Ann: Flamingo- Significant Maiden Inferred Resour, page-4

re: Ann: Flamingo- Significant Maiden Inferre... More drilling to start in April....



Flamingo - Significant Maiden Inferred Resource
Flamingo Project (QMC 100%), Cloncurry, Queensland
Highlights

Maiden Inferred Resource estimate at shallow depth below surface (maximum
depth of 60m) of 117,000 tonnes @ 6.0 % Cu and 1.8 g/t Au.

Additional target with ranges of 100,000 150,000 tonnes @ 2 4 % Cu and 1 2
g/t Au identified based on drilling data completed by QMC in 2009 and historical
drilling undertaken by Mount Isa Mines (now Xstrata).

The Inferred Resource is open along strike and at depth and a conceptual target
outside of the current range of drilling has also been identified between 200,000
300,000 tonnes @ 2 4 % Cu and 1 2 g/t Au.
2,500 metres of follow up drilling is scheduled to commence in April 2010 and
this planned drilling has been directed to increasing both the size of the resource
and the level of confidence as well as testing the other target areas.

In conjunction with the resource drill-out, metallurgical samples will be collected
and sent for flotation test work.

Queensland Mining Corporation Limited (ASX: QMN) is pleased to announce the results of a
maiden resource estimate at its Flamingo copper-gold project, located north of Cloncurry in
northwest Queensland (Appendix 1).
The resource estimate at the Flamingo copper-gold project is based on drilling data completed
by QMC in 2009 and historical drilling undertaken by Mount Isa Mines (now Xstrata), in
1994 (Appendix 2). Mineralisation has been identified over a length of 300 metres and
remains open along strike and at depth.


QMCs Managing Director Howard Renshaw said, Management was always very confident
about the potential of the Flamingo copper-gold project and this first pass Inferred Resource
estimate clearly supports this view. QMC believes these results provide evidence that this
resource has potential to offer short term cash flow for the company and offers significant
opportunities to increase the resource and ultimately reserve base.
A resource definition drilling program will be begin by the 7th of April and 2500 m of drilling
has been planned. This drilling is focused on increasing both the size of the resource and the
level of confidence as well as testing the other target areas. In conjunction with the resource
drill-out, metallurgical samples will be collected and sent for flotation test work.