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ORION EQUITIES LIMITED Capital/Financing Update 2004

Jan 11, 2004

65486_rns_2004-01-11_8f68b5fa-3ad8-41e5-bcaf-5dcdc8607c0a.pdf

Capital/Financing Update

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Monday, 12 January 2004

JOINT MARKET ANNOUNCEMENT

\$19m Settlement Deed Payment Received

Queste Communications Ltd ("Queste") and its 48.817% controlled entity Central Exchange Ltd ("Central Exchange") are pleased to announce that Minara Resources Limited (formerly Anaconda Nickel Limited) ("Anaconda") has today paid \$19,051,014 to Central Exchange pursuant to a settlement deed (the "Settlement Deed") between Anaconda and Central Exchange.

For further information, please contact:

Victor Ho Company Secretary Queste Communications Ltd Tel: (08) 9214 9777

William Johnson Executive Chairman Central Exchange Ltd Tel: (08) 9214 9797

www.queste.com.au