Third Party Analyst Research Report – Prepared by E.L.&C. Baillieu Stockbroking Ltd. 29 July 2011

DISCLAIMER

The attached report in respect of Castlemaine Goldfields Limited has been prepared by and represents the views of E.L.&C. Baillieu Stockbroking Ltd which has consented to the inclusion of the report on Castlemaine Goldfields Limited's website. It is provided for information purposes only. Castlemaine Goldfields Limited has not verified and takes no responsibility for the information contained in the report and makes no representation or warranty that the information contained in the report is correct, accurate or complete. The views expressed in the report may not necessarily correspond to the views held by Castlemaine Goldfields Limited. The report is also subject to the disclaimer set out in it.

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Third Party Analyst Research Report – Prepared by E.L.&C. Baillieu Stockbroking Ltd. 19 May 2011

DISCLAIMER

The attached report in respect of Castlemaine Goldfields Limited has been prepared by and represents the views of E.L.&C. Baillieu Stockbroking Ltd which has consented to the inclusion of the report on Castlemaine Goldfields Limited's website. It is provided for information purposes only. Castlemaine Goldfields Limited has not verified and takes no responsibility for the information contained in the report and makes no representation or warranty that the information contained in the report is correct, accurate or complete. The views expressed in the report may not necessarily correspond to the views held by Castlemaine Goldfields Limited. The report is also subject to the disclaimer set out in it.

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Third Party Analyst Research Report – Prepared by Strachan Corporate 21 February 2011

DISCLAIMER

The attached report in respect of Castlemaine Goldfields Limited has been prepared by and represents the views of Strachan Corporate, which was commissioned by Castlemaine Goldfields Limited to prepare it. Strachan Corporate has consented to the inclusion of the report on Castlemaine Goldfields Limited's website. It is provided for information purposes only. Castlemaine Goldfields Limited has not verified and takes no responsibility for the information contained in the report and makes no representation or warranty that the information contained in the report is correct, accurate or complete. The views expressed in the report may not necessarily correspond to the views held by Castlemaine Goldfields Limited. The report is also subject to the disclaimer set out in it.

I have read the disclaimer and wish to proceed to view the report .