Cripple Creek Production, Resources, Reserves, and Costs

Data from Anglo Gold - April 2008

Ore consists of very fine-grained gold disseminated in sulfide-bearing alkaline intrusive rock.

2007 Production

60 million tons of total material mined

23 million tons of ore mined @ 0.025 opt Au (0.85 gpt) in situ grade

Stripping ratio = 2.6:1

570,000 oz Au placed on leach pad @ 0.025 opt Au (0.85 gpt) contained grade

300,000 oz Au recovered from leach pad @ 0.013 opt Au (0.44 gpt) recovered grade

53% recovery

Cash costs: $0.96 per ton mining cost

$1.48 per ton processing cost, including -0.75 inch crushing

$394 per oz total cash costs

2007 Resources

373 million tons @ 0.019 opt Au (0.65 gpt) in situ grade using a 0.005 opt (0.17 gpt) cutoff grade

Measured + Indicated + Inferred

7.1 million oz contained @ 0.019 opt Au (0.65 gpt) contained grade

4.0 million oz recoverable @ 0.011 opt Au (0.37 gpt) recoverable grade

57% recovery projected

2007 Reserves

171 million tons @ 0.028 opt Au (0.96 gpt) in situ grade using a 0.007 opt (0.24 gpt) cutoff grade

Proven + Probable

4.8 million oz contained @ 0.028 opt Au (0.96 gpt) contained grade

2.7 million oz recoverable @ 0.016 opt Au (0.55 gpt) recoverable grade

56 % recovery projected

Past Production and Total Gold Content

23 million ounces of gold produced (~20 million ounces from high-grade veins)

7 million ounces of gold as current resources in low-grade disseminated deposits

30+ million ounces of gold in Cripple Creek deposit prior to mining