RAIDEN RESOURCES LIMITED — Capital/Financing Update 2006

Sep 27, 2006

ASX Announcement

Key Points:

• Medical Monitors has acquired its first in a series of health and lifestyle villages called Brisbane River Terraces (BRT)
• The 99 properties that make up the BRT village have been sold
• Ashmond Villas is the second planned purchase in a series of health and lifestyle villages on offer from Parkway Developments Australia
• MDM intends to develop a second generation of medical monitoring technologies tailored to the over 50's village homeowners

Medical Monitors completes purchase of Brisbane-based health and lifestyle village

Sydney, Australia: 28 August 2006: Medical Monitors (ASX: MDM) has now completed the acquisition of its first health and lifestyle village, Brisbane River Terraces (BRT), with all 99 properties sold and providing an ongoing secured initial $525K net income for the company increasing with CPI annually.

BRT is an over 50's environmentally friendly health and lifestyle village that provides home-owners with all the facilities for resort style living, including leisure center, salt water pool, security and boat access to the local Brisbane River

BRT is the first in a series of health and lifestyle villages to be acquired by Medical Monitors from Resort Lifestyle Villages, a subsidiary of Parkway Developments Australia (PDA), Ashmond Villas, with its 57 home owners, is the second village planned for acquisition from PDA and is situated near Noosa. on the Sunshine Coast of Queensland. Through an exclusive first right of refusal option, a series of similar villages, at different development stages, have been offered by PDA to MDM for future acquisition. PDA has an option to retain up to 30% convertible equity in all acquisitions.

"This is a significant turning point for the company, as we lay down the foundations for repositioning into the health and lifestyle property market targeting the growing baby boomer population," said Dr Allan Shell, Managing Director of Medical Monitors.

"With the option to purchase a solid pipeline of over 50's health and lifestyle villages across Australia from PDA, we are confident that our new business strategy will 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.

Primedical International Holdings, which is being listed on the OTC Bulletin Board of NASDAQ, distributes MDM's monitoring technology to the UK, USA and European markets. MDM will maintain approximately a 30% equity stake in Primedical International Holdings.

Dr Shell explained that the company intends to develop a second generation of medical monitoring technologies, that are suitable 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", he said.

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

"The villages will provide direct access to an existing client base to develop new medical monitoring packages. Our second generation technologies will also have a direct channel to the international market through our established global distributor," said Dr Shell.

	For further information, please contact:

Medical Monitors
Dr Allan Shell
Managing Director
$+61293448100$
ashell@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 poised to invest 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.

Property:

Brisbane River Terraces is a well appointed over 50's health and lifestyle village located alongside the tranquil Brisbane River. The village has 99 owner-occupied homes and is spread over a 10 hectare property. All residents enjoy the video monitored security of the gated community and have access to the village community facilities; such as in-ground swimming pool, community hall with gymnasium, craft room and library, as well as boat storage and ramp access to the Brisbane River. The village is conveniently located only 20 minutes from the major city of Brisbane.

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

Ashmond Villasis an over 50's health and lifestyle village. The village has 57 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.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 marketplace 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