Carrick Gold LimitedCreating Shareholder Value through

Gold and Nickel Discoveries

Frank Carr Chairman & CEO

Bevan Jaggard Project Director

www.carrickgold.com

September 2007

This document neither constitutes nor forms nor should be construed as constituting or forming, part of anyoffer or invitation to sell, or any solicitation of any offer to purchase or to subscribe for, any securities in CarrickGold Limited (“the Company”) or an invitation or inducement to engage in investment activity, nor shall it or anypart of it form the basis of or be relied on in connection with any contract therefor. This document does notconstitute an invitation to effect any transaction with the Company or to make use of any services provided bythe Company.

The contents of this Presentation are based on information available as at the date of this Presentation and theCompany is not under any obligation to correct, update or revise this Presentation, or to provide a Recipientwith access to any additional information. All projections, forecasts, estimates, prospects and returnsrepresent the subjective views of management of the Company and management's current estimates of futureperformance based on various assumptions which management believe are reasonable, but which may ormay not prove to be correct and which are subject to significant uncertainties and contingencies. Theinformation in this document does not take into account your investment objectives, financial situation orparticular needs.

To the maximum extent permitted by law, the Company, its officers, employees and advisers disclaim andexclude all liability for any loss or damage (whether or not foreseeable) suffered or incurred by any personacting on any information provided in, or omitted from, this Presentation or any other written or oral informationprovided by or on behalf of the Company, including because of any negligence, default or lack of care.

Disclaimer & Confidentiality

Carrick Gold

World class Gold & Nickel deposits, gold expected to be in productionby late 2009, significant resource upgrade and exploration upside

Production

! Jan. 2007 JORC compliant gold resource> 3 million ounces c. 700K measured andindicated

! Orebody blockout drilling well advancedfor 1st open-cut pit to 100 metres depth

! Targeting initial 1.5 m ounces at ParrotFeathers ( comprising 600m of a 4.5kmstrike length)

! BFS underway

! Expected production by late 2009

! >10 year mine life at 150K ounces p.a.

based on Parrot Feathers resource

Exploration

! Landholding area over 450 km2

(45,000 hectares or c. 100,000 acres)

! 3 advanced gold projects

! 14 Nickel targets over 9.5km strike zone –including massive sulphides/black water

! Exploring in areas known for ‘elephant’gold deposits

! All tenements & projects 100% owned

Key Investment Points

! Cheap EV/OZ in ground

! Gold resource > 3 million ounces

! Proximity infrastructure & project location = low cost operation

! Low cost discovery = efficient exploration upside

! Leverage to favorable commodity markets

Short term share price drivers:

! Major resource upgrade

! Exploration results pending

! BFS results

! Presence of a nickel resource

EV / Resources – emerging gold companies

Background

! Exploration commenced at Lindsays 1995

(core tenements purchased 1994)

! Carrick Gold Limited founded 2002

! IPO Jan. 2005 A$5.6 m.

! ASX code: CRK

Capital Structure

! Current shares outstanding: 112 M (Float:- c. 50 M)

! 52 week price range: A$0.87 - A$1.80

! Market capitalisation @ A$1.50 A$168 M

! Major shareholders:

Frank Carr 46%

Link Traders (Aust) P/L 16%

Overview

CRK versus S&P/ASX 200 R ES Index

0.80

1.10

1.40

1.70

2.00

Sep 06 Nov 06 Jan 07 Mar 07 May 07 Jul 07 Sep 07

$A/share

70

90

110

130

150%

CRK (LHS) CRK Rel to S&P/ASX 200 RES (RHS)

CRK Versus Spot Gold

Gold Supply & Demand

Demand

! 50% increase in demand from India in 2007

! 20% increase in demand from Middle East

! Gold demand was US$14.5 billion in@207, 37% higher than @206

Supply

! South African gold production at 85 yearlow

! Australian gold output at 15 year low

Gold supply cannot meet demand at current and forecast levels = Price Pressure to upside

Projects

Gold Projects

! Lindsays

– Parrot Feathers (Northern tip of EasternStructure)

– Neves (Central Structure)

– South (Central Structure)

– West (Western Structure)

! Richfield

! Kalpini

! Kurnalpi

– Brilliant, Dazzle, Tinsel

Nickel Projects

! Halfway Hill

! Kurnalpi

- Grey Dam

2.75 m. Au oz

0.25 m. Au oz

Au, Ni, Au, Ag, Co

Nickel sulphides identified

Tenement Locations

Lindsays Project

PERTH KALGOORLIE

Carrick

Project Highlights

! > 1,000 holes drilled

! Resource – > 2.75 million ounces

! Average resource grade – 4.0 g/t au

! Open at depth

! Open along strike

! Parrot Feathers recent drill results include:

- 8m @ 5.9 g/t inc. 1m @ 21.7 g/t

- 7m @ 6.0 g/t

- 1m @ 22.1 g/t

- 2m @ 12.4 g/t

* Block-out drilling continues at Parrot Feathers

* Resource upgrade to be prepared

Lindsays ProjectLindsay’s E

astLindsay’s West

Lindsay’s Central

Trial Pit

WestProspect

ProspectNook

ProspectRichfield

NevesProspect

SouthProspect

Parrot Feathers

LEGEND

Gold Structures

DoleriteBasaltGranite/granodiorite

PorphyrySediment

Kalpini Project

PERTH KALGOORLIE

Carrick

N

Porphyritic BasaltBlack ShaleExisting Open Pit

Tenement

LEGEND

P27/1262

P27/1261

P27/1263

P27/1260

Kalpini ProjectProject Highlights

! Resource – 250,000 ounces

! Average resource grade – 3.0 g/t au

! Open at depth

! Open along strike

Kurnalpi Project Tenements

PERTH KALGOORLIE

Carrick

Kurnalpi Gold Project – Brilliant ProspectCurrent Outline

PERTH KALGOORLIE

Carrick

Drilling Highlights!30m @ 3.2 g/t ( ̂surface)

!72m @ 2.8 g/t

!54m @ 2.9 g/t

!15m @ 3.1 g/t

!52m @ 5.4 g/t

!29m @ 5.3 g/t

!44m @ 2.2 g/t

!15m @ 3.2 g/t

!60m @ 3.0 g.t

!Open at depth

!Open along strike

!New Discovery gold strikegreater than 1.3km

Halfway Hill & Grey Dam Nickel Prospects

Project Highlights

! Grey Dam - 10.5km of identified strikelength

! Significant results for Ni, Cu, & Co.

! Halfway Hill - 4km along strike fromBlack Swan Nickel mine

! Halfway Hill south of Lindsays

! Neighboring tenement to east hasalso identified nickel sulphides

Project Pipeline & Overview

! Kalpini

! Lindsays

! Grey Dam

Field WorkDrill

P rogram

Defined

Resource

Step O ut

Drilling BFS P roduc tion

2008

2009

2008

! Brilliant Prospect2008

Carrick uniquely positioned to move into production, with substantial exploration upside

Future Milestones

Milestones

! Expand Carrick’s gold resource to >7 million gold ounces at the Lindsays Project

! Determine extent of gold resource at Brilliant and New Discovery prospects

! Conversion of resource to reserves at Lindsays and Kalpini

! Extend mineralised zone between north Parrot Feathers and south of the Trial Pit alongEastern Structure

! Establish resource at Central Structure & Western structures

! Establish nickel sulphide resource at Grey Dam & Halfway Hill

Near Term Valuation Drivers

Announce

Nickel

Resource

2007 / 2008 2008 / 2009

Resource

UpgradeInitiate BFS

Resources

Upgrade

7M Oz

gold

Resource

Dec 07 Mar 08 Jun 08 Dec 08

&

Summary

Value

! EV/OZ

! Uplifts

Projects

! World class resource

! Low cost operation / simple mining

! Close to infrastructure

Other

! other

Board and ManagementFrank Carr: (Executive Chairman). Mr Carr has been engaged in company management and direction for over 30 years. He has extensive experience in corporate advisory and business recovery activities, has directed many initial public offerings and stock

exchange listings in Australia, New Zealand and the USA. His companies have received numerous technical, export achievement, management, and marketing awards. He is the recipient of the Australian Entrepreneur of the Year Award, holds master's degrees in both business administration and economics and is a Fellow of the Australian Institute of Management and the Institute of Directors

(UK). Mr Carr has funded the development, acquisitions, and exploration activities of the company and its tenements from 1994 to IPO. He is currently chairman of several public companies. Brian Martin: (Non Executive Director). Dr Martin received his primary degree and doctorate in geochemistry from the University of

Manchester. He spent two years as a research scientist with the CSIRO and he has served in the Economic Policy Section of the Australian Foreign Service. He worked with the United Nations Environment Programme, helping to establish the Global Environmental Monitoring System. In 1979 he became a Research Fellow with the Rockefeller Foundation at the Massachusetts

Institute of Technology and Harvard University. Dr Martin has acted as an independent consultant in many mine and exploration assessments and has provided reports in numerous merger and takeover situations. Victor Webb: (Non Executive Director). Mr Webb joined Dow Jones in the United Kingdom as a journalist and was later appointed

Vice President of the Dow Jones International Group and was the founding Director of Nikkei International Ltd, Tokyo. He has also served as a director of the Far Eastern Economic Review, the South China Morning Post and the Straits Times of Singapore. He was instrumental in the establishment of the Asian and European editions of the Wall Street Journal. Mr Webb represented the World

Gold Council for over ten years. Based in New York, Mr Webb is currently President of the international communications group, Marston Webb International, and his clients include major government and private organisations. Bevan Jaggard: (Company Secretary). Mr Jaggard has over 30 years’ experience in the fields of project management and business

development both for local government and in his own right. He is an experienced company director and secretary and has served local communities in many capacities in business and charitable associations. As Project Manager, Mr Jaggard has also directed the drilling and exploration activities of the company for many years .

Peter Paterson: (Consulting Geologist). Mr Paterson is a graduate in Applied Geology from the Ballarat school of Mines and Industries in 1976 and a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Paterson is a geologist with 20 years’ experience having started working with Western Mining Corporation in 1981 in gold mining and exploration. In 1986 he joined

Fimiston Mining NL as Project Geologist and in 1987 Windsor Resources NL as Senior Exploration Geologist responsible for the Black Flag Project and discovery of several gold mines. In 1993 he established his own Geological Consulting & Contracting Business based in Kalgoorlie, Western Australia and has since worked for many public and private companies in gold and nickel

exploration. He has considerable experience in project development and evaluation .

Parrot Feathers