Company Information for Silver Lake Resources Ltd

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Company Statement

Silver Lake is a gold producing and exploration company with advanced gold projects in two prolific goldfields of Western Australia, Mount Monger and the Murchison.

Highlights:

• Silver Lake entered into conditional letter agreements to acquire project portfolio in September quarter 2007.
• Silver Lake successfully completed a A$30 million  Initial Public Offering and commenced trading on the ASX on 14 November 2007.
• The 300,000 tonne per annum Lakewood Gold Processing Facility was acquired in November 2007, located 5km southeast of Kalgoorlie and 45km from the Daisy Milano mine.
• Ore production commenced in December 2007 from the Daisy Milano mine targeting 35,000-40,000 oz per annum.
• A$15 million exploration programme commenced in January 2008 with significant exploration potential over a large landholding that is under explored at depth and has not been subjected to modern systematic exploration techniques.
• 1Moz resource base following the acquisition of the Comet gold and Kurrajong nickel projects in March 2008.
• Commissioning completed in April 2008 at the Lakewood Gold Processing Facility to process the high grade ore from the Daisy Milano mine.
• First gold produced from the Lakewood Gold Processing Facility in April 2008.
• Resource upgrade to 1.2Moz announced in July 2008 with increase at Mount Monger.
• Resource upgrade to 1.4Moz announced in August 2008 with increase at Murchison.
• A resource base of 8.85 million tonnes at 4.8 g/t Au for 1.4Moz of gold across its portfolio of assets including the Mount Monger goldfield and its Murchison projects:  Tuckabianna, Comet,  and Moyagee.
• Experienced board and management team, with strong balance sheet - no hedging.

Current Operations

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

• 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.
• Ramping up to 35,000-40,000 oz Au at Daisy Milano in July 2008.
• Measured Resource of 93,600 tonnes at 37.9 g/t Au for 114,100 oz.
• Indicated Resource of 65,400 tonnes at 20.8 g/t Au for 43,700 oz.
• Inferred Resource of 92,000 tonnes at 30.8 g/t Au for 91,200 oz.

New Resource:

• Indicated Resource of 206,500 tonnes at 3.5 g/t Au for 23,000 oz.
• Inferred Resource of 452,200 tonnes at 3.6 g/t Au for 53,600 oz.

Murchison Goldfield (842km2 of prime exploration ground)
Tuckabianna, Comet, and Moyagee Projects

• Total Indicated Resource of 3,769,500 tonnes at 3.0 g/t Au for 367,500 oz.
• Total Inferred Resource of 3,587,400 tonnes at 4.7 g/t Au for 539,000 oz.
• 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.
• 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
Tracey Caddis	Manager Marketing Relations

Company Address 31 Malcolm Street, West Perth, Western Australia, Australia WA 6005 Telephone: +61 8 6313 3800 Facsimile: +61 8 6313 3888 Email: contact[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:www.securitytransfer.com.au          registrar@securitytransfer.com.au

Capital Issued Securities 153.4 million shares Unlisted Securities 26.8 million options

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
07/01/08 - Patersons

Major Shareholders

Directors - 16.25%

Eye Investment Fund Ltd - 9.87%

Perilya Ltd - 9.78%

Top 10* - 36.03%

* Excludes Directors

Related News

21/04/08 - Silver Lake: A Reflection Of The Original WMC

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