Peel Mining Limited

Peel Exploration Ltd (ASX:PEX) is pleased to announce that a follow-up diamond drilling programme is now underway at the Company's Attunga project, 20km north of Tamworth in northern NSW.

Peel Exploration Limited (ASX:PEX) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.

Peel Exploration Limited (ASX:PEX) advises that its shareholders at a General Meeting today have overwhelmingly rejected a bid by Stirling Resources Limited Managing Director Michael Kiernan to overturn the board of Peel by having existing directors Simon Hadfield and Craig McGown removed and replaced by himself and Stirling Chief Financial Officer Keith Vuleta.

Peel Exploration Limited (ASX:PEX) Chairman Simon Hadfield Address At Annual General Meeting.

Peel Exploration Limited (ASX:PEX) is pleased to announce the Company has today completed the settlement of the acquisition of the May Day mining lease (ML1361). All conditions precedent to the settlement have been met. Accordingly, Peel has issued 2,750,000 ordinary shares to Imperial Corporation Limited (ASX:IMP) in consideration for May Day, and paid A$43,000 to the NSW Department of Primary Industries as bond relevant to ML1361.

Peel Exploration (ASX:PEX) are pleased to announce the Company has placed the entire shortfall of 7,015,517 ordinary shares from its recent entitlements issue with Point Nominees Pty Ltd, the private investment vehicle of Perth businessman Graham Hardie.

During the quarter, Peel Exploration Limited (ASX:PEX) announced it had reached conditional agreement to acquire a 100% interest in the May Day gold-base metal deposit from Imperial Corporation Ltd (ASX:IMP). The May Day gold-base metal deposit (comprising a 100 hectare mining lease - ML1361), is located approximately 100km south of the mining town of Cobar in central NSW.

Peel Exploration Limited (ASX:PEX) is pleased to announce it has expanded its NSW exploration portfolio, reaching conditional agreement to acquire a 100% interest in the May Day gold-base metal deposit, from Imperial Corporation Ltd (ASX:IMP). The May Day gold-base metal deposit is located approximately 100km south of the mining town of Cobar in central NSW.

While today's meeting is largely procedural, I thought it would timely to provide a brief update on Stirling Resources Limited's (ASX:SRE) recent developments since our shareholders meeting in May. At the AGM, we outlined the strategy to grow Stirling as a diversified Australian resource developer, with equity holdings in several listed entities, covering targeted commodities.

Peel Exploration Limited (ASX:PEX) is pleased to announce that recent drilling at Attunga has returned encouraging mineralisation at all prospects drilled including a shallow, high grade tungsten intercept returned from the Attunga Tungsten Deposit. The Attunga project lies within EL6884, approximately 20 kilometres north of Tamworth, and is 100%-owned by Peel Exploration.