ORBMINCO LIMITED — Board/Management Information 2007

Oct 7, 2007

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08 October 2007 Media Release/ ASX Announcement

Board Changes

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Monaro Mining NL is pleased to announce the appointment of Mr Malcolm James as NonExecutive Director to the Company, with immediate effect.

Mr James is a business graduate of RMIT University in Melbourne, Australia with over 25 years experience in merchant banking, engineering, manufacturing and financing. Over the last 15 years he has played an active role in the identifying, exploring, financing and developing a number of significant natural resource projects in Australia, the former Soviet Union, the Middle East, Africa and Asia.

Mr James is Chairman of Australian Stock Exchange listed companies Peninsula Minerals Limited and Lefroy Resources Ltd. Mr James is also a director of two AIM listed companies namely Summit Resources Plc and Cue Energy Plc.

Mr Michael Evans, who has been a Non-Executive Director of the Company and Chairman of the Company’s Audit Committee since 2005, has resigned from the Company to focus his energies on driving First Australian Resources Ltd of which he is Chairman and Chief Executive Officer. It is proposed that Mr James assume the role of Chairman of the Audit Committee. The Board expresses its appreciation to Mr Evans for his past services that included assisting Monaro with its initial public offering and representation on the audit committee.

Further Information please contact:

Mart Rampe, Executive Director Monaro Mining NL Tel: (02) 46479566

Warwick Grigor, Chairman Monaro Mining NL Tel: (02) 92470077

Website: www.monaromining.com.au