MINERAL COMMODITIES LTD — Capital/Financing Update 2007

Jul 18, 2007

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Mineral Commodities Ltd ACN 008 478 653 ABN 39 008 478 653

Unit 15, Level 1, 51-53 Kewdale Road Welshpool, Western Australia 6106 PO Box 235, Welshpool DC 6986 Telephone: 61 8 9353 4890 Facsimile: 61 8 9353 4894 Email: info@mncom.com.au Web: www.mncom.com.au

19 July 2007

The Manager Australian Stock Exchange Limited Level 4 20 Bridge Street Sydney, NSW 2000

Dear Sir

PLACEMENT OF SHARES

Mineral Commodities Limited (MRC) is pleased to announce that it has completed a placement of 12,000,000 ordinary shares at $0.26 per share to raise A$3,120,000 before expenses.

The placement has been made to institutional clients of UK based Mirabaud Securities Limited and falls within the Company’s 15% placement capacity as set out in the Australian Stock Exchange (“ASX”) Listing Rule 7.1.

The funds will be used to further expedite the progress on the Company’s Xolobeni and Tormin projects, and facilitate the upgrading and re-commissioning of its diamond operations in Sierra Leone. Furthermore, it will provide additional working capital to investigate other opportunities within the global resource sector.

The new ordinary shares, when issued, will rank pari passu with the existing ordinary shares. Application will be made for the new ordinary shares to be admitted to trading on the ASX.

For further information in respect to this announcement, please contact Mr Mark Caruso on 9353 4890.

Yours Sincerely

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Mark Caruso Managing Director