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INOVIQ LTD Capital/Financing Update 2008

Sep 4, 2008

65112_rns_2008-09-04_b99440e6-dbe5-41a0-8aca-466135c9f52f.pdf

Capital/Financing Update

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ASX Symbol "EUG"

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EUROGOLD

L I M I T E D

(ACN 009 070 384)

5 September 2008

ALLOTMENT OF SHARES AND DESPATCH OF SHAREHOLDER STATEMENTS

Following completion of the fully underwritten non-renounceable rights issue at $0.03 per share to eligible shareholders which closed on 1 September 2008, Eurogold Limited (“Eurogold”) has allotted 4,002,443 shares and despatched Shareholder Statements.

Eurogold is expecting to receive funds for the shortfall of 315,677,051 shares from the Underwriters early next week.

Peter Gunzburg

Executive Chairman