MINDAX LIMITED — Share Issue/Capital Change 2008

May 14, 2008

==> picture [102 x 91] intentionally omitted <==

9/57 Labouchere Road SOUTH PERTH 6151 Western Australia

Telephone 08 9474 3266 Facsimile 08 9474 3299

ABN 28 106 866 442

15 May 2008

ASX Limited Company Announcements Platform

CANCELLATION OF EMPLOYEE OPTIONS

The Company advises that 200,000 unlisted employee options with an exercise price of 25 cents and an expiry date of 10 January 2011 issued under the Company’s Employee and Consultant Option Scheme (“EOS”), have been cancelled pursuant to clause 5.5 of the EOS.

Yours sincerely

Angelo Francesca Company secretary