Company Information for Cluff Gold Plc

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Company Statement

Cluff Gold plc is focused on the identification, acquisition and development of gold deposits in West Africa that are amenable to open-pit mining and low cost production techniques.

The Group has assembled a portfolio of mineral interests at various stages of development in Sierra Leone, Côte d’Ivoire, Burkina Faso and Mali. Cluff Gold progressed from being an explorer to a producer in Q1, 2008. The aim is to provide a steady progression of mines coming into production and to have the capacity to produce 300,000 ounces within two years.
 

Current Operations

Baomahun, Sierra Leone
The Baomahun deposit is located about 180km east of the capital, Freetown, in the Southern Province of Sierra Leone. The geological setting is similar to the Lake Victoria goldfields in Tanzania.

• Over 25,000m of core of drilling planned this year
• Over 1,160,000 ounce resource established (JORC)
• Soil sampling and geophysics point to significant potential along strike
• Exploration currently underway, targeting existing and new areas
• Positive Scoping Study completed in August 2007
• Two rigs  recommenced core drilling on 1st November 2007
• Third rig for metallurgical drilling arrived in January 2008.

Angovia Project, Mt. Yaoure, Côte d’Ivoire
The Angovia project which lies within the 367 sq km Mt. Yaoure permit is located 40km north west of Yamoussoukro, the political capital of Côte d’Ivoire, and covers a surface area of 50km2. The licence area includes the Angovia gold mine, which operated between 1998 and 2003. The mine reportedly produced over 180,000 ounces of gold during this period by heap leaching some two million tonnes of oxide material. In late 2004, the Company concluded the purchase of exploration data covering the Mt Yaoure licence including drill assay results from drilling completed around the Angovia Mine. The data was purchased from the previous licence holder, COMINOR, a subsidiary of COGEMA.

• First gold pour on 14th March 2008, planned annualised production of 40,000 ounces.
• More than 30,000 meters of Reverse Circulation (“RC”) drilling completed to date.
• JORC-compliant Mineral Resource has increased by 50% to 496,000 ounces.
• Indicated Mineral resource of 190,000 ounces.
• Construction on schedule to pour gold in early Q1, 2008 at an annualised rate of 40,000 ounces.
• Further exploration drilling targeting the underlying sulphides and other satellite prospects is planned in 2008.

Kalsaka, Burkina Faso
The project is located approximately 150km north west of Ouagadougou, the capital of Burkina Faso, and contains an oxide gold mineral resource that has already been demonstrated, by a feasibility study, to be technically amenable to open-pit mining and processing via heap leaching.

• JORC-compliant resource of 791,000 ounces.
• JORC-compliant reserve of 323,000 ounces (at a gold price of US$525 per ounce).
• Ore bodies amenable to open-pit mining and heap leach processing methods.
• Cluff Gold  has a 78% ownership, local company IMARB 12% and Government 10% free-carried interest.
• 20 year Mining and Water permits granted.
• Construction on schedule to commence production in H2, 2008 at an annualised rate of 60,000 ounces with significant potential to increase.

Karbasso, Mali
The Company signed a Joint Venture Agreement to acquire a majority interest in the 200km2 Karbasso research licence in Mali from Kadiel Mining (‘’KM’’), a Malian company. The transaction is subject to approval by the Malian Government under the country’s mining laws.

• JV signed in September 2005
• Southern Mali, 20km along strike of Resolute’s Syama Mine (5 million ounces)
• Favourable geological setting

Geographical Spread

Sierra Leone, Cote d’Ivoire, Burkina Faso, Mali, Ghana

Board of Directors and Key Management

J Cluff	Chairman and Chief Executive
D Chikohora	Technical Director
E Carr	Finance Director and Joint Deputy Chairman
N Berry	Non Executive, Joint Deputy Chairman
R Danchin	Non Executive
P Cowley	Non Executive
T Wadeson	Non Executive
J Nichols	Exploration Consultant

Company Address 24 Queen Anne's Gate, London, United Kingdom SW1H 9AA Telephone: 02073409790 Facsimile: 02072334780 Email: admin[at]cluffgold.com Website: http://www.cluffgold.com

Capital Cluff Gold has 84, 228, 391 ordinary shares in issue.

Annual General Meeting June 2008

Year End 31 December

Nominated Brokers WH Ireland 11 St James' Square Manchester M2 6WH

Nominated Advisors WH Ireland 11 St James' Square Manchester M2 6WH

Broker/Analyst Reports

19/03/08 - Ambrian
29/01/07 - WH Ireland Buy Note Target 107p

Major Shareholders

Woolwich International Holdings

Emerging Markets Management USA

Tocqueville Gold LLP

Multi – Managed

Ingalls and Snyder

Libra Advisors

Altima Global

P Schoenfeld Asset Management

Senior Management

Related News

10/09/08 - Cluff Gold Moves Towards 100,000 Ounces Of Production, And The Sleeping Giant At Baomahun Is Beginning To Stir
01/04/08 - Cluff Moves Into Production, But There’s Still Real Development Upside In Sierra Leone
27/11/07 - Cluff Trotting Off To Toronto
15/05/07 - Cluff Gold Moving to Production in Cote D’Ivoire and Burkina Faso

Most Recent Statement

30/09/08 - Drilling Report
26/09/08 - Interim Results for the six months ended 30 June 2008.
17/07/08 - Grant of Mining Lease, Baomahun Gold Project ''Baomahun'', Sierra Leone
28/04/08 - Preliminary Results for the Year Ended 31st December, 2007
19/03/08 - Gold Production, Mine Construction and Drilling Update
27/02/08 - ACQUISITION