port morsby listing

Minerals Corporation Limited (ASX Code: "MSC") today listed on the Port Moresby Stock Exchange
(POMSoX), reflecting the company's extension of its kaolin operations into Papua New Guinea.

After the customary ringing of the bell at POMSoX to allow trading to commence, Minerals Corporation's
Managing Director Mr. Vic Alexander said:
"The listing reflects Minerals Corporation's long term plan to involve PNG as a processing and
transshipment center for its Australian kaolin export business. Skardon River is currently exporting to
Europe, the Middle East and Asian markets and once the PNG transshipment center is fully established,
the Company will examine siting other processing activities in PNG as well."

Mr Alexander added:
"The Port Moresby Stock Exchange listing gives PNG investors the simplest, most straight-forward and
equitable means to invest in one of the region's largest emerging china clay producers. It will also
increase the liquidity of shares for existing PNG shareholders and expedite access to our shares for PNG
investors."

Local POMSoX Director and Managing Director of PNG based KINA SECURITIES, Mr Syd Yates,
welcomed Minerals Corporation's inclusion on the exchange and believes it provides an excellent
opportunity for the company to promote its current convertible notes offer to raise capital for Minerals
Corporation's future growth.

Mr Yates said:
"We are delighted Minerals Corporation has chosen to dual-list on POMSoX. It allows local funds to
invest in a company committed to utilizing PNG's infrastructure and excellent and very cost effective port
facilities."

Minerals Corporation will be listed on POMSoX as a foreign entity with any shares issued having a PNG
status. Although the home listing of Minerals Corporation is on the Australian Stock Exchange, Minerals
Corporation shares can be traded through brokers on POMSoX regardless of point of issue.