Company Information for Silver Lake Resources Ltd

ASX-SLR

http://www.silverlakeresources.com.au

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ASX; SLR

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Company Statement

Silver Lake is building a significant resource base with a view to becoming a high margin gold producer.

To achieve this goal the Company has sought to acquire assets with the following attributes:

dominant position in a highly prospective region;
sound economic indicators (relatively low entry cost, good widths/grades, close to existing infrastructure, potentially low discovery costs);
near term production potential;
existing JORC resources with significant potential to extend those resources; and
lack of previous systematic exploration (particularly at depth) with potential to discover new deposits.

Silver Lake is targeting to grow its resource base to five million ounces from its $15 million exploration programme. Furthermore, it is aiming ot be producing at 150,000 oz per annum within three years and at 300,000 oz per annum within five years from its portfolio of assets.

With an experienced management team and proven track record, Silver Lake is well positioned to becoming one of Australia's high margin gold producers.

Current Operations

Mount Monger Goldfield (>1 oz per tonne resource)
Daisy Milano Mine and Exploration Projects

100% owned.
A$9.2 million exploration programme commencing in January 2008 targeting 2Moz in resources across the area.
10km of highly prospective strike with multiple lines of mineralisation.
300,000 tpa Lakewood Gold Processing Facility located 45km from Daisy Milano.
The mineralised lodes observed underground have many similarities to lode structures of Kalgoorlie’s Golden Mile.

Daisy Milano Project:

First ore production in December 2007, two months ahead of schedule.
Mine production of 35,000-40,000 oz Au.
Emerging open pit production.
Resource - 909.8kt @ 11.1 g/t Au for 325.5 oz.

Murchison Goldfield
Tuckabianna, Comet, and Moyagee Projects

100% owned.
A$5.7 million exploration programme targeting 3Moz in resources across the area.
Commencement of pre-feasibility study with expected completion in the December 2008 quarter.
Targeting a second multi-mine production centre.
Resource - 7,356.9kt @ 3.8 g/t Au for 906.5 oz.
Large land holding under explored at depths greater than 100 metres below the surface.
Goldfield hosts several >1 Moz deposits.

Lakewood Gold Processing Facility
Silver Lake acquired the Lakewood gold processing facility located 5 km south east of Kalgoorlie and 45 km from the Daisy Milano mine in December 2007. Modifications to the existing circuit to optimize processing of the high grade ore from Daisy Milano were completed in April 2008 including a major refurbishment programme.

Geographical Spread

Western Australia

Board of Directors and Key Management

Paul Chapman	Non-Executive Chairman & Founding Director
Les Davis	Managing Director
Chris Banasik	Director Exploration & Geology
Peter Johnston	Non-Executive Director
Brian Kennedy	Non-Executive Director & Founding Director
David Griffiths	Non-Executive Director
Gavin Cooke	Company Secretary
David Crockford	Resident Manager Mount Monger Operations
Graham Crew	Project Manager - Murchison Study
Peter Armstrong	Commercial Manager

Company Address

31 Malcolm Street,
West Perth, Western Australia, Australia WA 6005


Telephone:	+61 8 6313 3800
Facsimile:	+61 8 6313 3888
Email:	scoxon[at]silverlakeresources.com.au
Website:	http://www.silverlakeresources.com.au

Additional Address/Key Contact

Share Registry

Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross WA 6153

Ph: +61 8 9315 2333
Fax: +61 8 9315 2233

Email: registrar@securitytransfer.com.au

www.securitytransfer.com.au

Capital

Issued Securities: 153.4 million shares Unlisted Securities: 27.1 million options Market Cap: A$32 million (30 September 2008) Cash: A$3.0 million (30 September 2008)

Annual General Meeting

Monday, 24 November 2008 10:30am WDST Level 14 Swan Room The Forrest Centre 221 St Georges Tce Perth, Western Australia

Year End

June

Broker/Analyst Reports

25/05/08 - Research report by Holst
19/05/08 - Eagle Research (Keith Goode)
13/05/08 - A Good Start With a Quality, High Grade Gold Mine - Warwick Grigor

Major Shareholders

Directors - 16.25%

Eye Investment Fund Ltd - 9.87%

Perilya Ltd - 9.78%

Top 10* - 36.03%

* Excludes Directors

Most Recent Statement

27/08/08 - Resource Upgrade Brings Murchison Closer
20/08/08 - Mount Monger Proven Again At Depth
30/07/08 - Quarterly Activities Report
30/07/08 - Mining exploration entity quarterly report
15/07/08 - New Open Pit Resource Unlocks Further Production Opportunities at Mount Monger
30/04/08 - First Gold Pour

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