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Agreements

Yilgarn Gold Ltd

26/3/03

The company and Central Kalgoorlie Gold Mines Limited have now entered into a formal Farmin Agreement covering the New Bulong Project covering 62 kmsq,30 kilometres east of Kalgoorlie. Under the terms of the Agreement, CKG has the right to earn up to a 50% equity interest by spending $1,000,000 on drilling and exploration over a two year period commencing 19 March 2003. A minimum of $250,000 must be spent by CKG on exploration activities during the first six months of the Agreement to earn an initial 12.5% equity interest.

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