NORWOOD SYSTEMS LIMITED — AGM Information 2011

Nov 28, 2011

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29 November 2011

Release - Chairman's Address 2011

Ladies and Gentlemen,

As you know, Monteray Mining Group was established in February of this year and listed on the Australian Securities Exchange. We are a small, tightly held company with 31.5 million shares on issue and at June of this year, $2.3 million in cash on hand. Our mission is to develop and monetise mineral exploration opportunities.

The company already has a portfolio to work from:

The portfolio of mining tenements is prospective for gold in the Kalgoorlie region of Western Australia.

• The Hickmans Projects, covering approximately 1,351 hectares is located in the Mt Monger region approximately 50km east of Kalgoorlie and comprises

• The Duchess of York prospect

• The Hickmans North prospect, and

• Malcolm King prospect

• Triple 3 prospect , covering 882 hectares is also in the Mount Monger region 55km south east of Kalgoorlie

This region is regarded as one of the great regions for gold mining activities in Australia, both historically and currently.

In June, we entered into an agreement to acquire from Vema Resources three gold exploration licenses in Burkina Faso.

These licenses cover 416 km2 of highly prospective ground located in central western Burkina Faso, an area which hosts several world class gold deposits.

One successful exploration project that is already operational, The Mana Gold Mine, is located nearby. Mana is approximately 45km south west of the Vema sites. The Mana Gold Mine has reported gold resources and reserves of 3.28 million ounces and is currently producing at a rate 180,000 ounces of gold per year.

Monteray is encouraged by this drilling activity in close proximity to the Vema sites. We believe that it potentially further enhances the prospectivity of the area.

We recently announced that we have extended the completion date for the potential acquisition of the Vema gold mining licenses. We continue to undertake due diligence of this opportunity in Burkina Faso and will keep all our shareholders updated on progress.

This is an important time for Monteray as the company strategy takes shape. As a small startup company, we are conscious that our shareholders have invested for growth. To do so, the company will consider all financial options to capture growth opportunities, which may include issuing shares.

This would strike a balance between creating value for existing shareholders and raising the necessary capital to capture the growth opportunities we are pursuing.

On behalf of the Board, thank you for your ongoing support of the company.

I look forward to keeping you updated on our progress in 2012.

Regards,

Chairman

Level 18, 50 Cavill Avenue, Surfers Paradise Qld 4217 Ph: 07 5538 2558 Fx: 07 5526 8922 Email: info@monteraymining.com.au Website: www.monteraymining.com.au