June 2005

EUROGOLDLIMITED

(ACN 009 070 384)

ASX & AIM: EUG

Overview

Focus on Eastern Europe (Romania & Ukraine)

Significant hard rock discoveries in both countries

Access to the only fully permitted CIL operation in Eastern Europe

Ability to exploit enormous State owned infrastructure

Dominate an emerging mineral province in the Carpathians

UKRAINE

SLOVAKIA

SERBIA

ROMANIA

POLAND

HUNGARY

CZECH REPUBLIC

CROATIA

BOSNIA

AUSTRIA

SLOVENIA

GERMANY

Black

Sea

Saulyak

Beregove

TransgoldBaia MareCIL Plant

Bucharest

Bratislava

Budapest

L'viv

Prague

Vienna

EUROGOLD

LIMITED

Adriatic

Sea

Rosia Montana

+10Moz

0km100km 200km 300km

UKRAINE

Romanian CIL 2.5 Mtpa plant built in 1998 at a cost of US$28m (Replacement cost US$40m)

Pre-emptive rights to remaining 50%

Romanian entry into the EU planned for 2007 – shutdown of State owned enterprises

Hard rock resources

Romanian North West Corridor – a repeat of the Kalgoorlie experience Tailings

Romania - Transgold

Eurogold 50%

Remin (State Mining Company) 45%

Other State Romanian Shareholders

5%

100%

Exploration

Prospectivity of the Carpathians

Underexplored, yet still hosts a number of large discoveries

One of the global exploration "hot spots"

Ground holding in excess of 400 sq kms

North West Corridor

June 11 Prospect

11 kms from Transgold Plant

1.2m tonnes @ 2.5 g/t Au (Non-Jorc)

Historical production of 1.5m tonnes @ 3.5 g/t Au

Open Pit with nominal stripping ratio

Nominal Stripping Ratio

Good CIL Recoveries

Open to the North and South

Sofia Prospect

5 kms from Transgold Plant

Historical production of 3.5m tonnes @ 5 g/t Au

In exess of 10 kms of underground workings

Underground sampling grade of up to 12 g/t Au

TERTIARY VOLCANICS

EXPLORER & TRANSGOLD TENEMENTS

RIVER

RAILWAY

GEOLOGICAL LINEAMENTS

NATIONAL BORDER

GOLD DEPOSIT/OCCURRENCE

LOCATION OF RESOURCESAND REGIONAL INFRASTRUCTUREIN THE NORTHERN CARPATHIANS

LEGEND

0 km 10 km 20 km 40 km

HUNGARY

ROMANIA

UKRAINE

Railway

Railway

Railway

SATUMARE

BAIA MARE

TransgoldTreatment

Plant

Beregove/MuzhievoMining District

SaulyakGold Deposit

SIGHETUMARMATIEI

Somes River

Tisza River

EUROGOLDLIMITED

Infrastructure & Sunk Costs

Romania Rail discharge facility linking feed bins (State owned)

6 SAG-Ball Mill Units each capable of treating 300,000 tpa (State owned) 2.5 Mtpa CIL Facility (Transgold - 50% EUG) 9 km pipeline and thickener (Transgold – 50 % EUG)

Ukraine 9 kms underground tunnelling at Saulyak

Existing rail line in excess of 100 kms linking both operations

Ukraine

Saulyak (EUG 100%)

2.1m tonnes @ 8.4 g/t Au (578,000 oz) soviet C1 C2 category

Plant and mine linked by existing rail network

No existing workforce

9 kms of underground development work

Plan of Saulyak Deposit

Schematic Cross Section Saulyak

Saulyak Mine Model

498m level portal

468m level portal

Saulyak Mine Model

Trench Marble

Saulyak Mine Model

Footwall Marble

Saulyak Mine Model

Mineralization > 1g/t

Saulyak Mine Model

Extended Mineralization

Saulyak Mine Model

Corporate Directory

1) Issued Shares: 247,679,494 (fully diluted)

2) Board of Directors: Peter GunzburgDennis FranksBrett MontgomeryNeil MacLachlanChris Barker

3) Major Shareholders: Oxus Gold Plc 20%Peter Gunzburg 12%

Chris Barker 12% 4) Dual Listed: ASX/AIM

Code “EUG”