21 February 2008
ASX Announcement
Drilling Update
The Directors of Carnavale Resources Limited advise that drilling at the Parmegiana Iron Ore
project in Brazil has been temporarily suspended due to adverse weather conditions, namely
excessive rain and flooding which have caused the site to become dangerous and unsuitable for
drilling.
At this stage, it is expected that the drilling campaign will recommence in mid March 2008, subject
to favourable weather conditions.
Assay results from drilling carried out at the the Parmegiana Iron Ore project and the Frei Martinho
Molybdenum project in December 2007 and January 2008 are expected in mid March 2008.
Yours faithfully,
Paul Jurman
Company Secretary
For further information in respect of Carnavale, please contact:
Ron Gajewski Klaus Eckhof Jill Thomas or David Tasker
Director Director Investor Relations
Tel: +61 8 9240 6876 Tel: +61 411148209 Tel: +61 8 9388 0944
Email: [email protected] Email: [email protected] Email: [email protected]
Carnavale Resources website: www.carnavaleresources.com.au.
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