ORBMINCO LIMITED — Capital/Financing Update 2007

Jun 12, 2007

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

MONARO MINING NL

ABN

99 073 155 781

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{1}$ ⁺Class of ⁺securities issued or to be issued

Ordinary Fully Paid Shares

Number of *securities issued or to $\overline{2}$ be issued (if known) or maximum number which may be issued

5,000 Ordinary Fully Paid Shares

3 Principal terms of the *securities (eg, if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if *convertible securities, the conversion price and dates for conversion)

⁺ See chapter 19 for defined terms.

4	Do the *securities rank equally in all respects from the date of allotment	Yes
	with an existing *class of quoted
	*securities?
	If the additional securities do not
	rank equally, please state: the date from which they do
	which the extent to they
	participate for the next dividend, of. case a $\sin$ the trust.
	distribution) or interest payment
	the extent to which they do not ۰ rank equally, other than $\mathbf{m}$
	relation to the next dividend,
	distribution or interest payment
5.	Issue price or consideration	\$1.20 per share
6	Purpose of the issue (If issued as consideration for the		Exercise of 5,000 listed 31 July 2007 options
	acquisition of assets, clearly identify	into fully paid shares.
	those assets)
7	Dates of entering *securities into	13 June 2007
	uncertificated holdings or despatch of certificates
		Number	+ Class
8	Number and + class of all	24,923,604	ORD
	*securities ASX quoted on (including the securities in clause	4,201,521	31 July 2007 Options
	2 if applicable)

⁺ See chapter 19 for defined terms.

		Number	+ Class
9	Number class οf and aIl securities not quoted on ASX (including the securities in clause 2 if applicable)	5,200,000	Restricted Part-Paid (paid to 0.001 cent, 19.999c unpaid)
		600,000	Options Expiry 30/06/07 (MROAK)
		1,800,000	Options Expiry 31/12/08 (MROAM)
		350,000	Employee Options Expiry 19/04/11 (MROAO)
		750,000	Options Expiry 31/12/08 (MROAO)
10	Dividend policy (in the case of a trust, distribution policy) on the	Not applicable

Part 2 - Bonus issue or pro rata issue

security $11$ $Is$ holder required?

Items 11 to 33 are Not Applicable

Part 3 - Quotation of securities

increased capital (interests)

You need only complete this section if you are applying for quotation of securities

approval

• 34 Type of securities (tick one)
• Securities described in Part 1 $(a)$
• $(b)$

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of conve

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

⁺ See chapter 19 for defined terms.

-35	If the "securities are "equity securities, the names of the 20 largest holders of the additional securities, and the number and percentage of additional securities held by those holders
-36	If the "securities are "equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100.000 $100,001$ and over
37	A copy of any trust deed for the additional *securities

Entities that have ticked box 34(b)

securities in clause $38$ )

Items 38 - 42 Not Applicable - Entity did not tick box 34(b)

41 (ii)	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period issued upon of conversion another security, clearly identify that other security)	N/A
42	Number and + class of all + securities quoted on ASX (including the	Number N/A	*Class N/A

$+$ See chapter 19 for defined terms.

Quotation agreement

• $\mathbf{I}$ *Ouotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the *securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• If we are a trust, we warrant that no person has the right to return the $\bullet$ *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Date: 12 June 2007

Sign here:

(Company Secretary)

Print name:

June Atling

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. . . . . .

⁺ See chapter 19 for defined terms.