ORBMINCO LIMITED — Capital/Financing Update 2006

Apr 20, 2006

21 April 2006

PRO RATA NON-RENOUNCEABLE OPTION ENTITLEMENT ISSUE - UPDATE

Further to the release dated 31 March 2006 in respect of the Company's proposed pro rata nonrenounceable offer of one (1) Option (exercisable at \$1.20 each on or before 31 July 2007) at an issue price of \$0.10 for every four Ordinary Shares held to raise approximately \$462,500 before costs (Entitlement Issue), the Company advises that the timetable for the proposed Entitlement Issue has been amended. It is anticipated that the Record Date will now be during early May.

The Company will provide an updated timetable as soon as practicable, with the Prospectus for the Entitlement Issue to be lodged with ASIC shortly.

Wlast Rampe

Mart Rampe Executive Director

Further Information

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