Form of Proxy

TARUGA MINERALS LTD.

Notes

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	RATIFY PAST ISSUANCE OF 18.62 MILLION PLACEMENT SHARES TO A RANGE OF SOPHISTICATED AND PROFESSIONAL INVESTORS
2	RATIFY PAST ISSUANCE OF 71.38 MILLION PLACEMENT SHARES TO A RANGE OF SOPHISTICATED AND PROFESSIONAL INVESTORS
3	APPROVE ISSUANCE OF DIRECTOR PLACEMENT SHARES TO ERIC DE MORI
4	APPROVE ISSUANCE OF DIRECTOR PLACEMENT SHARES TO PAUL CRONIN
5	RATIFY PAST ISSUANCE OF VENDOR PERFORMANCE RIGHTS TO METAL MINING PNG PTY LTD AND EXPLORATION & MANAGEMENT CONSULTANTS PTY LTD
6	APPROVE ISSUANCE OF BROKER OPTIONS TO DISCOVERY CAPITAL LIMITED
7	APPROVE ISSUANCE OF SHARES IN LIEU OF DIRECTORS FEES TO PAUL CRONIN
8	APPROVE ISSUANCE OF SHARES IN LIEU OF DIRECTORS FEES TO ERIC DE MORI
9	APPROVE ISSUANCE OF SHARES IN LIEU OF DIRECTORS FEES TO DAVID CHAPMAN
10	APPROVE ISSUANCE OF INCENTIVE OPTIONS TO PAUL CRONIN
11	APPROVE ISSUANCE OF INCENTIVE OPTIONS TO ERIC DE MORI
12	APPROVE ISSUANCE OF INCENTIVE OPTIONS TO DAVID CHAPMAN
13	APPROVE ISSUANCE OF INCENTIVE OPTIONS TO DANIEL SMITH
14	APPROVE ISSUANCE OF INCENTIVE OPTIONS TO BRENT LAWS