CODEIFAI LIMITED — Board/Management Information 2005

May 1, 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 2^nd May 2005 One Page

ASX Code: AUV

APPOINTMENT OF DIRECTOR

We pleased to advise Mr. John Goddard (Jerry) has been appointed as a director of Australis Mining Corporation Limited. Mr. Goddard is the founder and Managing Director of Prime Mortgage Group Limited, mortgage bankers and trust fund managers.

Mr. Goddard has had over 40 years experience in corporate banking, finance and treasury functions. During this period he has worked closely with a number of listed mining companies, providing corporate advice and arranging resource funding.

Mr. Goddard is also a non - executive Director of publicly listed Pacific Magnesium Corporation Limited

For further information:

• Anthony Damianos Contact: Executive Director & CEO
• +612 8908 5988 Telephone: Facsimile: +612 8908 5977 Email: mail@australismining.com.au