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Metallurg, Inc.

Published : May 05th, 2014

Gruyere Metallurgical Testing Delivers High Recoveries

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Dear Stakeholder

Below is a link to the latest results from the Metallurgical testing. Highlights from the MET testing report are:

? Coarser grind size testing delivers very high gold recoveries

? Oxygen Sparging increases leaching rate; potentially reducing overall leach residence times

? Simulated Heap Leach Test produce rapid and high recoveries

http://www.goldroad.com.au/reports/GruyereMetTestingRptApril2014.pdf

Gold Road Resources Limited

22 Altona Street, West Perth WA 6005

PO Box 1157, West Perth WA 6872

www.goldroad.com.au

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