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INOVIQ LTD Capital/Financing Update 2005

Nov 29, 2005

Capital/Financing Update

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30 November 2005

ASX & AIM Symbol "EUG"

Eurogold Limited is pleased to announce that it has raised A\$3,200,000 through the issue of 32,000,000 shares at A\$0.10.

The funds will primarily be used to develop the Company's assets in Romania and the Ukraine.

PETER GUNZBURG Executive Chairman Eurogold Limited