Proposed acquisition -11-


| "US", "USA" or       | the United States of America, its   | 
| "United States"      | territories and possessions, any    | 
|                      | state of the United States of       | 
|                      | America and the District of         | 
|                      | Columbia and all other areas        | 
|                      | subject to its jurisdiction         | 
+----------------------+-------------------------------------+ 
| "US$", "$" or        | the United States currency unit     | 
| "United States       |                                     | 
| Dollars"             |                                     | 
+----------------------+-------------------------------------+ 
| "VAT"                | UK value added tax                  | 
+----------------------+-------------------------------------+ 
| "Vatukoula Gold      | Vatukoula Gold Mines plc, a company | 
| Mines" or "VGM"      | admitted to trading on AIM (ticker  | 
|                      | symbol VGM)                         | 
+----------------------+-------------------------------------+ 
| "VGG"                | Viso Gero Global Inc                | 
+----------------------+-------------------------------------+ 
| "Voting Record Time" | 6:00 pm on the day which is two     | 
|                      | days before the date of the Court   | 
|                      | Meeting, or if the Court Meeting is | 
|                      | adjourned, 48 hours before the time | 
|                      | set for any such adjourned meeting  | 
+----------------------+-------------------------------------+ 
 
 Exchange rates 
Unless otherwise stated an exchange rate for the conversion from US dollars to 
pounds sterling has been used being the closing spot rate of 1.5601 on 28 July 
2010 (being the last practicable date prior to the printing of this Document). 
 
Appendix 3 
                              ADMISSION STATISTICS 
 
+------------------------------------------------+---------------+ 
|                                                |               | 
+------------------------------------------------+---------------+ 
|                                                |               | 
+------------------------------------------------+---------------+ 
| Number of Existing Ordinary Shares in issue    |   898,087,976 | 
| prior to the Acquisition                       |               | 
+------------------------------------------------+---------------+ 
| Number of Consideration Shares to be issued    |         up to | 
| and allotted pursuant to the Acquisition       |  750,000,000* | 
+------------------------------------------------+---------------+ 
| Number of Ordinary Shares in issue immediately | 1,646,586,957 | 
| following completion of the Acquisition and    |               | 
| Admission                                      |               | 
+------------------------------------------------+---------------+ 
| Consideration Shares as a percentage of the    |        45.51% | 
| Enlarged Share Capital                         |               | 
+------------------------------------------------+---------------+ 
| Market capitalisation of the Company following | GBP16,465,870 | 
| completion of the Acquisition (at the Purchase |               | 
| Price)                                         |               | 
+------------------------------------------------+---------------+ 
| Number of outstanding options over Ordinary    |   186,300,000 | 
| Shares on Admission                            |               | 
+------------------------------------------------+---------------+ 
| AIM symbol (on Admission)                      |           OTC | 
+------------------------------------------------+---------------+ 
| International Security Identification Number   |  VGG8755P1071 | 
| ("ISIN")                                       |               | 
+------------------------------------------------+---------------+ 
|                                                |               | 
+------------------------------------------------+---------------+ 
 
*   This includes 1,501,019 Ordinary Shares to be issued on exercise of certain 
warrants over shares in Ortac. All the other numbers on this page do not assume 
the exercise of that warrant. 
 
                     EXPECTED TIMETABLE OF PRINCIPAL EVENTS 
+--------------------------------------------+------------------+ 
|                                            |                  | 
+--------------------------------------------+------------------+ 
| Publication of this Document               |     30 July 2010 | 
+--------------------------------------------+------------------+ 
| Latest time and date for receipt of Forms  |    10 a.m. on 16 | 
| of Instruction                             |      August 2010 | 
+--------------------------------------------+------------------+ 
| Latest time and date for receipt of Forms  |    10 a.m. on 17 | 
| of Proxy                                   |      August 2010 | 
+--------------------------------------------+------------------+ 
| General Meeting                            |    10 a.m. on 19 | 
|                                            |      August 2010 | 
+--------------------------------------------+------------------+ 
| Effective Date of the Scheme               |     15 September | 
|                                            |             2010 | 
+--------------------------------------------+------------------+ 
| Admission of the Enlarged Share Capital    |     15 September | 
| and dealings expected to commence on AIM   |             2010 | 
+--------------------------------------------+------------------+ 
| CREST accounts credited by                 |     15 September | 
|                                            |             2010 | 
+--------------------------------------------+------------------+ 
| Despatch of definitive certificates by     |     30 September | 
|                                            |             2010 | 
+--------------------------------------------+------------------+ 
 
Unless expressly stated otherwise, all future times and dates referred to in 
this Document are subject to change at the discretion of the Company and 
Beaumont Cornish Limited and shall be BST. 
 
Appendix 4 
 
ACCOUNTANTS' REPORT ON TEMPLAR MINERALS LTD's ACCOUNTS FOR THE 9 MONTHS ENDED 31 
MARCH 2010 
                          Templar Minerals Ltd 
Ogier House 
St Julian's Avenue 
St Peter Port 
Guernsey 
GY1 1WA 
 
Beaumont Cornish Ltd 
2nd Floor, Bowman House 
29 Wilson Street 
London 
EC2M 2 SJ 
 
 
                           30 July 2010 
 
Dear Sirs, 
 
     TEMPLAR MINERALS LTD ("TEMPLAR" OR THE "COMPANY") AND ITS SUBSIDIARIES 
                             (TOGETHER THE "GROUP") 
 
Introduction 
We report on the financial information set out in Part IV Section A(ii) which 
has been prepared for inclusion in the Admission Document dated 30 July 2010 of 
the Company (the "Admission Document") on the basis of the accounting policies 
set out in the financial information.  This report is required by Schedule Two 
to the AIM Rules for Companies and is given for the purpose of complying with 
the AIM Rules for Companies and for no other purpose. 
 
Responsibility 
As described in Part IV Section A(ii) of the Admission Document, the Directors 
of the Company are responsible for the preparation of the financial information 
on the basis set out in Note 1 of the financial information and in accordance 
with applicable International Financial Reporting Standards as adopted by the 
EU. 
 
It is our responsibility to form an opinion on the financial information as to 
whether the financial information gives a true and fair view, for the purposes 
of the Admission Document, and to report our opinion to you. 
 
The financial information has been based on the audited financial statements of 
the Group for the periods ending 31 March 2008, and 30 June 2009, to which no 
adjustments were considered necessary, and the financial records of the Group 
for the period ending 31 March 2010. 
 
 
 
 
 
Basis of opinion 
We conducted our work in accordance with the Standards for Investment Reporting 
issued by the Auditing Practices Board in the United Kingdom.  Our work included 
an assessment of evidence relevant to the amounts and disclosures in the 
financial information.  It also included an assessment of significant estimates 
and judgements made by those responsible for the preparation of the financial 
statements underlying the financial information and whether the accounting 
policies are appropriate to the entity's circumstances, consistently applied and 
adequately disclosed. 
 
We planned and performed our work so as to obtain all the information and 
explanations which we considered necessary in order to provide us with 
sufficient evidence to give reasonable assurance that the financial information 
is free from material misstatement whether caused by fraud or other irregularity 
or error. 
 
Opinion 
In our opinion, the financial information gives, for the purposes of the 
Admission Document, a true and fair view of the state of affairs of the Group as 
at the dates stated and of its results for the periods then ended in accordance 
with the basis of preparation set out in Note 1 to the financial information and 
has been prepared in accordance with applicable International Financial 
Reporting Standards as adopted by the EU as described in Part IV Section A(ii). 
 
Declaration 
For the purposes of Schedule Two to the AIM Rules for Companies, we are 
responsible for this report as part of the Admission Document and declare that 
we have taken all reasonable care to ensure that the information contained in 
this report is, to the best of our knowledge, in accordance with the facts and 
contains no omission likely to affect its import.  This declaration is included 
in the Admission Document in compliance with Schedule Two to the AIM Rules for 
Companies. 
 
Yours faithfully, 
 
 
 
 
Chapman Davis LLP 
Chartered Accountants 
 
 
 
ACCOUNTANTS' REPORT ON THE GROUP'S PRO-FORMA NET ASSETS STATEMENT AS AT 31 MARCH 
2010
Templar Minerals (LSE:TMP)
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