Corporate - Company Profile

The Board, which has considerable experience developing mining operations across Africa, believes that West Africa is one of the most exciting regions for gold exploration and production today. West Africa combines prospective geology with sound mining investment codes, indicative of a region which is keen to attract and retain foreign investment.

Cluff Gold plc has made significant progress since the Company floated on AIM in December 2004, increasing gold resources across its projects, transforming from an explorer to a producer; expanding the project portfolio and broadening the investor base to an increasingly international audience.

Key Information

• Successful management team with a proven track record in exploration and mine development in Africa
• Increase in total mineral resources to over two million ounces of gold
• Short-term aim to acquire/develop three million resource ounces
• Mid-term aim to have the capacity to produce 300,000 ounces of gold annually
• Portfolio of mining and exploration interests in Côte d’Ivoire, Burkina Faso, Sierra Leone, Mali and Ghana

Highlights

• Transition from explorer to producer - production achieved at the Angovia Gold Mine in Côte d'Ivoire
• Mine construction completion at the Kalsaka Gold Project in Burkina Faso in mid 2008
• Conditional agreement reached to buy the remaining 40% stake in the Baomahun Exploration Project in Sierra Leone
• Current total mineral resources of 2.4 million ounces of gold of which total inferred resources are 1.2 million ounces of gold
• Moving towards 3 million ounce resource objective
• Scoping Study completed at Baomahun and pre-feasibility drilling commenced
• Successful financing in March 2007 and March 2008 raising approximately $55.3million (£28.2 million) of cash before expenses to fund primarily the development of the Angovia and Kalsaka gold mines

“Gold resources have increased by 185% to 1,160,000 ounces at the Baomahun Gold project.”
DD Chikohora, Technical Director