AUSGOLD LIMITED — Capital/Financing Update 2012

Aug 12, 2012

80 Churchill Avenue, Subiaco, Perth, Western Australia 6008 T: +61 8 9466 9555 │ F: +61 8 9466 9566 E: info@ausgoldlimited.com | W: www.ausgoldlimited.com ACN: 164 140 496

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13 August 2012

Company Announcements Office Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir/Madam,

RE: Notice under Section 708A(5)(e) of the Corporation Act 2001 (Cth)

As contemplated by the announcement on 6 August 2012, Ausgold Limited (“ Company ”) advises that today it had completed a placement of 5,498,637 fully paid ordinary shares at $0.33 per share to a range of institutional and sophisticated investors.

The Company provides the following notice under section 708A(5)(e) of the Corporation Act 2001 (Cth) (“ Act ”):

• a) the shares were issued without disclosure to investors in accordance with Part 6D.2 of the Act;

• b) as at the date of this notice, the company has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (ii) section 674 of the Act; and

• c) as at the date of this notice, there is no information which is ‘excluded information’ within the meaning of sections 708A(7) and 708(8) of the Act.

Yours faithfully

AUSGOLD LIMITED

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Mark Di Silvio Company Secretary

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