The principal salient points on Carrick Gold are as follows:

* Current 3.9m Au oz JORC compliant resource // >1.1m oz in Measured and Indicated categories

* >$16 million in the bank

* No debt

* Cost of discovery to date per ounce of gold: c. $4.00

* All projects 100% owned by Carrick - no joint ventures

* Nickel spin-off of a 1 for 5 free basis underway in Condor Nickel Ltd.

* Resource upgrades in three parts to come to bring us to c. 5m Au oz (assay labs are v. slow with results)

* Independent resource modelling and pit optimisation studies in progress for the Lindsays Project

* Drilling of high grade shoots at Lindsays Project at 10 metre spacings to increase grade etc. underway

* Current shares outstanding: 122,000,000 (Top two shareholders hold c. 57%)

In summary, ongoing drilling continues to improve the grade, the category, and the overall resource.