NORWOOD SYSTEMS LIMITED — Capital/Financing Update 2012

Dec 13, 2012

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ASX Release

TRIPLE 3 PROJECT DRILL RESULTS

14 December, 2012

MONTERAY MINING GROUP

Tel: +61 7 5538 2558 Fax: +61 7 5526 8922 info@monteraymining.com.au www.monteraymining.com.au

Contact:

MIKE EDWARDS

Chief Executive Officer medwards@monteraymining.com.au

JOHN HANNAFORD Director jhannaford@monteraymining.com.au

ANDREW HABETS

Director

andrew.habets@monteraymining.co m.au

Projects:

Highlights

E25/333 tenement, Eastern Goldfields WA:

• RC drill program completed with 12 holes drilled for 1,228m

• Drilling intercepted targeted sulphide and quartz veining

• Best intercept of 8m at 3.72g/t Au, from 52m

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Monteray Mining Group Ltd (”Monteray” and or “the Company”) advises that it has completed its RC drilling program at the Triple 3 Project in the Eastern Goldfields of Western Australia. A total of 12 holes were drilled for 1,228 metres. The drilling followed up on historic high grade intercepts in RAB drilling as well as testing the prospective granite contact zone and shear related quartz veining within the granite, intercepted in a historic diamond core hole.

Burkina Faso

8 gold exploration permits covering 1,178 km[2] in three prospective areas of Burkina Faso.

Western Australia

5 gold tenements located predominantly in the Mt Monger region east of Kalgoorlie covering an area of 2,610 ha

Directors:

Kevin Dart - Chairman Andrew Habets - Director Sandy Barblett - Director John Hannaford – Director

Issued Capital:

37.9m Ordinary Shares 19m Unlisted Options

ASX Code: MRY

Cash ~$1m (31 Oct)

The drill program was designed to test for gold at greater depths and extent in the granite and granite contact, a target similar to the Majestic Deposit located 8km to the north.

Follow up twinning of previous high grade RAB (HRRB008) intercepts by MTRC001 failed to replicate the results although similar lithologies and sulphides were intercepted, with the best results being 16m at 0.39g/t Au from 44m.

At the granite greenstone contact abundant pyrite was intersected along with quartz over a 20m width in MTRC002 but was only weakly anomalous for gold. An historical quartz vein intercept (HRDD002) was intersected up-dip and returned the best result of 8m at 3.72g/t Au in MTRC008.

Other anomalism was associated with felsic dykes, quartz stringers and sulphides. The program tested the targets of interest and provided a useful platform for further work.

A map of drill hole locations is presented as Figure 1 and a table of anomalous results is presented as Table 1

Monteray Director John Hannaford commented: “We are pleased to have completed our maiden RC drilling program and the results have confirmed the presence of gold mineralisation at the Triple 3 project, even though historical intercepts remain enigmatic. Further work in this prospective area will be determined once results have been analysed by our technical team.”

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Figure 1. Triple 3 Drilling Map

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Table 1: Anomalous Drill Results

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Note:

• 4m composite samples collected as drilled

• Gold assayed by Fire Assay (FA40AAS) and Copper by ICPMS

• Copper maximum result 137ppm

• Only results greater than or equal to 0.2g/t Au presented

• All sample analysed by Kalassay, Kalgoorlie, WA

For and on behalf of Monteray Mining Group Ltd

John Hannaford

Director +61 8 9482 0501 jhannaford@monteraymining.com.au

Competent Person’s Statement

The information in this report accurately reflects information prepared by Competent Persons (as defined by the Australasian Code for Reporting of Mineral Resources and Ore Reserves). It is compiled by Mr Simon Omotosho, a consultant to the Company who is a Member of The Australasian Institute of Mining and Metallurgy with the requisite experience in the field of activity in which he is reporting. Mr Omotosho has sufficient experience which is relevant to the style of mineralisation and the type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Omotosho consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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About Monteray Mining Group Ltd

Monteray Mining Group Ltd has a portfolio of five gold exploration licences located in the Eastern goldfields region of Western Australia and eight gold exploration permits located in western & central Burkina Faso, West Africa covering 1,178km[2] of unexplored Birimian greenstone belt.

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Burkina Faso map showing the Company’s exploration permits in the Central and Western parts of the country.

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Western Australian projects located in the Eastern Goldfields region, approximately 70km east south east of Kalgoorlie.

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