News: VAN Vango Mining Update On WA Court Decision On Billabong Gold Matter

March 18 (Reuters) - Vango Mining Ltd (VAN) :

• UPDATE TO WA COURT DECISION ON BILLABONG GOLD MATTER-VAN.AX
• BILLABONG ACCEPTED AN OFFER FROM VANGO ON 11 MARCH
• REMAINS OPEN TO COMMERCIAL RESOLUTION OF APPEAL WITH BILLABONG
• BILLABONG MAY UNDERTAKE GOOD FAITH NEGOTIATIONS WITH CO FOR POSSIBILITY OF ENTERING A FUTURE MINING DEAL
• OFFER FOR BILLABONG TO EARN INTEREST IN, AND WORK WITH VANGO FOR K2 TENEMENT BY CONTRIBUTING AT LEAST A$3 MILLION TO ITS DEVELOPMENT
• LOOKING FORWARD TO WORKING WITH BILLABONG IN DEVELOPING K2, & POSSIBLY OTHER TENEMENTS, OVER NEXT YEAR