DART MINING NL - Capital/Financing Update 2008

ASX CODE DTM

==> picture [107 x 106] intentionally omitted <==

ASX RELEASE 5 JUNE 2008

SOLID FIRST YEAR OF PROGRESS FOR DART MINING

Highlights

Higher than expected gold grades intersected at Mountain View
Assay results confirm presence of gold system at Fairley’s
Diamond and RC drill rig secured to be employed on Dart projects all year
Priority targets for the next 6 months’ drill programmes identified

Dart Mining (ASX: DTM) has celebrated one year of exploration at its gold and base metals targets in north east Victoria and south east New South Wales with substantial progress and encouraging results.

Over the past 12 months the company has conducted extensive rock chip, soil and water sampling across their tenement areas and developed detailed geochemistry grids for further testing. This non-intrusive sampling combined with limited drilling has led Dart to identify a number of targets which it is planned to test further in the coming months.

“We feel we have made significant progress in meeting our targets for the first 12 months despite facing challenges securing equipment in the tight market,” said Dart CEO John Quayle.

“The results from the first year of exploration work have allowed us to review our tenements and focus our upcoming drill programmes on the targets which are likely to bring the most value to our shareholders in the near future,” said Mr Quayle.

The Company has recently completed a round of reverse circulation (RC) drilling at its Fairley’s, Mountain View and Mount Elliot prospects. A diamond drill program has now commenced follow up work of these areas.

A diamond drill rig has been secured by Dart and will be employed on the Company’s tenements for the remainder of the year. The RC drilling rig, which has just completed the first round of drilling, remains available as required on Dart tenements.

Based on previously reported rotary air blast (RAB) drilling and soil geochemistry Dart will focus further exploration at the Mountain View prospect on depth testing the main mineralised structure below the Trial Mining Pit and to the south along the Western Anomaly (see figure 1). The near surface potential of other parallel lines of historic mineralisation will also be rapidly accessed via a short program of RAB drilling as a rig becomes available.

“We are particularly encouraged with the identification of the large arsenic anomaly to the south of the recent drill program at Mountain View, which extends the Western Anomaly some 240m south,” said Mr Quayle.

==> picture [5 x 5] intentionally omitted <==

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

==> picture [106 x 106] intentionally omitted <==

Dart previously announced that track works at the Fairley’s prospect had intersected the extension of mineralisation from the historic workings with some results now to hand. Figure 2 shows the location of a series of chip samples taken along the drill access tracks with the highlight of the results to date showing 10m @ 2.99 ppm Au. The samples were taken from a major splay structure identified in mapping from the historic workings and now also confirmed in the shallow RC drilling. Further chip sample results are awaited.

Assay results received to date from RC drilling at the Fairley’s Prospect (Table 1) confirm the presence of a very large (up to 22m in width) disseminated sulphide related gold system. Historic records from June 1897 indicate mineralisation from the workings contained some 4% total sulphide content. Visual inspection of sulphide distribution from the drilling completed to date indicates sulphides in the system may be concentrated within shoots developed within the major fault structure. Deeper RC holes and the two diamond holes have intersected zones of estimated higher sulphide content and may indicate the presence of another sulphide plume developing at depth. Assay results are awaited to confirm this content.

Such a distribution of sulphides is likely to determine zones of economic mineralisation and will be the target of a planned down hole geophysical investigation over the winter period. The geophysical investigation will target plumes of concentrated sulphide within the extensive host fault structure.

In the short term Dart intends to redeploy the diamond drill rig currently working at the Fairley’s prospect onto the Mount Elliot prospect within the Dart EL, to follow up the recent RC program. This will allow the time required to receive outstanding assay results and carry out a full interpretation of the first 11 RC holes and 2 diamond drill holes completed.

Dart will also carry out drilling of their North Mammoth target, matching the Victorian Government’s Rediscover Victoria Drilling (RVD) grant of $59,194 in the coming months.

“The work we have done so far has given us confidence that we are on track to realise the potential of our tenement areas,” commented Mr Quayle.

“We will continue to assess opportunities over the next twelve months which will bring returns for our investors, which are intended to progress Dart from small scale explorer to producer,” said Mr Quayle.

- ENDS –

Further information: Investors: Dart Mining NL John Quayle Chief Executive Officer 03 9621 1322

Media:

Gryphon Management Australia Fiona Ellis 03 9670 1501

Page 2 of 5

==> picture [106 x 106] intentionally omitted <==

Figure 1 Mountain View Prospect Soil Geochemistry Grid Extension