METALS AUSTRALIA LTD — Declaration of Voting Results & Voting Rights Announcements 2003

AUSTRALIAN UNITED GOLD LTD ACN 008 982 474

1st Floor, 8 Parliament Place West Perth WA 6005 PO Box 1618 West Perth WA 6872 Tel: (08) 9481-7833 Fax: (08) 9481-7835 Email: [email protected] Website: www.austunitedgold.com

27 November 2003

Australian Stock Exchange Companies Announcement Office 20 Bond Street SYDNEY NSW 2000

ANNUAL GENERAL MEETING: OUTCOME OF RESOLUTIONS

In accordance with Listing Rule 3.13.2 and Section AA(2) of the Corporations Act, we advise that at a shareholders' meeting held earlier today, the following resolutions were approved:

$1₁$ Re-election of Mr Alex Clemen as a director of the Company The resolution was decided by a show of hands. The total number of proxy votes in respect of validly appointed proxies were as follows:

$2.$ Re-election of Mr David Zukerman as a director of the Company The resolution was decided by a show of hands. The total number of proxy votes in respect of validly appointed proxies were as follows:

1. The approval and authorisation to allot and issue up to 100,000,000 ordinary fully paid shares. The resolution was decided by a show of hands. The total number of proxy votes in respect of validly appointed proxies were as follows:

1. The approval and authorisation to allocate and issue of up to 100,000,000 options, at a price of 0.1 cent per option, to subscribe for ordinary fully paid shares in the capital of the Company exercisable at 2 cents on or
   before June 30^th 2006. The resolution was decided by a show of hands. The total number of proxy votes in respect of validly appointed proxies were as follows:

Yours faithfully

B R McCullagh Company Secretary