Exploration licence 25668 Mount Todd Project annual report for the period ended 16 August 2008

Abstract

EL 25668 is located in the northern portion of the Mount Todd Project area and covers 114.1 square km. The licence is situated approximately 76 km north of the town of Katherine. This annual report documents the work completed on the licence for the period August 17, 2007 to August 16, 2008. EL 25668 was granted to Vista Gold Australia Pty Ltd. by the Northern Territory Government on August 17, 2007. Vista Gold Australia Pty Ltd. is the operator and managing the exploration work. There was no field work carried out on EL 25668 during Year 1 as work was concentrated on the larger EL 25576 as well as ongoing drilling on the Mount Todd Mineral Leases. Work on EL 25668 covered general research on previous exploration activities.