ann. minvest transaction agreement

MINVEST TRANSACTION AGREEMENT

Haddington (ASX: HDN) wishes to announce that the Parties to the agreement for
Haddington to acquire all of the issued shares of Minvest International Corporation
(ASX Announcement 17 April 2007) have finalised their formal Transaction
Agreement.

Due diligence enquiries were completed in late July and the Company will now move
to completion of the transaction and integration of the Minvest businesses with those
of Haddington.
The Minvest transaction brings significant benefit to Haddington. The Company will
assume the Minvest portfolio of mineral projects and the Minvest services business,
including 25 operating drill rigs. When combined with Haddington’s existing portfolio
of mineral assets, the Minvest assets will provide Haddington with a new direction for
its exploration and development efforts based on;
• A prospective portfolio of mineral properties covering exploration to near term
production potential.
• A significant cash flow augmenting good cash reserves & excellent exploration
& production upside.
• The expertise, skills & commitment to grow the Company through development
of its mineral projects and services business.
• Real potential to recommence production through development of the Balline
Garnet and Tabalong Coal projects.
• Growth potential of the Minvest services business through modernisation and
the acquisition of additional equipment to enable new contracts to be won.
The directors believe that the Minvest transaction provides Haddington with an
outstanding opportunity, through the combined large and diverse mineral exploration
portfolio and the re-establishment of substantial cash flow, to emulate its previous
success as a miner.

ON BEHALF OF THE BOARD OF DIRECTORS OF
HADDINGTON RESOURCES LIMITED.
Colin McCavana
Managing Director
Telephone +61 8 9488 5100
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