Tianshan Goldfields Share Discussion Threads

[wassapper] 22/9/2006 17:31

Tianshan will be presenting at the next Minesite Forum on 10 October, Great Eastern Hotel, Liverpool St. All are welcome to listen, question, network and lunch with wine.

[phil2003] 29/8/2006 11:44

current apathy shows just how much money has moved away from speculative miners since may.

[phil2003] 25/8/2006 02:35

will today's IC recommendation lift this ?
spread and trades to date laughable.
think this is what they refer to in the trade as a thinly traded stock!

to date:
22-Aug-2006 12.50p x 6,000 - £750.00 Ordinary Trade
09-Aug-2006 11.50p x 10,000 - £1,150.00 Single protected transaction
08-Aug-2006 12.75p x 7,500 - £956.25 Ordinary Trade
08-Aug-2006 13.00p x 10,000 - £1,300.00 Ordinary Trade
31-Jul-2006 13.25p x 4,000 - £530.00 Ordinary Trade

[Abuse team] 02/8/2006 07:27

Post removed by ADVFN

[mattyfromtheblock] 25/7/2006 11:01

A very positive RNS. I'm still not quite sure why this one seems to be under a lot of peoples' radars. The number of thier prospects alone leads to a great risk/reward ratio and they have plenty of money through instituitional backing. I'm not in this one yet but am keeping a close eye on it.

[the gulpster] 25/7/2006 09:50

25 July 2006

Tianshan Goldfields Limited

('Tianshan' or the 'Company')

Drilling Update

• A total of 17,252 metres (87 holes) diamond and 1,897 metres (19 holes) RC
drilling have been completed to 18 July 2006, with 6,900 metres assayed to date.

• Drilling has successfully identified extensions to the Yelmand, Mayituobi
and Jinxi deposits.

• Early drill results at Balake are indicating the discovery of a significant
new zone immediately south of Yelmand.

• Drilling has commenced testing the new prospects with early success at
Lion.

• Significant drill intersections include:

Yelmand

93 metres at 1.00g/t Au (including 16 metres at 1.35g/t Au)

Balake

69.4 metres at 0.90g/t Au (including 21 metres at 1.2g/t Au)

Lion

15 metres at 0.73g/t Au from 104 metres to 119 metres

21 metres at 0.65g/t Au from 126 metres to 147 metres

• These initial drill results demonstrate that the geological model can be
applied to extend existing deposits and make new discoveries at Gold Mountain.



Tianshan is pleased to announce the first results from the planned 40,000 metre
drilling programme at Gold Mountain, north west China. To 18 July 2006, a total
of 17,252 metres (87 holes) of diamond drilling and 1,897 metres (19 holes) of
reverse circulation ('RC') drilling have been completed. A total of 6,900
metres of assay results have been received to date.

This year the first stage of the exploration programme focused on extensions to
the Yelmand, Balake, Jinxi and Mayituobi deposits, and exploration of new gold
mineralised targets, indicated in past rockchip and mapping programmes at Lion,
Archer, Arrow, Ridge, Gorge, Plateau, and Kezele Kula at the base of Kezele
ridge.



Significant Drilling Results

Yelmand South

Four diamond drill holes (for 999 metres) have been completed in the
south-eastern area of the Yelmand deposit with assay results received for all
four holes. Drill hole DD06YEL104 reported a significant thickness of
mineralised breccia similar to intersections reported in 2005 in the same area
(Table 1).

• DD06YEL104 - 93 metres at 1.00g/t Au from 213 metres to 306 metres
(including 16 metres at 1.35g/t Au from 289 metres to 305 metres)

The next phase of the drill programme will test for the northern extension to
mineralisation at Yelmand.



Jinxi

A total of 12 diamond drill holes have been completed for 3,345 metres drilled,
with assay results received for two holes. Five holes on the north western
flank of the Jinxi deposit intersected thick intervals of silicified breccia
overprinting sandstone and conglomerates below 200 metres supporting a blanket
style of mineralisation linking with Yelmand. Assays have only been received
for the first two holes DD06JX064 and 065 which show a thick zone of low grade
mineralisation, with narrow intervals >0.3g/t Au (Table 1).



Seven holes have been drilled on the eastern flank of the Jinxi deposit. Three
holes drilled immediately east of the south Jinxi workings intersected
favourable host lithologies at a depth 57 metres down hole. A series of four
holes, located 200 metres further east, close to an andesite dome, intersected
hydrothermally brecciated rocks below 145 metres down hole and exhibit siliceous
and sulphidic alteration. Assays are awaited.



The next phase of the drill programme will test the western and south west flank
of the Jinxi deposit which is considered to link to the Balake zone where
drilling in 2005 confirmed significant aerial extent and good gold grades.



Balake

Drilling of 18 diamond holes is complete for 3,164 metres with assay results
received for five holes (Table 1). These holes were collared north and south of
outcropping hydrothermal breccia in Yelmand Creek. The holes have intersected
favourable silicified breccia lithologies north of Balake outcrops for a
distance of 400 metres and also significant thickness of breccia at shallow
depth in DD06BAL020 and 022 to the south. Assays are awaited for 13 holes.
Drilling is planned to follow up the shallow and thick intersections of
hydrothermally altered breccias located to the south, and also to confirm
extensions to the east under the ridge which separates Balake from Jinxi.

• DD06BAL012 - 69.4 metres at 0.90g/t Au from 8.6 metres to 78 metres
(including 21 metres at 1.2g/t Au from 8.6 metres to 30 metres)



Mayituobi

A total of eight diamond drill holes (for 640 metres) have been completed. These
have extended the known mineralised envelope to the northeast of the deposit and
closed off mineralisation to the north. Assays are reported for two holes
(Table 1) and the remainder are awaited.



• DD06MAY17 - 16.36 metres at 1.11g/t Au from 12.64 metres to 29 metres
(6.00 metres at 1.05g/t Au from 69 metres to 75 metres)

• DD06MAY19 - 14.26 metres at 1.00g/t Au from 15.74 metres to 30 metres



Lion

An array of 19 diamond holes, for 4,128 metres drilled, tested a strike length
of some 900 metres on the eastern flank of the Lion Head andesite intrusion
where surface rock chip sampling has located values to 0.8g/t Au. Assay results
are pending for eight holes. Further drilling at Lion will depend on these
results and an analysis of the data.



• DD06LIN001 - 15 metres at 0.73g/t Au from 104 metres to 119 metres
• DD06LIN003 - 21 metres at 0.65g/t Au from 126 metres to 147 metres
• DD06LIN004 - 9 metres at 0.91g/t Au from 42 metres to 51 metres
• DD06LIN007 - 9 metres at 0.83g/t Au from 152 metres to 161 metres
• DD06LIN008 - 5 metres at 1.21g/t Au from 182 metres to 187 metres



The company is highly encouraged by these first drill results to be received
from the 2006 field programme. These have demonstrated that gold mineralisation
extends beyond the current limits of the Jinxi, Yelmand, Balake and Mayituobi
deposits, and the targeted geological model has been exported to regional
targets with success.



The continued exploration drilling programme will also assess the significance
of the new gold mineralised targets at Chart, Hongling, Jiland, Jinshan and the
regional Kezele area. These were identified in 2004 and confirmed in 2005
mapping, rock chip and soil sampling programmes.



Mr SL Allnutt (AusIMM, MAIG), Chief Geologist of Tianshan Goldfields Limited,
compiled the technical aspects of this report relating to the Gold Mountain
Project. Mr Allnutt has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity that
is being reported on to qualify as a Competent Person as defined in the 2004
Edition of the Australasian Code for Reporting of Mineral Resources and Ore
Reserves. Mr Allnutt consents to the inclusion in the report of the matters in
the form and context in which it appears.



For more information please contact:



David Youngman, WH Ireland Limited Tel: [phone]
Dave Evans, Tianshan Goldfields Limited Tel: [phone]
Keith Liddell, Tianshan Goldfields Limited Tel: [phone].








Table 1: Diamond Core Drill Hole Intersections above 0.3g/t Au


Hole UTM_E UTM_N Azimuth Dip From To Interval Grade
(m) (m) ((o)) ((o)) (m) (m) (m) (g/t Au)
YEL103 541126.9 4908716.0 90 -70 102 107 5 0.86
126 129 3 0.43
145 146 1 1.58
YEL104 541138.4 4908615.9 90 -70 213 306 93 1.00
incl 214 283 69 1.00
incl 289 305 16 1.35
YEL105 541132.5 4908513.6 90 -70 Nil
YEL106 541232.6 4908515.3 90 -70 Nil
JX064 541575 4908463 270 -70 207 211 4 1.43
incl 207 208 1 4.48
215 216 1 0.48
232 233 1 0.36
236 237 1 0.33
243 246 3 0.24
255 256 1 0.61
258 271 13 0.75
incl 259 262 3 2.21
279 283 4 0.80
incl 280 282 2 1.20
JX065 541670 4908363 270 -70 69 70 1 0.31
222 224 2 0.32
227 228 1 0.39
233 235 2 0.47
LIN001 543359.2 4907697.5 90 -70 104 119 15 0.73
incl 105 118 13 0.77
121 129 8 0.54
incl 127 129 2 1.02
LIN002 542935.7 4907299.3 270 -70 Nil
LIN003 542949.5 4907346.7 90 -70 31 35 4 0.66
incl 31 32 1 1.48
126 147 21 0.65
incl 126 141 15 0.78
160 165 5 0.33
167 168 1 0.46
LIN004 542941.4 4907400.1 90 -70 42 51 9 0.91
incl 42 50 8 0.96
58 59 1 0.45
184 200 16 0.64
incl 185 193 8 0.87
incl 195 196 1 0.89
Hole UTM_E UTM_N Azimuth Dip From To Interval Grade
(m) (m) ((o)) ((o)) (m) (m) (m) (g/t Au)
LIN005 543038.6 4907399.6 90 -70 172 173 1 0.60

LIN006 543035.0 4907399.7 270 -70 Nil
LIN007 542896.6 4907197.3 90 -70 152 161 9 0.83
LIN008 543039.9 4907522.9 90 -70 182 187 5 1.21
LIN009 543153.5 4907501.2 90 -70 190 191 1 0.31
195 210 15 0.5
incl 196 201 5 0.71
incl 207 208 1 0.51
215 216 1 0.36
219 224 5 0.37
incl 221 222 1 0.56
227 230 3 1.11
LIN010 543069.0 4907599.1 90 -70 236 243 7 0.64
LIN011 543170.0 4907600.0 90 -70 222 224 2 0.43
incl 223 224 1 0.55
BAL006 5541213.7 4908417.4 90 -70 131 132 1 0.32
136 140 4 0.88
incl 136 139 3 1.05
142 149 7 0.97
incl 143 149 6 1.06
157 158 2 0.35
164 168 4 0.51
incl 165 166 1 0.88
172 183 11 0.49
incl 177 182 5 0.63
229 231 2 1.42
BAL008 541229.7 4908209.7 270 -70 73 80 7 0.82
84 86 2 0.68
89 90 1 1.02
93 94 1 1.18
BAL009 541217.2 4908321.3 90 -70 135 138 3 1.41
140 146 6 1.05
incl 140 142 2 2.49
incl 144 145 1 0.51
BAL012 541361.3 4907896.5 90 -70 8.6 78 69.4 0.90
incl 8.6 30 21.4 1.2
32 71 39 0.82
74 77 3 0.71





Hole UTM_E UTM_N Azimuth Dip From To Interval Grade
(m) (m) ((o)) ((o)) (m) (m) (m) (g/t Au)
BAL013 541366.4 4907950.6 90 -70 12 38 26 0.44
incl 15 19 4 0.64
incl 25 32 7 0.5
51 56 5 0.43
incl 55 56 1 0.57
63 65 2 1.14
69 70 1 0.77
73 75 2 0.86
ACH001 to 004 Nil
ACH005 542870.3 4907105.5 90 270 198 203 5 1.04
incl 198 201 3 1.49
205 209 4 0.52
215 216 1 0.70
238 243 5 0.64
incl 241 243 2 1.09
253 256 3 0.32
259 262.2 3.2 0.47
ACH006 Nil
MAY017 544440.5 4908151.8 270 -70 12.64 29 16.36 1.11
incl 12.64 28 15.36 1.15
64 66 2 0.58
incl 64 65 1 0.67
69 75 6 1.05
MAY018 544436.4 4908204.9 270 -70 14.4 17 2.6 0.34
21 25 4 0.71
incl 22 23 1 1.65
MAY019 544436.4 4908204.9 270 -70 15.74 30 14.26 1.00
GOR001 Nil



Grid coordinates in WGS84, UTM Zone 44 North

Diamond core drilling (HQ and NQ), triple tube, 95+% core recovery, all holes
surveyed

Assays for gold on half core, crushed and pulverised. 50g fire assay, detection
limit 0.01g/t Au

YEL = Yelmand

JX = Jinxi

LIN = Lion

BAL = Balake

ACH = Archer

MAY = Mayituobi

GOR = Gorge

Maximum 2 metres internal waste 0.5g/t Au

Nil = Assays reported no significant values


This information is provided by RNS
The company news service from the London Stock Exchange FVADRIEFIR

[mattyfromtheblock] 10/7/2006 18:26

Finally got some movement on this one. Still nobody trading anything. Found some very nice little articles on a website that date back to 2002 when TGF was still County Diamonds. All makes for good reading and a positive look on the co. These are firmly on my watchlist now. May well start building a position especially as the 40,000m drilling campaign is now under way.

[fromtheblue] 19/6/2006 07:29

Up 3.3% to A$0.310 on ASX this morning (12.875p)

WF Nominees on behalf of Hong Kong based funds increased their holdings substantially. Notification on ASX has not appeared on AIM for some reason. To view:-

[topinfo] 18/6/2006 21:22

Still think its worth waiting and seeing where the share price goes in the next few weeks. Alot of miners have slipped recently to their IPO price or in some cases even lower.

[fromtheblue] 18/6/2006 21:18

Last drilling update giving resource upgrade and hints at much more to come:-

[fromtheblue] 18/6/2006 21:03

Have to keep an eye on the ASX price on this one. Placing was at A$0.296 - the ASX price on Friday was A£0.300.

Interesting coverage from mineweb.com:-

Prospective gold targets in a prolific region
By: Rhona O'Connell
Posted: '17-JUN-06 07:00' GMT © Mineweb 1997-2004



LONDON (Mineweb.com) -- Chinese gold juniors are attracting increasing market attention and the latest admission to AIM is Tianshan Goldfields, which listed on AIM on June 14 after a placing raising £6.6 million (US$12.2 million).

Tianshan, which is also listed on the ASX (ASX:TGF) is developing its interest in the Gold Mountain Project, located in the world-class Tianshan Gold Belt in north-west China. This belt hosts a number of gold and copper deposits, including Muruntau (in Uzbekistan), which is the largest single gold deposit in the world, estimated at 5,443 tonnes, and which has in the past produced in the region of 80 tonnes per annum although it is thought now to be producing at roughly 60 tonnes per annum.

The Tianshan project is owned by Zinjiang Gold Mountain Mining, which is a Sino-foreign co-operative agreement between Mineral Securities (Zinjiang) and the Zinjiang Geology & Mineral Resources Technology Department and in which Tianshan holds a 90% interest.

Gold Mountain is roughly 500 kilometres to the west of the capital of Urumqi and near the city of Yining. Infrastructure is reasonably good, with a sealed road from Yining for 15 km, then 25km of unsealed road that services the neighbouring Arxi gold mine.

The project consists of eight exploration licences hosting advanced gold prospects with the potential for large tonnage low-grade gold deposits as well as narrower, high-grade opportunities. The team is managed by Grant Thomas, who has held senior positions with Rio Tinto Mining and Exploration in China and in Brazil. The operations and management team comprises a mixture of western and local experts and the geologists on site have substantial local experience.

The licences cover an area of roughly 512 square kilometres, at elevations of 1,400-1,900 metres above sea level in the foothills of the Tianshan Mountain Range.

Following the placing the company has a market capitalisation of approximately £22 million (US$41 million), and the resource currently has a JORC compliant indicated and inferred mineral resource estimate (from three of the eight deposits, i.e. the Yelmand-Balake, Jinxi and Mayituobi) of 59.9 million tonnes at 0.9 grammes per tonne of gold at a 0.5 g/t cut-off, giving 1.7 million ounces of contained gold. The intention is to identify large tonnage, open pittable disseminated-style gold deposits in near surface blankets associated with high-grade gold feeder structures and veins.

The company believes that these three, along with the Kezel deposit, play host to a near-surface, sub-horizontal blanket of disseminated gold mineralisation that may be suited to open pit and heap leaching, while a gold feeder is also a probability at the Jinxi target and this may be suitable to feed a conventional mill.

A series of eight conventional diamond drill rigs will be used for extension drilling and the investigation of areas of "reasonable access" and a further drilling programme will be devised for further evaluation of any discoveries. Deeper deposits will be explored with magnetic techniques.

Jinxi is associated with breccias in a series of west and east dipping structures, surrounded to the west and south by sub-horizontal blanket-style mineralisation. The deposit is open to the east, west and south and the 2006 drilling programme will concentrate on these extensions, especially the western extension towards Yelmand- Balake. This latter lies one kilometre to the west of Jinxi and consists of a sub-horizontal blanket of silicified breccia with a maximum downhole thickness of 105 metres, representing a true thickness of 90 metres. It looks as if the mineralisation is open in all directions. At Yelmand, the blanket has a maximum width of 500 metres and is up to 800 metres lying in a north-west direction. This too may be open at all directions and may tie in with Jinxi.

A 40,000 metre diamond and reverse circulation drilling programme began in May 2006 and the recent placing will contribute towards this exercise. The intention is to test the extensions to the three deposits so far delineated as well as a number of further targets. The 2006 drilling programme will focus on extending the zone to the north of Yelmand and also on extending the thick southern zone by infill drilling between Yelmand, Balake and Jinxi.

This is another early stage operation, but the address is good, the land is prospective and the non-executive chairman Keith Liddell has considerable experience in the development of resource projects, including the development of Aquarius Platinum as does managing director David Evans who was recently at Aquarius and Kroondal. These two gentlemen should be able to add strategic experience to the hands-on activity on site.

[tobyjug] 18/6/2006 00:22

topfino/ftb,on my radar to,good luck.

[fromtheblue] 14/6/2006 10:03

I decided that gold should bounce from here. Although my main investment remains GGG, having looked at this Ozzie company and the profile of its management leads me to expect real growth over the next 2 years, and for the same reasons as GGG. I have made a small initial investment this morning.

[topinfo] 14/6/2006 09:28

Maybe 2 or 3 months ago this would be a good bet for some tidy profits but the way the markets are at the moment it may be a good idea to wait and see what happens to the mining sector and gold prices in particular.

[topinfo] 14/6/2006 09:26

Tianshan Goldfields Ltd
14 June 2006


This announcement and the information contained herein is restricted and is not
for publication, release or distribution in whole or in part in the Republic of
South Africa, Canada, Australia, the Republic of Ireland, Japan or the United
States of America.

14 June 2006


Tianshan Goldfields Ltd commences trading on AIM after £6.6 million placing


• Exploration and development of prospective gold deposits in Xinjiang,
north-west China

• Gold Mountain Project consists of eight exploration licences covering a
total area of 512 km2

• Current resource inventory of 59.9 Mt at 0.9 g/t gold for 1,658,000 ounces
of gold


ASX-listed Tianshan Goldfields Limited ("Tianshan" or "the Company") (ASX / AIM:
TGF), today announces the commencement of trading in its shares on AIM after a
placing raised £6.6m (before expenses). The Company owns a 90 per cent. interest
in Xinjiang Gold Mountain Mining Company Limited, a Sino-foreign co-operative JV
agreement established between Mineral Securities (Xinjiang) Limited and the
Xinjiang Geology and Mineral Resources Technology Department ("XGMRTD") (the "
Gold Mountain JV"). The Gold Mountain JV wholly owns the Gold Mountain project
in the Tianshan gold belt in north western China. The Company has issued
55,000,000 Placing Shares, representing 29.64% of the enlarged issued share
capital of the Company following Admission, at a price of 12p per share. WH
Ireland Limited is acting as the Company's Nominated Adviser with Haywood
Securities (UK) Limited acting as Broker. WH Ireland Limited is the Placing
Agent in the UK and Haywood Securities Inc. is the Placing Agent in Canada.



The net proceeds of the Placing, £5.96 million, will be used, together with
existing cash resources, to fund the planned exploration programme over the next
18 months and for working capital purposes. The total expenditure of the
Company on the planned exploration programme is estimated to amount to
£4,895,100.



The Company's aim is to identify large tonnage, open pitable, disseminated style
gold deposits in near surface blankets associated with high grade feeder
structures and veins within the Gold Mountain Project. The Company intends to
utilise the funds to contribute to a 40,000 metre diamond and reverse
circulation drilling programme which began in May 2006. The main focus of this
programme is to drill test a number of targets within the Gold Mountain Project
and to test the extensions of the Yelmand, Jinxi and Mayituobi deposits (located
within one of the licences, the Gold Mountain Tenement). The current JORC
compliant Indicated and Inferred Mineral Resource estimate for the Yelmand,
Jinxi and Mayituobi deposits is 59.9 Mt at 0.9 g/t gold for 1,658,000 ounces of
gold (at 0.5 g/t gold cut-off grade).



Drilling is focused on areas aligned along mapped structures and associated soil
geochemical anomalies. The near deposit extension drilling and places of
reasonable access will be drilled by a team of eight conventional diamond rigs.
As geological mapping and follow up sampling of outcrop or drill core reveals
mineralisation, an additional drilling programme in 2006 will be planned to
better evaluate extent and grade potential at any of the discoveries made.
Detailed ground magnetic surveys will focus on delineating favourable structures
under cover and signatures for mineralisation known to be associated with
deposits defined to date.



Commenting today, David Evans, Managing Director of Tianshan, said: "Following
the successful Admission, our principal objective is to realise the full
prospective extent of the mineralisation at the Gold Mountain Project. Over the
next few months our priority will be to progress a 40,000 metre diamond and
reverse circulation drilling programme. Our admission to AIM will allow
Tianshan to widen its shareholder base and enable us to progress the Gold
Mountain Project."



www.tianshangoldfields.com

For more information:


Conduit PR


Angus Prentice [phone] / [phone] [e-mail]
Leesa Peters [phone] / [phone] [e-mail]
WH Ireland, Nomad


Laurie Beevers [phone] [e-mail]
David Youngman [phone] [e-mail]
Haywood Securities, Broker
Jeremy Wrathall [phone] [e-mail]
James Hannon [phone] [e-mail]




TIANSHAN GOLDFIELDS LIMITED


The Company was incorporated in Australia on 12 February 2002 under the name
County Diamonds Limited and listed on the Australian Stock Exchange on 8 May
2002. On 10 December 2003 County Diamonds Limited changed its name to Tianshan
Goldfields Limited, soon after acquiring its interest in the Gold Mountain
Project.


Tianshan, through its wholly owned subsidiary, Mineral Securities (Xinjiang) Ltd
("MSL"), owns a 90% interest in the Gold Mountain JV which wholly owns the Gold
Mountain Project in north western China. The Gold Mountain JV is a Sino-foreign
co-operative joint venture agreement established between MSL and Xinjiang
Geology and Mineral Resources Technology Department ("XGMRTD"). It holds
exploration licences over eight tenement areas in the Tulasi Basin, with a
combined total area of approximately 512 square kilometres. The most advanced
work to date has been undertaken in the Gold Mountain Tenement, a single
exploration licence, covering an area of approximately 88.5 square kilometres,
which includes the three primary target areas of Yelmand, Jinxi and Mayituobi.
The southeast corner of the licence is located immediately north of the Arxi
Gold Mine. The Arxi Mine reportedly has a resource of 21 Mt at 5.8 g/t gold
(3.8m ounces).


CHINESE GOLD HISTORY


With estimated annual gold output of over 200 tonnes, China is now the world's
fourth largest producer of gold. Current demand for gold in jewellery and
bullion is estimated around 300 tonnes per annum, making it the fourth largest
consumer of gold. The Chinese gold market has been extensively liberalised
since 2002, following the establishment of the Shanghai Gold Exchange, and
trading and private ownership of gold is now permitted. Furthermore, in
December 2003 the Chinese government issued a white paper on China's policy on
mineral resources, which stresses the importance of domestic supply, and aims to
strengthen the surveying, exploration and management of mineral resources.



China's gold mining industry is also going through a period of consolidation.
There are estimated to be more than 1,000 gold mines in China, but most of them
are medium to small scale operations and because current gold mining in China
uses relatively low technology, modern management with state of the art
processes, are required to improve productivity.



In 2000 the State council issued a decree to allow foreign investors to
establish wholly owned mining companies to prospect for and to exploit minerals
in China.



DIRECTORS



Keith Liddell - Non-Executive Chairman

Mr Liddell is an experienced metallurgical engineer and resource company
manager, having worked exclusively in the minerals industry since 1980. His
technical expertise includes engineering of plant and equipment, process
development, project management, and risk planning. He has particular
experience with the development of resource projects for platinum group metals,
base metals, gold, diamonds, and industrial minerals. He holds a number of
patents in his name. Mr Liddell has extensive experience in the management of
resource companies, including the formulation and implementation of corporate
strategy, managing stakeholder relationships and in arranging corporate and
project finance. He is the former managing director of Aquarius Platinum
Limited, a leading platinum mining company that successfully developed the
Kroondal Platinum Mine in South Africa under his direction. Mr Liddell is
Executive Chairman of Mineral Securities Limited.



Dave Evans - Managing Director

Mr Evans is an engineer with over 30 years experience in the resource industry.
His operational and development experience includes gold, platinum, base metals,
aluminium and coal for both large mining houses and emerging producers. As an
Executive Director of Aquarius Platinum Limited and Managing Director of
Kroondal Platinum Mines, he was responsible for the development, financing and
operation of the Kroondal Platinum Mine.



Grant Thomas - Executive Director

Mr Thomas is an experienced geologist/geophysicist, having worked exclusively in
the minerals industry since 1982. Mr Thomas has extensive experience in
exploration spanning several geographical locations. Mr Thomas was Country
Manager and Chief Representative for Rio Tinto Mining and Exploration (China) in
Beijing from 1997 to 2000. In China, Mr Thomas managed a team of Chinese
geologists exploring for gold, copper, coal and base metal mineralisation in
various geological terrains. Mr Thomas successfully negotiated Rio Tinto Mining
and Exploration's first project in China as well as negotiating the first
exploration licences in China (Xinjiang province). Mr Thomas held senior
positions with Hamersley Iron and Rio Tinto Mining and Exploration, in various
locations including Australia and Brazil.



Mark Ashley - Non-Executive Director

Mr Ashley joined LionOre Mining International Limited in 1997, following the
friendly merger with Forrestania Gold where he was Finance Director. Until his
recent departure on 31 March 2006, Mr Ashley was the Managing Director of
LionOre Australia from February 2001, and a member of the Lion Ore Mining
International Limited board from May 2005. A management accountant with over 20
years experience in the resource industry, Mr Ashley is the CEO and Managing
Director of ASX listed Apex Minerals, a non executive director of ASX listed
base metals producer Kagara Zinc Ltd and a director of the Australian Gold
Council.



SENIOR MANAGEMENT



Steven Allnutt - Chief Geologist

Mr Allnutt has over 20 years experience in exploration and mineral resource
evaluation spanning several commodities. Mr Allnutt was Principal Geologist and
Site Manager for the Rio Tinto Century Zinc project in Queensland, Australia.
Activities involved management of ore resource evaluation studies including bulk
sampling, together with a range of site activities related to safety, employee
relations, environmental issues, community and government liaison. Mr Allnutt
successfully implemented communication strategies that developed co-operation
and support from local communities which culminated in the grant of mining
leases for the Century Mine. Prior activities in the late 1980's to early
1990's saw Mr Allnutt in the role of Principal Geologist, responsible for ore
resource definition drilling and field support for feasibility studies on the
Dugald River Pb-Zn-Ag deposit, Mt Isa Mineral Province. He also co-ordinated
resource definition drilling and exploration for heavy minerals in the Murray
Basin of Victoria, for CRA Exploration Pty Ltd.



Mark Bolton - CFO and Company Secretary

Mr Bolton has 15 years commercial and financial experience working within public
accounting practice and commerce, specialising in corporate finance. Mr Bolton
is a senior executive with Mineral Securities and has considerable experience in
global resources investment, project development and financing and capital
markets. Mr Bolton led the negotiations to acquire the interest in Gold
Mountain in 2003.



The Company accepts responsibility for the information contained in this
announcement. To the best of the knowledge and belief of the Company (which has
taken all reasonable care to ensure that such is the case) the information
contained in this announcement is in
accordance with the facts and does not omit anything likely to affect the import
of such information.

WH Ireland Limited ("WHI") is the Company's nominated adviser for the purpose of
the AIM Rules and placing agent in the UK. WHI's responsibilities as the
Company's nominated adviser under the AIM Rules are owed solely to the London
Stock Exchange plc and are not owed to the Company or to any Director or any
other person. WHI is acting for the Company and no one else and will not be
responsible to any other person for providing the protections afforded to
customers of WHI nor for providing advice in relation to the arrangements
described in this announcement.



Haywood Securities (UK) Ltd ("Haywood UK") is the Company's broker in the UK and
is authorised and regulated by the Financial Services Authority. Haywood UK is
acting for the Company and no one else in connection with the Placing. It will
not regard any other person as its customer nor be responsible to any other
person for providing protections afforded to the clients of Haywood UK nor for
providing advice to any other person in connection with the arrangements
described in this announcement.



Haywood Securities Inc ("HSI") is acting as the Company's placing agent in
certain jurisdictions in connection with the Placing. It will not regard any
other person as its customer nor be responsible to any other person for
providing protections afforded to the clients of HSI nor for providing advice to
any other person in connection with the arrangements described in this
announcement.

Neither WHI, Haywood UK nor HSI is not making any representation or warranty,
express or implied, as to the contents of this announcement. Neither WHI,
Haywood UK nor HSI accepts any liability whatsoever for the accuracy of any
information or opinions expressed in this announcement or for the omission of
any information.

Forward looking statements. Information contained in this announcement may
include 'forward-looking statements'. All statements other than statements of
historical facts included herein, including, without limitation, those regarding
the Company's financial position, business strategy, plans and objectives of
management for future operations (including development plans and objectives
relating to the Company's business) are forward-looking statements.

Such forward-looking statements are based on a number of assumptions regarding
the Company's present and future business strategies and the environment in
which the Company expects to operate in future. Actual results may vary
materially from the results anticipated by these forward-looking statements as a
result of a variety of factors, including those discussed under the section
entitled "Risk Factors" in Part 2 of the Admission Document. These
forward-looking statements speak only as to the date of this announcement and
cannot be relied upon as a guide to future performance. The Company expressly
disclaims any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained in this announcement to reflect any
changes in its expectations with regard thereto or any change in events,
conditions or circumstances on which any statement is based.




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