Ann: Noosa Mining & Exploration Investor Conference Presentation, page-4

Was at the conference on Friday and talked to DF.

1) Good prospects for finance a) Joint venture b) Share placement or a combination of both.

2) Very confident mine will go ahead but finance will be some months away.

3)Is very positive about making it happen.

4) Grades are good and production costs will be in the lower quartile.

5) Work is progressing and major plant items are still on order.

He sounds very confident of a good outcome for investors at the current share price and very bullish on the Graphite market.

The general comments about graphite were very positive.