RAIDEN RESOURCES LIMITED — Capital/Financing Update 2006

Sep 14, 2006

Medical Monitors to purchase second health and lifestyle village

Sydney, Australia: 15 September 2006: Medical Monitors (ASX: MDM) today announced it has signed an agreement with Parkway Developments Australia (PDA) to purchase its second over 50's health and lifestyle village called Ashmond Villas, for $3.8 million.

Ashmond Villas is an over 50's environmentally friendly health and lifestyle village in Cooroy, 15 minutes outside Noosa on the Sunshine Coast. Queensland. The first stage of the development has been completed and the development consists of 57 homes, all sold and occupied. The development of a further 14 homes will be completed within the next 12 months. The village provides homeowners with all the facilities for resort style living, including a leisure centre, salt water pool, security, and picturesque rainforest surrounds, as well as easy access to the local amenities and services in Noosa.

Ashmond Villas will be the second in a series of health and lifestyle villages to be acquired by Medical Monitors. A number of similar health and lifestyle villages that are at different stages of development by PDA will be offered to Medical Monitors for acquisition. Medical Monitors' agreement with PDA provides it with an exclusive first right of refusal on all future health and lifestyle acquisitions from PDA.

Medical Monitors' first village. Brisbane River Terraces, has been purchased from Resort Lifestvle Developments (RLD), a subsidiary company of PDA, and will generate $525,000 net income for the company in its first year. The villages will continue to be managed by the proprietors of RLD and PDA.

"Ashmond Villas will add a solid stream of revenue, generating an initial $225,000 net income per annum, and then building to an estimated $350,000 per annum after the completion of the second stage." said Dr Allan Shell, Managing Director of Medical Monitors.

"This deal with PDA is a strong validation of our new business strategy, which is to generate revenue from a solid pipeline of over 50's health and lifestyle villages across Australia, as well as from our investment in the global distribution of our medical monitoring technologies," he said.

"We are confident that our new business strategy will provide major benefits for all of our shareholders." Dr Shell added.

Medical Monitors' technology is being distributed to the UK, USA and European markets through Primedical International Holdings, which is in the process of listing on the OTC Bulletin board of NASDAQ. Medical Monitors maintains approximately a 30% equity stake in Primedical International Holdinas.

Medical Monitors intends to develop a new generation of medical monitoring packages, 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 population have cardiovascular conditions that require ongoing monitoring. and provide for a strong channel of customers for these products.

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

For further information, please contact:
Media	Medical Monitors
Daniella Goldberg	Dr Allan Shell
+61 2 9237 2800	Managing Director
dgoldberg@bcg.com.au	$+61293448100$
	ashell@medmon.com.au
Investor communication
Rebecca Piercy
+612 9237 2800
rpiercy@bcq.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.

Ashmond Villas is an over 50's health and lifestyle village. The village has 57 owner-occupied homes .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. The village is conveniently located at Cooroy, 15 minutes outside Noosa on Queensland Sunshine Coast and is well complimented by picturesque rainforest surrounds. A championship Golf Course is directly across the road and residents are in walking distance to beautiful Cooroy Village.

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

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.

About Primedical International:

Primedical International Holdings, Inc., will have newly appointed Directors and will be engaged in the business of telemedicine and remote ambulatory monitoring. The Companys' fully owned subsiduary iCardia Healthcare Corporation, located in Lake Forest, Illinois. 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