BMA GOLD LIMITED Prospectus Download Before downloading, printing or viewing the electronic version of the Prospectus and Application Form, you must carefully read the terms set out in this Notice. By clicking on 'I Agree' at the bottom of this page, you acknowledge that you have read and accepted the terms set out in this Notice. PROSPECTUS LEGAL DISCLAIMER The attached document is an electronic reproduction of the Prospectus lodged by BMA Gold Limited with ASIC on 11 October 2007 (the "Prospectus"). The terms and conditions of accessing the electronic Prospectus are set out below. To access the Prospectus, you must first read and agree to the following terms and conditions. The information on this page is not part of the Prospectus. Capitalised words have the same meaning as in the Prospectus. DISCLAIMER No responsibility for the contents of the Prospectus is taken by ASIC. No securities will be allotted or issued on the basis of the Prospectus later than 13 months after the date of the Prospectus. By Law, the Prospectus is subject to an exposure period of 7 days following lodgment of the document with ASIC. That period may be extended by ASIC for a further 7 days. The exposure period is intended to enable the Prospectus to be examined by market participants prior to the raising of funds. No applications will be accepted by the Company during the exposure period. Any application form received during the exposure period will only be processed (without preference) after the exposure period has ended. AUSTRALIAN AND NEW ZEALAND RESIDENTS This Offer is only open to Australian and New Zealand residents. The electronic Prospectus is designed only for Australian and New Zealand residents accessing the electronic Prospectus from within Australia or New Zealand. This Prospectus does not constitute an offer or invitation in any place in which, or to any person to whom, it would not be lawful to make such an offer or invitation. The distribution of this Prospectus in jurisdictions outside Australia or New Zealand may be restricted by law and persons whom come into possession of this Prospectus should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities law. APPLICATION Eligible Shareholders wishing to apply for Shares will need to complete the application form that will accompany the Prospectus. A paper copy of the Prospectus together with the Entitlement and Acceptance Form which accompanies the Prospectus will be mailed to all eligible shareholders no later than 26 October 2007. To meet the requirements of the Corporation Act, the Application Form must not be handed or passed on to another person unless attached to, or accompanied by, the Prospectus. An electronic copy of the Prospectus is available by clicking on the link below. Please contact the Company or the Share Registrar to obtain a paper copy of the Prospectus if required.. Applicants should read the Prospectus in its entirety as the information contained in the individual sections is not intended to, and does not provide, a comprehensive review of the shares offered under the Prospectus. Applicants are advised to seek independent professional advice before applying for shares under the Prospectus. PASSING ON PROSPECTUS The Corporations Act 2001 prohibits any person passing on to another person an Application Form unless it is accompanied by a hard copy of the Prospectus or, in the case of an electronic Prospectus and Application Form, is linked to the complete and unaltered electronic form of the Prospectus. Shareholders should read the Prospectus before completing the relevant Application Form. A person may obtain a hard copy of the Prospectus free of charge by contacting BMA Gold Limited on 9963 6400. ELECTRONIC PROSPECTUS The electronic Prospectus, including Entitlement and Acceptance Form, is 98 pages and is in Adobe Portable Document format (PDF). You should ensure that any copy of the electronic Prospectus you download is complete. ACCEPTANCE OF TERMS AND CONDITIONS If you do not agree to or comply with ALL of the above terms and conditions, click on the button I DISAGREE to return to the homepage. If you agree to and comply with ALL of the terms and conditions above, and wish to proceed with viewing the electronic Prospectus, please click on the button AGREE. I have read and agree with the above terms and conditions