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HIGHLIGHTS

• Numerous high grade rock chip samples from initial exploration at Grants
Creek Gold Project, WA, including 271.7g/t, 104.7g/t and 51.7g/t gold.

• West Lake Eyre Project EL3929 SA granted.

• Initial geophysical work over West Lake Eyre IOCGU Project reveals two gravity
highs and surficial uranium anomalies.

• Native Title site clearances completed for Angelo Gold Project, WA.

• King River Uranium Project EL26112 NT granted.

• Initial Listing on the ASX on 2 October 2007 - ASX Code: MNC
- following successful IPO.

• Loyalty Options Entitlement Issue raises $250,000 in December 2007.

Date:  Wednesday 30 Jan 2008