FireFly Metals Ltd. — Share Issue/Capital Change 2007

Nov 28, 2007

Registered Office 140 Greenhill Road Unley SA 5061

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ABN 96 110 336 73 3

Tel +61 8 8373 6271 Fax +61 8 8373 5917 www.monaxmining.com.au

ASX RELEASE

For Immediate Release 29 November 2007

NOTIFICATION OF EXPIRY OF BONUS OPTIONS

Monax Mining Limited advises that the attached notification of expiry of bonus options is today being mailed to all holders of MOXO options.

Yours faithfully

Virginia Suttell Company Secretary

Registered Office 140 Greenhill Road Unley SA 5061

22 November 2007

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Tel +61 8 8373 6271 Fax +61 8 8373 5917 www.monaxmining.com.au

Dear Option Holder,

NOTIFICATION OF EXPIRY OF BONUS OPTIONS

As at the date of this notice you are the registered holder of “MOXO” Options in Monax Mining Limited which are due to expire on 31 December 2007. Your options will expire unless exercised on or before that date. It is therefore important that you carefully read the following information:

Expiry Date

Your options effectively expire at 5:00pm (CST) on Monday 31 December 2007. Quotation of these options (ASX code: “MOXO”) will cease on the Australian Securities Exchange at the close of trading on Thursday 20 December 2007.

Number of Options held and amount due on exercise

The number of options held at the date of this notice and the amount due on exercise is shown on your Notice of Exercise of Bonus Options Form which is attached as part of this notification.

Exercise Price and Payment

The exercise price of the Options is $1.20 per Option. One fully paid ordinary share in the Company will be issued for each Option exercised. You may exercise your Options by payment of the amount due on exercise. Cheques in Australian currency equivalent to the amount due on exercise should be made payable to Monax Mining Limited and crossed “Not Negotiable”.

Your cheque together with completed and signed Notice of Exercise of Bonus Options Form should be lodged with the Company’s Share Registry, Computershare Investor Services Pty Limited, Level 5, 115 Grenfell Street Adelaide SA 5000 (GPO Box 1903 Adelaide SA 5001) by no later than close of business on Monday 31 December 2007 . Any enquiries should be directed to the Share Registry on 1300 556 161 (within Australia) or +61 3 9415 4000 (outside Australia).

Consequence of Non-Payment

Options not exercised by 31 December 2007 will expire with no value and no further entitlement will exist.

Underwriting

No underwriting agreement exists in respect of these options.

Share prices

The latest available market sale price on the Australian Securities Exchange Limited before the date of this notice for fully paid ordinary shares in Monax Mining Limited (ASX code “MOX”) being the underlying securities to which the Options relate to was 47 cents on 20 November 2007.

The highest and lowest market price for fully paid ordinary shares in Monax Mining Limited (ASX code “MOX”) being the underlying securities to which the Options relate to during the three months immediately before the date of this notice and the respective dates were as follows:

Highest Price: 86 cents on 27 September 2007 Lowest Price: 44 cents on 29 August 2007

Yours Faithfully

RM Kennedy Chairman

019750 - V2