NORWOOD SYSTEMS LIMITED — Capital/Financing Update 2012

Dec 5, 2012

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ASX Release

EXPLORATION UPDATE

6 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@ojcgroup.com.au

Highlights

PEPIN SOUTH PROJECT – BURKINA FASO

• Maiden auger drilling program has commenced at the Pepin Permit

• Completed 267 of proposed 900 hole program covering southern portion of Pepin permit “Pepin South”, across projected extension of Sebacé shear zone.

• Samples batches sent to ALS lab on a weekly basis, first results expected in next 1-2 weeks.

TRIPLE 3 RC DRILLING PROGRAM – WESTERN AUSTRALIA

• Maiden RC drilling program completed,

• Assays anticipated within 7-10 days

Projects:

Burkina Faso

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

Australia

5 gold licences located in the Eastern goldfields region of Western Australia.

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 ~$1.0m (31 Oct)

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Monteray Mining Group Ltd (”Monteray” and or “the Company”) is pleased to provide an update on exploration activities both at its Burkina Faso gold exploration projects, and its WA exploration projects.

Burkina Faso Auger Drilling Program

As previously announced to ASX Monteray planned auger drilling over its 100% owned Pepin permit in the ‘Bissa’ region in central Burkina Faso. The Pepin licence covers 250km[2] of undrilled territory along strike from High River Gold’s 1.7Moz Au Bissa gold project. The Bissa project is located on the Sebacé Shear Zone, which extends across the Pepin permit. The auger drilling program is designed to test extensions of the Bissa mineralisation along the Sebacé shear zone in two areas: ‘Pepin South’ and ‘Pepin North’ .

Auger drilling commenced at Pepin South in late November, with 267 auger holes completed to date out of a proposed 900 holes. The auger holes are on 400m x 200m spacing covering a total area of 74km[2] .

The auger program will continue at the Pepin North area where it is proposed to drill 730 holes on the same 400m x 200m spacing, covering a total area of 62km[2] .

Monteray Director John Hannaford commented:

“ We are pleased to be drilling our maiden auger program at the Pepin South area, Burkina Faso. This is an exciting program, being the first time any drilling has been conducted on this large permit area (250km[2] ), along the Sebacé Shear Zone, host to the outstanding Bissa project. The existence of extensive current artisanal activity along the Shear Zone, as well as the prominent magnetic feature (see Figure 2), greatly enhance the prospectivity of the area.”

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Figure 1 showing location of Pepin North and Pepin South auger drilling areas, and interpreted extensions of the Sebacé shear zone

Monteray has engaged Coffey Mining for the auger program, and SEMS Exploration to manage and coordinate the drilling program and logging of hole locations.

Two samples are being taken per hole, one at the interface between the regolith cover and the host rock, and the second at the bottom of the hole. Initial indications are that the transported cover is minimal with auger meeting host rock at around 8m depth, encountering blade refusal shortly thereafter.

Samples are being batched on a weekly basis (~200 holes), and sent to ALS Laboratory in Ouagadougou for assay. The program should be completed at Pepin

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South by the end of the 3[rd] week of December. Depending upon assay results, the auger rig will then be used to infill the spacing to tighten up targets, prior to a proposed RC drilling campaign in Q1 2013. The auger rig will then move to the Pepin north area.

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Figure 2 Pepin & Guimba permit areas showing regional aero magnetic expression. Of particular interest it the coincidence of artisanal activity around the large elliptical magnetic feature along the Sebacé Shear Zone.

Triple 3 RC Drilling Program Western Australia

As announced to ASX on 14 November 2012, the Company undertook an RC drilling program at its Triple 3 project at E25/333 in the Eastern Goldfields ( see Appendix 2 for tenement locations ). The drilling program has been completed with assay results anticipated within the next week.

For and on behalf of Monteray Mining Group Ltd

John Hannaford Mike Edwards Director Chief Executive Office +61 8 9482 0501 +61 427 001 819 jhannaford@monteraymining.com.au medwards@monteraymining.com.au

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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Appendix 1

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

Appendix 2

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

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