Synergy Metals Ltd

30 April 2008 ABN 59 005 482 904

More visible gold at Sunnyside ASX Code: SML

Issued capital:
The Directors of Synergy Metals Ltd (Synergy) have been advised 615M ordinary shares
that diamond drill hole SSDH045 has intersected a rich zone of
mineralisation and associated sulphide brecciation some 3 metres in Directors:
Michael Sadler,
length (down hole) and with an estimated true width of 1.2 metres.
Chairman
Peter Malkin,
Visible gold has been observed in the upper portion of the
Operations Director
mineralised zone (see attached photo).
Kit Chye,
Non-Executive Director
The Directors caution shareholders that few drill holes have
Paul Pupazzoni,
visible gold in them and that the photo is therefore not Non-Executive Director
representative of Synergy’s overall drilling results.
Freddie Heng,
Non-Executive Director
The Directors are making this preliminary announcement to keep the
market fully informed. It will take several weeks before Synergy Senior Management:
receives assay results for this intersection. Peter Malkin,
Operations Director
SSDH045 is located approximately 250 metres north and 160 metres Paul Pupazzoni,
west of high grade intercepts previously reported in drill holes Company Secretary
SSDH017, SSDH038 and SSDH040 on the Antiope line of workings. Contact:
The mineralisation appears to be related to the United Brothers line 152 Macleod Street
of workings where the company has already delineated a small Bairnsdale Victoria 3875
inferred resource. The structure strikes 12 degrees MGA grid and Tel: (+61 3) 5152 5011
dips 85 degrees west and was intersected by a drill hole orientated Fax: (+61 3) 5152 5705
247 degrees MGA grid and inclined -60 degrees. Its relationship to Email:
the United Brothers main structure is unclear at present, but info@synergymetals.com.au
SSDH045 was designed to test for depth extensions to historic Web:
www.synergymetals.com.au
mining levels and was targeted to pass 80 metres below the old
workings.

Drill hole SSDH046 will target the same structure some 40 metres up dip and 10 metres to
the north, midway between SSDH045 and the lowest level of the historic workings.

Michael Sadler
Chairman
For further information, please contact:
Michael Sadler Rod North - Executive Director
Chairman Bourse Communications Pty Ltd
Synergy Metals Limited Tel: + 61 3 9510 8309
Tel: + 61 3 5152 5011 Mobile: 0408 670 706
Email: rod@boursecommunications.com.au
The geological information contained within this report was compiled by Mr Peter de Vries, a consulting geologist,
on behalf of Synergy Metals Ltd. Mr de Vries is a member of the Australasian Institute of Mining and Metallurgy,
and is competent and experienced in the activity being undertaken, and consents to the publishing of the
information in this report in the form and context in which it appears.
Latest drilling results at Sunnyside:

Drill hole SSDH045; interval 199.05 – 199.14 metres (down hole depth).
About Synergy Metals Ltd
Using modern geological exploration techniques, Synergy Metals has identified a large
mineralised zone in the Glen Wills and Sunnyside area in East Gippsland, Victoria. Gold,
silver and tin were previously mined in the region. Of the numerous mines established in the
region, the two most famous were the Yellow Girl and the Maude goldmines. The company
is fortunate to be able to draw on extensive data from previous workings and past
exploration. Synergy’s granted tenements and applications cover an area of approximately
2100km2 and abut the former Benambra base metals mine.

Gold exploration and development plans

Synergy’s strategy is to prove the viability of the Glen Wills and Sunnyside gold project area
and since 2004 has conducted more than 17,000 metres of diamond core drilling at the site.
Coffey Mining Pty Ltd completed an independent review and as reported on 19 April 2007,
confirmed the mineral exploration potential for part of the area to be in the range from
340,000 to 720,000 ounces of gold.

Regional exploration targets

Some of Synergy’s granted tenements and applications in the East Gippsland region have
historically hosted many minerals such as gold, silver, tin, copper, zinc, lead, tungsten and
molybdenum. Synergy’s strategy is to conduct some preliminary geological work on its large
land holdings.

Glen Wills and Sunnyside historical background

Extensive gold mining occurred in the Glen Wills / Sunnyside area north of Omeo from the
1890s until after the First World War. Although the scale of mining was considerably
decreased after the war, it continued until the 1960s. The area was very productive with
high grades at relatively shallow depth.

The first mines were established at Glen Wills in 1888 and 1889 with the most intensive
development occurring from about 1893. Most of the old mines were relatively shallow at
barely 100 metres depth. Of the numerous workings at the Glen Wills and Sunnyside
goldfields, the two most famous were at Glen Wills: the Yellow Girl which was opened in
1892 and the Maude in 1893. Both were rich mines and produced gold until 1916 when
operations were wound down due to the First World War.

However, both mines experienced a renaissance in 1931 when the Maude and Yellow Girl
Mining Company was formed and mining continued there until about 1952. Overall, between
1891 and the 1960s, the Glen Wills goldfield produced more than 235,000 oz of gold at a
grade in excess of 15 g/t.

JORC Code compliance

In accordance with the ASX listing rules, the Directors note that the estimates of mineral
exploration potential shown above are based on tonnes and grades which are conceptual in
nature and do not represent any form of mineral resource estimate since at this stage there
has been insufficient exploration work done on the mineral exploration potential to be able to
define a mineral resource of that size compliant with the JORC Code guidelines and it is
uncertain whether further exploration work will result in the determination of such a mineral
resource.