ORBMINCO LIMITED — Share Issue/Capital Change 2007

Feb 15, 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).

⁺Class of ⁺securities issued or to be | Ordinary Fully Paid Shares $\mathbf{1}$ issued

• $3,750$ $\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued
• Principal terms of the ⁺securities $\overline{3}$ (eg, if options, exercise price and date; if partly expiry paid ⁺securities, the amount outstanding and due dates for payment; if +convertible securities. the conversion price and dates for conversion)

N/A

$+$ See chapter 19 for defined terms.

4	Do the + securities rank equally in all respects from the date of allotment 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 (in the case trust. $\mathbf{a}$ distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	Yes
5	Issue price or consideration	\$1.20 per share
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Exercise of 3,750 listed 31 July 2007 options into fully paid shares.
7	Dates of entering + securities into uncertificated holdings or despatch of certificates	16 February 2007
		Number	+Class
8	Number + class of and all ASX + securities quoted on (including the securities in clause 2 if applicable)	23,605,350 4,919,775	ORD 31 July 2007 Options

• See chapter 19 for defined terms.

الدامد الصابي

سادد

L.

$\omega_{\rm c}$ and $\omega_{\rm c}$

$\sim$ 1000 $\sim$

$\ddot{\phantom{0}}$

÷. $\frac{1}{2}$ , where

Appendix 3B Page 2

__ _ _ _ _

		Number	+ Class
9	Number and + class of all *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)
		1,200,000	Options Expiry 30/06/07 (MROAK)
		1,800,000	Options Expiry 31/12/08 (MROAM)
		350,000	Employee Options Expiry 19/04/11 (MROAO)
		700,000	Options Expiry 31/12/08 (MROAQ)
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Not applicable

Part 2 - Bonus issue or pro rata issue

$11$ Is security holder required?

approval I tems 11 to 33 are Not Applicable

Part 3 - Quotation of securities

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

• $34$ Type of securities $(ick one)$
• 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)
38	Number of securities for which + quotation is sought	Items $38 - 42$ Not Applicable
39	Class of + securities for which quotation is sought	N/A
41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)	N/A
42	Number and + class of all + securities quoted on ASX (including the securities in clause 38)	Number N/A	+ Class N/A

$\sim$

$\ddot{\phantom{0}}$

i.

$\Delta \sim 10^4$

$\beta_{\rm c} = 1/2$

$\mathbf{r}$ $\sim$ $\overline{a}$

Appendix 3B Page 4

$\mathcal{L}=\mathcal{L}(\mathcal{L})$ .

المناطب

⁺ See chapter 19 for defined terms.

Ouotation agreement

• +Ouotation of our additional +securities is in ASX's absolute discretion. ASX may $\mathbf{1}$ 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 $\bullet$ 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.
• We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{3}$ 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.

. . . . . .

== == == == ==

(Company Secretary)

June Atling

Sign here:

Date: 16 February 2007

Print name:

⁺ See chapter 19 for defined terms.