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Published on 4/26/2006 in the Prospect News PIPE Daily.

New Issue: Mount Burgess Mining plans A$1 million private placement

By Sheri Kasprzak

New York, April 26 - Mount Burgess Mining NL said it intends to raise A$1,002,500 in a private placement.

The offering includes up to 10,025,000 shares at A$0.10 each.

The proceeds will be used for drilling, metallurgical tests and geophysical programs on the company's base metal and diamond projects in Botswana and Namibia. The remaining proceeds will be used for working capital.

Mount Burgess, based in Perth, Western Australia, is a base metals and diamond exploration company.

Issuer:Mount Burgess Mining NL
Issue:Stock
Amount:A$1,002,500
Shares:10,025,000
Price:A$0.10
Warrants:No
Pricing date:April 26
Stock symbol:Australia: MTB
Stock price:A$0.11 at close April 26

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