See copy of announcement below, let the fun begin.
Not for distribution in the United States of dissemination through a U.S. newswire service
20 July 2009 ASX/TSX: DIO
DIORO CONFIRMS DISCUSSIONS WITH NORTHGATE MINERALS CORPORATION RECONFIRMS RECOMMENDATION TO REJECT CURRENT AVOCA OFFER The Board of Dioro Exploration NL (“Dioro”) is pleased to announce that it is currently engaged in advanced discussions with Northgate Minerals Corporation (“Northgate”) regarding a potential material transaction. It is currently contemplated that the details of the proposed transaction will be announced within one week. On the basis of its discussions with Northgate to date, the Board of Dioro is of the view that the proposed transaction, if completed on the terms currently being contemplated is likely to be a superior transaction in value to the current Avoca Offer. The Dioro Directors reconfirm their previous recommendation that Dioro shareholders should REJECT the current Avoca Offer. Your Directors note that Avoca has today extended its takeover bid until 28 July 2009 after confirming that it has received acceptances for only 2.71% of Dioro shares since it opened its offer in May 2009. About Northgate (NGX.TSX) Northgate is a TSX listed multi-mine gold copper producer with operations, development projects and exploration properties in Canada and Australia. Further details can be obtained on Northgate’s website www.northgateminerals.com Yours faithfully,
Rhod Grivas Managing Director
DIO Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held
