ann out, page-2

COMPANY PRESENTATION INCLUDING INFORMATION REGARDING
COMMENCEMENT OF THE MINE PLANNING STAGE
Please find attached a copy of the presentation that will be made by
Peninsula Minerals Limiteds Executive Chairman Gus Simpson to a series of
European institutional investors over the next week.
The presentation contains information not previously released, specifically the
commencement of mine planning at the Lance Projects comprising Grade-
Thickness (GT) contour modelling and detailed geological interpretation.

I think that says it all.

but nice to see:

!! May 2010: pre-feasibility study completed !!
Dec 2010: 15mlbs+ JORC compliant indicated
resource
Dec 2010: submit final licence application
Jan 2011: full feasibility study completed
Feb 2011: decision to mine
Mar 2012: yellowcake production commences at the
Ross Project