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FireFly Metals Ltd. Board/Management Information 2009

Jul 23, 2009

48548_rns_2009-07-23_d17fe3f0-1db1-4e88-91eb-8d8ce7b74050.pdf

Board/Management Information

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Exploration Office Warehouse I, 5 Butler Blvd Burbridge Business Park Adelaide Airport SA 5950 Postal Address PO Box 247 Export Park SA 5950

ABN: 96 110 336 733

Tel: +61 8 8375 3900 Fax: +61 8 8375 3999 www.monaxmining.com.au

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For Immediate Release 24 July 2009

ASX RELEASE

RESIGNATION OF MANAGING DIRECTOR

Monax Mining Limited (" Monax " or " the Company ") (ASX: MOX) advises that Mr Michael Schwarz has tendered his resignation as the Managing Director of the Company to take effect on the 31[st] of August.

Mr Schwarz joined the Company in November 2005 and has provided valued support in the direction of the Company during this time.

The Board of Monax are very grateful for the role Mr Schwarz has played and the substantial work performed on behalf of the Company, and wish him well for the future.

Robert Kennedy Chairman Monax Mining Limited

For further information please contact:

Robert Kennedy, Chairman, Monax Mining Ph: (08) 8375 3900 Email: [email protected]