Independent Expert (LEA) values at up to 44.4 cents -REJECT Xingye Offer

CEO Shane Menere's Interview with Lel Smits from The Stock Network

The independent expert, Lonergan Edwards & Associates Limited (LEA), has concluded
that the Offer is neither fair nor reasonable, assessing the value of 100% of Far East Gold's
shares at A$0.324 to A$0.444 per share, with a mid-point of A$0.385 (38.5 cents), on a 100%
controlling interest basis. Shareholders should TAKE NO ACTION in relation to the Offer.
HIGHLIGHTS
• The independent expert, LEA, has assessed the fair value of Far East Gold at A$0.324
to A$0.444 per share, with a mid-point of A$0.385 (38.5 cents), on a controlling interest
basis. LEA's assessment was made prior to the forth coming Idenburg Scoping Study.
• LEA has concluded that Xingye’s Offer Price of A$0.13 per share Offer is neither fair
nor reasonable.
• Xingye's Offer Price is at a discount of 60% to 71% below the assessed value of 100%
of the shares in the Company on a 100% controlling interest basis — a shortfall of
A$0.255 per share at the assessed mid-point.
• Your Independent Directors intend to reject the Offer — the Independent Directors
hold approximately 11.07% of the Company's shares and intend on rejecting the Offer
at the Offer Price.
• Major shareholders representing approximately 12.44% of the Company have
confirmed they do not presently intend to accept the Offer at the Offer Price.
• The Independent Board Committee unanimously recommends that shareholders
REJECT the Offer and TAKE NO ACTION