dispatch of notice of meeting and explanatory

Further to recent announcements,
I confirm that at the meeting of
creditors of Macmin and its wholly
owned subsidiary, Texas Silver Mines
Pty Ltd ACN 002 789 380 (Subject
to Deed of Company Arrangement),
held on 6 August 2009, creditors
passed resolutions thereby approving
the Recapitalisation Deed with the
syndicate of investors including Cygnet
Capital Pty Ltd ACN 103 488 606 and
Alcyone Mining Limited ACN 135 177 918
(“the Syndicate”) (“the Recapitalisation
Deed”).
A Notice of Meeting and Explanatory
Statement, detailing the terms
of the Recapitalisation Deed and
seeking approval for the proposed
restructure required to settle the
Recapitalisation Deed and enable

Macmin to seek reinstatement of its
securities to trading on the ASX, has
been dispatched to shareholders today.
A copy of the Notice of Meeting and
Explanatory Statement is annexed to
this announcement.
The meeting of shareholders will be
held at 10:00am (WST) on Thursday,
1 October 2009 at the Boardroom, 45
Ventnor Avenue, West Perth, Western
Australia.
As stated in our announcement of 17th
August, 2009, the proposed structure
and business plan encompassed by the
Recapitalisation Deed provides existing
shareholders with the potential to
benefit significantly from the value
enhancement anticipated from its
implementation.

I urge shareholders that have any
concerns after reviewing the Notice of
Meeting and Explanatory Statement or
who require further clarification of the
benefits of the Recapitalisation Deed for
existing shareholders to contact Mr Ben
Green of Pitcher Partners in Perth on
(08) 9322 2022.
BRYAN HUGHES
DEED ADMINISTRATOR