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Highlights from the results received to date include shallow high grade intercepts of 4m @ 14.86g/t gold (CCRC419 from 2-6m); 2m @ 6.89 g/t gold (CCRC423 from 1-3m), 3m @ 4.43g/t gold (CCRC414 from 11-14m).

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The number of forfeited partly paid shares to be auctioned by the Company is 93,780,558. The auction shall be at Riverside Auditorium, Riverside Centre, Level 5, 123 Eagle Street, Brisbane on Tuesday 10th March 2009 at 10.45am.

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For the Period Ended 30th June 2008

AGM on Friday 28th November at 9.00am at Level 5, 60 Edward Street, Brisbane

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The Mineral Resources at the Agate Creek epithermal gold project in North Queensland have been increased to a combined Indicated and Inferred Mineral Resource of

Quarterly Report

Encouraging high grade gold assays have been received from the recently completed initial eight hole Eidsvold drilling program

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Further Drilling Results have been received from the last 6 holes in the current 76 hole RC Drilling Program

Further encouraging results from the next 11 holes in the current 76 hole RC drilling program.

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Further Positive Drilling Results

New appointment of Chief Financial Officer