ORA BANDA MINING LTD — AGM Information 2010

Apr 5, 2010

Chairman’s Address

I would like to welcome you all today to the first Shareholder’s Meeting with the new board. It’s been a long marathon run to get where we are today, completing the recapitalisation of the Company, however we are now poised to get back into action.

The plan going forward is to start mining at the Carnegie open pit operation on 1[st] May. To that end we have engaged our mining contractor Barcon Logistics and are in the process of completing all other start up matters.

The Company has had discussions with the ASX regarding relisting and it is currently proposed to happen on the 3[rd] May.

The Processing Plant is ready for start up on 1[st] June and we should be pouring gold shortly thereafter.

Following a review of the Mt Ida gold processing it has been decided the most cost effective and expeditious method is to use the Davyhurst Plant with the addition of a small ball mill, gravity and flotation circuits. This will enable the Mt Ida high grade underground ore to be processed taking advantage of all established infrastructure and permitting. The capital cost will be in the order of $3.5 million and construction should commence during the 3[rd] Quarter.

Carnegie Gold has a large landholding of some 2,200km[2] which with the current gold price (together with the expected continued increase) is highly prospective for 2g/t gold. The Company is currently in discussions with a group to joint venture the exploration thereby allowing Swan Gold to focus on production.

Now that the difficult issues are well and truly behind us we do look forward to recommencing the operations and thereby producing a significant strong positive cash flow. The Company has assembled a team of highly experienced gold professionals who have come together and developed into a cohesive team.

As many financial commentators agree the future of gold remains very buoyant and, in fact, it is widely tipped that in the next few years gold should exceed US$2,000/oz. The Company will adopt a dividend policy of distributing 50% of the profits to shareholders while retaining the balance to grow the Company.

The new directors look forward to Swan Gold Mining Limited becoming a well managed and profitable West Australian Gold Producer.

Thank you.