PENINSULAR GOLD LIMITED (PGL) – Operations Update

PENINSULAR GOLD LIMITED (PGL) – Operations Update

Operations Update

The Company is pleased to announce that its newly built carbon-in-leach plant at Raub is performing ahead of management's expectations, since its first gold pour in February, and had produced 4,140 troy ounces of gold to the end of May. Plant performance is expected to improve further as we ramp up production towards anticipated levels via both an increase in tonnage throughput and further optimisation of the CIL process.

Following start up, the performance of the Plant and mining operations have also been monitored with respect to their impact on the environment and operational safety. All relevant measurements and reports are within the levels set by the relevant authorities and the Company will remain vigilant in its approach to environmental and safety factors.

Dato' Sri Andrew Kam commented, "We are pleased to be able to report that the Plant is progressing steadily up to its planned levels of throughput and production. I look forward to updating the market on our production progress and other plans over the coming months."

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