Ann: Extension of Copper Gold Mineralisation at Trafalgar, page-2

The transfer of the Joint Venture between Japan Oil, Gas and Metals National Corporation (“JOGMEC") and Sumitomo Metal Mining Oceania Pty. Ltd. (“SMMO” has been completed

• Aggressive work program and budget for the JV is agreed with SMMO and includes further exploration and drilling along the 4km Trafalgar trend

• Downhole Electromagnetic (“DHEM”, ground electromagnetic, gravity and soil geochemistry surveys commenced last week

• Follow up drilling along the Trafalgar trend planned to commence in mid- late October