Significant Achievements » Synergy Metals Limited » The Company

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Significant Achievements

March 2009 – Synergy announces an increase in the Glen Wills resource. The new Inferred Mineral Resource for Glen Wills and Sunnyside is increased to 103,250 ounces of contained gold. A maiden Inferred Mineral Resource of 118,100 ounces of contained silver is announced for Glen Wills. Modeling shows that the Glen Wills Line is still open at depth and to the north and that the Sunnyside Central Line is still open at depth and to the south.

January 2009 – The resource drill out at Glen Wills South is completed.

November 2008 – To coincide with the AGM, Synergy announces an interim increase in the Inferred Mineral Resource for the Sunnyside Central Line (United Brothers). The total Inferred Mineral Resource at Glen Wills and Sunnyside in increased to 63,050 ounces of contained gold. Work continues on the resource statement for Sunnyside Eastern line (Antiope) and for Glen Wills. Modeling shows that the Sunnyside Central Line is still open at depth and to the south.

April 2008 – Synergy announces that it will commence a scoping study to be conducted in conjunction with Coffey Mining which will assess the viability of mining the Glen Wills South block. The Board also announces the establishment of an exploration and development pipeline of projects which includes Glen Wills/Sunnyside, Merrimac, Granite Flats and additional targets in the Benambra region.

October 2007 – The Board announces that part of the number 5 adit of the Glen Wills historic workings will be refurbished to allow the commencement of a resource drill out as recommended by Coffey Mining for the Glen Wills South block.

April 2007 – Synergy announces that Coffey Mining has completed its independent review and has established the exploration potential for part of the Glen Wills and Sunnyside project to be in the range from 340,000 to 720,000 ounces of gold. [See footnote below]

September 2006 – The Synergy Board appoints Coffey Mining Pty Ltd to conduct an independent review of all exploration work and results for the Glen Wills and Sunnyside gold project.

October 2005 – Synergy’s total Inferred Mineral Resource at Glen Wills and Sunnyside is trebled to 55,200 ounces of contained gold.

July 2005 – The Synergy Board announces a new management structure to take a more hands-on approach to developing the Glen Wills and Sunnyside gold project. The Board also announces its maiden Inferred Mineral Resource of 17,200 ounces of contained gold at Glen Wills.

February 2005 – Synergy completes the farm in agreement and acquires a 100% interest in all the East Gippsland tenements.

January 2004 – Synergy announces a farm-in agreement which allows the progressive acquisition of up to a 100% interest in a strategic group of tenements in the East Gippsland region of Victoria, including the historically significant Glen Wills and Sunnyside gold project area.

November 2001 – The Australian Securities Exchange (ASX) commences quotation of Synergy Metals Ltd with the code of SML.

Footnote: JORC Code Compliance – In accordance with the ASX listing rules, the Directors note that the estimates of mineral exploration potential shown above which are in excess of the actual Inferred Mineral Resource most-recently announced are based on tonnes and grades which are conceptual in nature and do not represent any form of mineral resource estimate since at this stage there has been insufficient exploration work done on the mineral exploration potential to be able to define a mineral resource of that size compliant with the JORC Code guidelines and it is uncertain whether further exploration work will result in the determination of such a mineral resource.