31 March 2010 DMC Appoints RBC Capital Markets as Corporate Advisor Australian iron ore company DMC Mining Limited (ASX: DMM) (DMC or the Company) is pleased to report that Royal Bank of Canada (RBC), operating as RBC Capital Markets has been appointed as Corporate Advisor to DMC with respect to the unsolicited takeover offer of A$0.40 per DMC share announced by Cape Lambert Resources Limited (Cape Lambert) on 23 March 2010. Cape Lambert has announced it is in the process of preparing a formal Bidders Statement which will be lodged with the Australian Securities Exchange and Australian Securities and Investments Commission in the near future. The directors of DMC, and its advisors, will carefully consider that document before providing a formal response and at this stage advise that shareholders take no action. RBC will advise DMC on the development of strategies to maximize shareholder value and how DMC should respond to Cape Lamberts takeover offer, and any subsequent offers that may arise. About Royal Bank of Canada and RBC Capital Markets The Royal Bank of Canada (RBC) operates in 55 countries, employs approximately 77,000 full and part-time employees and serves 18 million personal, business, institutional and government clients. RBC, with a market capitalisation of approximately C$85 billion, is one of the worlds largest financial services institutions, providing personal and commercial banking, wealth management, insurance, corporate and investment banking and transaction processing services, on a global basis. RBC Capital Markets is a leading global investment bank which provides a focused set of products and services across the full debt to equity spectrum and across all industry groups. About DMC Mining Limited DMC Mining Limited (ASX:DMM) is a Perth based resources company. Its principal asset, currently held through its 80% owned subsidiary, is the Mayoko Iron Ore Project in the Republic of Congo (ROC), where it has established an exploration target size of 0.9 1.3 billion tonnes1 of dominantly itabirite iron mineralisation. The Mayoko project has some significant infrastructure benefits. DMC has completed an access agreement for use of the Mayoko to Point Noire Rail Line during the exploration phase of the Project. The rail line passes within 2.2km of the Mt Lekoumou deposit and connects directly to the wharf at the deep-water port of Pointe Noire. In addition, DMC has also completed a Memorandum of Understanding (MOU) with the Port Authority of Pointe Noire (PAPN). Under the MOU, DMC can undertake assessment and design of infrastructure required to export iron ore from the existing port or other areas nearby owned and operated by PAPN. ENDS
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