HAMMER METALS LIMITED — AGM Information 2003

Oct 27, 2003

MIDAS RESOURCES LIMITED

ACN 095 092 158

Registered Office: Level 1, 681 Murrav Street, West Perth, Western Australia 6005

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given of the Annual General Meeting of the shareholders of MIDAS RESOURCES LIMITED to be held in the Celtic Club, 48 Ord Street, West Perth, Western Australia 6005 on Monday 24 November 2003 commencing at 9.00 a.m.

BUSINESS

ITEM 1-ANNUAL FINANCIAL REPORT

To receive and consider the Annual Financial Report for the year ended 30 June 2003 comprising the Directors' Report, the Directors' Declaration, the financial statements and the Auditors' Report.

RESOLUTION 1 - RE - ELECTION OF DIRECTOR

To consider and if thought fit, to pass the following resolution as an ordinary resolution.

"That Mr Terry Streeter, being a director of the Company, retires by rotation in accordance with Clause 7.3 of the Constitution and, being eligible, is hereby re-elected as a Director of the Company."

VOTING and PROXIES

• 1. A shareholder of the Company entitled to attend and vote is entitled to appoint not more than two proxies. Where more than one proxy is appointed, each proxy must be appointed to represent a specified proportion of the shareholder's voting rights. If the shareholder appoints two proxies and the appointment does not specify this proportion, each proxy may exercise half of the votes. A proxy need not be a shareholder of the Company.
• 1. Where a voting exclusion applies, the Company need not disregard a vote if it is cast by the person who is entitled to vote in accordance with the directions on the proxy form or it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.
• 1. In accordance with Regulation 7.11.37 of the Corporations Act, the Directors have set a date to determine the identity of those entitled to attend and vote at the Meeting. The date is 9 a.m. (WST) on 22 November, 2003.
• 1. A proxy form is attached. If required it should be completed, signed and returned to the Company's registered office in accordance with the instructions on that form.

By order of the Board

David Lymburn Company Secretary 22 October 2003

Midas Resources Limited ACN 095 092 158 Registered Office: Level 1, 681 Murray Street, West Perth, Western Australia 6005

PROXY FORM

I/We.

being a shareholder of Midas Resources Limited,

hereby appoint

of

or, in his absence the Chairman of the meeting as my/our proxy to vote for me/us on my/our behalf at the General Meeting of the Company to be held in the Celtic Club, 48 Ord Street, West Perth on Monday 24 November 2003 commencing 9.00 a.m. and at any adjournment of that meeting in respect of:

The whole of my voting rights % of my voting rights

(Please complete as appropriate. If no details are inserted and only one proxy is appointed, it will be assumed that the proxy is for all of the voting rights of the shareholder.)

Should you desire to direct your proxy how to vote in relation to each resolution to be considered at the meeting, please complete the following section of this form by inserting "X" in the appropriate boxes. If you do not direct your own proxy, he/she will vote on it as he/she thinks fit or may abstain from voting. The Chairman intends to vote undirected proxies in favour of the resolution.

I instruct my proxy to vote as indicated in respect of:	For	Against	Abstain
Re-election of Mr Terry Streeter
If you do not wish to direct your proxy how to vote, please place a mark in this box.

By marking this box, you acknowledge that the Chairman may exercise your proxy even if he has an interest in the outcome of the resolution, and votes cast by him other than as proxy holder will be disregarded because of that interest.

Please return this Proxy Form to the Company Secretary, David Lymburn, Midas Resources Limited, Level 1, Chart House, 681 Murray Street, West Perth WA 6005 or fax to (08) 9486 1502 by 9.00 a.m. 22 November 2003.

Signed this dav of	2003
Shareholders who are individuals, joint holders or unincorporated trustees.	Signature
	Signature
Shareholders who are companies.
	Director.
Executed in accordance with the Constitution. Affix common seal if required by the constitution. Specify if Sole Director.	Director / Secretary .

MIDAS RESOURCES LIMITED

ACN 095 092 158

Registered Office: Level 1, 681 Murray Street, West Perth, Western Australia 6005

PROXY FORM INSTRUCTIONS

• $\mathbf{1}$ . A member entitled to attend and vote at a meeting is entitled to appoint not more than two proxies to attend and vote on their behalf. Where more than one proxy is appointed, such proxy must be allocated a proportion of the member's voting rights. If the shareholder appoints two proxies and the appointment does not specify this proportion, each proxy may exercise half the votes.
• $\overline{2}$ . A duly appointed proxy need not be a member of the Company. In the case of joint holders, all must sign.
• $\overline{3}$ . Corporate shareholders should comply with the execution requirements set out on the Proxy Form or otherwise with the provisions of Section 127 of the Corporations Act. Section $127(1)$ of the Corporations Act provides that a company may execute a document without using its common seal if the document is signed by:
• 2 directors of the company:
• A director and a company secretary of the company; or
• For a proprietary company that has a sole director who is also the sole company secretary $-$ that $\bullet$ director.

For the Company to rely on the assumptions set out in Section 129(5) and (6) of the Corporations Act. a document must appear to have been executed in accordance with Section 127(1) or (2). This effectively means that the status of the persons signing the document or witnessing the affixing of the seal must be set out and conform to the requirements of Section $127(1)$ or (2) as applicable. In particular, a person who witnessed the affixing of a common seal and who is the sole director company secretary of the company must state that next to his or her signature.

• Completion of a Proxy form will not prevent individual shareholders from attending the Meeting in person if $\overline{4}$ . they wish. Where a shareholder completes and lodges a valid proxy form and attends the Meeting in person, then the proxy's authority to speak and vote for that shareholder is suspended while the shareholder is present at the meeting.
• 1. Where a Proxy Form or form of appointment of corporate representative is lodged and is executed under power of attorney, the power of attorney must be lodged in like manner as this proxy.