Republic Gold Limited (ASX:RAU) Quarterly Activities Report for Period Ending 31 March 2010

Brisbane, May 3, 2010 AEST (ABN Newswire) - During the Quarter Republic Gold Limited (ASX:RAU) completed a number of significant milestones for the Amayapampa Gold Project in Bolivia ("Project"). This included a significant Mineral Resource upgrade, a decision to increase the size of the treatment plant for the Project by 50% to 7,500 tonnes per day, the appointment of Fraser Osborn and Gekko Systems to complete the treatment plant feasibility study design and construction and the appointment of financial consultants for the Project funding.

The surface sampling programme continues to the northeast of the proposed open pit and is covering the waste dump and treatment plant sites in order that these areas can be sterilised. In addition infill trenching was commenced over the core of the deposit to provide a higher density of data.

Training of mine operators in the use of heavy equipment continued. The Project was visited by consulting social and economic experts from Australia in the previous Quarter and these consultants significantly advanced their report on the Project and on Bolivia.

Highlights from the Quarter:

Bolivia - Amayapampa Gold Project

- Significant Mineral Resource upgrade at Amayapampa by 19.4% to 1,294,000 ounces.

- Significant increase in Measured and Indicated mineral resource - up 48% (321,000 ounces to 990,000 ounces).

- Appointment of CPM Group of New York to advise and coordinate on the debt required for Amayapampa and of CCP of Sydney to coordinate the requisite equity for the Project.

- Appointment of Fraser Osborn and Gekko Systems to provide engineering design services to complete the Treatment Plant Bankable Feasibility Study.

- Very positive meeting with newly appointed Minister for Mining and Metallurgy, Senor Jose Pimentel.

- Pre-Construction works continue.

Queensland - Hodgkinson Basin Projects

- Drillholes TGA101, 105 and 106 indicate a 130 metres long high grade shoot in the Sleeping Giant area with 12 metres at 3.36 g/t Au, 8 metres at 2.79 g/t Au and 4 metres at 7.19 g/t Au.

- Other good grade intersections included TGA108 with 8 metres at 7.12 g/t Au, TGA100 with 8 metres at 6.27 Au g/t, TGA107 with 18 metres at 2.79 Au g/t, TGA113 with 14 metres at 3.32 g/t Au and TGA102 with 20 metres at 2.08 g/t Au.

- Four antimony intersections with grades greater than 2.00% antimony were also encountered.

Burraga Copper Project

- Strategic data review successfully completed, with new geological block model constructed.

Corporate

- General meeting of shareholders passes the two resolutions tabled.

- Cash at the end of the Quarter was $1.94M.

For the full Quarterly Report, please visit:
http://www.abnnewswire.net/media/en/docs/62780-ASX-RAU-335759.pdf

Contact

John Kelly Managing Director Republic Gold Limited Tel: +61-7-4092-2594 Mob: +61-418-577-759