ALTECH BATTERIES LTD — Capital/Financing Update 2011

Oct 31, 2011

MEDIA/ASX RELEASE

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1 NOVEMBER 2011

NOTICE OF DISPATCH OF NON-RENOUNCEABLE ENTITLEMENT ISSUE PROSPECTUS

Australia Minerals and Mining Group Limited (ASX: AKA) (or “AMMG” or “the Company” ) refers to the prospectus lodged with the ASX on 20 October 2011 for a one for one nonrenounceable option entitlement issue of up to 41,987,501 new options in the Company priced at $0.001 per new option.

The offer document was dispatched to security holders today.

Yours faithfully

Piers Lewis

Company Secretary Australia Minerals & Mining Group Limited

ENDS

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

Piers Lewis Company Secretary T: +61 8 9389 5557 www.ammg.com.au

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