28 September 2012
ANNOUNCEMENT - ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2012
Nyota is pleased to inform shareholders that the audited report and accounts for the year ended 30 June 2012 has been filed with ASX and is now available on the Companys website in the "Corporate" section.

An AGM notice will follow in the coming weeks.
HIGHLIGHTS
Tulu Kapi * 42,087m drilling to support exploration, resource upgrades and geotechnical and metallurgical test work related to the Definitive Feasibility Study ("DFS"); * Two updates to the JORC-compliant Mineral Resource during the Reporting Period to 17.97 million tonnes at 2.90 g/t gold containing 1.67 Moz of gold; * Geological modelling of UNDP Target, adjacent to the main resource, demonstrates good continuity and highlights opportunity for further extensions to mineralisation and scope for further increases; * Peak drill assay intercept in the Tulu Kapi Feeder Zone of 6.11 g/t Au over 17m reaffirms the Feeder Zones potential to provide the significant high-grade component to future mine production; * Immediately after the Reporting Period, the technical elements of the on-going DFS were submitted to the Ethiopian Ministry of Mines ("MoM") to enable it to commence its technical review of the Tulu Kapi project ahead of granting a Mining Licence ("Mining Licence");
Proximal & Satellite Targets * The Guji gold-bearing saprolite was identified as a small portion of a larger, 2.8km long linear geochemical anomaly, extending from Komto in the south to Guji in the north; * The first phase Guji drill programme was completed, with 64 holes drilled for a total of 5,381m and demonstrated that potentially economic mineralisation exists; * In-fill soil sampling defined an anomaly covering an area of approximately 2.5km2 at Buneya North, coincidental rock chip samples of up to 7.2g/t and historical hard-rock mining;
Regional Exploration - the Northern Blocks * Initial drill programme at Bendokoro produced visible gold (associated with a peak intersection of 11.65g/t Au at 153m-154m depth) and a separate peak assay of 100 g/t over 0.64 m; * A detailed fieldwork schedule is being planned for October 2012 to June 2013 based on results to date and previous airborne geophysical and regional soil geochemical sampling, in order to comprehensively explore the whole of the Northern Blocks ahead of further drilling;
Financial * $14.4 million (�11 million) raised through a placing to new and existing shareholders and a subsequent, but related, subscription by International Finance Corporation with $2 million (�1.3 million) being received shortly after the end of the Reporting Period; * Cash on Balance Sheet of $14.5 million at 30 June 2012;
Corporate * Appointment of two independent non-executive directors to the Board - Neil Maclachlan as Chairman in March and Norman Ling, former Ambassador to Ethiopia, Djibouti and the African Union in June; and * Appointment of a Chief Operating Officer in Ethiopia, tasked with delivering the Tulu Kapi mine once a Mining Licence has been secured and DFS finalised.
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