EnviroGold Global Limited announced preliminary results from the pilot plant test program for the Hellyer Project (Hellyer). The Hellyer project is a joint project between EnviroGold Global and Hellyer Gold Mines Pty Ltd. that includes an off- site pilot study at the world-renowned ALS Laboratory in Perth Australia. The Company is very encouraged that the Phase 1 and Phase 2 work completed to date confirms the previous test work carried out at the Core Resources Laboratory for the liberation of critical and precious metals.

Not only does this work confirm previous third-party testing but it also exhibits improved gold recovery rates over and above the current preliminary economic assessment ("PEA"). The current ALS recovery rates should produce economics in line with the PEA. Gold and silver recoveries without the EnviroGold Global process are about 5% and 30%, respectively.

The test work is now proceeding with the goal of confirming the acid recycling process and generate further residue to evaluate the downstream metal recovery and catalyst recycling. The Hellyer Project has robust economics as demonstrated by the Company's PEA. Using a base case of USD 1,650/oz gold price, EnviroGold Global's after tax share of the project could generate a free cash flow of CAD 271.8 million and an NPV(10%) of CAD 143.7 million.

Based on a USD 1,818/oz gold price, the adjusted EnviroGold Global after tax free cash flows (PEA) would be CAD 344.2 million with an NPV(10%) of CAD 184.5 million.