SUBJECT: DIRECTOR’S OPTION OVER SHARESMr Brian Johnson,...

SUBJECT: DIRECTOR’S OPTION OVER SHARES
Mr Brian Johnson, Executive Chairman of EnviroGold Limited (ASX code “EVG”), advises that he has agreed to a put and call arrangement in relation to 10 million EnviroGold shares held by HSBC Custody Nominees (Australia) Limited.
Mr Johnson or his nominee can purchase these shares at his option anytime before 15 December 2009 at 7.5 cents per share, failing which he may be required to buy the shares on 15 December 2009 at 6.0 cents per share.
Mr Johnson will have no voting rights in relation to these shares prior to their transfer.