CASSIUS MINING LIMITED — AGM Information 2007

Oct 29, 2007

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30 October 2007

The Listing Manager Australian Stock Exchange 20 Bridge Street Sydney NSW 2000

Dear Sir

Results of AGM

Pursuant to section 251AA of the Corporations Act 2001 and Listing Rule 3.13.2, the company advises that all of the resolutions considered by shareholders at the Annual General Meeting of Gulf Resources Limited, held on 30 October 2007, were all duly passed by show of hands.

Set out below is the proxy information required by section 251AA of the Corporations Act 2001:

Proxy Summary

Proxies	In Favour	Against	Abstain	Discretion
Item 1	20,330,164	-	250,000	2,105,000
Item 2	20,580,164	-	-	2,105,000
Item 3	20,580,164	-	-	2,105,000

Attached please find a copy of the Chairman’s Address.

Yours faithfully

Wayne Kernaghan Company Secretary

ACN 115 027 033 Level 10 Gold Fields House 1 Alfred Street Sydney NSW 2000 PO Box R745 Royal Exchange NSW 1225 Tel: (02) 8247 5333 Fax: (02) 9247 7722 www.gulfresources.com.au

CHAIRMAN’S ADDRESS

Dear Fellow Shareholder,

It gives me great pleasure to welcome you to the company’s second annual general meeting of shareholders since listing on the ASX in August, 2006.

Your board and management have remained focused on positioning the company to fulfill the short and longer term goals outlined to investors at the time of our initial public offering (IPO).

I am pleased to report the during the last year the company management team has made a number of significant achievements and delivering on our strategy of offering shareholders a balanced exposure to brownfield resource expansion, advanced greenfield exploration and development potential through a project acquisition strategy.

These achievements include:

• Successful listing on the ASX at premium to IPO price.

• Completion of Loyalty option issue that delivered a ten-fold return for investors.

• Significant exploration success at Crystalbrook Gold base metals through:

• Completion of Geophysical IP survey - outlining a previous unknown target.

• Drill testing and discovering a previously unknown mineralized intrusive body.

• Received formal grant of highly prospective NT gold tenements - the Swan Creek Project.

• Initiated and maintained a strong working relation with the Malera Bandjalan people’s representatives at our Ewingar Gold Project in Northern NSW.

• Reviewed and conducted advanced negotiations on a number of substantial resource projects in East and Southern Africa.

• Initiated a strategy of building a global resources investment group.

I congratulate the Gulf Resources’ staff and management team on the excellent work achieved this year and look forward to working with the team as we continue to expand and grow the business.

In particular, the senior executive team, Mr Wayne Kernaghan (Director and Chief Financial Officer) and Mr Greg Duncan (Technical Director), deserve mention for their dedication and professionalism in making your company a success.

Additionally, I have the pleasure to welcome Mr Philip Treisman (Director, Strategy and Counsel) to the board and management team and acknowledge the valuable input he is making to the group.

Where to from here?

The short-term global economic outlook remains generally positive. The economic growth of China and India is expected to remain strong and it seems that there may be a re-emergence of Russia both globally and in the East Asian region. The US economy seems likely to remain solid if somewhat volatile.

Investors have responded to these developments by seeking comfort in the traditional safe haven of gold. The price of gold rose by an average of 28 per cent during the last financial year and forward prices on LME metals remains above their long-term historical averages.

This is usually understood to indicate that supply surpluses are not expected in the near future of these markets. Gulf is thus well positioned both geographically and in terms of its intended operations to take advantage of the opportunities presented by these trends.

However, while the short-term outlook is encouraging, it is not without risk. The year has seen continued farreaching a continued escalation developments in the international socio-economic and political environment. The serious political tensions in the Middle and Far East and the vacillating stability of the US dollar have contributed to a tight oil market, and are adding to increased uncertainty in all markets.

Our principle focus remains on the exploration, development and mining of resource commodities by building a pipeline of assets spread across the resource development curve, to provide investors with exposure to both blue sky potential as well as strong cash flow generating mining operations and royalties.

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Complimentary to this approach is the creation of a dedicated investment holding company with the capacity to raise and manage funds, enabling it to capitalise on the broader corporate opportunities as they arise in the global mining and financial markets. This two pronged approach offers investors a coherent and logical group investment strategy capturing value at both a corporate and project level

We are well down the path of with this approach and will update Shareholders as significant milestones are made.

On behalf of the company, I acknowledge the strong mandate and support Shareholders have given the company since inception, but also the accompanying responsibility of representing all shareholders interests.

Your company has an experienced board, management and technical advisory team that bring together a multiskilled team of professionals with successful track records across the financial, corporate, mining and mineral exploration sectors. Together with the continued support of Shareholders, I look forward to an active and successful year ahead.

Scott A Reid Chairman

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