Ann: WML: Woomera Completes Drill. at Bronze Fox Copper-Gold Pro., page-2

Orbminco (ex WML) just went into a trading halt with results pending on Tuesday at the commencement of trading? These Mongolian prospects always looked very favourable from an exploration viewpoint with a bit of "higher grade" luck needed to add to the current "lower grade" resource estimates. Hopefully this can be the start of some positive news with one of our many partnerships - a positive with KCC being their largest shareholder, OB1 having to spend $4million US to gain 80% & "Upon acquiring an 80% interest, Woomera may purchase the remaining 20% from Kincora for US$10 million in cash and the grant of a 1% Net Smelter Royalty (NSR) or can otherwise enter into an 80/20 joint venture. Under the terms of the Joint Venture, Kincora will be free carried until a Final Investment Decision (FID) following which the parties will be required to contribute to expenditure in accordance with their respective JV interests or will otherwise by diluted".