Terms and conditions

By clicking on “I agree” below you represent that you have read and agree to the terms and conditions detailed below.

Prospectus

Panaegis Gold Mines Limited (ACN 111 587 163) has lodged with the Australian Securities and Investment Commission (ASIC) a prospectus dated 10 October 2008 relating to a pro-rata non-renounceable Rights Issue (the Prospectus). Neither ASIC nor the ASX and their respective officers take any responsibility for the contents of this Prospectus.

The offer of New Ordinary Shares under the Prospectus is being made to holders of shares who are on the Company’s register at 7.00pm on the Record Date being 20 October 2008. However, the Rights Issue offer is not being made to existing Shareholders with a registered address outside Australia or New Zealand.

Electronic Prospectus

You may print out a hard copy of the Prospectus from this website or copy the electronic Prospectus on this website into an electronic file for personal use only. You must not alter the contents of this electronic file in any way. You must not make a copy of the Prospectus available to a person outside Australia or New Zealand.

The distribution of the Prospectus outside Australia and New Zealand may be restricted by law and persons who come into possession of the Prospectus should seek advice on and observe any such restriction. Any failure to comply with such restrictions may constitute a violation of applicable laws.

Professional Advice

The Prospectus is important and should be read in its entirety. Your investment decision should be based upon information contained in the Prospectus. If in doubt, you should consult your stockbroker, solicitor, accountant or other professional adviser without delay.

Entitlement and Acceptance Form

The Prospectus available from this website does not include an Entitlement and Acceptance Form for the Rights Issue. If you wish to take up your Entitlement to apply for New Ordinary Shares under the Rights Issue you should complete the paper copy of the Entitlement and Acceptance Form which accompanies the paper copy of the Prospectus which will be sent to Eligible Shareholders on or about 24 October 2008.

By clicking on the “I agree” button below you agree that you:

(a) have read and understood the above statements;

(b) are an Australian or New Zealand resident and you are accessing the Prospectus from within Australia or New Zealand; and

(c) will not pass on to any other person the application form unless it is attached to or accompanied by the complete and unaltered electronic Prospectus.