Holding(s) in Company

Golden Prospect Precious Metals Ltd
12 July 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 
-------------------------------                  --------------------
1. Identity of the issuer or the underlying      Golden Prospect
issuer of existing shares to which voting rights
are attached(1):
                                                 Precious Metals Limited
                 ------------------------------- --------------------
2. Reason for the notification (please tick the appropriate box or
boxes)                                                                   -------
--------------------------------------------
An acquisition or disposal of voting rights                             
--------------------------------------------                             -------
An acquisition or disposal of financial instruments which may result in 
the acquisition of shares already issued to which voting rights are      -------
attached
--------------------------------------------
An event changing the breakdown of voting rights                        
--------------------------------------------                             -------
Other (please specify): Initial Notification                             X
--------------------------------------------                             -------
3. Full name of person(s) subject to the         Allianz SE
notification obligation(1):                      --------------------
-------------------------------
4. Full name of shareholder(s) (if different     Allianz Cornhill Insurance PLC
from 3.)(1):                                     --------------------
-------------------------------
5. Date of the transaction (and date on which
the threshold is crossed or reached if           --------------------
different)(1):
-------------------------------
6. Date on which issuer notified:                12 July 2007
-------------------------------                  --------------------
7. Threshold(s) that is/are crossed or
reached:                                                    3%
-------------------------------                  --------------------
8. Notified details:
-------------------------------                  --------------------







A: Voting rights attached to shares
Class/type   Situation previous   Resulting situation after the triggering
of shares    to the Triggering    transaction(1)
             transaction (1)
if possible
using the    Number Number of     Number of  Number of voting    % of voting
ISIN CODE    of     Voting Rights shares     rights ix           rights
             Shares viii
                                  Direct     Direct x   Indirect Direct  Indirect
                                                        xi
GG00B1G9T992                       400,000    400,000             3.09%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   date xiii  Conversion      be acquired if the instrument is  voting
instrument             Period/ Date    exercised/ converted.             rights
                       xiv


Total (A+B)
Number of voting rights                      % of voting rights

       400,000                                      3.09%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:

Allianz SE is the ultimate holding company of Allianz Holdings plc which is a
holding company of Allianz Cornhill Insurance Plc. The shares in Allianz
Holdings Plc are held by Allianz UK Limited, which is a 66.7% owned subsidiary
of Allianz Europe Limited ('Allianz Europe'). The other 33.3% of shares in
Allianz UK Limited are owned by Allianz Liebensversicherungs GmbH, which is
itself an indirect subsidiary of Allianz SE. Allianz Europe is an 85% owned
subsidiary of AZ-Argos 10 Vermogensverwaltungsgesellschaft GmbH which in its
turn is a wholely owned subsidiary of Allianz SE. Allianz SE is also the owner
of the other 15% of Allianz Europe.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:                                      Irina Daniel

15. Contact telephone number:                          020 7475 5617




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