Mt Isa Metals Limited

Mt Isa Metals Limited (ASX:MET) is pleased to advise that all remaining assay results have now been received from the phase two drilling program at the Barbara Copper Prospect (North Lode). The results include high grade intersections which continue to support the potential to define an open-pittable sulphide copper deposit.

D'Aguilar Gold Limited (ASX:DGR) are pleased to advise that an agreement has been entered for the sale of its 79% interest in Central Minerals Pty Ltd (ACN: 125 394 132) (Central Minerals or Central) which holds gold exploration interests in central Queensland at Rannes and Clermont.

Mt Isa Metals Limited (ASX:MET) is pleased to advise that assay results have been received for a further 15 holes from the phase two drilling program at the Barbara Copper Prospect (North Lode). The results include high grade intersections which continue to support the potential to define an open-pittable sulphide copper deposit.

Mt Isa Metals Limited (ASX:MET) is pleased to announce that significant progress has been made in respect of its previously announced strategy to expand exploration activities into the gold sector and wishes to provide an update on activities to date.

During the quarter field exploration activities have been concentrated on soil sampling and geological mapping on Central Minerals and D'Aguilar Gold Limited (ASX:DGR) wholly owned projects at Bathurst.

Mt Isa Metals Limited (ASX:MET) is pleased to announce the discovery of a significant zone of faulting and mineralisation in its first deep drill hole at 812 metres depth at its Gregory IOCG (Iron Oxide Copper Gold) Project in northwest Queensland approximately 230 km north of Mt Isa. The drill hole is one of two deep holes to be drilled with the aid of a A$150,000 grant from the Queensland Department of Mines and Energy under round 3 of the State Government's Collaborative Drilling Initiative (CDI).

The Board of Mt Isa Metals (ASX:MET) is pleased to announce assay results returned from the first three drill holes of the second phase drilling program at the Barbara North Lode returned positive results, all three holes intersecting near-surface sulphide copper mineralisation.

The Board of Mt Isa Metals (ASX:MET) is pleased to announce that drilling has today commenced on the Company's 100%-owned Gregory IOCG Project located 240km north of Mt Isa. At Gregory MET is targeting Olympic Dam-style iron-oxide copper-gold (IOCG) deposits along the projected northern extension of the regionally mineralised Mt Isa - Gunpowder Fault system and associated Western Succession lithologies.

The Board of Mt Isa Metals (ASX:MET) is pleased to announce that drilling has today commenced on the Company's 100%-owned Gregory IOCG Project located 240km north of Mt Isa. At Gregory MET is targeting Olympic Dam-style iron-oxide copper-gold (IOCG) deposits along the projected northern extension of the regionally mineralised Mt Isa - Gunpowder Fault system and associated Western Succession lithologies.

The Board of Mt Isa Metals Limited (ASX:MET) wishes to advise that the Company has exited the D-Tree project with Legend International Holdings, Inc. ("Legend"). Legend, as manager of the D-Tree Joint Venture, has invoiced the Company A$1.739 million for the Company's 20% interest in the D-Tree project for the period 1 September 2008 - 30 June 2009.