ORBMINCO LIMITED — Director's Dealing 2006

Jun 18, 2006

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

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 30/9/2001.

Name of entity	MONARO MINING NL
ABN	99 073 155 781

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Warwick Robert Grigor
Date of last notice	2/2/06

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	See Appendix $A -$ Direct and Indirect Interests of Warwick Grigor Attached
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	See Appendix $A -$ Direct and Indirect Interests of Warwick Grigor Attached
Date of change	9 June 2006
No. of securities held prior to change	1,285,080 fully paid shares 2,000,000 ordinary 20¢ shares paid to 0.1¢
Class	Options expiring 31 July 2007
Number acquired	$321,270$ options
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$32,127.00 (application money was $10¢$ each)
No. of securities held after change	1,285,080 fully paid shares 2,000,000 ordinary 20¢ shares paid to 0.1¢ 321,270 options expiring 31 July 2007, exercisable at \$1.20 each

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options resulting from a Non- Renounceable Entitlement issue pursuant to a prospectus dated 2 May 2006.
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Part 2 - Change of director's interests in contracts

Detail of contract	Nil
Nature of interest	Nil
Name of registered holder (if issued securities)	Nil
Date of change	Nil
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Nil
Interest acquired	Nil
Interest disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	Nil

Appendix A - Direct and Indirect Interests of Warwick Grigor After Change

i) Gregorach Pty Ltd 1,000,080 ordinary fully paid shares (director and shareholder) 2,000,000 ordinary 20¢ shares paid to 0.1¢ 250,020 July 31 2007, \$1.20 options ii) Far East Capital Ltd 130,000 ordinary fully paid shares 32,500 July 31 2007, \$1.20 options (director and shareholder) iii) Sgian Dubh Pty Ltd 50,000 ordinary fully paid shares (director and shareholder) 12,500 July 31 2007, \$1.20 options iv) Exponential Equities Ltd 50,000 ordinary fully paid shares (director and shareholder) 12,500 July 31 2007, \$1.20 options

$+$ See chapter 19 for defined terms.

v) Gregorach Pty Ltd (Grigor Super Fund - Beneficiary)

Total

55,000 ordinary fully paid shares 13,750 July 31 2007, \$1.20 options

1,285,080 ordinary fully paid shares 2,000,000 ordinary 20¢ shares paid to 0.1¢ 321,270 July 31 2007, \$1.20 options

⁺ See chapter 19 for defined terms.