percyvale produces high grade gold 59.9gt

ITT announcment
20/05/2008 Maiden Drilling at Percyvale Gold Project

Very exciting drilling intersections.

SUMMARY:

• Initial drill program completed at Percyvale Gold Project, northern
Queensland

• Results including 1m @ 59.9 g/t Au and 5m @ 12.5 g/t Au have been
received for first six holes at the Union Mining Lease

• Results from remaining holes at Percy West expected in next 1-2 weeks
with follow-up drilling likely in Q3, 2008



Very good gold results. Secure tenement holding good future for ITT in gold.