RAIDEN RESOURCES LIMITED — Capital/Financing Update 2006

May 24, 2006

25 May 2006

Company Announcements Office Australian Stock Exchange Ltd Sydney 2000

RE: Private Placement of Shares (ASX:MDM)

The Directors are pleased to announce that a Private Placement of Fully Paid Ordinary Shares has now been completed, under Listing Rule 7.1.

A total of 4,000,000 fully paid ordinary (FPO) shares will be issued, with a total of \$800,000 raised at \$0.20 per share in the placement.

The funds will be used as working capital to continue our strategy of developing new business in ECG and blood pressure monitoring, as well as to assist in the process of completing the purchase of the recently announced Brisbane River Terraces residential village (ASX Notice of 23 May, 2006).

Medical Monitors remains committed to the significant sales and marketing opportunities that have been created internationally, through its distribution agreement with Primedical International, and continues to progress a number of opportunities in the Australian market.

Medical Monitors Limited is an Australian health service and medical technology company that enables people to simply and effectively monitor specific cardiovascular conditions through unique technology.

Dr Allan Shell Managing Director