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PEEL MINING LIMITED Share Issue/Capital Change 2008

Feb 10, 2008

65545_rns_2008-02-10_4fc7995b-e74c-4409-a088-6512423fa19b.pdf

Share Issue/Capital Change

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ABN: 42 119 343 734 Level 1/ 79 Hay Street, Subiaco WA 6008 www.peelex.com.au

11[th] February 2008

The Australian Stock Exchange ASX Company Announcements Office Level 5, 20 Bridge Street Sydney NSW 2000

Dear Sir,

re: Release from Escrow of Restricted Securities

The Board of Peel Exploration Limited wishes to advise that under Listing Rule 3.10A the following restricted securities will be released from escrow on 22[nd] February 2008.

Description of security Number Date of Release
Fully paid ordinary shares 1,000,000 22ndFebruary 2008

Please note that these fully paid ordinary shares will be quoted securities on 22[nd] February 2008.

Yours faithfully

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David Hocking Company Secretary

Peel Exploration Limited (ACN 119 343 734) Telephone (08) 9382 3955 Facsimile (08) 9388 1025 Email [email protected] Level 1, 79 Hay Street, Subiaco, Western Australia 6008