iShares Gold Trust (the Trust), formerly iShares COMEX Gold Trust, is a grantor trust. The purpose of the Trust is to own gold transferred to the Trust in exchange for shares issued by the Trust. Each share represents a fractional undivided beneficial interest in the net assets of the Trust. The Trust seeks to correspond generally to the day-to-day movement of the price of gold bullion. The objective of the Trust is for the value of the iShares to reflect, at any given time. The Trust creates and redeems shares on a continuous basis but only in Baskets of 50,000 Shares. The sponsor of the Trust is BlackRock Asset Management International Inc. (the Sponsor). The trustee of the Trust is The Bank of New York Mellon (the Trustee). Only registered broker-dealers who have entered into written agreements with the Sponsor and the Trustee (each, an Authorized Participant) can deposit gold and receive Baskets of Shares in exchange. A basket consists of 50,000 shares.