Tungsten Mining NL (TGN) has acquired, or entered into agreements to acquire:

(a) a 100% interest in the Gascoyne project (which includes the Kilba Well project);
(b) a 100% interest in the Mosquito Creek project;
(c) a 100% interest in the Koolyanobbing project; and
(d) a 20% interest in the Callie Soak project.

On completion of all agreements, Tungsten Mining will hold an interest in four exploration projects. Three
of these projects are located in Western Australia and one in Northern Territory, and all are considered
by the Company to have prospectivity for tungsten.