ASX ANNOUNCEMENT

29 July 2011

www.intgold.com.au

BOARD

Jason Bontempo

Managing Director

Antony William Paul Sage

Non-Executive Chairman

Bernard Aylward

Non-Executive Director

COMPANY SECRETARY

Melissa Chapman

REGI STERED OFFI CE AND

PRI NCI PLE PLACE OF BUSI NESS

18 Oxford Close

Leederville WA 6007

POSTAL ADDRESS

PO Box 306

West Perth WA 6872

COMMUNI CATI ON DETAI LS

Telephone: +61 8 9211 0635

Facsimile: +61 8 9322 2631

Web Address:

www.intgold.com.au

Email Address:

info@intgold.com.au

AUSTRALI AN BUSI NESS NUMBER

69 099 544 680

SHARE REGI STRY

Advanced Share

Registry Services Pty Ltd

110 Stirling Hwy

Nedlands WA 6009

MEDI A CONTACT

David Tasker

PPR

T: 08 9388 0944/ 0433 112 936

E: david.tasker@ppr.com.au

ASX CODE

IGS

JUNE QUARTERLY REPORT

Highlights

Brazil:

Final results received for maiden diamond drilling program completed at the Latin Gold Project, Brazil.

High grade gold mineralisation intersected at “Pe Quente” prospect including:

o 4m at 4.39 g/t gold from 86m – PQ019

o 5.6m at 2.24 g/t gold from 64.4m – PQ014 o 1.15m at 5.18 g/t gold from 56.55m – PQ007

High grade copper mineralisation intersected at “Pe Quente” prospect including:

o 9m at 1.27% copper from 70m – PQ014 o 1.15m at 1.21% copper from 56.55m – PQ007

West Africa:

Major land position acquired in Mali and extensive surface geochemistry commenced. A total of 4,076 samples collected to date with initial results returning anomalism up to 516ppb gold.

Additional licences acquired expanding landholding to over 1,250km2. New projects are contiguous with existing ground highlighting the opportunity to develop major projects.

Corporate:

Bernard Aylward appointed as non-executive director following the resignation of the Honorable John Moore.

$18.2M cash at 30 June 2011

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International Goldfields Limited (IGS) is a gold focussed explorer with exciting projects located in the world class mining districts of Brazil, Mali, Cote d’Ivoire and Western Australia. This portfolio of properties offers excellent potential for the discovery and development of major mining projects. The June quarter has been very active for the company with exploration programs continuing at the Latin Gold project, field exploration at the new acquisitions in Mali and exploration programs completed at Plumridge. The Company is continuing its aggressive exploration program with an IP survey and diamond drilling program planned for Latin Gold, extensive geochemical sampling in West Africa including reconnaissance programs in Cote d’Ivoire and follow-up sampling in Mali. The Company is also continuing to review additional opportunities that are presented with the aim of acquiring high value projects that enhance the Company’s existing portfolio.

GOLD EXPLORATION

BRAZIL (91%)

The Latin Gold project covers an area of over 3,200km2 in the highly prospective Alta Floresta Mineralised province of Brazil. The region has extensive artisianal mining (Garampeiro) workings extracting gold from alluvial deposits. Exploration commenced in the region in the late 1990’s and early 2000’s and resulted in the discovery of mineral resources at X1, Serrinha and Matupa located to the north of the Latin Gold project (Figure 1). During the quarter the Company received final assay results from the first diamond drilling campaign completed at the Latin Gold project located in Mato Grosso state, Brazil. A total of 19 diamond drill holes totalling 1,644m with drilling primarily targeting extensions to the Pe Quente prospect as well as first pass testing of 2 new target areas. Significant results include:

High grade gold mineralisation intersected at “Pe Quente” prospect including:

o 4m at 4.39 g/t gold from 86m – PQ019

o 5.6m at 2.24 g/t gold from 64.4m – PQ014 o 1.15m at 5.18 g/t gold from 56.55m – PQ007

High grade copper mineralisation intersected at “Pe Quente” prospect including:

o 9m at 1.27% copper from 70m – PQ014 o 1.15m at 1.21% copper from 56.55m – PQ007

The geological interpretation of the Pe Quente prospect is indicating a mineralised corridor with a north-northwest orientation, and internal to this structure a series of en-echelon structures with an east-west to northeast-southwest orientation. The overall strike length of the Pe Quente prospect exceeds 3km and may contain multiple mineralised structures within the zone (refer ASX announcement May and January 2011 for full details).

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An aggressive exploration program is continuing at the Latin Gold Project, with surface geochemical sampling targeting extensions to the mineralisation and detailed logging of the diamond drill core to improve the understanding of the host geology at the Pe Quente prospect. In addition mapping and geochemical sampling is continuing at the Boneca prospect and surrounding areas to improve targeting of future drilling programs.

IGS is planning an IP survey of the Pe Quente area to assist in targeting the sulphide mineralised zones and delineating potential structural control on the gold mineralisation. The results of the geophysical surveys will be used to complement surface geochemical datasets and drill hole information to refine targeting for a proposed 5,000m drilling program planned to commence in late July.

Figure 1: Latin Gold Project location plan.

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Figure 2: Pe Quente Prospect – Drill hole location.

Figure 3: North-South oriented diagrammatic cross section through PQ003 drill area at Pe Quente Prospect

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MALI

The Company has acquired an extensive land position in southern Mali and continues to expand the holdings with the of under-explored extensions to known gold mineralised shear zones and targeting the preferred geological setting. The Mali landholding consists of 8 projects (11 separate licences) located in the Syama-Morilla region and a major structural zone to the west (Figure 4 and 5). The landholding is highly prospective and the IGS has commenced immediate exploration activities with extensive surface geochemical sampling and mapping. A total of 4,076 samples have been collected to date with initial samples returning anomalism up to 516ppb Au. Initial geochemical sampling has focussed on the Diendo and Siele project with final assay results are pending. A short summary is provided below:

Figure 3: Major Landholding in West African Gold province

Diendo

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The Diendo project area consists of three permits (Diendo Sud, Diossyan Sud, & Manankoro Nord) covering a zone of favourable structural complexity as interpreted from regional aeromagnetic datasets. The permits cover 110km2 of the Birimian Gold belt with multiple structural targets along 8km of strike on gold-related structures, which are a key feature of major gold deposits across West Africa.

Surface geochemistry for the Diendo Project was completed in early May 2011, with 2,777 samples collected on 100m x 400m spacing covering the entire 110km2 of the three reconnaissance permits (Diossyan Sud permit, Diendo Sud & Manakoro North) that comprise the Diendo project.

The program consisted of primarily (76%) termite mound sampling, with soil infill where no termite mounds were located. The project hosts a well-defined target for both surface and auger geochemistry that is planned to commence this year. Sielé The Sielé project area provides an excellent opportunity to further explore the north-south trending gold corridor extending from anomalism at The Company’s Manian project, located approximately 50km to the south, in Cote d’Ivoire. The same Eburnean aged, gold related structures are interpreted to extend north into the Sielé project area, with strongly prospective targets for auger geochem testing defined along this structural corridor, adjacent, and at intersections to granitic intrusions. Surface geochemistry for the Sielé Project was completed in early June 2011, with 2,568 samples collected on 100m x 400m spacing covering a 7km wide zone for 15km of strike along a corridor through the center of the licence area where structure interpreted to be related to the Eburnean orogeny cut Birimian aged greenschist facies epiclastic rocks in close proximity to a granitic contact. The program consisted of primarily (70%) termite mound sampling, with soil infill where no termite mounds were located.

Assays received to date represent 70% of recent sampling and are tentatively interpreted to denote two parallel zones of dissipated surface mineralisation, with one zone open to the as-yet-unsampled northwestern part of the licence.

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Figure 5: Southern Mali - International Goldfields Project locations, summary geology and prospect location

PLUMRIDGE PROJECT

Final results were received for the wide spaced regional reconnassaince Aircore program with no new significant gold anomalous defined. The multi-element dispersion and geological interpretation of the drilling is being updated to prioritise additional drill targets with the project area.

GOLD EXPLORATION PROPOSED

Exploration activity proposed for the next 3 month period is:

Drilling campaign at the Latin Gold project targeting gold-copper mineralisation

Geophysical survey at the Latin Gold project

Continue geochemical sampling at the Latin Gold project targeting regional prospect areas and artisinal workings.

Continue regional geochemical sampling and mapping in southern Mali projects.

CORPORATE

During the quarter Mr Bernard Aylward was appointed to the Board as a non-Executive Director. Mr Aylward replace the Honourable John Moore who resigned.

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CASH ON HAND

As at 30 June 2011, the cash balance was: International Goldfields Limited A$18.2 million

International Goldfields

International Goldfields

Jason Bontempo Bernard Aylward T: +61 8 9221 7729

T: +61 8 9221 7729

E: jbontempo@intgold.com.au E: baylward@intgold.com.au

Competent person statement

The information in this report that relates to exploration results is based on information compiled by Mr Bernard Aylward. Mr Aylward is the Chief Operating Officer of International Goldfields Limited. Mr Aylward is a member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Aylward consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

FOR FURTHER INFORMATION, PLEASE CONTACT:

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mailto:jbontempo@intgold.com.aumailto:baylward@intgold.com.au

Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. 30/9/2001 Appendix 5B Page 1

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

INTERNATIONAL GOLDFIELDS LIMITED

ABN Quarter ended (“current quarter”)

69 099 544 680 30 June 2011

Consolidated statement of cash flows Cash flows related to operating activities

Current quarter $A’000

Year to date (12 months)

$A’000

1.1 Receipts from product sales and related debtors

- -

1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration

(1,664) - -

(401)

(6,886) - -

(1,424) 1.3 Dividends received - 140 1.4 Interest and other items of a similar nature

received 23

1,294

1.5 Interest and other costs of finance paid - - 1.6 R&D Tax Offset - 350 1.7 Other (provide details if material) 43 166

Net Operating Cash Flows

(1,999)

(6,360)

Cash flows related to investing activities

1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets

- (672) (51)

- (3,470)

(58) 1.9 Proceeds from sale of: (a) prospects

(b) equity investments (c) other fixed assets

- 764

-

- 3,393

- 1.10 Loans to other entities - - 1.11 Loans repaid by other entities - - 1.12 Other (provide details if material) (a) Proceeds from disposal of

controlled entity (b) Cash on hand upon purchase of

controlled entity

-

-

-

-

Net investing cash flows

41

(135)

Total operating and investing cash flows (carried forward)

(1958)

(6,495)

1.13

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Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. Appendix 5B Page 2 30/9/2001

1.13 Total operating and investing cash flows

(brought forward)

(1958)

(6,495)

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc. - - 1.15 Proceeds from sale of forfeited shares - - 1.16 Proceeds from borrowings - - 1.17 Repayment of borrowings - - 1.18 Dividends paid - - 1.19 Other (provide details if material) - -

Net financing cash flows

- -

Net increase (decrease) in cash held

(1958)

(6,495)

1.20 Cash at beginning of quarter/year to date 20,408 25,925 1.21 Exchange rate adjustments to item 1.20 (285) (1,265)

1.22 Cash at end of quarter 18,165 18,165

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

Current quarter $A'000

1.23

Aggregate amount of payments to the parties included in item 1.2

89

1.24

Aggregate amount of loans to the parties included in item 1.10

-

1.25

Explanation necessary for an understanding of the transactions

Directors Fee 89

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

Not Applicable.

2.2 Details of outlays made by other entities to establish or increase their share in projects in

which the reporting entity has an interest

Not Applicable.

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Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. 30/9/2001 Appendix 5B Page 3

Financing facilities available Add notes as necessary for an understanding of the position.

Amount available $A’000

Amount used $A’000

3.1 Loan facilities

Nil Nil

3.2 Credit standby arrangements

Nil Nil

Estimated cash outflows for next quarter

$A’000

4.1 Exploration and evaluation

1,800

4.2 Development

-

4.3 Production

-

4.4 Administration

300

Total

1,800

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter $A’000

Previous quarter $A’000

5.1 Cash on hand and at bank 10,165 650

5.2 Deposits at call 8,000 19,758

5.3 Bank overdraft - -

5.4 Other (provide details) - -

Total: cash at end of quarter (item 1.22)

18,165 20,408

Changes in interests in mining tenements Tenement

reference Nature of interest (note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1 Interests in mining tenements relinquished, reduced or lapsed

Nil

6.2 Interests in mining tenements acquired or increased

Nil

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Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. Appendix 5B Page 4 30/9/2001

Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number Number quoted Issue price per security (see note 3) (cents)

Amount paid up per security (see note 3) (cents)

7.1 Preference +securities (description)

7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions

7.3 +Ordinary securities

571,520,386

7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs

(a) 71,080,000

7.5 +Convertible debt securities (description)

7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted

7.7 Options (description and conversion factor)

7,700,000 2,475,000 1,375,000 1,000,000 7,750,000

Exercise price $0.10

$0.075 $0.10 $0.20 $0.20

Expiry date 31/12/2011

30/06/2012 30/06/2012 31/12/2013 31/12/2013

7.8 Issued during quarter

7.9 Exercised during quarter

7.10 Expired during quarter

7.11 Debentures (totals only)

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Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. 30/9/2001 Appendix 5B Page 5

7.12 Unsecured notes (totals only)

Compliance statement 1 This statement has been prepared under accounting policies which comply with

accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: ............................................................ Date: 29 July 2011

Company Secretary Print name: Melissa Chapman

Notes 1 The quarterly report provides a basis for informing the market how the entity’s

activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of

interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not

required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive

Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International

Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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IGS_ASX_Jun Qtly Report_July11-JBIGS Amended App5bv1 Jun-11 Quarter