DART MINING NL — AGM Information 2008

Nov 20, 2008

2[nd] ANNUAL GENERAL MEETING 21 November 2008

Chairman ’ s address : Mr Chris Bain

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ABN 84 119 904 880

Good morning ladies and gentlemen and welcome to the second AGM of Dart Mining NL.

As Chair of Dart Mining it gives me great pleasure to report to you our company ’ s performance over the past year.

In my report to you today I will provide a brief overview of Dart ’ s activities before asking our Chief Executive Officer, John Quayle, to discuss the company ’ s operational performance to date, and outline our key objectives for 2008/09.

We will then move on to the procedural matters and you will have the opportunity to ask us questions about the last six months ’ operations and our plans for the future. In addition to those shareholders present at today ’ s meeting I can confirm that the holders of 3 million ordinary shares representing approximately 7% of the Company ’ s issued shares are represented by proxies.

Since the initial listing in May 2007 and the bonus option issued to shareholders in July 2007, the stock markets globally and in Australia have experienced extreme and unprecedented volatility. The S&P/ASX300 Metals and Mining index – a measure of the resource companies among the top 300 Australian companies has fallen 60% from its peak in May and many mid-cap producers have seen share price falls of more than 90%, so whilst today Dart ’ s headline share price is half the initial 20 cent issue price, the share and option package for our initial shareholders has performed relatively well against the broader market and I thank you for your continuing support.

In such an environment your board has the company ’ s financial position under constant review and will consider all opportunities to enhance Dart ’ s funding. We are modifying our programs to the extent necessary to conserve funds, whilst at the same time maintaining exploration momentum.

Notwithstanding these very difficult equity market conditions this past year has been very rewarding for us at Dart, highlighted by our success in identifying a potentially world class molybdenum prospect in North East Victoria.

The find attracted further investor interest in our company at a time when the markets globally were under some pressure. Our broad shareholder base includes significant support from regional Victoria and together with Government support for some of our drilling activities there is an ongoing Victorian interest in our exploration progress.

Over the 18 months since listing we have built momentum in our exploration activities. Drill programs have been completed on all the prospects detailed in the prospectus and indeed we have been able to progress some of the base metal ideas that were originally slated to be drilled 2 years after listing. The earlier than originally anticipated field work and drilling resulted in Dart being able to identify the very exciting Unicorn molybdenum prospect.

Chairman’s address DART MINING NL

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2[nd] ANNUAL GENERAL MEETING 21 November 2008

Chairman ’ s address : Mr Chris Bain

The basis of Dart ’ s ASX listing was a regional structural concept that provided a guide to the possible distribution of base metals mineralisation, together with the identification of outcropping disseminated gold mineralisation around old high grade mines. Guided by the overall structural model of the region, there have been some changes in our overall tenement position with the application for new areas and the re-application for areas subject to compulsory relinquishment, so that Dart now has available ground covering all of the mineralisation corridors identified by our modelling. All tenements will be evaluated by field reconnaissance including water, soil and rock chip sampling from which a number of new targets may be identified that will require follow up exploration.

At our core gold projects, Mountain View, Mt Elliott and Fairley ’ s, drilling has not yet been able to identify potentially mineable near surface orebodies. At Mountain View the results so far have been positive, with grades and widths of gold mineralisation over a growing strike length sufficient to indicate that it is a target worthy of further work to determine if it hosts sufficient gold to become a mine.

Yesterday we released the results of the first diamond drilling program at our Unicorn project. It is now clear that Unicorn is a major mineralised system that has many characteristics of the large molybdenum ore bodies of the Americas. We will undertake a detailed review of all the exploration results including information gained from a trial line of ( Controlled Source Audio-Frequency Magneto Tellurics) CSAMT. As an outcome we anticipate a major drill campaign next year to complete our initial evaluation of the Unicorn project. I look forward to reporting the results to our shareholders as they come to hand.

I would like to thank the management and staff in the Dart team for the effort they have put into establishing the systems and procedures that underpin Dart ’ s field activities.

Before moving on to the formal part of this Annual General Meeting, John Quayle our CEO will now outline the exploration activities in a little more detail, then at the conclusion of this meeting you are welcome to stay and discuss the poster displays of our exploration activity with our Executive Directors.

Chairman’s address

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DART MINING NL

LEVEL 3, 15 QUEEN STREET MELBOURNE, VICTORIA, 3000, AUSTRALIA TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL info@dartmining.com.au WEB www.dartmining.com.au ACN 199 904 880