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CODEIFAI LIMITED Regulatory Filings 2007

Jun 28, 2007

64630_rns_2007-06-28_1786baa1-9fdd-4de8-84e0-d292f0b96de8.pdf

Regulatory Filings

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Company Announcements Office Australian Stock Exchange Limited Friday 29 June 2007 One Page

ASX Code: AUV

STATUS REPORT

The Board of Australis advises that it is continuing to work with its major shareholders and the Deed Administrator, Mr Robert Elliott to pay out all of the Company's creditors.

The Board has recently made significant progress with these endeavours and hopes that it will be in a position to make a further announcement to the market in the near future.

The Company is also currently in discussions with its solicitors, TressCox Lawyers, as to the most appropriate method of recapitalisation.

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Anthony Damianos Contact: Executive Director & CEO

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

Australis Mining Corporation Limited (Subject to Deed of Company Arrangement) ABN 68108649421 Level 35, 3504 100 Miller Street North Sydney NSW 2060 Telephone +612 8908 5988 Facsimile +612 89085977 Umail [email protected] Web: www.australismining.com.au