On 8 Jul 2008, Tango Mining, jointly established by the company and PT Antam Tbk for the purposes of acquiring Herald Resources Ltd, announced an extension to the effective period of its offer price of AUD 2.80 from 8 Jul to 15 Jul 2008 at 5:00 pm, Perth (Australia) time.

On 2 Jul 2008, PT Bumi Resources Tbk, Tango's competitor, announced its offer price of AUD 2.85, effective until 18 Jul 2008.

Board of Directors
9 Jul 2008

Source: Securities Times

Date: 9 Jul 2008

CN01/JZ/DM/BT/MM