Maxmising value from the Laverton Project

1. Crescent Gold Ltd (CRE) Re–invigorating the Laverton Gold Project Growing gold resources and reserves Building a mining house Expanding into China Generating shareholder value andCrescent Gold Ltd (CRE) Re–invigorating the Laverton Gold Project Growing gold resources and reserves Building a mining house Expanding into China Generating shareholder value and

2. Purchase of Laverton Gold Project in March 2003 320 km2 tenements ~ 1million metres of drilling data 1 Mtpa mill mothballed plus infrastructure Background

3. Crescent Gold Corporate Overview 102.3 m shares (+35.6m 20c CREO, Nov 2005) Market cap A$11 m Laverton Gold project Growing quality ozs, >A$150/oz margin Large inferred resource base being updated Refurbish, upgrade and de-bottleneck mill CRE 20% owned by Directors, management www.crescentgold.com

4. Crescent Gold – Discovering Shareholder Value Laverton Gold Project Preparing Bankable Feasibility Study (BFS) for completion in Q4 China – potential for large discoveries Competitive environment, Crescent in for the long term Use Australian expertise to enhance Chinese Projects Re – start ~ 50,000 ozs pa production, Increase reserves and output Provide cashflow for continued project evaluation in Australia and China The immediate region contains several large deposits including Wallaby, Sunrise Dam, Granny Smith Re – start ~ 50,000 ozs pa production, Increase reserves and output Provide cashflow for continued project evaluation in Australia and China The immediate region contains several large deposits including Wallaby, Sunrise Dam, Granny Smith

5. Why invest in Crescent Gold?

6. Laverton Project Team Management Bruce Morrin, Steve Craig Geologists Andrew Spinks, Nick Revell, Belinda Jelliff, Mike Stephenson Consultants Rockwater, George Orr and Associates, Australian Tailings Consultants, Ravensgate, Mining Solutions, MBS, Dudley Kingsnorth and Alan Senior Alliance partners Bemex Corporation, BGC Contracting High Quality and experienced team, bankable, alliance partners – share and minimise riskHigh Quality and experienced team, bankable, alliance partners – share and minimise risk

7. Laverton BFS – Well Advanced Well Advanced for completion in Q4 Objectives : Develop Reserve base to allow for 4 years of production at ~ 1.0 Mtpa This includes 3 new brownfields and 4 existing pit developments Initial Production ~ 50,000 ozs pa Cash costs - targeting A$400 /oz

8. Sickle Project Location

9. Sickle – Laterite, Saprolite and Primary

10. Burtville – 3D Pit & Grade Shells

11. Euro – Sterling Project

12. Sterling – 3D Resource Wireframe

13. West Laverton

14. Burtville – 3D Pit with grade shells

15. Burtville - Section North south section through western pit development Feasibility study focusing on ore in base of pit (25m in depth), a cutback on a northern anomoly Structural model shows development of ore dipping to north, thus providing an initial exploration targetNorth south section through western pit development Feasibility study focusing on ore in base of pit (25m in depth), a cutback on a northern anomoly Structural model shows development of ore dipping to north, thus providing an initial exploration target

16. China Focus China Projects/JV’s Xinjiang Inner Mongolia Project Leaders Jens Balkau Chief Geologist Steve Boda Project Geologist

17. Chinese Projects – Watch this space…..

18. Alteration Zone – Chinese Gold Prospect

19. Future 2004-05 Laverton Plant Upgrade + Refurbishment Provide 3-5 yrs mine life Net cashflow ~ $5 m pa provides funds for continued exploration China maintain progress regarding JV relationships and move toward establishment of business licenses