A Gold Focused IPO with Resources, Advanced and Grass Roots projects

Anticipated listing late 2011

Sponsored by Icon Resources Ltd

Disclaimer

The information in this presentation is published to provide information about Gossan Hill Gold Ltd (GOS) and its subsidiaries. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and reserve the right to make changes to it at any time without notice.

To the extent permitted by law, GOS accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation.

Gossan Hill Gold Ltd

• 4 quality projects, all drill-ready, all NSW.

2 Icon projects: recent Peel Fault discovery and Weabonga.

2 vends: Mt Adrah with 239,000 oz JORC resource, Bauloora – an untested epithermal vein system.

Raise $8 million late 2011

Drill through to end 2013, providing market with continuous additional resources and discovery results.

Board structure Dr Andy White – Executive Chairman

45 years experience in exploration, mining, Director Icon Resources Ltd

Rob Waring Non Executive Director and Company Secretary. 30 years financial and company secretary

experience, currently Co.Sec.for Icon Resources Ltd.

Dr Leon Pretorius Non Executive Director. 40 years experience in exploration, project

development, Director Palladin Energy Ltd, Deep Yellow Ltd, Chairman Icon Resources Ltd

Capital Structure

Shares Owner Capital $Issued at incorporation

3,000,000 Icon/BUT 3,000

Venture capital (seed)

4,000,000 ? at 10 cents

400,000

Vendors 15,000,000 IconVendors 10,000,000 BUTVendors 2,000,000 RobustOffered under prospectus

32,000,000 @ 25 cents

8,000,000

66,000,000 8,403,000

Mt Adrah Highlights

Mt Adrah: On Gilmore Suture Inferred Resource

239,000 oz at 1.13g/t to 120m.

Open at 315m. Target: 1.5moz to

justify bulk underground mine

Peel Fault Highlights

Peel Fault: Icon virgin gold discovery

in 2010 drilling: 3 holes - 14m @1g/t, 8m @ 1.7g/t, 2m @ 3.69g/t Au.

Gold in altered quartz monzodiorite dykes, adjacent carbonate-rich sediments.

Targets: “granite” hosted gold, Carlin - style carbonate sediment - hosted gold.

Core from Icon drill hole ICK002: 14m @ 1g/t gold.

Weabonga/Niangala

Unexplored, drill targets ready.

Rock chips to 50g/t, visible gold.

Highland Mary mine at Weabonga closed in WW1, average grade 44.8g/t (historical records).

Target: Wattle Gully analogue (Wattle Gully, Victoria, produced 450,000 oz at 9.5g/t).

Example of quartz veining hosting gold mineralisation at Weabonga

Bauloora

Untested low sulphidation epithermal vein (photo of sample from vein outcrop).

Rock chip assays up to 36g/t.

Visible gold in rock chips. No previous prospecting. 2km strike length.

Target: Analogue of Cracow >2moz at >9g/t, Pajingo >2.3moz at >12g/t .

Exploration program Drilling to dominate exploration in first two years – drill

ready targets at all prospects.

Mt Adrah: Resource needs >quadrupling to be economic: 3D-IP and deep drilling to extend known deposit and test blind targets nearby.

Peel: Drill out discovery, drill new targets north & south of discovery, several target models to test.

Weabonga: Drill 3 target prospects. Bauloora: Detailed geological mapping and drilling.

Milestones Seed: In place Draft prospectus – complete Due diligence – about to commence Sponsoring broker – selection June-July 2011. All the “ducks lined up” for IPO in September, 2011.

ContactsDr Andrew White – Executive ChairmanMob. 0411 110513 email awhite@gossanhillgold.com.au Gossan Hill Gold Ltd Suite 505, 35 Lime St., Sydney, NSW 2000.