IODM LIMITED — Capital/Financing Update 2009

Aug 18, 2009

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Suite 202, 122 Walker St, North Sydney NSW 2060 Australia

Ph: 02 9955‐7130 Fax: 02 8920‐3576

Email: info@paradigmmetals.com.au

www.paradigmmetals.com.au

19 August 2009

ASX / Media Announcement

Notice under Section 708A of the Corporations Act 2001

In relation to the placement of an aggregate of 10,827,012 shares in the Company as foreshadowed in the Company’s announcement of 14 August 2009 and as notified in the Company’s Appendix 3B today, the Company advises:

• 1 these securities were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (‘the Act”).

• 2 this notice is being given under Section 708A(5)(e) of the Act.

• 3 as at the date of this notice the Company has complied with the provisions of Chapter 2M and Section 674 of the Act as they apply to the Company.

• 4 there is no information which is excluded information (as defined in Section 708A(7) of the Act) as at the date of this notice.

Yours sincerely,

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Mr Graham Carman Managing Director

PDM is a gold and gold‐copper explorer and developer with its key projects located in the Lachlan Fold Belt of New South Wales and the Cloncurry region of Queensland.

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