8.65 million capital injection

...Capital Injection of $8.65 million by RAB Capital Plc.
The Company is pleased to report to shareholders today that RAB Special Situations
(Master) Fund Limited has today exercised its right to convert all outstanding options
in the Company currently owned by RAB. The early conversion will result in a capital
injection of $8.65 million into the Company’s cash reserve and is a clear vote of
confidence in Andrew Forrest and his upcoming re-organisation of the Company’s
management.
The funds injected will be utilised to further expedite and expand activities at the
Windarra Nickel Project.
For and on behalf of
NIAGARA MINING LIMITED

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