Ballarat Goldfields is an Australian gold explorer and developer, with a strong
portfolio of projects primarily focused on the highly prospective Ballarat gold
province in Victoria.

Situated in one of the most famous historical gold mining regions of Australia,
Ballarat produced over 12 million ounces before it's premature closure, around
the time of the first world war.

In 2004, for the first time following discovery in the 1850's, the leases over
the entire Ballarat field were consolidated under the sole ownership of BGF.
This has resulted in the company constructing a comprehensive geological model
of the entire field, demonstrating what many had suspected, that Ballarat had
massive unexplored prospectivity.

BGF completed a pre-feasibility study in 2004 which proposed an initial
underground mine at Ballarat East, with twin access declines servicing the
haulage and ventilation. The mine, based on BGF's geological model, has a life of 21 years, and would achieve an average production rate of approximately
200,000 ounces of gold per annum.

Website For Own Research
http://www.ballarat-goldfields.com.au

Top 20 Ordinary Shareholders Hold 69.66% of Issued Capital: 5th July 2006

Diggers & Dealers - Investor Presentation ASX and Media Release: 9th August 2006

Ballarat-Goldfields Annual Report2006

Ballarat East Revised Development Strategy ASX and Media Release: 7th September 2006

Ballarat Goldfields N.L.
12 February 2007

BALLARAT GOLDFIELDS NL
ASX and Media release: 12 February 2007


Ballarat Goldfields Shareholders Vote in Favour

of Proposed Scheme of Arrangement


The following information regarding the result of the resolutions considered at
the Ballarat Goldfields (ASX, AIM: BGF) Scheme Meeting is provided in accordance
with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001
(Cth) (Act).

The shareholders of Ballarat Goldfields NL today voted in favour of a resolution
proposing agreement to the Scheme of Arrangement with its shareholders
(excluding Lihir Australian Holdings Pty Ltd) for the merger of Ballarat
Goldfields NL with Lihir Gold Limited. Accordingly, Ballarat Goldfields NL will
seek the approval of the Supreme Court of Victoria for the Scheme at a Court
hearing on 23 February 2007.


If the Court approves the Scheme then ASX will be advised immediately. The
Scheme Effective date is expected to be 26 February 2007 and trading in Ballarat
Goldfields NL securities will cease. The record date for determining Scheme
entitlements will be 5 March 2007.


Scheme Meeting - Resolution 1.

The resolution was carried on a poll, with:

95.87% of shareholders present and voting at the Share Scheme Meeting (in person
or by proxy) voting for the resolution - being greater than the requirement for
a majority in number (more than 50%); and

94.10% of the total number of votes cast on the resolution by shareholders
entitled to vote voting for the resolution, being greater than the requirement
for at least 75%.

The detailed result of the poll was:
Total For Against % For
Votes Cast 651,410,018 612,981,106 38,428,912 94.10%
Shareholders voting 2,180 2,090 90 95.87%

In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the
Corporations Act, we advise that proxy votes received for the meeting were as
follows:
Total For Against Open % For
Votes Cast 667,722,675 582,848,048 38,258,028 46,616,599 87.29%

For further information, please visit our website
www.ballarat-goldfields.com.au