Company Information for Peninsular Gold Ltd

AIM-PGL

www.peninsulargold.com

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AIM; PGL

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Company Statement

Peninsular Gold Ltd.’s objective is to become Malaysia’s foremost gold mining company. The Company aims to become a gold producer before the end of 2008, and has commenced construction of a CIL (Carbon-In-Leach) processing plant within its Raub project area, which is at the heart of the historic Raub mining district. Documented historic gold production from the Raub district amounts to in excess of 1 million ounces.

Corporate Objectives
Peninsular's primary corporate objective is to discover a minimum of 5 million ounces of gold in its Malaysian project areas. Specifically, the Company aims to outline between one and two million oz of gold at each of the Raub and Tersang projects, and hopes to delineate further resources from other regional targets.

Peninsular intends to do this with the utmost sensitivity to the needs of local community and environment, and strives to be at the forefront of the implementation of sustainable gold mining practices.

Current Operations

Raub
The Raub project has been the site of extensive historic gold mining, as well as limited modern operations and currently hosts a proven reserve of 202,000 ounces in 8.6 million tonnes of tailings. In addition a further 213,000 ounces of gold has been identified to date in an area known as the East Lode oxides, comprising 52,000 ounces in the measured and indicated categories and 161,000 ounces inferred (per the JORC standard).

Peninsular's immediate objective is to restart gold production at Raub by constructing a Carbon-In-Leach (CIL) processing plant and using existing reserves of tailings as the initial feedstock.

The tailings on-site at the Raub project have been accumulated over years of previous mining and contain a proven JORC ore reserve of 202,000 ounces of gold.

Peninsular is targeting the eventual delineation of up to 1 million ounces of gold resources at Raub. Gold production is planned to commence in 2008, and cash costs are expected to be around US$200/oz which is low by industry standards. A gravity gold recovery plant was operated at Raub by Peninsular from 1999 until early 2006 and this has given the Company on-site production experience from which to make operating cost projections for the planned Carbon-In-Leach operation.

Tersang
Tersang is located a short distance away from Raub, and currently hosts an inferred gold resource of 528,000 ounces. Peninsular's aim is to increase this estimate by way of further exploration and drilling. The Company believes that Tersang could potentially yield up to 1 million ounces gold, and expects that the deposit will eventually merit the construction of a dedicated processing plant.

Geographical Spread

Peninsular Gold’s mining and exploration licences and applications cover an area totalling over 210 square kilometres in the Central Highlands of the State of Pahang in West Malaysia and sit astride the Raub-Bentong Gold Belt, which runs north-south through West Malaysia and extends into Thailand and Laos. Malaysia sits on the ‘Pacific Rim of Fire’, which hosts many of the world’s most prolific gold mines.

Board of Directors and Key Management

Dato’ Sri Andrew TY Kam	Chairman and Chief Executive
Patrick Watson	Finance Director
Dato’ Mohamed Moiz	Non-Executive Director
Dr. Yves Cheze	Non-Executive Director

Company Address

First Island House,
Peter Street,
St Helier

Jersey, JE2 4SP


Telephone:	+603 2163 4611
Facsimile:	+603 2164 0882
Email:	admin[at]peninsulargold.com
Website:	http://www.peninsulargold.com

Capital

As at the 21st October, 2008, there are 55,230,978 ordinary shares in issue.

Annual General Meeting

TBC

Nominated Brokers

Astaire Securities Plc
30 Old Broad Street
London
Ec2N 1HT

Nominated Advisors

Ambrian Partners Limited
Old Change House
128 Queen Victoria Street
London EC4V 4BJ

Major Shareholders

Akay Holdings Sdn. Bhd.	12,919,840	23.4
Akay Venture Sdn Bhd	12,474,213	22.6
Dato’ Mohamed Moiz bin JM Ali Moiz	4,500,000	8.2
Phoenix Gold Fund	3,450,000	6.3
Granite Peak Limited	2,920,500	5.3
Raub Oil Mill Sdn Bhd	2,565,000	4.6
Bridge Fund SPC Limited	2,380,952	4.3
Chinchoo Holdings Private Ltd	2,000,000	3.6

Most Recent Statement

17/06/09 - Operations Update
17/06/09 - BRIEF-Peninsular Gold says plant performing ahead of view
15/06/09 - Change of Name of Nominated Broker
01/06/09 - Judicial Review
01/04/09 - Result of EGM
13/03/09 - Interim Results

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