CODEIFAI LIMITED — Board/Management Information 2005

May 24, 2005

AUSTRALIS MINING CORPORATION LIMITED

ACN 108 649 421

Level 35, Suite 3504, 100 Miller Street NORTH SYDNEY, NSW 2060 Phone: (02) 89085988 or Facsimile (02) 8908 5977

Company Announcements Office Australian Stock Exchange Limited Monday 25th May 2005 One Page

ASX Code: AUV

RESIGNATION OF DIRECTOR

We advise that Mr. Keith Taylor has tendered his resignation as a director of the company, effective from 30 June 2005.

For further information:

Anthony Damianos Contact: Executive Director & CEO

Telephone: +612 8908 5988 Facsimile: +612 8908 5977 Email: mail@australismining.com.au