of corporate ownership.

A number of compelling “walk-up” drill targets have been identified to the north of the Tasmanian Reef in addition to large areas of untested but prospective ground both north and south of the Tasmania Reef. In particular, limited drilling at Pease Creek during the 1990’s recorded a best result of 3.5 metres at 11.1 g/t gold, within which 1.5 metres graded 21.1 g/t. Also, the North Tasmania Reef supported some limited historic production but has never been tested at depth. A program of RC and diamond holes to further test both of these targets is planned for the 2008 financial year.

As part of an aggressive strategy to rapidly advance exploration at Beaconsfield, the Company has prioritised targets for an extensive surface drilling program. In September 2007 a low level helicopter aeromagnetic survey was carried out as an initial stage of this program. Results are expected to assist in target definition for drilling programs in 2007/08 and 2008/09.

Mine geologists have identified underground drilling targets in the immediate hangingwall and footwall of the Tasmania Reef. Underground diamond drilling commenced in July 2007 targeting the North Reef in the western part of the mine, where host rocks are known to favour much stronger reef development and gold deposition in the Tasmania Reef.

Beaconsfield Gold Directors inspect Hole B52 at Middle Arm Gorge

Entrance to the Powerline Adit at the Salisbury Hill Prospect, 6 kilometres south east of the Tasmania Reef.