Sihayo Gold Limited

Sihayo Gold Limited (ASX:SIH) is pleased to provide the following update on the progress of the Definitive Feasibility Study for its 75% owned Sihayo Pungkut Gold Project in North Sumatra, Indonesia.

Sihayo Gold Limited (ASX:SIH) is providing an update on recent events at its 75% owned Sihayo Pungkut Gold Project in North Sumatra, Indonesia.

Sihayo Gold Limited (ASX:SIH) is pleased to announce that significant gold results have been achieved in the first six holes of the new drilling program at the Tambang Tinggi gold / copper prospect located in the southern area of the Company's Contract of Work in North Sumatra, Indonesia.

Sihayo Gold Limited (ASX:SIH) is pleased to announce that it has received firm commitments for 75 million fully paid ordinary shares at A$0.20 per share to raise A$15 million before costs pursuant to the placement announced on 14 April 2011.

Sihayo Gold Limited (ASX:SIH) is pleased to announce that it intends to undertake a placement of new shares to institutional investors, including existing major shareholders, to raise approximately A$15 million. Proceeds raised will allow the Company to pursue further resource definition drilling at the Sihayo Pungkut Gold Project, resource exploration drilling across multiple "high impact" exploration targets and complete the Definitive Feasibility Study before making a final investment decision, expected later this year.

Sihayo Gold Limited (ASX:SIH) announce the new upgraded JORC compliant resource estimate of 14.6Mt at 2.8g/t Au containing 1,302,000 ounces of gold for the Sihayo resource within its 75% owned Sihayo Pungkut gold project in North Sumatra, Indonesia.

Sihayo Gold Limited (ASX:SIH) announce that diamond drilling has recommenced at the Tambang Tinggi gold/copper prospect located in the southern area of the Company's Contract of Work in North Sumatra, Indonesia.

Sihayo Gold Limited (ASX:SIH) announce that ongoing drilling at the Sihayo Pungkut gold project has intersected further significant gold mineralisation, including 16m @ 7.33 g/t Au from 149 meters, adjacent to the JORC compliant Sihayo-Sambung gold resource (10.7 Mt @ 2.9 g/t Au for 1.01 million oz).

Sihayo Gold Limited (ASX:SIH) is pleased to provide the following update on progress at the Company's 75% owned Sihayo Pungkut gold project located in North Sumatra, Indonesia.

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