Ann: Appendix 3B-MDX.AX, page-2

Mindax a Chinese controlled company have a JORC gold resource of 36,000 ozs within their iron ore mining leases with very good grades and a near surface mineable resource of about 20,000 ozs to 60 metres. Whilst a gold boom is in progress management proceed to lock this project up in iron ore leases for five years or longer with expenditure exemptions in terms of the iron ore from the Minister. No new gold project - no new jobs -no badly needed State royalties. If you are a shareholder of MDX your comments are invited.