toolebuc formation, page-3

Announcement today - 25/02/08

Toolebuc formation in QLD close area to RMG, PKT, ALE.

PDM & EXS

Drilling underway on Paradigm-Exco permits near Cloncurry:
Rock assays up to 884 ppm U3O8, 10% phosphate

• The joint venture between Exco Resources Ltd and Paradigm Metals Ltd is now signed,
with exploration for uranium underway near Cloncurry Queensland

• Toolebuc Resources Pty Ltd, the future holding company of the tenements, will be initially funded 50:50 by Paradigm and Exco

• Recent rock samples of Toolebuc Limestone have returned assays up to 884 ppm U3O8 and 10% phosphate, and are also anomalous in vanadium and molybdenum.

Uranium deal formalised

Paradigm Metals Ltd and Exco Resources Ltd are pleased to announce that the documentation formalising the exploration joint venture for uranium and other minerals within the Toolebuc Limestone Formation near Cloncurry Queensland, is now signed. Final completion of the agreement will occur once government approvals have been given for the transfer of 8 exploration permits to Toolebuc
Resources Pty Ltd (TOR), a jointly-owned company recently constituted.