SCIDEV LTD — M&A Activity 2007

Apr 1, 2007

JERVOIS MINING LIMITED

626.575

2 April 2007

Australian Stock Exchange Limited Exchange Centre Level 10 20 Bond Street SYDNEY NSW 2000

ASX ANNOUNCEMENT

Re: Merger Proposals By Intec Ltd

In response to queries from shareholders, the Board of Jervois Mining Limited offers the following comments in relation to the recent merger proposals by Intec Limited.

The board of Jervois Mining Ltd (Jervois) terminated recent merger discussions with Intec Ltd (INL) when it became obvious INL could not bring sufficient value to the proposed transaction.

Shareholders will recall INL recently acquired a large number of Jervois shares and subsequently sold these shares at a profit after the merger discussions were terminated.

Jervois Directors quickly resolved that the 'proven technology', claimed by INL in its announcement of 23 February, 2007, was neither appropriate nor relevant to the company's nickel laterite project at Young.

The Jervois Board has also determined that the work being undertaken for the company by Canadian consultant, Dr Bryn Harris, on chloride extraction technology for nickel laterites, is far more advanced than work being carried out by other companies, including INL.

INL claim that their demonstration plant at Burnie in Tasmania, would have been beneficial for testing the Young laterite. The demonstration plant has a capacity of only 1,500 tonnes a year. To adequately test the nickel laterites at Young a demonstration plant of 20,000 to 50,000 tonnes a year is required, rendering the INL test facility proposal unrealistic and inadequate.

It also became clear to Jervois Directors that the only asset that INL could bring to any merger proposal, were the remnant mine tailings at the Hellyer mine in north west Tasmania. INL's metal recovery technology is unable to economically recover precious metal from the Hellyer tailings and is only able to recover zinc metal. INL's merger proposal would only have been worthy of consideration if the precious metals were capable of being recovered.

The Jervois Board determined that the proposal did not create any real additional value for Jervois shareholders.

The Jervois Board remains committed to creating value for shareholders through the development of a suitable technology for the economically viable production of nickel from the large laterite deposit at Young in NSW.

By Order of the Board,

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DUNCAN C. PURSELL MANAGING DIRECTOR