IRON BUTTE PROJECT

The Iron Butte Property is located in the Battle Mountain—Eureka trend. The Property covers an area of approximately 1,540 hectares (over 190 claims) and features a well-defined bulk-tonnage epithermal gold and silver system, which outcrops at surface. Past drilling by Homestake, Newmont and Newcrest showed promising indications of gold and silver mineralization. A total of 31,614 m of reverse circulation (RC) drilling has been completed to date. With the oxide cap intact, Angold intends to continue exploration of this promising deposit and to update the historic resource.

IRON BUTTE HIGHLIGHTS

Historical resource of:

606,186 oz at 0.62 g/t Au*

(not a current resource)

Highlight holes:

• 30.5m at 1.80g/t Au*
• 24.3m at 1.48 g/t Au*

Favourable earn-in terms