PRODUCTION HIGHLIGHTS Gold Produced 30 June 2010 31 March 2010 30 June 2009 30,456 oz 32,646 oz 43,036 oz K EY P OINTS  Quarterly Gold Production: 30,456 ounces  Quarterly Cash costs: US$345/ounce gold (US$261/oz before royalties) Total Cash Costs (incl Royalty) 30 June 2010 US$345/oz 31 March 2010 US$332/oz 30 June 2009 US$227/oz Average Gold Price Received 30 June 2010 US$1,196/oz 31 March 2010 US$1,112/oz 30 June 2009 US$923/oz  Annual Gold Production June2010: 132,628 ounces at US$335/ounce cash costs  Plant expansion commenced, utilising investment incentives from Thai Government  Total cash and bullion: A$51.5 million SECURITIES As at 1 July 2010 Ordinary shares Unlisted options 100,495,783 1,990,513 O VERVIEW Chatree Gold Mine ◊ Gold production was 30,456 ounces gold in the June quarter, with a gold grade of 1.5 grams/tonne. ◊ Production for the Financial Year July 2009 - June 2010 was 132,628 ounces gold, as forecast, from 2.7 million tonnes ore processed at 1.6 grams/tonne gold. ◊ Total cash costs for the quarter were US$345/ounce (US$261/ounce cash operating costs before Thai royalties). Total cash costs for the Financial Year to end June 2010 were US$335/ounce (US$257/ounce before Thai royalties) with total production costs of US$408/ounce after depreciation and amortisation. This maintains Kingsgate’s position in the lowest 20% of the global industry’s cash costs and the lowest 10% on total production costs (GFMS 2010). Plant Expansion ◊ The expansion of ore processing capacity to 5 million tonnes per annum was approved in June after receiving approval for investment incentives from the Thai Board of Investment (BOI). Construction of the processing plant expansion has commenced. The initial contracts have been awarded and a 40-man team has been mobilised on site and is preparing to pour concrete. Ausenco, the engineering construction firm, are finalising sub-contracts and ordering all remaining equipment packages. Investec Bank (Australia) Limited has been awarded a mandate to arrange a US$100 million debt funding facility for the expansion. Plant expansion commenced Kingsgate Consolidated Limited ABN 42 000 837 472 Resource Development ◊ Drilling results around and under the original pits at Chatree has confirmed the potential to re-open those pits in the future, with results including 17 metres at 4.7 grams per tonne gold. Geophysics and drilling have indicated the potential for high-grade targets beneath the current planned base of the A Pit. A potentially new high-grade zone has been identified further north, east of the Q Pits, with results including 14 metres at 5.9 grams per tonne gold. An updated resource/reserve statement is expected before the end of July. Suite 801, Level 8, 14 Martin Place Sydney NSW 2000 Australia Telephone: 61 2 8256 4800 Facsimile: 61 2 8256 4810 Email: info@kingsgate.com.au Website: www.kingsgate.com.au Corporate Gavin Thomas, MD & CEO 21 July 2010 ◊ Total cash in bank and bullion on hand was A$51.5 million (US$44.1 million) as at 30 June 2010 with no debt and an undrawn US$30 million debt facility.