Ann: Jupiter Announces Transformational Deal , page-3

Summary

JMS to acquire a 49.9% stake in the world-class Tshipi Kalahari Manganese Project
(Tshipi) in South Africa;
Tshipi has a SAMREC compliant Mineral Resource of 163 million tonnes at 37% Mn;
Tshipi is located adjacent to the open pit Mamatwan mine, one of the biggest
manganese mines in the world;
Development of Tshipi anticipated in 2010 with 2013 production target;
Significantly accelerates Jupiters Steel Feed Corporation (SFC) strategy;
Adds a complementary manganese business to Jupiters existing iron ore, and
manganese exploration activities in Australia; and
Brian Gilbertson to become a Non-Executive Director of Jupiter at the closing of
this transaction.
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