Roadshow Presentation

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1 ASX/MEDIA ANNOUNCEMENT 24 March 2011 Roadshow Presentation Norton Gold Fields (ASX: NGF) Managing Director, Andre Labuschagne delivered a presentation to investors at the Mines and Money Conference today in Hong Kong. A copy of the Presentation is attached. For more info visit us at ENDS Further information Andre Labuschagne Warrick Hazeldine / Annette Ellis Managing Director Purple Communications Norton Gold Fields Limited 61 (0) / +61 (0) (0) / +61 (0) alabuschagne@nortongoldfields.com.au whazeldine@purplecom.com.au Norton Gold Fields Limited 79 Hope Street, South Brisbane, Queensland 4101 Australia ACN Tel +61 (0) Fax +61 (0)

2 About Norton Norton Gold Fields Limited is a mid-tier, ASX-listed, unhedged gold producer. In FY2010, Norton produced approximately 140,000 oz of gold from its open cut and underground operations at Paddington, near Kalgoorlie in Western Australia. The Company is forecasting production in FY2011 between 155,000 oz and 160,000 oz of gold. The Paddington operations include a 3.3 Mt pa processing facility. Norton has recently added two new mining operations, the Homestead underground mine and the Navajo Chief open cut, to supply ore to its processing facility. The Company holds extensive granted mining and exploration leases in the pre-eminent Kalgoorlie goldfields, with a landholding of 1,050 km 2. The Paddington operations have a current Mineral Resource of 5.8M oz, of which some 1.2M oz is classified as Reserves, for a mine life in excess of ten years. The Company continues to assess development options for its Mount Morgan Mine Project in Queensland. The project has all the requisite regulatory approvals and subject to suitable funding being arranged, can be in operation within 12 months producing between 30,000 to 35,000 oz pa. Norton s growth will come from optimising existing operations and acquiring, developing and operating assets. For more information, please visit our website: Page 2 of 2

3 Presented by: André Labuschagne Managing Director Mines and Money Conference

4 Disclaimer This Presentation has been prepared by Norton Gold Fields Limited (Norton). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in Norton. You should not treat the contents of this Presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty (whether express or implied) is made by Norton or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this Presentation or provided in connection with it, or any omission from this Presentation, nor as to the attainability of any estimates, forecasts or projections set out in this Presentation. The Presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the Presentation and make your own independent decisions about the affairs, financial position or prospects of Norton. Norton reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so). Neither Norton, or its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this Presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Part IVA or V (including sections 51AA, 51AB, 51AC, 52 or 53) of the Trade Practices Act 1974 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. isolation as a basis to invest in Norton. It does not include all available information and should not be used in Future matters This Presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of Norton. Those intentions, i expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which h may not be metor on which h views may differ and may be affected by known and unknown risks. The performance and operations of Norton may be influenced by a number of factors, many of which are outside the control of Norton. No representation or warranty, express or implied, is made by Norton, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties (that may cause Norton s actual future results, performance or achievements to be materially different from those expected, planned or intended), recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. Norton does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended. d US disclosure This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any US person as defined in Regulation S under the US Securities Act of 1993 ( Securities Act ). Norton shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers. 2

5 Company overview Description 2 nd largest Australian focused gold producer Norton Gold Fields Limited Board 1050km0k 2 tenement package in world Mark Wheatley André Labuschagne class Kalgoorlie region (Australia) Chairman Managing Director Mark McCauley Tim Prowse Share Price $0.19 Non-Executive Director Non-Executive Director Tim Sun David Franklin Shares on issue 684.8M Non-Executive Director Non-Executive Director Market Cap Options $130M 19.46M (unlisted) Norton Gold Fields Limited Management Anne Bi Allen Wu Non-Executive Director Alternative Non-Executive Director Cash Debt $31M + $20M in cash backed bonds $85M (after $13M tranche 1 from coal) Terry Moylan Paddington Robert Brainsbury Co-Company Secretary General Manager Peter Ruzicka Chief Financial Officer & TBA Enterprise Value $197M Head of Exploration Head of Corporate Development EV / Resource oz EV / Reserve oz Resources / Reserves $35/oz (Peer average = $135/oz) $157/oz (Peer average = $418/oz) Production (oz) FY ,000 FY ,000 to 160,000 Operations Project life 58Moz 5.8Moz / 12Moz 1.2Moz 3.3Mtpa CIP Processing Plant Open Cut and Underground Operations +10 years Shareholders Others 54% Gold Max Asia 13% China Precious Metal 13% Sprott 12% Note: As at 31 December 2010 Australian Dollars 3 Baker Steel 8%

6 Recent milestones HY profit before tax of $12.6M $30M turnaround on Dec 09 HY C1 costs reducing (first half of $871/oz) strong operational focus Coal assets sold for $30M cash now gold focused Homestead U/G Reserve grade up 80% to 10.1g/t Navajo Chief O/C commissioned simplifying operations 4 New direction new results

7 Fundamentals in place for re-rating 5.8Moz Resource (1.2Moz Reserve) with mine life +10 years Large land holding in world class gold province with significant exploration upside 155,000 oz producer and growing Positive cashflow from operations to fund strategy Un-hedged Debt reducing 5 undervalued against peers

8 Peer comparison EV / Resource oz (A$/oz) Average $135/oz NGF 35/oz 6 Source: Hartleys Limited setup for re-rating

9 5 Year Plan: Operations Ounces 200,000 Production Targets (ounces) FY2011 to FY , , , , FY11 FY12 FY13 FY14 FY15 Surface Operations UG Operations Average Grade (g/t) A$/oz $1,400 $1,200 $1,000 $800 C1 & C3 Cost Targets FY2011 to FY2015 $1,144 $1,120 $1,075 $958 $1,005 $600 $400 $924 $922 $860 $748 $802 $200 7 $ FY11 FY12 FY13 FY14 FY15 from C1 Cash Cost 3 key C3 Total projects Cost

10 World class gold province Historical Gold Endowment 100Moz Ora Banda 2 Moz Golden Cities 1 Moz Under explored at depth Only 6% of drilling deeper than 100 metres Carbine Bullant 1.5 Moz Mt Pleasant 4.5 Moz Paddington 1 Moz 58M 5.8Moz in Resource from key projects: Mt Pleasant (Homestead) 1.7Moz Enterprise 1.0Moz Kalgoorlie West 1.7Moz Golden Cities 0.8Moz Kundana 7 Moz Kanowna 6 Moz Golden Mile 70 Moz Exploration strategy t to target t Higher grades eg. Mount Pleasant Regional structures with potential Outside own tenements Kalgoorlie West 2 Moz 8

11 Exploration Target: Mt Pleasant Project All drill holes in Mt Pleasant Project area Drilling > 200 metres depth (with conceptual target areas in red) Quarters Homestead Black Flag Fault Royal Standard Fault Racetrack 4,500,000oz 000oz endowment identified to date Low % of holes deeper than 200 metres 9

12 Primed for Re-Rating Turnaround complete production and costs improving Project pipeline to grow production Exciting exploration portfolio Key player in a world class gold province 10 Value opportunity

13 Mines and Money Conference

14 Competent person statement The information in this report thatt relates to Mineral Resources is based on information compiled by Peter Ruzicka, Andrew Bewsher and Andrew Hawker. The information in this report that relates to Mineral Reserves is compiled by Ian Paynter and Martin Zgrajewski. In some instances material relating to historical resource models is reported, these models have been reviewed and validated under the guidance of Peter Ruzicka. Ian Paynter, Martin Zgrajewski and Peter Ruzicka are full-time employees of Norton Gold Fields Limited and members of the Australian Institute of Mining and Metallurgy. Andrew Bewsher is a member of the Australian Institute of Geoscientists and a full-time employee of BM Geological Services PL, a consulting group to Norton Gold Fields Limited. Andrew Hawker is a member of the Australian Institute of Mining and Metallurgy, and is a consultant to Norton Gold Fields Limited. Messrs. Ruzicka, Paynter, Zgrajewski, Bewsher and Hawker all have sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this report, and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Peter Ruzicka, Ian Paynter, Martin Zgrajewski, Andrew Bewsher and Andrew Hawker all consent to the inclusion in this report of matters based on their information in the form and context in which it appears. 12

15 Reserves & Resources Paddington Resource Statement: Ore Reserve (31 December 2010) Project Proven Probable Total Reserve Mt g/t oz Mt g/t oz Mt g/t oz Enterprise , ,000 Janet Ivy , ,000 Green Gum , ,000 Blue Gum East , ,000 Homestead , , ,000 Navajo Chief , ,000 Rose West , ,000 Golden Flag , ,000 Federal , ,000 Mulgarrie , ,000 Stockpiles , , ,000 Total Reserve , ,113, ,156,

16 Reserves & Resources Paddington Resource Statement: Mineral Resource (includes Ore Reserve) (31 December 2010) Project Measured Indicated Inferred Total Resource Mt g/t oz Mt g/t oz Mt g/t oz Mt g/t oz Havana , , ,000 Enterprise , , ,037,000 Mulgarrie , , ,000 Federal , , ,000 Golden Flag , , ,000 Mt Pleasant , , ,021,000 Rose West , , ,000 Natal , ,000 Janet Ivy , , ,000 Jakarta , , ,000 Green Gum , , ,000 Blue Gum East , ,000 Homestead UG , , , ,000 Tuart UG , , ,000 Lady Bounti ful Extension , , ,000 Fort William , , ,000 Navajo Chief , , ,000 Navajo Chief Low Grade , , ,000 Apache , ,000 Ben Hur (1,2,3) , , ,000 Pitman South , ,000 Walsh , ,000 Walsh North , ,000 Matts Dam , ,000 Porphyry , , ,000 Liberty West , ,000 Stockpiles , , , ,000 Total Mineral Resource , ,919, ,783, ,758,000 14