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2011/2012 STATE GOVERNMENT EXPLORATION INCENTIVE SCHEME

CO –FUNDED DRILLING GRANT OF $150,000

Speewah Metals Limited (“Speewah” or “the Company”) (ASX: SPM) is pleased to announce that it has been a successful recipient of a State Government of Western Australia Exploration Incentive Scheme (EIS).

The co-funded government-industry drilling program was designed to support innovative drilling by companies in greenfield areas, where additional drilling and promotional activities will potentially lead to new discoveries.

In 2011-12, the co-funded drilling program will preferentially fund high quality, technical and economically based projects that promote new exploration concepts and technologies. Proposals from applicants were assessed by a panel on the basis of geoscientific and exploration targeting merit.


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