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About Indo Mines Limited

In August 2005 Indo Mines Ltd commenced an evaluation of a large iron sands project in Indonesia.

The Company plans to focus primarily on the Jogjakarta Project in Indonesia as well as other potential Indonesian developments. The Company in the process of divesting itself of its remaining non-core assets whilst still maximising shareholders' value in these projects.

The Directors of Indo Mines are excited about the prospects of the Jogjakarta Ironsands Project in Indonesia and believe this project has the potential to build the Company into a mining house which will transform the value of shareholders' interests.