INOVIQ LTD — Capital/Financing Update 2008

Sep 3, 2008

==> picture [83 x 37] intentionally omitted <==

EUROGOLD

L I M I T E D

(ACN 009 070 384)

4 September 2008

ASX Symbol "EUG"

COMPLETION OF RIGHTS ISSUE

Eurogold Limited ("Eurogold") is pleased to advise that the non-renounceable rights issue at $0.03 per share to eligible shareholders closed on 1 September 2008.

A total of 4,002,443 shares were taken up by eligible shareholders raising $120,073. The shortfall of 315,677,051 shares will revert to the sub-underwriters, Sun Hung Kai Investment Services Limited, raising a further $9,470,311.

The Company has given notice to the sub-underwriters of the shortfall shares and expects the funds to be received within 5 business days.

It is anticipated that the allotment and issue of the new shares for the rights taken up and the dispatch of holding statements will take place on or around 8 September 2008.

Executive Chairman

Peter Gunzburg