SCIDEV LTD — M&A Activity 2007

Mar 21, 2007

JERVOIS MINING LIMITED

A.B.N. 52 007 626 575

22 March 2007

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

ASX ANNOUNCEMENT

Re: Intec Ltd

The Board of Jervois Mining Limited (ASX: JRV, "Jervois") recently advised the market that Intec Ltd (Intec) had requested a meeting with the Board of Jervois (ASX announcement 9 March 2007).

The Board has now met with Intec and has subsequently considered proposals that were presented at that meeting.

After deliberation, the Board has formed the view that the proposals are not in the best interests of Jervois shareholders and do not accurately reflect the real value of the Company's assets and its potential going forward as a Nickel and Cobalt producer.

Jervois owns the Young Nickel/Cobalt Project in Central NSW, which contains 1.6 million tonnes of nickel metal and 168,000 tonnes of cobalt metal. The company aims to produce 60,000 tonnes per annum of nickel and 6,000 tonnes per annum of cobalt in concentrate. The Company has funded its own research into the hydrometallurgical processing of the metals found at its Young deposit which has vielded excellent recoveries in both nickel and cobalt.

The Board has advised Intec of its position and Intec has confirmed that the merger proposals are at a end.

Yours faithfully,

De Punell

DUNCAN C. PURSELL MANAGING DIRECTOR

For further information contact:

Duncan Pursell Managing Director Jervois Minina Ltd (03) 9670 3766

Lou Caruana Media Consultant Farrington National Mob: 0413 486 155

or visit the website - www.jervoismining.com.au

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