INOVIQ LTD — Capital/Financing Update 2008

Jul 3, 2008

ASX & AIM Symbol "EUG"

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EUROGOLD

L I M I T E D

(ACN 009 070 384)

4 July 2008

Notice to Shareholders Non-Renounceable Rights Issue

Eurogold Limited advises that it has today despatched the attached Notice to Shareholders confirming the Rights Issue and proposed consolidation.

Peter Gunzburg Chairman

For further information, please contact:

Pauline Collinson – Company Secretary Ph: +61 8 9481 0572, Email: pauline@eurogold.com.au

RFC Corporate Finance Ltd acts as Eurogold’s Nominated Adviser Contact: Stuart Laing – Ph: +61 8 9480 2506, Email: stuartl@rfc.com.au.