Ann: High Quality Coking Coal Properties Confirme, page-25

re: Ann: High Quality Coking Coal Properties ... And from all reports ME likes to maintain a conservative approach.

The Company's Managing Director, Mr Mark Earley commented that "the coal quality results show the POTENTIAL we have in Ovorhangay to, AT A MINIMUM, PRODUCE a SOFT COKING COAL. The low inherent ash we have seen in the quality analysis lends well to a VERY LOW ASH COAL PRODUCT THROUGH WASHING, which we expect WOULD BE WELL RECEIVED in METALLURGICAL COAL MARKETS and would be ATTRACTIVE to CHINESE BUYERS, possibly even as a RAW PRODUCT. These QUALITY RESULTS along with the PROXIXITY OF LICENCES to the CHINESE BORDER and ACCESS to EXISTING INFRASTRUCTURE MAKE THE ECONOMICS OF THESE ASSETS VERY FAVOURABLE".

Led by extremely sound management,looking forward to significant news flow over the next few weeks/months..

Also looking for an update on the highly prospective licences in Indonesia..

Cheers

Sheeza