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CODEIFAI LIMITED Capital/Financing Update 2005

Oct 26, 2005

64630_rns_2005-10-26_023d535c-6136-4173-8c5e-db471e0333b1.pdf

Capital/Financing Update

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Company Announcements Office Australian Stock Exchange Limited Monday 27th October 2005 One Page

ASX Code: AUV

LISTING RULE 3.10A - RELEASE FROM ESCROW

We advise that during the period from 1 November 2005 until 30 November 2005, that 1,285,001 shares and 1,927,500 options will be released from restricted security agreements on dates as detailed in the table below. These shares and options were issued to seed investors and were subject to restriction agreements for 12 months from date of issue.

Date of Expiry of Restriction Agreement Number of Number of Options,
Ordinary Shares dated 31 December 2006
4 November 2005 250,000 375,000
8 November 2005 350,000 525,000
11 November 2005 100,000 150,000
18 November 2005 315,001 472,500
19 November 2005 270,000 405,000
Total released November 2005 1,285,001 1,927,500
Remaining on escrow at 30 November 2005 50,640,000 960,000
Released from escrow in previous months 12,210,001 18,315,000
Total initially escrowed 62,850,001 19,275,000

Contact: Anthony Damianos Executive Director & CEO

Telephone: +612 8908 5988 Facsimile: +612 8908 5977 Web: www.australismining.com.au

Australis Mining Corporation Limited ABN 68108649421 Level 35, 3504 100 Miller Street North Sydney NSW 2060 Telephone +612 8908 5988 Facsimile +612 89085977 Email [email protected] Web: www.australismining.com.au