RAIDEN RESOURCES LIMITED — Capital/Financing Update 2006

May 22, 2006

23 May 2006

ASXANNOUNCEMENT

MEDICAL MONITORS COMPLETES EXCHANGE ON BRISBANE RIVER TERRACES

As previously announced to the ASX on the 26 February, 2006, Medical Monitors Limited (ASX:MDM) has now exchanged purchase contracts for Brisbane River Terraces (BRT), an "Over 50's" residential village covering some 11 hectares of land along the Brisbane River in Queensland.

The agreed purchase price of $6.3 million for BRT was based on a valuation by a registered independent bank appointed valuer. Competitive finance terms have been arranged with a major Australian bank. The contracted purchase price includes the vendor accepting $300,000 equity in MDM (being 1.5 million Ordinary Shares issued at 20 cents). The settlement date is the 31 August, 2006.

BRT will generate secure growth in earnings for MDM, with an initial $506,000 nett cash flow expected in the first year.

The Directors also believe that the BRT purchase represents the first of a number of investment opportunities for MDM in Australia, particularly in the expansion of MDM's products and services to the growing population of the 'baby-boomer' generation that are attracted to "Over 50's" residential villages. It is anticipated that this model will provide a continuing income stream for the Company.

The market will be informed of further developments as is required under Listing Rule 3.1 on contiunous disclosure

For further information please contact:

Dr Allan Shell Managing Director

Medical Monitors Limited Suite 407 Office Tower Westfield Eastgardens Eastgardens NSW 2036 Australia Tel 02 9344 8100 Fax 02 9344 8200