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CUFE LTD Share Issue/Capital Change 2008

Jun 5, 2008

64723_rns_2008-06-05_bf685915-f172-4fca-a77a-369ee60a8f83.pdf

Share Issue/Capital Change

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Level 22, Allendale Square 77 St Georges Tce Perth WA 6000 Tel: +61 8 9221 7466 Fax: +61 8 9221 7866

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BUKA GOLD LIMITED

ASX ANNOUNCEMENT 6 JUNE 2008

EXPIRY OF LISTED OPTIONS

Buka Gold ( Company ) wishes to advise that the 12,000,001 quoted options to subscribe for shares in the Company (ASX code BKGO), exercisable at $0.65 ( Options ) expire on Monday, 30 June 2008. The Options are exercisable at any time before 5:00pm Australian Eastern Standard Time (AEST) on Monday, 30 June 2008 ( Expiry Date ). Options not exercised by the Expiry Date will lapse.

Each Option entitles the Option holder to acquire one ordinary share in the capital of the Company upon the exercise of the Option and payment to the Company of $0.65 ( Exercise Price ). Each Option may be exercised at any time before the Expiry Date by notice in writing to the Company’s share registry, Registries Limited, at the following address together with payment of the Exercise Price for each of the Options exercised:

Registries Limited GPO Box 3993 Sydney NSW 2001

Any notice of exercise of an Option received by Registries Limited will be deemed to be a notice of the exercise of that Option as at the date of receipt. A notice of exercise is only effective when the Company has received the full amount of the Exercise Price for the Options exercised in cash or cleared funds.

Quotation of the Options on the Australian Securities Exchange ( ASX ) will cease 5 business days before the Expiry Date, at the close of trading on Monday, 23 June 2008.

The latest available market price on the ASX for ordinary shares in the capital of the Company before the date of this announcement was $0.135 on 5 June 2008.

The highest and lowest market price on the ASX for ordinary shares in the capital of the Company for the 3 months immediately before the date of this announcement were:

Highest - $0.205 on 10 March 2008 Lowest - $0.10 on 9 May 2008

Please note that an option expiry notice will not be sent to Option holders.

For further information contact:

David Hillier Executive Chairman Mobile: + 61 (0) 408 236 408 Email: [email protected]

E-mail: [email protected]

ACN: 112 731 638

Web: www.bukagold.com.au