CUFE LTD — Regulatory Filings 2008

Apr 3, 2008

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, 4 APRIL 2008

OPES PRIME GROUP LTD

Buka Gold Limited ( Company ) refers to recent publicity surrounding claimed ownership by ANZ Bank ( ANZ ) of a portfolio of Australian listed shares, reportedly the subject of margin lending facilities made available to Opes Prime Group Ltd ( Opes ), and instructions to brokers to sell that portfolio.

Following analysis of the Company’s share register the Company believes that up to 2,271,593 of its ordinary shares, representing 3.92% of the issued capital of the Company as at 4 April 2008, may be part of that portfolio. The belief is based on the fact that these shares are held in accounts designated ANZ Nominees Limited <Cash Income A/C> and ANZ Nominees Limited <SL Cash Income 4SF A/C>, which have been reported by other companies as accounts holding shares that have been reported as for sale. The Company will promptly request advice from ANZ as to whether the share holdings referred to are the subject of any sell down by ANZ and whether any sales have been completed.

The Company advises that no Director has any margin lending facility secured by their interests in shares in the Company.

The Company further advises that it is otherwise not affected in any way by the reported difficulties at Opes or Opes’ arrangements with ANZ.

Buka Gold Limited continues to make excellent progress with exploration work at its Mt Scotchy gold-silver-lead discovery and will report a healthy cash positive performance from its Gympie operations for the March quarter.

For further information contact:

David Hillier Executive Chairman Phone: +61 (0) 408 236 408 Email: dh@buka.com.au

E-mail: info@bukagold.com.au

ACN: 112 731 638

Web:www.bukagold.com.au