The directors of Goldsearch Limited are pleased to announce that...

The directors of Goldsearch Limited are pleased to announce that they have accepted an
offer from Rex Minerals (Victoria) Limited (‘REX’) a wholly owned subsidiary of Rex Minerals
Limited (‘RML’) to acquire the Company’s remaining interest in the St Arnaud tenement
EL 4669, Victoria.
The consideration is the issue to Goldsearch Limited of 500,000 fully paid RML shares
together with 500,000 options, each having the right to purchase a share in RML on or before
30 June 2011, by the payment of 30 cents per option.
The purchase is conditional on the following, that within six months of the agreement
approval of the Minister to the transfer of EL 4669 is obtained and RML is admitted to the
official list of ASX Limited, also that Goldsearch will provide all relevant information to REX
within 30 days following the signing of the agreement.