• Drilling confirms mineralisation at Julie deposit extends to more than 100m depth and below base of planned pits
• Increase in Julie and Wa Gold Project Mineral Resources likely later in 2012 � currently 1.02Moz Measured & Indicated and 0.66Moz Inferred
• Best intercepts to date (30 of 72 holes received) include:-
  •   9.1m @  2.92g/t Au from 117.3m (AJUCD599A)
  • 13.0m @  4.24g/t Au from 82m (AJUC606)
  •   5.0m @ 13.28g/t Au from 133m (AJUC611)
  •   6.0m @  3.86g/t Au from 105m (AJUC614)
  •   7.0m @  7.90g/t Au from 36m (AJUC615) and
      9.0m @  4.65g/t Au from 64m
  • 11.0m @  3.04g/t Au from 86m (AJUC616)
  •   1.0m @ 45.43g/t Au from 63m (AJUC656)
• Drilling reinforces possibility of a stand-alone mining operation at Wa East
• Second phase of drill testing at nearby Collette deposit completed
• Initial drill test of new targets at Kjersti prospect also completed � results pending
• Cash and listed investments of $22.5M

"Exploration continues to confirm the excellent gold endowment of the plus-3,000km² Wa Gold Project with a strong likelihood that current Mineral Resources can be increased to enhance the development of a long term mining operation." said Azumah Managing Director, Stephen Stone.

"Even more interesting is that the latest Julie depth extension drilling and other encouraging work increases the possibility of a stand-alone mining operation being established at Wa East".

Download the full announcement including figures and tables.