Appendix 3B New issue announcement

Appendix 3B

For Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Minemakers Limited

ACN

116 296 541
We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued

Unlisted Options

2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

1,375,000

3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid

+securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for

conversion)

Unlisted options, exercise price 36 cents and expiring on 3 January 2014

+ See chapter 19 for defined terms.

1/1/2003 Appendix 3B Page 1

Appendix 3B

New issue announcement

4 Do the +securities rank equally in all No

respects from the date of allotment

with an existing +class of quoted

+securities?

If the additional securities do not rank equally, please state: