ORBMINCO LIMITED — Board/Management Information 2008

Sep 15, 2008

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16 September 2008

ASX ANNOUNCEMENT

APPOINTMENT OF GENERAL MANAGER USA OPERATIONS

Monaro Mining NL (“Monaro” or “the Company”) is pleased to advise that it has appointed Mr Denis Geldard to the position of Executive General Manager – USA Operations. Mr Geldard, brings to the Company a strong level of operational and management experience acquired over a career spanning more than 40 years. He has managed open pit and underground mining operations and he has extensive experience with a number of different process routes that include heap leaching, CIL and CIP gold recovery, conventional milling and flotation and gravity circuits. His career has included periods with leading mining companies such as Iluka Resources, PT Koba Tin, Whim Creek Consolidated and Boral Contracting, in countries that include Australia, Indonesia, Ghana and the USA.

Mr Geldard, is a mining engineer and a graduate of the Kalgoorlie School of Mines (1972). He is a member of the Australasian Institute of Mining and Metallurgy and has had extensive corporate exposure, having been a director of a number of listed public companies. His other strengths include operational troubleshooting, adoption of innovative technologies and productivity improvements, financial management, strategic planning and management of human resources.

Commenting on the appointment, the Chairman, Mr Warwick Grigor, said:

“We are very fortunate to be able to secure the services of Denis. His extensive management skills will be invaluable in the consolidation of the operations of Uranium King and Monaro, His experience as a pioneer of the heap leaching in Australia will be directly applicable to our Apex uranium project in Nevada, and his years as General Manager of Operations for Iluka Resources in the USA means that he is going back to a country in which he is comfortable operating. We couldn’t have wished for a better fit”.

FURTHER INFORMATION

For further information please contact Mart Rampe, Managing Director, on +61 2 4647 9566 or Warwick Grigor, Chairman, on +61 2 9247 0077.

ABOUT MONARO MINING NL - BUILDING A SERIOUS URANIUM COMPANY

Monaro Mining NL is a uranium specialist listed on the ASX and Frankfurt, and Monaro American Depositary Receipts are listed for Over-The-Counter trading in the United States of America. Following the recent merger with Uranium King Limited, the Company has two 100%-owned pre-development uranium projects in Nevada and New Mexico, USA. Its Central Asian projects, in the Kyrgyz Republic, are subject to a an agreement with Sinosteel Corporation whereby that company can earn up to 60% equity by the completion of feasibility studies. Premium exploration licences are being assessed in the Northern Territory and Queensland, and initiatives are being undertaken in Estonia and Bulgaria. The Company has a strong corporate focus.