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ALTECH BATTERIES LTD Capital/Financing Update 2011

Nov 23, 2011

64444_rns_2011-11-23_17fcaac5-d70d-4517-9765-8452e770320c.pdf

Capital/Financing Update

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MEDIA/ASX RELEASE

24 NOVEMBER 2011

NON-RENOUNCEABLE ENTITLEMENT OFFER FINAL ACCEPTANCES

The Directors of Australia Minerals & Mining Group Limited (ASX: AKA) (or “ AMMG ” or “ the Company ”) wish to advise that pursuant to the offer document lodged with the Australian Stock Exchange on 20 October 2011 for a one new option for every one listed option non-renounceable entitlement issue closed at 5pm on 15 November 2011.

The Company advises that it received acceptances for 30,505,297 options out of a possible 41,987,501 options. The Directors of the Company will place the shortfall in accordance of section 3.8 of the offer document.

Yours faithfully

Piers Lewis

Company Secretary

Australia Minerals & Mining Group Limited

For more information on Australia Minerals and Mining Group please see below or contact:

Ric Dawson Managing Director T: +61 8 9389 5557 [email protected]

Tony Dawe Professional Public Relations Pty Ltd T : +61 8 9388 0944 [email protected]

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