Ann: Response to ASX Query , page-6

http://www.proactiveinvestors.com.au/companies/news/16619/minemakers-raises-asx-eyebrows-after-10-share-spike-16619.html

Minemakers raises ASX eyebrows after 10% share spike
Thursday, May 26, 2011
Minemakers raises ASX eyebrows after 10% share spike

Minemakers (ASX: MAK) has received an ASX price and volume query after the company’s shares jumped 10% to an intra-day high of $0.52 on 26 May, up from $0.47 on 25 May.

The company said it is not aware of any material information that has not been announced to the market that may explain the sudden investor interest.

However, Minemakers confirms that it is continuing confidential discussions with representatives of the Indian Government's wholly-owned public enterprise the National Mineral Development Corporation (NMDC) about the development of the Wonorah Project.

Once an outcome is reached, the company will provide information to the market in compliance with its continuous disclosure obligations.

Wonarah is Australia's largest undeveloped rock phosphate project averaging about 20% P2O5, and is strategically located in the Georgina Basin with strong supporting infrastructure and less than 300 kilometres from the north-south Darwin-Adelaide standard gauge railway.

Wonarah project also benefits from significant Traditional Owner, Central Land Council and Northern Territory Government support.