Contact Us

Australia

Registered Office and Postal address

C/- McCullough Robertson

11/66 Eagle St,

Brisbane, QLD. 4000

Telephone: 0427 401198
Facsimile: 07 33993172

Website: http://www.sihayogold.com

Email: sihayogold@sihayogold.com

Indonesia

The Convergence Indonesia 20th Floor

Jalan Epicentrum Boulevard Raya

Kawasan Epicentrum
Jakarta 12960 Indonesia

Telephone: +62 21 2988 0399
Facsimile: +62 21 2988 0427

ASX ANNOUNCEMENT 20 DECEMBER 2010

LETTER TO OPTION HOLDERS

YOUR OPTIONS TO ACQUIRE SIHAYO GOLD LIMITED SHARES AT 20 CENTS PER SHARE

EXPIRE ON 31 JANUARY 2011

As a registered holder of 31 January 2011 options in Sihayo Gold Limited to remind you that the options will expire at 5:00pm (WST) on 31 January 2011.

Your option holding may be exercised in whole or in part by payment of 20 cents for each option by no later than

31 January 2011. If payment is not received by 5:00pm (WST) on 31 January 2011 the options will lapse and all rights under the options will cease at that time.

Some of the courses of action available to you as a holder of these soon to expire options are:

a) Exercise the options on or before 31 January 2011.

b) Sell your options. Quotation of the options will cease at the close of trading on 24 January 2011.

c) Do nothing (ie, allow your options to expire). If you do not exercise or sell your options they will expire on 31 January 2011 and your right to subscribe for ordinary shares in Sihayo Gold Limited at 20 cents per share will lapse.

There is no obligation on option holders to exercise their options. However, under paragraph 6.1 of Appendix 6A of the Australian Securities Exchange ( ASX) Listing Rules, the Company is required to advise option holders of the information contained in this notice.

The closing market sale price of ordinary shares in Sihayo Gold Limited on ASX was 24.5 cents on 17 December 2010, being the last trading day prior to the date of this notice.

During the three (3) months preceding the date of this notice:

  • the highest market sale price of ordinary shares on ASX was 27 cents on 16 November 2010; and
  • the lowest market sale price of ordinary shares on ASX was 16 cents on 4 October 2010.

If you wish to exercise your options then you must complete your "Notice of Exercise of Options" form included with this notice and forward it together with payment of 20 cents per option exercised to be received no later than 5:00pm (WST) on 31 JANUARY 2011 to the Company's share registry, being:

Security Transfer Registrars Pty Ltd

PO Box 535

APPLECROSS WA 6953

OR

770 Canning Highway

APPLECROSS WA 6953

Cheques should be made payable to "SIHAYO GOLD LIMITED" in Australian dollars only and should be crossed "Not negotiable". If you have any further questions please do not hesitate to contact our Registry on telephone

(08) 9315 2333, facsimile (08) 9315 2233, or e-mail registrar@securitytransfer.com.au.

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