Gold Anomaly Limited (ASX:GOA) Drilling Begins At Crater Mountain Gold Prospect In Papua New Guinea

Sydney, Dec 13, 2010 AEST (ABN Newswire) - Gold Anomaly Limited (ASX:GOA) is pleased to announce that following some logistical issues causing delay, drilling has commenced at its flagship Crater Mountain gold project in Papua New Guinea.

Crater Mountain is a former BHP tier-1 project which consists of three contiguous exploration licences spanning some 300km2 in the highlands of PNG.

The Company's maiden drilling program targets the most advanced of the four gold bearing areas identified to date at the Nevera prospect, where significant gold mineralisation has been confirmed on the surface and at depth (see the Company's ASX release dated 11 November 2010 for details).

Gold Anomaly's Chairman Greg Starr said "We are pleased to report drilling has commenced at Crater Mountain. This is a significant milestone, beginning an aggressive program of 2500 metres of diamond drilling to further define the Nevera prospect's potential."

The drilling program is led by GOA director and exploration manager Peter Macnab, who has played a key role in the discovery of major mineral deposits totaling some 100Moz gold equivalent throughout PNG over the past four decades. Mr Macnab's view is that the diatreme-breccia zone outlined at Nevera is analogous to the diatreme-hosted geological setting at the 6.5Moz Wafi Creek deposit (Newcrest/ Harmony Gold), which Peter discovered. Crater Mountain also displays similar geological settings to Kelian [Indonesia] and Acupan [Philippines], both of which host orebodies in excess of 1Moz gold.

Contact

Ken Chapple Executive Director Mob: +61-418-758-301 Greg Starr Executive Chairman Mob: +61-2-9241-4224 info@goldanomaly.com.au http://www.goldanomaly.com.au