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ORBMINCO LIMITED Capital/Financing Update 2006

May 16, 2006

Capital/Financing Update

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17 May 2006

Manager of Company Announcements Australian Stock Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

The Company confirms that its Rights Issue Prospectus dated 2 May 2006 is being dispatched to Shareholders today.

Yours faithfully

Mart Rampe

Mart Rampe Executive Director

For further information please contact Mart Rampe, Executive Director, on (02) 46479566 or Warwick Grigor, Chairman, on (02) 92470077.