DECCAN GOLD : LOGROSAN MAIDEN DRILLING INTERSECTS TUNGSTEN-TIN MINERALISATION

• Eight holes drilled for 3,522m at Dehesa target; every hole intersected potentially economic tungsten or tungsten-tin mineralisation • Preliminary geological modelling suggests deposit may contain more than 2.3Mt with over 2,000 t WO3 and 500 t SnO2 at economic cut-off grades • Drilling continuing at Maria prospect; 3 holes intersected antimony mineralisation over 820m, assays pending • Spanish government to provide up to EUR 250,000 in deductions for La Brujas exploration costs; programme starts Nov/Dec • Deccan Gold holds 51% of Logrosan Minera S.L. via Dubai subsidiary DGFZCO, with options to raise stake to 75% and then up to 95%

Deccan Gold Mines Ltd

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