creditor update, page-2

The Deed Administrators of Monto Minerals Limited (subject to a Deed of Company
Arrangement) and the proponents of the offer to purchase the shares of Monto Resources Pty
Ltd (subject to a Deed of Company Arrangement), Belmont Park Investments Pty Ltd and
Panorama Ridge Pty Ltd have agreed to extend the date for completion of the offer (as set out
in the Heads of Agreement dated 16 December 2008) until 30 April 2009 (or such other date as
agreed between the parties).