Ann: Response to Query, page-16

Hi MACCA…

The opening line of the reply to the ASX does not mention anything about a progress report, update or announcement and remember it was not released by IGS. It was released by the ASX

[“Please note the ASX reserves its right under listing rule 18.7A to release this letter and the Company’s response to the market. Accordingly, the Company’s response should address each question separately and be in a format suitable for release to the market.”]

There is nothing new in the reply. Any information in the reply is not a progress report, if it was it should have opened with something like “The company is pleased to announce that the ASX has questioned our financial ability to stay listed, and we answered, yes, we think we are OK because if we are really, really lucky and can queue jump we might get some of our SFEG $ back, Ouro Paz just might prove to us what is going on financially and the proposed WG deal is progressing at a snails pace and we have the support of some of our shareholders.

The following is not an announcement, it is a reply. 12-Oct-2015

“Dear Jill, I refer to your letter dated 6 October 2015 in relation to the Company’s financial condition query and responds in line with the numbers of your letter.”

The following is an update announcement and it was released by IGS 01-Sep-2015

“Corporate Update The Board of International Goldfields Limited (“IGS” or “the Company”) (ASX: IGS) is pleased to provide an update on the status of its transaction with Jardin de Invierno SA, trading as Winter Garden Biosciences (“Winter Garden” or “WG”).”

And this one was also released by IGS 13-Aug-2015

“International Goldfields Limited (“IGS”) (ASX: IGS) is pleased to announce that Due Diligence associated with the transaction with Jardin de Invierno SA, trading as Winter Garden Biosciences (“Winter Garden” or “WG”), has been successfully completed to the satisfaction of the IGS board.”