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Invictus Gold Limited (ASX:IVG) Invictus Gold Limited March 2011 Quarterly Report

• Invictus Gold Limited was admitted to the Official List of the Australian Stock Exchange on Friday 21st January 2011 having raised $4 million and closed oversubscribed. Its securities commenced trading on Thursday, 27th January 2011;
• Initial field programmes have been significantly affected by very heavy rainfall throughout the wet season, including Cyclones Anthony and Yasi, and access to many areas has not been possible;
• Despite this field work commenced in February 2011 on some of the Company’s Drummond Basin gold projects in North Queensland;
• 2,144 soil samples were collected at the Diamond Creek and Saint Annes Prospects and submitted for assay together with 314 soil samples previously collected at the Pseudo Prospect. Results have been received and interpretation is in progress;
• Invictus has been awarded up to $150,000 in government funding for its maiden drill programme at the Pseudo and Blackwater Prospects; and
• Cash Position (after the costs of listing): $3.25 m
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