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EXPLORATION UPDATE & FEEDBACK FROM BEIJING MINES AND MONEY

EXPLORATION UPDATE

Speewah Metals Limited (“Speewah” or “the Company”) (ASX: SPM) is pleased to advised that the 2011 Exploration Programme is on schedule with significant progress in soil sampling. mapping and commencement of the heliborne VTEM survey.

Soil sampling and mapping programmes to assist with target identification are progressing in line with arrival of drill rigs in early July 2011. The Drilling programme includes Reverse Circulation and Diamond Core drilling of up to 20,000 metres to be completed by end of calendar year.

A close spaced airborne V-TEM survey has commenced in the past few days with an estimated 2,200 line kilometres to be flown covering the Speewah Dome. The data collected will be submitted for interpretation with results expected in July 2011.

BEIJING MINES & MONEY

Speewah continued to profile the Speewah project in China to identify strategic investment for definitive feasibility studies and development. The project is marketed as a multi – commodity (magnetite, vanadium, titanium and fluorite) development opportunity with copper/gold/silver/lead and platinum exploration potential.


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