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Axiom Mining was incorporated in June 1992, when it began its Vietnam exploration-mining activities and has maintained a presence in Vietnam ever since. The history of Axiom Mining covers some 14 years of experience in dealing with a new commercial mining frontier, which have now positioned Axiom Mining well for an extensive two-year drilling campaign.

Axiom Mining�s prime business objective is to move from exploration and resource definition to feasibility study stages on its Projects that meet commercial parameters of grade and tonnage needed for profitable exploitation, as determined by feasibility studies.

Priority will be given to projects where mining, initially by lower cost open pit methods, is feasible. Priority projects are the Sepon area projects at Quang Binh and Quang Tri and the Cardross and OK Mines projects in Queensland.

Axiom Mining has been strategically focused on Vietnam and Laos, as those two countries have had recent major mineral discoveries while remaining two of the most under-explored mineral regions in Southeast Asia. Axiom Mining�s persistence and experience in working in Vietnam has resulted in it being one of only seven foreign companies to be issued mining or exploration licences in 2006. I The Company considers that Vietnam and Laos have geological potential for major discoveries, but these substantial exploration programs take time.

As part of a strategy to balance its exploration profile Axiom Mining has broadened its strategic focus to encompass Queensland in Australia, where increases in the issue of exploration titles combined with the recent escalation of metal prices has seen growth in exploration activities and new discoveries around historic mine sites. The Company�s targets in Queensland include tenements over historically significant metal producing mines. The application of modern exploration technology and concepts are being used by Axiom Mining to explore at depth below these mines and other areas on the tenements showing similar geological, geophysical and geochemical signatures.

Axiom Mining intends to complete a comprehensive two-year drilling campaign on four of the major prospects in both Vietnam and Queensland with an objective over that two-year period to delineate a mineable resource in one or more of the prospects.

With its Southeast Asian focus, Axiom Mining has attracted the AIM listed Vietnam Opportunity Fund (�VOF�), an investment fund company managed by VinaCapital as a strategic cornerstone investor. VOF has a shareholding of approximately 15% and a right to subscribe for up to 42,000,000 shares for up to 30 months after the commencement quotation of the Company�s shares in December 2006.

Axiom Mining has assembled a team of experienced explorationists who together with more recent graduates provide an optimum blend of know-how and enthusiasm.

Axiom Mining has a strong Board of six comprising four non-executive Directors, one representing VinaCapital, and two executive Directors. The Board has extensive and proven technical, corporate and management expertise that will be beneficial in ensuring maximisation of the Company�s prospects for future mine development.

The Company although registered in Hong Kong has chosen to list on the Australian Stock Exchange because of the depth of the resources sector on that exchange. The Company�s financial, accounting and corporate governance complies with the ASX Listing Rules and its accounts will be prepared to comply with the international accounting standards.

The Board views the outlook for metal prices as continuing to be positive for the foreseeable future and is confident the Company has the projects and calibre of management capable of delivering its exploration goals.