RAIDEN RESOURCES LIMITED — Capital/Financing Update 2006

Dec 3, 2006

ASX Announcement

Key Points

• Medical Monitors has acquired its second health and lifestyle village Ashmond Villas, located in Queensland
• Medical Monitors intends to utilize its monitoring technologies for the over 50's village homeowners

MDM completes purchase of another Queensland based health and lifestyle village

Sydney, Australia: 4 December 2006: Medical Monitors (ASX: MDM) has now completed the acquisition of its second health and lifestyle village, Ashmond Villas, in Coorov, Queensland, which will provide a secure net income of approximately \$275,000 in the first year, increasing with CPI.

Ashmond Villas is an over 50's environmentally friendly health and lifestyle village that provides its 56 home-owners with all the facilities for resort style living, including community center and in-ground pool. The village is situated in Cooroy, which is just 15 minutes by road from Noosa and the popular Sunshine Coast of Queensland, and is set within lush gardens, a small rain forest and natural lagoon surrounds.

As previously announced, Ashmond Villas is the second in a series of health and lifestyle villages to be acquired by Medical Monitors from Parkway Developments Australia (PDA). PDA has offered MDM an exclusive first right of refusal option on future property acquisitions.

"The Company remains focused on repositioning itself into the health and lifestyle property market targeting the growing baby boomer population," said Dr Allan Shell, Managing Director of Medical Monitors.

"We are confident that our new business strategy will continue to provide major benefits by way of secure increasing income streams and future opportunities for our shareholders," he said.

Medical Monitors' new business strategy proposes to generate secure revenue from purchasing a series of over 50's health and lifestyle properties, and from its investment in the global distribution of its medical monitoring technologies through Primedical International.

Medical Monitors intends to utilize its monitoring technologies for the over 50's population living in the Australian health and lifestyle villages. "One in three people in the over 50's market have cardiovascular conditions that make them ideal customers of the medical monitoring packages", said Dr Shell.

"The villages will provide direct access to an existing client base for medical monitoring packages that we are developing. A second generation of technologies will also have a direct channel to the international market through our established global distributor," said Dr Shell.

For further information, please contact:

Dr Allan Shell (02) 9344 8100 ashell@medmon.com.au

Medical Monitors Limited Suite 407 Westfield Eastgardens Eastgardens NSW 2036 Tel (02) 9344 8100 Fax (02) 9344 8200 Web site: www.medmon.com.au

About Medical Monitors:

Medical Monitors (ASX: MDM) is a health sector company generating revenue from investment in resort lifestyle property and medical technology for the over 50s. The company specialises in home-based medical monitoring technology which allow doctors to remotely monitor the cardiovascular health of their patients. The technologies have been granted US Food and Drug Administration notification to enable marketing and sales. The US arrhythmia monitoring market estimated to be more that USD\$550 million.

Medical Monitors is investing in a number of fully leased health and lifestyle villages around Australia to build its asset base. It intends to develop new health packages for the over 50's market, utilising its direct access to the baby-boomer population in the acquired health and lifestyle villages.

About Parkway Developments Australia:

Parkway Developments Australia (PDA) is a property development and management business and has recently incorporated Resort Lifestyle Developments (RLD) into the group. PDA specialises in the development and management of high quality, secure resort style over 50s residential villages. PDA has a team of professionals which include civil engineers, surveyors, lawyers, chartered accountants and builders as well as in house expertise of project management and development marketing. PDA's philosophy is simple; develop residential environments which set new levels of design comfort, affordability and security.

Ashmond Villas is an over 50's health and lifestyle village. The village has 56 owner-occupied homes spread over 4 hectares, and is well complimented by picturesque rainforest surrounds. All residents enjoy the video monitored security of the gated community and have access to the village community facilities: such as inground swimming pool, community hall with gymnasium, craft room and library. The village is conveniently located at Coorov, just 15 minutes outside Noosa on the Queensland Sunshine Coast. A championship Golf Course is directly across the road and residents are in walking distance to beautiful Cooroy Village.

About Primedical International:

The merged Company, to be named Primedical International Holdings, Inc., will have newly appointed Directors and will be engaged in the business of telemedicine and remote ambulatory monitoring. The Company will acquire iCardia Healthcare Corporation, located in Lake Forest, Illinois, which has revolutionized the ECG monitoring service marketolace with its unique 'single-use' approach to ECG monitoring, creating unprecedented convenience for physicians and new levels of security for patients.

Primedical's strategy is to rapidly grow its current business in North America through iCardia, and to expand into Europe using MDM's cutting edge Australian designed technology for the US arrhythmia monitoring market. Frost and Sullivan have estimated that the US market for all monitoring devices in 2004 was worth US\$296million and that the associated services market was worth up to US\$3.24 billion. (www.primedical.com)

About iCardia Healthcare Corporation:

iCardia's Single Use Patient Event Recorder (suPER) and proprietary application systems were developed by Medical Monitors and provide groundbreaking innovations in the diagnosis and treatment of cardiac arrhythmias. The lightweight, simple monitor boosts patient compliance, is absolutely hygienic and delivers high quality data. The service rapidly receives ECG transmissions and produces reports that can be viewed. annotated, and stored electronically, thereby enhancing analysis, interpretation, and mean time to diagnosis.(www.icardia.com)

Medical Monitors Limited Suite 407 Westfield Eastgardens Eastgardens NSW 2036 Tel (02) 9344 8100 Fax (02) 9344 8200 Web site: www.medmon.com.au