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MINDAX LIMITED Share Issue/Capital Change 2012

Apr 1, 2012

65308_rns_2012-04-01_a1309d93-e4e0-48db-a458-a9c7d51af91d.pdf

Share Issue/Capital Change

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ASX ANNOUNCEMENT

EXPIRY OF UNLISTED OPTIONS

2 April 2012

The Company wishes to confirm that 1,800,000 unlisted options with an exercise price of $0.60 expired on 31 March 2012.

ASX Code: MDX

ABN: 28 106 866 442

Corporate Description

Mindax's Mt Forrest Iron Project is progressing through feasibility with a view to mining at the end of 2013. The company is carefully putting in place necessary approvals and aligning infrastructure partners including rail and port.

Coupled with its significant iron assets, Mindax is also the greenfields discoverer of a new uranium province near Mukinbudin, Western Australia.

Through technically advanced exploration and an eye for detail, Mindax has successfully built a significant portfolio of 37 mineral exploration and mining tenements covering over 4,000 square kilometres. In addition, Mindax has applications in place for water and infrastructure covering over 2,400 square kilometres in support of the Mt Forrest Iron Project development.

Mindax aims to develop strategic resources through innovative exploration. Higher yield projects will be moved to production via strategic partnerships.

Key Projects

Mt Forrest DSO Iron, Magnetite Yilgarn-Avon JV Sedimentary Uranium Mortlock JV Copper-Gold

The current issued capital of the Company is as follows:

Number Quoted Class
188,614,57619,000,000 Fully Paid Ordinary Shares.Options with an exercise price of $0.30, expiring 30April 2012.
Number NotQuoted
Class
250,000300,0001,750,0001,750,000 Employee options with an exercise price of $0.53,expiring 1 August 2012.Employee/consultant options with an exercise priceof $0.48, expiring 12 October 2012.Employee options with an exercise price of $0.45,expiring 30 September 2013.Employee options with an exercise price of $0.60,expiring 30 September 2014.

Address

Level 2, 25 Richardson Street West Perth WA 6005 Telephone: +61 8 9485 2600 Facsimile: +61 8 9485 2500 Email: [email protected]

Yours faithfully

MINDAX LIMITED

Investor Enquiries

Greg Bromley Managing Director Email: [email protected]

Media Enquiries

ANGELO FRANCESCA Company Secretary

David Utting Mobile: +61 416 187 462 Email: [email protected]

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MINDAX LIMITED | www.mindax.com.au