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The information is for shareholders and not intended to guide any investment decisions in The Gold Company (GGG). Some of the information is intended as a guide to the potential of the Kvanefjeld project but is not predictive. Consideration of the technical and financial factors requires skilled analysis and understanding of their context. The project is considered to be at an advanced exploration stage and will require regulatory approvals and securing of finance and there is no certainty that these will occur. Any potential investors should conduct their own research and consult their professional advisors before making any decisions about investing in GGG.

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The changing world of Uranium

• Project offered to the company Early October 2006
• The company has taken a LONG TERM view on Uranium
• Uranium prices have been moving steadily up.
• Uranium (U3O8) was approximately US$40 a pound early 2006
• Uranium (U3O8) was approximately US$75 a pound early 2007
• Uranium (U3O8) is now approximately US$100 a pound after having

reached a high of US$133 in July 07

• The company perceives a shift in attitude worldwide by governments

towards the exploitation and use of Uranium and is positioning the company ahead of this change

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Project Location

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Title

• Currently the license does not include Uranium.
• However;
• Advice from The Bureau of Minerals and Petroleum (BMP) in

Greenland and Nuna Law (Greenland's leading law firm), both indicate exploration (and mining) as a by-product of normal activities may be applied for. It is with this in mind that the company is utilising Uranium as a real time pathfinder to locating the Kvanefjeld orebody and to direct future exploration.

• Laws in Greenland relating to Uranium exploration and

exploitation are currently under review in regards to policy, these views are expected later this year.

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Local facilities

Deep water port Kvanefjeld ~8km by dirt road The town of Narsaq has a skilled population

• f approx 3500.

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Kvanefjeld Orebody

Kvanefjeld

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Kvanefjeld Multi-element Project

• Huge Upside (open to South, West & at depth).
• Large Uranium Resource Identified.
• Coincident additional occurrences of
• Lithium
• Beryllium
• Zirconium
• Rare Earth Elements (REE)
• Sodium Fluoride (>5%)
• Ex-Deputy Minister of Mines for Greenland Mr. Hank

Schønwandt has joined the board as Executive Chairman.

• Options to Acquire up to 100%.

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Pathfinder benefits

• The company is using Uranium as a path finder to

the orebody

• Kvanefjeld comprises multi-element mineralisation

high in concentrations of Niobium, Tantalum, Beryllium, Lithium, Sodium Fluoride as well as Uranium.

• Uranium, due to its radioactive nature is readily

detected regionally by airborne radiometric surveys and at a finer scale (hand specimen or drill core) by using a Scintillometer.

• Thus provides rapid & effective way of defining

Kvanefjeld ore body.

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• Detailed radiometric survey completed over Kvanefjeld.
• Up to 11,000m of drilling budgeted for 07 season.
• Completed 8,000m of diamond drilling to date.
• 2 diamond drill rigs on site. 3rd requested for 2008.
• Helicopter supported.
• Drill camp for 30 people.
• Single largest exploration program ever to have occurred in

Greenland.

• Spectral re-assay of old holes to confirm resource. Company

applied to Danish Gov. agency to take possession of the 11,000m of historical core. Expected during Sept 2007

• Up to 22,000m of results expected from this season for resource

modeling purposes

2007 Field Season

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1957–1983 Danish Atomic Energy Agency + Danish Geological Survey completed 11,000m

• f diamond drilling defining insitu resource of

126mt @ 400ppm U3O8.

Resource verified by Nuclear Energy Agency OECD (2006 Red Book)

43,000 tonnes U metal = 50,700 tonnes U3O8 = >112,000,000lb U3O8

Uranium only In Ground Value of >US$11 billion @ US$100/lb

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Less than 10% of the mineralised complex has been drill tested. Ultra detailed radiometric survey completed highlighting further targets

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The company has the rights for all minerals

• n

2005/28 (northern License) and Uranium, REO’s, lithium, Beryllium + sodium fluoride on 2005/29 (southern license).

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Examples of higher grade mineralised zones throughout the orebody

Kvanefjeld Figure 4

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Local geology and historical drill hole locations

More than 70 historical diamond holes have been drilled into the Kvanefjeld project since 1959. 11,000m budgeted (~50 holes) from 2 drill rigs expected for this season. (8,000m currently) Up to 22,000m of results anticipated to be collected this field season

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Historical drill locations. These holes and a 1km adit through the central system formed the basis for historical 50,700t U3O8 resource. 20,000t was mined from the adit 4500t was taken for metallurgical test work. Pilot plant constructed in Copenhagen.

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Section through Kvanefjeld

The company is utilising Uranium mineralisation as a real time pathfinder for the multi-element orebody

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Note section A-B Also shown are this years planned holes In addition 12 more holes are planned for the mine area and southern and western extension

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Joint venture area (Northern portion)

50,700t U3O8 Kvanefjeld resource

Port town of Narsaq

8km

High priority Target area Priority Target Priority Target

Current drilling area JV area (Southern portion)

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Radiometrics over Kvanefjeld highlighting extensions to mineralisation (red and yellow signifies v. high readings) These newly identified extensions will impact significantly

• n

the existing resource size Historical Kvanefjeld resource, 50,700t U3O8 Expected additional Resource areas

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Recent drill results

Recent drill results from holes 74, 75, 82, and 108

• 66.52m @ 843ppm U3O8 in hole K108 (from 1.6 metres)
• 66.51m @ 480ppm U3O8 in hole K108 (from 106 metres)
• 43.61m @ 593ppm U3O8 in hole K82 (from 12.5 metres)
• 33.80m @ 529ppm U3O8 in hole K075 (from 66.3 metres)
• 53.11m @ 504ppm U3O8 in hole K74 (from 97.2 metres)

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480 66.51

172.56 106.05

461 22.72

102.06 79.34

843 66.52 68.16 1.64 K108

290 15.72 290.26 274.54 319 13.81 173.06 159.25 402 41.6 142.65 101.05

593 43.61 56.16 12.55 K082 286 101.62 230.06 128.44

350 31.41

116.66 85.25

382 50.62

77.76 27.14

603 13 14.45 1.45 K081

363 36.12 232.06 195.94 397 37.92 162.86 124.94

426 12.11

96.66 84.55

529 29.71 80.66 50.95 533 5.32 42.66 37.34 K078

305 51.8 273.15 221.35

433 29.91

138.06 108.15

529 33.8 102.85 69.05 K075 504 53.11 150.36 97.25

372 30.31

76.85 46.54

364 20.82

21.76 0.94

K074

espU3O8 Intersection To From

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• The results are inline with historical resource estimates.
• Drilling intersected mineralisation at 300m depth; on average

100 metres deeper than previous resource modelling.

• The orebody is still open at depth.
• Drilling has extended mineralisation to the South and West.
• The mine area and northern area proven to be contiguous;

this area was not included in the historical resource.

• Significant additional mineral assemblages identified

supporting the company’s view that Kvanefjeld is one of the largest Rare Earth Oxide, Uranium and Fluorine deposits in the world.

Conclusions from work thus far;

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Other Uranium Deposits Comparison

Kvanefjeld: 50,700 tonnes U3O8 Inferred Resource (400ppm). Expected to

increase significantly during early 08 re-estimate

Market Cap AU$270m fully diluted.

Langer Heinrich 47,930 tonnes U3O8 Global Resource @ 640ppm.

Market Capitalisation AU$3.7bn

Rossing Uranium Mine 190,000 tonnes U3O8 current Mine Resource @ ~320ppm.

Supplies ~7% of world demand.

1 tonne U3O8 = 0.848 tonnes U metal 1 lb U3O8 = 0.385 kg U metal

Apart from additional elements Kvanefjeld is rich in Uranium

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Niobium & Tantalum

Significant quantities proven during historical work

Rare Earth Oxides

historical indication of > 3%

Beryllium

180,000 tonnes at 0.1% Be

Lithium

235,000 tonnes at 600-1900ppm

Sodium Fluoride

Visual identification of >10% in core.

Significant portions of the orebody are water soluble

The Kvanefjeld intrusion is truly a world class multi-element orebody

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Major Developments

• Hans Kristian Schønwandt, ex Deputy Minister
• f Mines Executive Chairman, August 2007.
• U$8.8M capital raising (8.8m shares at AU$1)

completed with Sampension, the leading Danish Municipal Superannuation Fund taking the majority.

• Contact made with Danish Atomic Energy

Agency (RISO) feasibility study project manager (1977-1984), Jorgen Jensen. Jorgen has access to entire dataset of historical feasibility study.

• Site visit by BMP Greenland undertaken

September 1st. BMP very supportive.

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Upcoming milestones 1 of 2

• Current - Results have started to flow to market.
• October-

Public presentation in Nuuk expected. Greenlandic-Danish commissions debate increased Greenlandic self-governing inc. transfer of mineral rights to Greenland.

• Late

2007-

Greenland and Danish Parliament debate recommendations. All issues expected to be ratified including the transfer of these rights to Greenland.

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Upcoming milestones 2 of 2

• Early 2008 - Debate on Uranium in the Greenlandic
• Parliament. GGG Chairman giving presentation.
• Early 2008 - Resource upgrade, expected increase in

grade and tonnes, start pre-feasibility study.

• 2008 Season
• (Start

mid May). All resources reserved for next years work. Incorporating regional exploration and larger drill program for Kvanefjeld. Pre-Feasibility study underway.

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Currently own 61% A$10M (Cash/Shares#) Acquire 90%

• Additional $50M (cash)*

Acquire 100%

• Additional $2M

upon BMP issuing a license

+ 10M Shares

that includes Uranium

# Shares issued at approximate market value at time. * At GGG discretion, realistically at commencement of mining.

Corporate 1 of 2

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Current Capital Structure.

• $15M cash.
• 155M Shares.
• 143M Options (ex 20c)
• Fully diluted market capitalisation @ AU$1.00

is ~AU$270m

Corporate 2 of 2

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Board of Directors

Hans Kristian Schønwandt

Executive Chairman

Mr Roderick McIllree

Managing Director

Mr Malcolm Mason

Technical Director

Mr Simon Cato

Executive Director

Mr Jeremy Whybrow

Exploration Director

Mr Simon Stafford-Michael

Non-Executive Director

Mr Tony Ho

Non-Executive Director

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