CONNECTED MINERALS LIMITED — Capital/Financing Update 2002

Nov 21, 2002

ACCLAIM EXPLORATION NL ABN 99 009 076 233

22 November 2002

The Company Announcements Office Australian Stock Exchange Limited 4 Floor 20 Bridge Street SYDNEY NSW 2000

Capital Raising Allotment of Shares and Options

Pursuant to the new issue announcement and the Prospectus dated 15 October 2002 the company has today allotted 15,727,000 Shares and 7,863,500 Options at an issue price of \$0.035 each on application which raised \$550,445.

Yours faithfully

B R Matich Managing Director

Registered Office: