NORD GOLD CPR Report on the Assets of Nord Gold for Burkina Faso, Guinea, Kazakhstan and the Russian Federation
NORD GOLD CPR Report on the Assets of Nord Gold for Burkina Faso, Guinea, Kazakhstan and the Russian Federation January 2011 Wardell Armstrong International Wheal Jane, Baldhu, Truro, Cornwall, TR3 6EH, United Kingdom Telephone: +44 (0)1872 560738 Fax: +44 (0)1872 561079 www.wardell-armstrong.com 27 January 2011 The Directors Nord Gold N.V Strawinskylaan 3105, 1077 ZX Amsterdam, The Netherlands Dear Sirs Nord Gold N.V. – Competent Person’s Report Background Nord Gold N.V. (the “Client” or “Nord Gold”) commissioned Wardell Armstrong International Ltd ("WAI") to prepare a Competent Person’s Report (the “CPR”) on its gold mining, development and exploration assets. WAI understands that the CPR will be included as part of a prospectus (the "Prospectus”) to be published in connection with a proposed offering of ordinary shares by Nord Gold to be admitted to the premium listing segment of the Official List of the United Kingdom Financial Services Authority and to trading on the main market for listed securities of the London Stock Exchange Main Listing (together, “Admission”). WAI hereby consents to the inclusion of this letter and the CPR in the Prospectus, with the inclusion of its name, in the form and context in which it appears in the Prospectus, to be published in connection with Admission. For the purposes of Item 1.1 and 23.1 of Annex I and Item 1.1 and 10.3 of Annex III to Commission Regulation (EC) No. 809/2004 of 29 April 2004 (the “Prospectus Directive Regulation”) WAI is responsible for this letter and the CPR as part of the Prospectus and declares that it has taken all reasonable care to ensure that the information contained in this letter and the CPR is, to the best of its knowledge, in accordance with the facts and contains no omission likely to affect its import.
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