CONNECTED MINERALS LIMITED — AGM Information 2003

Oct 27, 2003

ACCLAIM EXPLORATION NL ABN 99 009 076 233

27 October 2003

Companies Announcement Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

DISPATCH OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING

The company advises that it has dispatched its year 2003 Annual Report to members, together with the Notice of Annual General Meeting.

The Annual Report comprises only the financial documents already given to the ASX. A copy of the Notice of Annual General Meeting is attached.

N J Bassett Company Secretary

Registered Office:

ACCLAIM EXPLORATION NL ABN 99 009 076 233

NOTICE OF ANNUAL GENERAL MEETING

Notice is given that the Annual General Meeting of members of Acclaim Exploration NL ("Acclaim") will be held at Pagoda Broadwater Hotel, 112 Melville Parade, Como, WA on Friday, 28 November 2003 at 9.15am for the purpose of transacting the business set out below.

The Explanatory Statement that accompanies and forms part of this Notice of Annual General Meeting describes in more detail the matter to be considered as Special Business.

AGENDA

Ordinary Business

1. Accounts and Reports

To receive and consider the Financial Report of the Company and of the consolidated entity for the year ended 30 June 2003 and the reports by directors and auditors thereon.

2. Re-Election of Directors

2.1 To consider and, if thought fit, to pass the following as an ordinary resolution:

"That Mr Donald F Thomson, who retires by rotation in accordance with clause 68.1 of the Constitution of the Company and, having offered himself for re-election and being eligible, is reelected a director of the company.'

2.2 To consider and, if thought fit, to pass the following as an ordinary resolution:

"That Mr Andrew G Waller, having been appointed by the directors until this general meeting in accordance with the Company's Constitution and having offered himself for re-election and being eligible, is hereby re-elected as a director of the company."

2.3 To consider and, if thought fit, to pass the following as an ordinary resolution:

"That Mr Craig S Willis, having been appointed by the directors until this general meeting in accordance with the Company's Constitution and having offered himself for re-election and being eligible, is hereby re- elected as a director of the company.'

Special Business

3. Ratification of Placement - 12 August 2003

To consider and, if thought fit, to pass the following as an ordinary resolution:

"That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the prior issue and allotment of 43,755,000 fully paid ordinary shares in the capital of the Company at an issue price of 1.5 cents each to the parties listed in the Explanatory Statement accompanying this Notice of General Meeting and otherwise on the basis set out therein, is ratified and approved."

The Company will disregard any votes cast on this resolution by the parties who participated in the issue as listed in the Explanatory Statement and any associate of them. However, the Company need not disregard a vote if it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form; or it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.

For the purposes of determining voting entitlements at the general meeting, Shares will be taken to be held by persons who are registered as holding Shares at 5.00pm on 26 November 2003. Accordingly, transactions registere vote at the annual general meeting.

Proxy and Voting Entitlement Instructions are included on the Proxy Form accompanying this Notice of Annual General Meeting.

BY ORDER OF THE BOARD

N J Bassett Company Secretary

20 October 2003

ACCLAIM EXPLORATION NL ABN 99 009 076 233

EXPLANATORY STATEMENT

1. INTRODUCTION

This Explanatory Statement has been prepared for the information of members of Acclaim Exploration NL ("Acclaim") in connection with the Special Business to be conducted at the Annual General Meeting of members to be held at Pagoda Broadwater Hotel, 112 Melville Parade, Como, Western Australia on Friday, 28 November 2003 at 9.15am.

This Explanatory Statement forms part of and should be read in conjunction with the accompanying Notice of Annual General Meeting.

2. RATIFICATION OF PLACEMENT - 12 AUGUST 2003 (Resolution 3)

ASX Listing Rule 7.1 relevantly provides that the prior approval of the shareholders of the Company is required to an issue of equity securities if the securities will, when aggregated with the securities issued by the Company during the previous 12 months, exceed 15% of the number of securities on issue at the commencement of that 12 month period.

The issue and allotment of shares outlined in resolution 3 did not exceed the 15% limit, however, ASX Listing Rules 7.1 and 7.4 provide that, where a company in general meeting ratifies an issue of equity securities the issue will be treated as having been made with approval for the purpose of ASX Listing Rule 7.1, thereby enabling the company to issue further equity securities without exceeding the 15% in 12 months limitation.

Shareholder approval is sought so as to refresh the Company's 15% equity security placement limit pursuant to ASX Listing Rule 7.1.

Resolution 3 of the Notice of Annual General Meeting proposes the ratification for the issue and allotment of 43,755,000 Shares, thereby satisfying the requirements of ASX Listing Rule 7.4.

In compliance with the information requirements of ASX Listing Rule 7.5 members are advised of the following particulars in relation to the placement:

Number of securities allotted: $(a)$

43,755,000 Shares

Price at which the securities were issued: $(b)$

1.5 cents per Share

$\left( c\right)$ Terms of the securities:

The Shares rank equally in all respects with the existing Shares on issue.

Names of the allottees: $(d)$

Clients of Westar Capital Limited.

Intended use of funds raised: $(e)$

To fund working capital and to progress the Claude Hills exploration programme.

PROXY FORM

ACCLAIM EXPLORATION NL ABN 99 009 076 233

Please return this proxy to: The Secretary Acclaim Exploration NL 704 Murray Street WEST PERTH WA 6000

IMe
(block letters)

of ....................................

being a shareholder(s) of Acclaim Exploration NL

HEREBY APPOINT

.......................................

01.....................................

or failing him, ....................................

of ....................................

or failing him, the Chairman as my/our proxy to vote for me/us on my/our behalf at the Annual General Meeting of the Company, to be held at 9.15am on Friday, 28 November 2003, and at any adjournment thereof in respect of:

• the whole of my/our shares
• ...................................... $\bullet$
• Please delete whichever is not required. If no deletion is made and the number of shares is not inserted and only one proxy is appointed, it will be assumed that the proxy is for all the shares registered in the name of the shareholder.

This form is to be used to vote on each of the Resolutions set out overleaf.

. . . . . . . . . . . . . . . . . . . .

Signed this 2003. day of

If the member is an individual or joint holder

Signed by Usual Signature

. . . . . . . . . . . . . . . . . . . . Usual Signature

. . . . . . . . . . . . . . . . . . . .

If the member is a company

Signed in accordance with the constitution of the company (affix common seal if appropriate)

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Director/Sole Director Director/Secretary Sole Director and Sole Secretary

RESOLUTIONS TO BE PROPOSED

2.1	Re-election of Director - Mr Donald F Thomson
		FOR*	AGAINST*	ABSTAIN*
122	Re-election of Director - Mr Andrew G Waller
		FOR*	AGAINST*	ABSTAIN*
	2.2 Re-election of Director - Mr Craig S Willis
		FOR*	AGAINST*	ABSTAIN*
13.	Ratification of Placement
		FOR*	AGAINST*	ABSTAIN*

$\star$ Instructions as to Voting

If you wish to direct your proxy how to vote with respect to the proposed resolutions, please indicate the manner in which your proxy is to vote by placing a "X" in the appropriate box for each Resolution, otherwise your proxy will vote as he/she thinks fit or abstain from voting.

If you do not wish to direct your proxy how to vote, please place a mark in the box.

$\Box$

By marking this box, you acknowledge that the Chairman may exercise your proxy even if he has an interest in the outcome of the resolution and votes cast by him other than as proxy holder will be disregarded because of that interest.

NOTES

• Every shareholder entitled to attend and vote at the Annual General Meeting is entitled to appoint not more $1.$ than two proxies to attend and vote instead of such shareholder. Where more than one proxy is appointed each proxy must be appointed for a specified proportion of the shareholder's voting rights.
• 1. The instruments appointing a proxy must be in writing under the hand of the appointor or his attorney duly authorised in writing or if the appointor is a corporation under its common seal or otherwise in accordance with its Constitution. A proxy need not be a shareholder of the Company.
• 1. A proxy form must be deposited at the Company's registered office or faxed to (08) 9420 0222 not less than 48 hours before the time appointed for the meeting.
• 1. The power of attorney (if any) or the instrument appointing a proxy and the power of attorney (if any) under which it is signed or an office copy or notarially certified copy thereof must be deposited at the registered office of the Company not less than forty-eight (48) hours before the time for the holding of the Annual General Meeting or adjourned meeting.
• 1. The Chairman intends voting in favour of all resolutions.