ORBMINCO LIMITED — Capital/Financing Update 2006

Dec 17, 2006

Tel: +61 8 9322 3076 Fax: +61 8 9322 5116

Registered Office: PO Box 1393 Wost Porth WA 6872

ANNOUNCEMENT AND MEDIA RELEASE

NOTICE UNDER SECTION 708A OF THE CORPORATIONS ACT

The Company hereby gives notice to the ASX as follows:

• On 18 December 2006 the Company has issued the securities described in the $1.$ Schedule ("the Securities").
• The Securities were issued by the Company without disclosure being given $\overline{2}$ . under Part 6D.2 of the Corporations Act.
• $3₁$ This notice is given under section $708A(5)(e)$ of the Corporations Act.
• $4.$ As at the date of this notice, the Company has complied with:
• the provisions of Chapter 2M of the Corporations Act as they apply $(i)$ to the Company; and
• $(ii)$ section 674 of the Corporations Act.
• $5₁$ As at the date of this notice, there is no "excluded information" as defined in section 708A(7) and (8) of the Corporations Act in relation to the Company.

SCHEDULE Description of the Securities

2 million ordinary fully paid shares in the capital of the Company issued at a price of \$1.50 per share.

This Notice is dated the 18th day of December 2006.

Wlast Rampe

Director MONARO MINING NL