CERRO CORONA MINE

Investor PresentationCerro Corona, Hualgayoc

July 9, 2008

Gold Fields First Foot Print in South America

“Creating Value Through Regional Diversification”

2

Introduction SAFETY

Alarm will sound and announcement made

Evacuate building through exit points

Congregate outside EPCM building where safety wardens will provide further information

In Case Of Emergency …..

3

Introduction Cautionary Statement

This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This presentation does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any securities referred to herein. The capital raising and other information in connection with the capital raising in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) unless they are registered under the Securities Act or pursuant to an exemption from registration. No public offer of the securities is being made in the United States.This document is not an offer of securities for sale in any jurisdiction. Certain statements in this presentation constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934.Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance orachievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: overall economic and business conditions in South Africa, Ghana, Australia, Venezuela and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; the success of exploration and development activities; decreases in the market price of gold; the occurrence of hazards associated with underground and surfacegold mining; the occurrence of labor disruptions; availability, terms and deployment of capital; changes in relevant government regulations, particularly environmental regulations and potential new legislation affecting mining and mineral rights; fluctuations in exchange rates, currency devaluations and other macroeconomic monetary policies; and political instability in South Africa, Ghana, regionally in Africa or in Venezuela. These forward looking statements speak only as of the date of this document.Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

4

AGENDA

• Cerro Corona: key for GFL Strategy

• Operational Overview

• Community and Social Strategy

5

Operating minesDeveloping mine

Production: ~4 moz Reserves: 92moz Resources: 252moz Mines: 9

PeruCerro Corona

GhanaTarkwaDamang

South AfricaDriefonteinKloofBeatrixSouth Deep

AustraliaSt IvesAgnew

Simple corporate structureDiversified - 40% EBITDA from outside SAUnhedged

.

Liquid - 100% free floatDaily volume 8 million sharesListed on the NYSE, JSE, DFIX

STRATEGY The Gold Fields Franchise

6

Securingthe Future

Operational Excellence

Growing Gold Fields

STRATEGY Growth Strategy

AGGRESSIVE INTERNATIONAL GROWTHAGGRESSIVE INTERNATIONAL GROWTH

Notional Cash Expenditure

FreeCash Flow

Margin Growth

UNHEDGED

Maintain the Franchise of Few, Large, High Quality Assets

BUT Also Smaller Projects For Exceptional Returns

Leverage Existing Positions

Strategic Alliances With Juniors

Targeted US$100m Exploration Programme

Growth Focused In Four Regions

SAFETY!

7

Operating minesDeveloping mine

Production: 4 moz Reserves: 92moz Resources: 252moz Mines: 9

PeruCerro Corona

GhanaTarkwaDamang

South AfricaDriefonteinKloofBeatrixSouth Deep

.

STRATEGY South America: Driver of Growth

Target:1 moz

Current375koz

Target:1 moz

Target:1 moz

AustraliaSt IvesAgnew

Base load:2 moz

8

STRATEGY South America Expansion Strategy

HIGH POTENTIAL FOR GROWTHHIGH POTENTIAL FOR GROWTH

Phase II:Growing CCJV with BVN

(Consolidada Hualgayoc)

Phase III:Regional Expansion

Phase I: Cerro Corona (CC)

• First shipment in 1Q FY09

• Production: 375k eq oz per year

• Increasing CC reserve base –potential for 10.1M oz equivalent reserves (resource conversion)

• Focus: Consolidada de Hualgayoc

• Expanding within South America

• North / Central America

• Greenfields exploration + JVs / M&A

Delivered September In Progress Early Stage

9CERRO CORONA ON TRACK CERRO CORONA ON TRACK

Key Milestones

Mechanical Work Completed for all main Areas

Power line and Cerro Corona Substation completed and energized

TMF embankment for start-up completed; water supply guaranteed

Pre-commissioning completed

Transition to operations completed – required permits obtained

Commercial contracts signed

Cerro Corona Cerro Corona –– Project StatusProject Status

10SHIPMENTS: Q1 FY 09SHIPMENTS: Q1 FY 09

START-UP SCHEDULE

Commissioning by mid July

Rock in the plant by mid July

TMF Completion Phase I – August / Starter Level Ready

Full production capacity by December

Shipping Concentrates – Late August / Early September

Cerro Corona Cerro Corona –– Start Up ScheduleStart Up Schedule

11CERRO CORONA WILL DELIVER VALUECERRO CORONA WILL DELIVER VALUE

Key Performance

IndicatorsUnit Ops Plan FY09 Average Yearly

Life of Mine

Ounces produced Equivalent koz 356 ~375

Au produced k oz 142 ~140

Cu produced k tm 28 ~25

Cash Cost US$/oz 340 ~330

Sustaining Capital US$/oz 226 ~50

All-in Cost (NCE) US$/oz 586 ~400

Operating Margin % 54 ~50

Cerro Corona Cerro Corona –– Key Performance IndicatorsKey Performance Indicators

12

2,800

3,219 3,2293,121

1,066

1,510 1,529 1,546

55

101 10496

0

20

40

60

80

100

120

500

1,000

1,500

2,000

2,500

3,000

3,500

Q1

F200

9

Q2

F200

9

Q3

F200

9

Q4

F200

9

eq k

oz

000

t

Mined Milled Au eq oz

Production Ramp up Summary Production Ramp up Summary –– FY 09FY 09

F2009: 356k eq oz produced (Au: 142k oz, Cu: 214k eq oz)F2009: 356k eq oz produced (Au: 142k oz, Cu: 214k eq oz)

13READY FOR A SUCCESSFUL STARTREADY FOR A SUCCESSFUL START--UPUP

Cerro Corona Cerro Corona –– Main ChallengesMain Challenges

• Successful transition from project to operation and production ramp up

• Manage construction of Tailings dam within cost limitations and timelines

• Production costs optimization

• Maintain a stable relationship with communities

• Successful delivery of concentrate to smelters

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SOUTH AMERICA SOUTH AMERICA –– HIGH PROSPECTIVE BELTSHIGH PROSPECTIVE BELTS

40°0'0"W50°0'0"W60°0'0"W70°0'0"W80°0'0"W

10°0'0"N

0°0'0"

10°0'0"S

20°0'0"S

30°0'0"S

40°0'0"S

50°0'0"S

Chile Central Subprovince

Peru North Subprovince

• Two highly prospective belts in South America:

- Northern Peru

- Central Chile

• Porphyry and epithermal style Au/Cu mineralization

• Actively exploring the area through regional exploration and opportunistic approach

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Consolidada Hualgayoc JV Consolidada Hualgayoc JV -- Location & StatusLocation & Status

• Highly endowned area: 185 M oz Au

• 50:50 JV - GF La Cima & Buenaventura

• JV commenced F2005

• 13,900 hectares

• GF spend: US $2.25M

• 9,300 meters drilled

• 3 targets tested

76° W78° W80° W

4° S

6° S

10° S

EQUADOR

PERUPERUPERUPERU

GBAR – Northern Peru Polygon

A Lima

Huarmey

Huaraz

Lagunas Norte

La Arena

Poderosa

Buldibuyo

Pierina Antamina

Hualgayoc JVCerro Corona

Minas Conga

Sipan

Minas Santa Rosa

Rio Blanco

La Zanja

MichiquillayYanacocha

Cañariaco

La Granja

La Virgen

8° S

Chiclayo

Trujillo

Pacasmayo Cajamarca

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Pan de AzucarPan de Azucar

FirenzeFirenze

Tres CrucesTres Cruces

Titan Titan -- ArabeArabeCº JesusCº Jesus

Las VenadasLas Venadas

PujupePujupe

QuijoteQuijote

Cerro CoronaCerro Corona

LolaLola

0

4 Km

2 4

Targets drilled

Targets AFE 3

Other Targets

Consolidada Hualgayoc JVConsolidada Hualgayoc JVAirborne Magnetics & Target LocationsAirborne Magnetics & Target Locations

RTP Mag

Mining Concession

GFLCColquirrumi

Corona Project

(JV)

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Americas Region Americas Region –– Gold Fields ProjectsGold Fields Projects

Denver

Santiago

Hualgayoc JV

DR JV

Redstar JV

Active SBX JV

Garrafao JV

Tapajos

Disposals

Lima

Vancouver

Offices

Mexico Generative

N & S Peru Generative

Canada Generative

18

3

2

0

1

5

4

6

24

7

18

19

10

11

15

8

20

9

16

12

23

13

22

1721

14

20°

30°

40°

50°

10°

0°

10°

80° 70° 60° 50° 40°

Chile Centralsubprovince

South America South America –– Chile Central SubprovinceChile Central Subprovince

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26°0

'0"S

28°0

'0"S

30°0

'0"S

32°0

'0"S

LF

VA

AC

BA

F

PL

V

30°

28°

26°

Maricunga belt

El Indio belt

70° 68°P€-Paleozoic rocksJr intrusivesKr intrusivesJr volcanic-sedimentary rocksKr volcanic-sedimentary rocksTt volcanic-sedimentary rocksQt volcanic-sedimentary rocks

Chile CentralSubprovince+90 M oz

SBX JOINT VENTURE

19

440 520

7000

7080

7160

Refugio

Volcan

Isla

La Falda

40 km La Pepa

Puren

Esperanza

Marte-Lobo

La Coipa

SBX JV

Valle Ancho

Project Endowment (Moz)

La Coipa-Puren 3.7 Au, 178 Ag

Marte – Lobo 7.9 Au

Volcan 7.1 Au

Refugio 8.1 Au

4 projects to be advancedand drill tested in 2008/09.

Chile Maricunga Belt Chile Maricunga Belt –– Exploration ProjectsExploration Projects

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Introduction

AGENDA

• Cerro Corona: key for GFL Strategy

• Operational Overview

• Community and Social Strategy

21

Management Reviews

Verification and Corrective / Preventive

Actions

Implementation and Operation

Planning

Safety and Occupational Health

Policy

Continuous Improvement

SAFETY AND HEALTH MANAGEMENTSAFETY AND HEALTH MANAGEMENT

Safety and Occupational Health SystemElements for a Successful Management

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HEALTH AND SAFETY FIRST

LDI/MTI Frequency Rate

20.818.8

16.714.6

0

5

10

15

20

25

Q1 2009 Q2 2009 Q3 2009 Q4 2009

Frequency Rate

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ROM PAD – June 08

24

CERRO CORONA PIT – June 08

25

Total F2009:

12,368 kt

0

400

800

1,200

1,600

2,000

2,400

2,800

3,200

3,600

Qtr1

Qtr2

Qtr3

Qtr4

Oxide Sulphide Waste

2,800 kt

3,219 kt 3,228 kt3,121 kt

25%

10% 13%3%

37%

42% 40%46%

38%

48%47%

50%

MINE PRODUCTION – FY 09

26

ORE STOCKPILE – JUNE 08

27

MINING FLEET

Loading Tools

1 Loader CAT 994

1 Shovel Terex RH-120

MA: 85% / Usage: 75%

Trucks

6 Trucks CAT 785

4 Trucks Komatsu 330M

MA: 85% / Usage: 75%

Drill Rigs

2 IR DM-45

1 Pantera Sandvick (for pre-splitting)

MA: 90% / Usage: 60%

AncillaryFleet

MA Usage

01 Dozer D8 84% 45%

01 Dozer D9 84% 45%

02 Graders 140 87% 52%

03 Loader CAT 988* 89% 66%

01 Excavator 330 90%

* (02 coming in July 08)

CONTRACT MININGFive year contract

with Minera San Martin

28

PROCESS FACILITIES – Jun 08

29

Total F2009:

5,650 kt

0

250

500

750

1,000

1,250

1,500

1,750

Qtr1

Qtr2

Qtr3

Qtr4

Mixed Supergene Hypogene

1,065 kt

1,510 kt 1,529 kt 1,546 kt

74%

22%32%

28%

23%66%

58%

54%

3%

12% 10% 17%

PLANT TREATMENT – FY 09

30

PLANT RAMP UP

RAMP UP

8500

1275013600

15300

17000

50% 75% 80% 90% 100%

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

Jul Aug Sep Oct Nov

MONTH

TON

S / D

AY

31

PRODUCTION PROFILE - CONCENTRATE PRODUCED

Total F2009:

118.6 kt

0

5

10

15

20

25

30

35

40

45

Qtr1

Qtr2

Qtr3

Qtr4

AU g/t

43.7

AU g/t

37.1

AU g/t

33.9 AU g/t

44.6

18.4 kt

35.1 kt37.0 kt

28.1 kt

32

PRODUCTION PROFILE - METALS PRODUCED

Total F2009:

356 Equivalent koz

24

40 37 42

31

61 67 54

0

20

40

60

80

100

120Q

tr1

Qtr2

Qtr3

Qtr4

Gold koz Copper Equiv Koz

33

PANAMERICANA

LA ZANJA

SIPAN

CERRO NEGRO SAN JOSE

C. CARACHUGO

MAQUI MAQUI

YANACOCHA

TANTAHUATAY

CERRO CORONA

LOS PIRCOSSANTA CRUZ

CHOTA

BAMBAMARCA

HUALGAYOC

EL EMPALME

CAJAMARCA

CHILETESalaverryPort

403 KmTotal

129 KmPacasmayo - Salaverry

190 KmCajamarca - Pacasmayo

84 KmCerro Corona- Cajamarca

403 KmTotal

129 KmPacasmayo - Salaverry

190 KmCajamarca - Pacasmayo

84 KmCerro Corona- Cajamarca

PACASMAYO

CONCENTRATE SHIPMENTS THROUGH SALAVERRY

34

Ship loader under commissioning

Target deadline July 30th

SALAVERRY PORT INFRASTRUCTURE

35

CAPITAL EXPENDITURE - $M

576 2

15 80

0

20

40

60

80

100S

usta

inin

gC

apita

l

Ram

p-up

Cap

italis

edin

tere

st

Pro

ject

com

plet

ion

Tota

l

36

• EIA approved by the MEM

• Preventive measures to mitigation and compensate potential environmental impacts for every stage of the Project: Construction, Operation and Closing

• Compliance with the Cerro Corona EIA commitments

• The EMP was implemented since the beginning of the Operation stage

EIA – ENVIRONMENTAL MANAGEMENT PLAN (EMP)

37

• Environmental Management System Implementation – ISO 14001 (2004)

• Environmental Emergency Response System

• Implementation of the Awareness and Preparedness of Response to EmergenciesProgram to Local Level (APELL)

• Environmental audits

• Geotechnical Testing

ENVIRONMENTAL MANAGEMENTENVIRONMENTAL MANAGEMENT

KEY ACTIVITIES

38

AGENDA

• Cerro Corona: key for GFL Strategy

• Operational Overview

• Community and Social Strategy

39

Cerro Corona Mine site 2004

40

Cerro Corona Mine site 2007

41

Cerro Corona Mine site 2008

42

GENERAL PERCEPTION ABOUT MINING

SOUNDS FAMILIAR?

• It contaminates; damages the environment• Government supports only mining companies• Doesn´t make any positive impact in the local

economy. Only take away• Doesn´t promote any development• No transparency• Not compatible with any other productive

activity, as for example agriculture

43

Community of El Tingo2004 – WHERE THE STORY BEGINS

44

So….. WHAT COULD THE PROBLEM BE?SOME IDEAS:

Political Perspective

• Presence of Government

• Existence of big impacts and socialconflicts, Government's national strategy?Ministry of Environment... Excludes mining!

• Private actions

• Free space for anti mining actions

• Does it worth to talk about “CANON” FromNational to District level…. Andcommunities where the project takesplace?

• Voluntary Contribution

45

Social Perspective:

• Who is visiting who? Concession vsLand

• We look for immediate results:SOCIAL LICENSE

• Social Base Line, what is it for?• Everything has to do with Perception• Common Denominators: do not be

exposed• Expectations over 3,000 mts• Is it enough to comply with the law?• Little information about benefits mining

provides, changing strategies• NGO´s point of view• Use the bridge!

So….. WHAT COULD THE PROBLEM BE?SOME IDEAS:

46

WE FOLLOWED THE GF WAY !“SECURING THE FUTURE”- Social programs: an investment not a cost

- Open dialogue

- Coexists with other economic activities like agriculture, cattle, tourism, among others

- Large investment to develop

- Creates labor opportunities, carefully

- Complies with regulations, keep an eye on 042-2003-EM

- Is formal and pays taxes

- Is subject to permanent supervisions and inspections

47

But…TRUST IS EASILY DESTROYED

• Keep people informed

• Make Commitments In Good Faith

• Fulfill All Commitments in a timely manner

48

CERRO CORONA MINE

Gold Fields First Foot Print in South America

“Creating Value Through Regional Diversification”

Investor PresentationCerro Corona, Hualgayoc

July 9, 2008