CONNECTED MINERALS LIMITED — Capital/Financing Update 2008

Jul 14, 2008

ACCLAIM EXPLORATION N.L.

ABN 99 009 076 233

15 July 2008

Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

Drilling Update: Maria-Wood #1 Prospect

The Board of Acclaim Exploration NL is pleased to announce that drilling has reached its target depth on the Maria-Wood#1 Prospect in the Dewitt and Goliad Counties, Texas, USA.

The Maria Prospect covers an area of approximately 1,991 net acres of land in a fault block “sandwiched” in between the 40 BCF Nordheim SW Field (1992 discovery) and 80 BCF (EUR) Lions Field (1996 discovery).

The initial test well has been drilled to a total measured depth of 14,000 ft to test the expanded lower Wilcox Roeder/ Migura sand section.

The bottom log has only shown small amounts of gas. However, the operator FirstStrike Energy (Esenjay) is recommending testing and completion of the oil sand encountered at 7800’. The e-log indicates the pay sand appears to be 15 feet thick.

The operator has also identified another structure to the southeast of the current target, in which the Company has the right to participate.

The Company has the right to earn up to a 25% leasehold estate and working interest in the Maria Prospect.

Type: Oil/Gas

Location: Dewitt and Goliad Counties, Texas USA

Field Block: Maria-Wood #1 Prospect

Status: Drilling completed to Target Depth

Target Depth: 14000 feet Working Interest: 25.0%

Operator: FirstStrike Energy Corporation

Yours Sincerely

Craig Willis Director

Suite B, 150 Hay Street, Subiaco Western Australia 6008 Telephone: + 61 8 9388 8436 Facsimile: + 61 8 9388 8450