TEMORA

Goldminco announced an update on it’s recent exploration activities at the Tick Hill, Blayney and Temora projects in Australia. Highlights on the Tick Hill Project include the delineation of a 1 km x 200 m copper/gold/cobalt soil geochemical anomaly at the Spring Creek prospect. On the Blayney Project, a strong IP chargeability anomaly associated with a resistivity high was identified at the Bluebird prospect and an IP survey targeting structurally controlled copper/gold mineralised systems below the Tertiary basalt cover was commenced. On the Temora Project, an 8,000 m drill program is planned.

Goldminco provides an update to the company's recent exploration activities at the 100% owned Temora project. Hole TTDD005 returned an intersection of 52 m @ 0.27% Cu and 0.40g/t Au (0.5% Cu equivalent) at the Dam porphyry copper-gold prospect. Mineralisation of 50 m @ 0.5% Cu equivalent or better extended by approximately 200 m north.

Announced the intersection of 86 m @ 0.49% Cu and 0.24g/t Au within hole TYHD007 located 400 m north of the existing Yiddah copper and gold resource. Mineralisation at Yiddah was extended by 400 m. Strike length now totals 1.5 km and open in all directions. Metallurgical copper recoveries of up to 94% to produce a copper concentrate grading in excess of 20% Cu at Yiddah. Flotation testing demonstrated that copper recoveries of over 90% could be achieved at marketable concentrate grades of over 20%Cu and in all cases the copper floated exceedingly quickly.