Resource Table

Etango Project - Mineral Resource Estimate - December 2009 

Uniform Conditioning (“UC”) Method  

 Note: Figures may not add due to rounding; bulk density of 2.63t/m3; Uniform Conditioning estimate; Panel dimensions of 25mNS x 25mEW x 10mRL (Anomaly A and Oshiveli) and 50mNS x 50mEW x 10mRL (Onkelo) and SMU dimensions of 12.5mNS x 12.5mEW x 5mRL with Information Effect.

The information in this report relating to the Mineral Resources of the Anomaly A and Oshiveli deposits within the Etango Project is based on a resource estimate completed by Mr Neil Inwood and the information in this news release relating to the Mineral Resources of the Onkelo deposit within the Etango Project is based on a resource estimate completed by both Mr Iain Macfarlane and Mr Neil Inwood who are full time employees of Coffey Mining Pty Ltd. Messrs. Inwood and Macfarlane are Members of The Australasian Institute of Mining and Metallurgy and have sufficient experience relevant to the style of mineralisation and types of deposits under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves", and are independent consultants to Bannerman and Qualified Persons as defined by Canadian National Instrument 43-101. Messrs. Inwood and Macfarlane consent to the inclusion in this release of the matters based on their information in the form and context in which it appears.