Fortbridge Media Release

Austmine [AUS] - Austmine will lead a mission to Brazil 15-20 April 2012

Austmine in partnership with Vale and Trade & Investment Queensland announces it will lead a mission to the world class Carajas Mineral Province in northern Brazil, 15 - 20 April 2012, and first-hand experience the gigantic open-cut operations and production plants, visit the mining hub in Belo Horizonte as well as meeting with Vale�s procurement executives at the headquarters in Rio de Janeiro.

Vale is the world�s biggest producer of iron ore and pellets, with the world�s largest operation located in Caraj�s, in the state of Para in Northern Brazil.

�Caraj�s is one of the richest iron ore provinces in the world with the highest levels of iron content found are 67% on average,� said Robert Trzebski, Executive Officer at Austmine.

The worlds second largest miner recently announced investments of US$21.5 billion for 2012, including 60.5 % for project execution globally. The investment budget package also includes US$2.4 billion (11%) for research and development of innovative technologies in collaboration with leading service providers.

Austmine is also convening a mission to Russia in Moscow (24-26 April) on the 16th International Exhibition and Conference, Mining World Russia 2012, for the mining and processing of metals and minerals. The mission will also include meetings with Russia�s leading mining companies.

See attachment for more information.

For more details, please contact:

Robert Trzebski
Executive Officer
Austmine
E:
P: +61 (0) 2 9357 4660

Media and PR enquiries:

Sandra Tavakoli
Public Relations Officer
Fortbridge Consulting
E:
P: +61 (0) 2 9003 0477