Dioro Exploration

Dioro is a gold production company that has exposure to uranium through projects located in Western Australia. Dioro recently acquired Harmony’s South Kalgoorlie operations near Kalgoorlie in Western Australia which produced in excess of 80,000 ounces in calendar 2007. The South Kal Project includes the operating Jubilee 1.2mtpa mill, three years of reserves at current production rates, and a measured and indicated resource inventory of approximately 1.55 million ounces. In addition a large highly prospective tenement package covering an area of in excess of 1100 km2 is being acquired.

Dioro has a total JORC compliant measured and indicated resource inventory of approximately 2.1 million ounces of gold (when combining 49% of the company’s Frog’s Leg project and 100% of South Kal). Dioro has a proven & profitable Ore Reserve inventory of 533,000 ounces as at Dec 31 2007.

The Company’s secondary asset is the 49 per cent interest in the Frog’s Leg project located 25km west of Kalgoorlie. La Mancha Resources holds 51 per cent of the project. After incorporating recent excellent drilling results the Frog’s Leg total measured and indicated resources is now 723,000 ounces of gold (Dioro share 354,000 ounces) and proven & probable Ore Reserves of 622,000 ounces (Dioro share 305,000 ounces). Gold production is scheduled for 2008. Dioro recently signed a farm-out deal with Vale (formerly CVRD) to explore the Kunderong and Kennedy uranium projects (combined area approximately 1800km2) which are pegged over 50km length of the Breshnahan unconformity that is prospective for unconformity style uranium mineralization. The Projects are located 200km SW of Newman in Western Australia.