Macmin LTD, page-2

G'day jimjj,

The announcement you're after is from the 13th of June.

Here it is:



HOMEX - Brisbane

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Macmin Ltd is pleased to announce that as part of its ongoing strategy to become a silver focused mining and exploration company, it has reached an agreement to sell its wholly owned subsidiary Macmin (PNG) Limited to Canadian listed company, New Guinea Gold Corporation (NGG). NGG is currently owned 58% by Macmin Ltd.

Macmin (PNG) Ltd holds title to seven exploration leases and one mining lease in Papua New Guinea.

Consideration for the sale will consist of additional shares in NGG plus royalty arrangements in respect of any future production from the PNG properties.

The sale is subject to due diligence, regulatory and shareholder approval.

The Texas Silver Project drilling programme is continuing and an update will be provided in the June Quarterly Report to be released in July.

G M Edwards
COMPANY SECRETARY


Regards,