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SILVER MINES LIMITED Financial Supplement Data 2007

Jan 17, 2007

65881_rns_2007-01-17_29f03c97-877b-4f33-af87-5a0bbde4018d.pdf

Financial Supplement Data

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Pro-forma Statement of Balance Sheet (post IPO) as at 18 January 2007

\$
Assets
Cash
4,403,938
Security Deposits 6,545
Trade and other receivables 47,082
Total current assets 4,457,565
Non Current Assets
Property plant and equipment 19,303
Security Deposits - DMR 260,000
Deferred Exploration 118,060
Total non current assets 397,363
Total Assets 4,854,928
Liabilities
Trade and other creditors 5,865
Total current liabilities 5.867
Net Assets 4.849.063
Equity
Issued capital 4.952,616
Accumulated losses (103, 553)
Total equity attributable to equity holders of parent 4.849.063

ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS

All financial information disclosed in the pro-forma Statement of Financial Position shown above has been prepared in accordance with current generally accepted accounting principles and Australian Equivalents to International Financial Reporting Standards ('AIFRS').

E: info@silvermines:td.com.au W: www.siverminesltd.com.au

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