ORA BANDA MINING LTD — M&A Activity 2011

May 31, 2011

1 JUNE 2011

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ASX / MEDIA RELEASE

COMPANY UPDATE

Swan Gold Mining Limited (ASX: SWA) advises that the Board has received a conditional offer from DCM DECOmetal GmbH (DCM) for the acquisition of Swan’s subsidiaries that own the Carnegie and Mt Ida gold projects. The offer expires on Friday 3 June 2011.

The Board is considering the offer and will make a further announcement in due course.

For more information: Keith Vuleta Director Tel: 08 6389 6800

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